NOA (North American Construction Group) ROCE %: 7.03% (As of Mar. 2026)

What is North American Construction Group ROCE %?

North American Construction Group NOA +2.15% 86 ROCE % is 7.03% as of Mar. 2026. GuruFocus rates NOA with a GF Score™ of 86/100 and a GF Value™ of $24.29 (Possible Value Trap). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. North American Construction Group's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.03%.

North American Construction Group (NYSE:NOA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

North American Construction Group ROCE % Related Terms

North American Construction Group ROCE % Historical Data

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The historical data trend for North American Construction Group's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

North American Construction Group ROCE % Chart

North American Construction Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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10.95

14.02

12.13

8.69

8.21

North American Construction Group Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															6.70	8.53	10.44	6.08	7.03

86GF Score

North American Construction Group Ltd NOA

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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North American Construction Group ROCE % Calculation

North American Construction Group's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	81.638	/	( ( (1189.373 - 221.772)	+	(1319.14 - 297.832) )	/ 2 )
	=	81.638	/	( (967.601	+	1021.308)	/ 2 )
	=	81.638	/	994.4545
	=	8.21 %

North American Construction Group's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	75.124	/	( ( (1319.14 - 297.832)	+	(1367.986 - 251.531) )	/ 2 )
	=	75.124	/	( ( 1021.308	+	1116.455 )	/ 2 )
	=	75.124	/	1068.8815
	=	7.03 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 7.03% mean?

North American Construction Group (NOA) has a ROCE % of 7.03% as of Mar. 2026.

Is North American Construction Group's ROCE % too high?

North American Construction Group's current ROCE % is 7.03%. The Oil & Gas industry median ROCE % is 6.79. North American Construction Group's value of 7.03% is 3.5% above this industry median. Overall, North American Construction Group has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does North American Construction Group's ROCE % compare to SLB and BKR?

North American Construction Group's ROCE % of 7.03% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. North American Construction Group's value of 7.03% is 3.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. North American Construction Group's current ROCE % of 7.03% is 3.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North American Construction Group's current ROCE % is 7.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is North American Construction Group stock overvalued right now?

Based on GuruFocus' analysis, North American Construction Group (NOA) is currently considered Possible Value Trap. The stock's GF Value™ is $24.29, compared to a current price of $13.75 — trading 43.4% below its estimated fair value. The current ROCE % is 7.03% and 3.5% above the Oil & Gas industry median of 6.79. North American Construction Group's overall GF Score™ is 86/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For North American Construction Group (NOA), the current ROCE % is 7.03% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is North American Construction Group (NOA) Overvalued in 2026?

Based on GuruFocus' analysis, North American Construction Group stock appears to be undervalued. The current stock price of $13.75 is trading 43.4% below its estimated GF Value™ of $24.29. GuruFocus considers North American Construction Group to be Possible Value Trap.

Key valuation signals for NOA:

ROCE %: 7.03%
GF Value™: $24.29 vs. price of $13.75 (43.4% below fair value)
GF Score™: 86/100 with 7 warning signs
Industry Position: 3.5% above the Oil & Gas median

No single metric tells the full story. See the NOA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

North American Construction Group Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:CFW TSX:MATR TSX:MTEK TSX:FLNT TSX:SHLE TSX:PSD TSX:TOT TSX:E NEOE:ZEFI TSX:MCB SLB BKR HAL MIL:TEN FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT SHSE:601808

Other Exchanges N5Z:Germany NOA:Canada

Address 27287 - 100 Avenue Acheson, Acheson, AB, CAN, T7X 6H8

Website https://www.nacg.ca

North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies. The Company provides a wide range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. The Company's reportable segments are Heavy Equipment Canada, Heavy Equipment Australia, and Other. Heavy Equipment Canada and Heavy Equipment Australia include all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes mine management contract work in the United States, its external maintenance and rebuild programs.

86GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.75

Price

$24.29

GF Value

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