CNOOC Energy Technology & Services (SHSE:600968) ROCE %: 10.30% (As of Mar. 2026)

What is CNOOC Energy Technology & Services ROCE %?

CNOOC Energy Technology & Services SHSE:600968 +0.26% 89 ROCE % is 10.30% as of Mar. 2026. GuruFocus rates SHSE:600968 with a GF Score™ of 89/100 and a GF Value™ of ¥3.89 (Fairly Valued). The stock has 2 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. CNOOC Energy Technology & Services's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.30%.

CNOOC Energy Technology & Services (SHSE:600968) 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.

CNOOC Energy Technology & Services ROCE % Related Terms

CNOOC Energy Technology & Services ROCE % Historical Data

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The historical data trend for CNOOC Energy Technology & Services'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.

CNOOC Energy Technology & Services ROCE % Chart

CNOOC Energy Technology & Services Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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9.01

12.64

14.60

15.76

15.02

CNOOC Energy Technology & Services 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															10.60	18.32	16.48	14.92	10.30

89GF Score

CNOOC Energy Technology & Services Ltd SHSE:600968

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

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CNOOC Energy Technology & Services ROCE % Calculation

CNOOC Energy Technology & Services'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 )
	=	4910.798	/	( ( (49502.533 - 18157.07)	+	(51165.405 - 17135.941) )	/ 2 )
	=	4910.798	/	( (31345.463	+	34029.464)	/ 2 )
	=	4910.798	/	32687.4635
	=	15.02 %

CNOOC Energy Technology & Services'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 )
	=	3532.98	/	( ( (51165.405 - 17135.941)	+	(48721.768 - 14148.861) )	/ 2 )
	=	3532.98	/	( ( 34029.464	+	34572.907 )	/ 2 )
	=	3532.98	/	34301.1855
	=	10.30 %

(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 10.30% mean?

CNOOC Energy Technology & Services (SHSE:600968) has a ROCE % of 10.30% as of Mar. 2026.

Is CNOOC Energy Technology & Services' ROCE % too high?

CNOOC Energy Technology & Services' current ROCE % is 10.30%. The Oil & Gas industry median ROCE % is 6.79. CNOOC Energy Technology & Services' value of 10.30% is 51.7% above this industry median. Overall, CNOOC Energy Technology & Services has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does CNOOC Energy Technology & Services' ROCE % compare to SLB and BKR?

CNOOC Energy Technology & Services' ROCE % of 10.30% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. CNOOC Energy Technology & Services' value of 10.30% is 51.7% 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. CNOOC Energy Technology & Services's current ROCE % of 10.30% is 51.7% 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. CNOOC Energy Technology & Services's current ROCE % is 10.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CNOOC Energy Technology & Services stock overvalued right now?

Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.89, compared to a current price of ¥3.80 — trading 2.3% below its estimated fair value. The current ROCE % is 10.30% and 51.7% above the Oil & Gas industry median of 6.79. CNOOC Energy Technology & Services' overall GF Score™ is 89/100 with 2 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 CNOOC Energy Technology & Services (SHSE:600968), the current ROCE % is 10.30% 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 CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?

Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued. The current stock price of ¥3.80 is trading 2.3% below its estimated GF Value™ of ¥3.89. GuruFocus considers CNOOC Energy Technology & Services to be Fairly Valued.

Key valuation signals for SHSE:600968:

ROCE %: 10.30%
GF Value™: ¥3.89 vs. price of ¥3.80 (2.3% below fair value)
GF Score™: 89/100 with 2 warning signs
Industry Position: 51.7% above the Oil & Gas median

No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CNOOC Energy Technology & Services Business Description

Industry Energy Oil & Gas

Comparable Companies SHSE:601808 SHSE:600583 SHSE:600339 SHSE:603800 SZSE:300191 SHSE:688377 SZSE:300084 SZSE:300164 SZSE:000852 SHSE:603318 SLB BKR HAL MIL:TEN FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT WFRD

Address No. 6 Dongzhimenwai Street, CNOOC Building, Dongcheng District, Beijing, CHN, 100027

Website https://cenertech.cnooc.com.cn

CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.

89GF Score

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

¥3.80

Price

¥3.89

GF Value

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