Athabasca Oil (TSX:ATH) ROCE %: 11.30% (As of Mar. 2026)

What is Athabasca Oil ROCE %?

Athabasca Oil TSX:ATH +0.65% 69 ROCE % is 11.30% as of Mar. 2026. GuruFocus rates TSX:ATH with a GF Score™ of 69/100 and a GF Value™ of C$6.37 (Significantly Overvalued). The stock has 1 warning sign 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. Athabasca Oil's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.30%.

Athabasca Oil (TSX:ATH) 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.

Athabasca Oil ROCE % Related Terms

Athabasca Oil ROCE % Historical Data

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The historical data trend for Athabasca Oil'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.

Athabasca Oil ROCE % Chart

Athabasca Oil Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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38.59

13.95

-0.43

32.66

15.41

Athabasca Oil 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															17.88	14.04	17.45	12.17	11.30

69GF Score

Athabasca Oil Corp TSX:ATH

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

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Athabasca Oil ROCE % Calculation

Athabasca Oil'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 )
	=	346.828	/	( ( (2474.609 - 244.088)	+	(2550.739 - 280.266) )	/ 2 )
	=	346.828	/	( (2230.521	+	2270.473)	/ 2 )
	=	346.828	/	2250.497
	=	15.41 %

Athabasca Oil'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 )
	=	261.332	/	( ( (2550.739 - 280.266)	+	(2672.785 - 317.082) )	/ 2 )
	=	261.332	/	( ( 2270.473	+	2355.703 )	/ 2 )
	=	261.332	/	2313.088
	=	11.30 %

(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 11.30% mean?

Athabasca Oil (TSX:ATH) has a ROCE % of 11.30% as of Mar. 2026.

Is Athabasca Oil's ROCE % too high?

Athabasca Oil's current ROCE % is 11.30%. The Oil & Gas industry median ROCE % is 6.79. Athabasca Oil's value of 11.30% is 66.4% above this industry median. Overall, Athabasca Oil has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Athabasca Oil's ROCE % compare to COP and EOG?

Athabasca Oil's ROCE % of 11.30% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Athabasca Oil's value of 11.30% is 66.4% 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. Athabasca Oil's current ROCE % of 11.30% is 66.4% 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. Athabasca Oil's current ROCE % is 11.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Athabasca Oil stock overvalued right now?

Based on GuruFocus' analysis, Athabasca Oil (TSX:ATH) is currently considered Significantly Overvalued. The stock's GF Value™ is C$6.37, compared to a current price of C$10.84 — trading 70.2% above its estimated fair value. The current ROCE % is 11.30% and 66.4% above the Oil & Gas industry median of 6.79. Athabasca Oil's overall GF Score™ is 69/100 with 1 warning sign 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 Athabasca Oil (TSX:ATH), the current ROCE % is 11.30% 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 Athabasca Oil (TSX:ATH) Overvalued in 2026?

Based on GuruFocus' analysis, Athabasca Oil stock appears to be overvalued. The current stock price of C$10.84 is trading 70.2% above its estimated GF Value™ of C$6.37. GuruFocus considers Athabasca Oil to be Significantly Overvalued.

Key valuation signals for TSX:ATH:

ROCE %: 11.30%
GF Value™: C$6.37 vs. price of C$10.84 (70.2% above fair value)
GF Score™: 69/100 with 1 warning sign
Industry Position: 66.4% above the Oil & Gas median

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

Athabasca Oil Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:PEY TSX:BTE TSX:TVE TSX:POU TSX:IPCO TSX:HWX TSX:PSK TSX:FRU TSX:SDE TSX:VET HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges ATHOF:USA ATI:Germany

Address 215 - 9 Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 1K3

Website https://www.atha.com

Athabasca Oil Corp is an exploration and production company developing Thermal Oil and Light Oil resources in the Western Canadian Sedimentary Basin located in Alberta, Canada. It operates through two segments: Athabasca (Thermal Oil), focused on bitumen production from oil sands in the Athabasca region of Northern Alberta, and Duvernay Energy, focused on the production of light and medium crude oil, tight oil, natural gas, shale gas, and natural gas liquids in the Greater Kaybob area near Fox Creek, Alberta. The majority of its revenue is derived from petroleum, natural gas, and midstream sales through the Athabasca segment.

69GF Score

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C$10.84

Price

C$6.37

GF Value

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