Mullen Group (TSX:MTL) ROCE %: 7.14% (As of Mar. 2026)

What is Mullen Group ROCE %?

Mullen Group TSX:MTL +0.56% 81 ROCE % is 7.14% as of Mar. 2026. GuruFocus rates TSX:MTL with a GF Score™ of 81/100 and a GF Value™ of C$16.38 (Modestly Overvalued). The stock has 10 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. Mullen Group's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.14%.

Mullen Group (TSX:MTL) 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.

Mullen Group ROCE % Related Terms

Mullen Group ROCE % Historical Data

* Premium members only.

The historical data trend for Mullen 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.

Mullen Group ROCE % Chart

Mullen Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

Get a 7-Day Free Trial

7.74

14.32

13.33

11.05

8.16

Mullen 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															6.85	8.43	10.82	6.88	7.14

81GF Score

Mullen Group Ltd TSX:MTL

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

View Full Analysis

Mullen Group ROCE % Calculation

Mullen 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 )
	=	180.727	/	( ( (2332.488 - 212.94)	+	(2570.345 - 260.145) )	/ 2 )
	=	180.727	/	( (2119.548	+	2310.2)	/ 2 )
	=	180.727	/	2214.874
	=	8.16 %

Mullen 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 )
	=	165.128	/	( ( (2570.345 - 260.145)	+	(2592.107 - 277.894) )	/ 2 )
	=	165.128	/	( ( 2310.2	+	2314.213 )	/ 2 )
	=	165.128	/	2312.2065
	=	7.14 %

(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 7.14% mean?

Mullen Group (TSX:MTL) has a ROCE % of 7.14% as of Mar. 2026.

Is Mullen Group's ROCE % too high?

Mullen Group's current ROCE % is 7.14%. The Transportation industry median ROCE % is 7.74. Mullen Group's value of 7.14% is 7.8% below this industry median. Overall, Mullen Group has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Mullen Group's ROCE % compare to ODFL and XPO?

Mullen Group's ROCE % of 7.14% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. Mullen Group's value of 7.14% is 7.8% below 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 a Transportation company?

The median ROCE % among Transportation companies is 7.74, based on 997 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. Mullen Group's current ROCE % of 7.14% is 7.8% below 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 Transportation industry, the median ROCE % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mullen Group's current ROCE % is 7.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mullen Group stock overvalued right now?

Based on GuruFocus' analysis, Mullen Group (TSX:MTL) is currently considered Modestly Overvalued. The stock's GF Value™ is C$16.38, compared to a current price of C$21.37 — trading 30.5% above its estimated fair value. The current ROCE % is 7.14% and 7.8% below the Transportation industry median of 7.74. Mullen Group's overall GF Score™ is 81/100 with 10 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 Mullen Group (TSX:MTL), the current ROCE % is 7.14% 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 Mullen Group (TSX:MTL) Overvalued in 2026?

Based on GuruFocus' analysis, Mullen Group stock appears to be overvalued. The current stock price of C$21.37 is trading 30.5% above its estimated GF Value™ of C$16.38. GuruFocus considers Mullen Group to be Modestly Overvalued.

Key valuation signals for TSX:MTL:

ROCE %: 7.14%
GF Value™: C$16.38 vs. price of C$21.37 (30.5% above fair value)
GF Score™: 81/100 with 10 warning signs
Industry Position: 7.8% below the Transportation median

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

Mullen Group Business Description

Industry Industrials Transportation

Comparable Companies TSX:WTE TSX:CJT TSX:ALC TSX:CHR NEOE:JET TSX:KLS TSX:AC TSX:EIF ODFL XPO TSX:TFII SAIA KNX SNDR RXO TSE:9064 ARCB TSE:9076 WERN TSE:9075

Other Exchanges MLLGF:USA 9MU:Germany

Address 121A 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3

Website https://www.mullen-group.com

Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings, including less-than-truckload, truckload, Specialized & Industrial Services, warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.

81GF Score

Get the complete analysis for TSX:MTL

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

C$21.37

Price

C$16.38

GF Value

View TSX:MTL Analysis

See ROCE % data for all stocks →