Obsidian Energy (TSX:OBE) ROCE %: -4.63% (As of Mar. 2026)

What is Obsidian Energy ROCE %?

Obsidian Energy TSX:OBE +0.26% 56 ROCE % is -4.63% as of Mar. 2026. GuruFocus rates TSX:OBE with a GF Score™ of 56/100 and a GF Value™ of C$6.93 (Significantly Overvalued). The stock has 3 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. Obsidian Energy's annualized ROCE % for the quarter that ended in Mar. 2026 was -4.63%.

Obsidian Energy (TSX:OBE) 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.

Obsidian Energy ROCE % Related Terms

Obsidian Energy ROCE % Historical Data

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The historical data trend for Obsidian Energy'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.

Obsidian Energy ROCE % Chart

Obsidian Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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67.53

41.34

8.63

-12.01

3.96

Obsidian Energy 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															6.08	5.67	5.33	-1.20	-4.63

56GF Score

Obsidian Energy Ltd TSX:OBE

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Obsidian Energy ROCE % Calculation

Obsidian Energy'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 )
	=	69.9	/	( ( (2114.6 - 275.3)	+	(1854.8 - 167.6) )	/ 2 )
	=	69.9	/	( (1839.3	+	1687.2)	/ 2 )
	=	69.9	/	1763.25
	=	3.96 %

Obsidian Energy'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 )
	=	-78.8	/	( ( (1854.8 - 167.6)	+	(1969.7 - 251.7) )	/ 2 )
	=	-78.8	/	( ( 1687.2	+	1718 )	/ 2 )
	=	-78.8	/	1702.6
	=	-4.63 %

(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 -4.63% mean?

Obsidian Energy (TSX:OBE) has a ROCE % of -4.63% as of Mar. 2026.

Is Obsidian Energy's ROCE % too high?

Obsidian Energy's current ROCE % is -4.63%. Overall, Obsidian Energy has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Obsidian Energy's ROCE % compare to COP and EOG?

Obsidian Energy's ROCE % of -4.63% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. 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. 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. Obsidian Energy's current ROCE % is -4.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Obsidian Energy stock overvalued right now?

Based on GuruFocus' analysis, Obsidian Energy (TSX:OBE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$6.93, compared to a current price of C$11.53 — trading 66.4% above its estimated fair value. The current ROCE % is -4.63%. Obsidian Energy's overall GF Score™ is 56/100 with 3 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 Obsidian Energy (TSX:OBE), the current ROCE % is -4.63% 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 Obsidian Energy (TSX:OBE) Overvalued in 2026?

Based on GuruFocus' analysis, Obsidian Energy stock appears to be overvalued. The current stock price of C$11.53 is trading 66.4% above its estimated GF Value™ of C$6.93. GuruFocus considers Obsidian Energy to be Significantly Overvalued.

Key valuation signals for TSX:OBE:

ROCE %: -4.63%
GF Value™: C$6.93 vs. price of C$11.53 (66.4% above fair value)
GF Score™: 56/100 with 3 warning signs

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

Obsidian Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:FEC TSX:SGY TSX:VLE TSX:SOIL TSXV:LGN TSXV:SNM TSXV:CEI TSX:TAL TSX:CVVY TSX:MER HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges OBE:USA P13A:Germany

Address 207 - 9th Avenue SW, Suite 200, Calgary, AB, CAN, T2P 1K3

Website https://www.obsidianenergy.com

Obsidian Energy Ltd is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development, and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Sale of Oil.

56GF Score

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C$11.53

Price

C$6.93

GF Value

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