OceanaGold (TSX:OGC) ROCE %: 47.83% (As of Mar. 2026)

What is OceanaGold ROCE %?

OceanaGold TSX:OGC -2.65% 85 ROCE % is 47.83% as of Mar. 2026. GuruFocus rates TSX:OGC with a GF Score™ of 85/100 and a GF Value™ of C$27.92 (Modestly 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. OceanaGold's annualized ROCE % for the quarter that ended in Mar. 2026 was 47.83%.

OceanaGold (TSX:OGC) 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.

OceanaGold ROCE % Related Terms

OceanaGold ROCE % Historical Data

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The historical data trend for OceanaGold'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.

OceanaGold ROCE % Chart

OceanaGold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-1.06

8.89

6.68

12.87

36.54

OceanaGold 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															25.29	27.43	24.09	71.95	47.83

85GF Score

OceanaGold Corp TSX:OGC

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OceanaGold ROCE % Calculation

OceanaGold'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 )
	=	1260.587	/	( ( (3546.221 - 439.947)	+	(4490.824 - 697.613) )	/ 2 )
	=	1260.587	/	( (3106.274	+	3793.211)	/ 2 )
	=	1260.587	/	3449.7425
	=	36.54 %

OceanaGold'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 )
	=	1845.064	/	( ( (4490.824 - 697.613)	+	(4765.916 - 844.329) )	/ 2 )
	=	1845.064	/	( ( 3793.211	+	3921.587 )	/ 2 )
	=	1845.064	/	3857.399
	=	47.83 %

(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 47.83% mean?

OceanaGold (TSX:OGC) has a ROCE % of 47.83% as of Mar. 2026.

Is OceanaGold's ROCE % too high?

OceanaGold's current ROCE % is 47.83%. Overall, OceanaGold has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does OceanaGold's ROCE % compare to NEM and AU?

OceanaGold's ROCE % of 47.83% can be compared against companies in the Metals & Mining industry. 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 Metals & Mining company?

A good ROCE % depends on the Metals & Mining industry context. 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. OceanaGold's current ROCE % is 47.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is OceanaGold stock overvalued right now?

Based on GuruFocus' analysis, OceanaGold (TSX:OGC) is currently considered Modestly Overvalued. The stock's GF Value™ is C$27.92, compared to a current price of C$34.57 — trading 23.8% above its estimated fair value. The current ROCE % is 47.83%. OceanaGold's overall GF Score™ is 85/100 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 OceanaGold (TSX:OGC), the current ROCE % is 47.83% 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 OceanaGold (TSX:OGC) Overvalued in 2026?

Based on GuruFocus' analysis, OceanaGold stock appears to be overvalued. The current stock price of C$34.57 is trading 23.8% above its estimated GF Value™ of C$27.92. GuruFocus considers OceanaGold to be Modestly Overvalued.

Key valuation signals for TSX:OGC:

ROCE %: 47.83%
GF Value™: C$27.92 vs. price of C$34.57 (23.8% above fair value)
GF Score™: 85/100 with 1 warning sign

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

OceanaGold Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSX:OR TSX:SSRM TSX:BTO TSX:DPM TSX:GMIN TSX:MAU TSX:ELD TSX:OLA TSX:KNT TSX:TXG SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM AU TSX:FNV HKSE:02259 TSX:K JSE:GFI

Other Exchanges OGC:USA 0VAQ:UK RQQ0:Germany

Address 400 Burrard Street, Suite 1020, Vancouver, BC, CAN, V6C 3A6

Website https://www.oceanagold.com

OceanaGold Corp is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from its operations and delivering robust returns for its shareholders. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; the Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The company generates key revenue from Haile mines.

85GF Score

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

C$34.57

Price

C$27.92

GF Value

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