Trican Well Service (TSX:TCW) ROCE %: 19.30% (As of Mar. 2026)

What is Trican Well Service ROCE %?

Trican Well Service TSX:TCW +1.20% 74 ROCE % is 19.30% as of Mar. 2026. GuruFocus rates TSX:TCW with a GF Score™ of 74/100 and a GF Value™ of C$6.12 (Fairly Valued). 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. Trican Well Service's annualized ROCE % for the quarter that ended in Mar. 2026 was 19.30%.

Trican Well Service (TSX:TCW) 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.

Trican Well Service ROCE % Related Terms

Trican Well Service ROCE % Historical Data

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The historical data trend for Trican Well Service'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.

Trican Well Service ROCE % Chart

Trican Well Service Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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2.77

20.50

28.26

26.58

21.26

Trican Well Service 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															30.48	18.80	20.91	20.10	19.30

74GF Score

Trican Well Service Ltd TSX:TCW

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Trican Well Service ROCE % Calculation

Trican Well Service'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 )
	=	152.253	/	( ( (683.07 - 135.476)	+	(1013.717 - 128.958) )	/ 2 )
	=	152.253	/	( (547.594	+	884.759)	/ 2 )
	=	152.253	/	716.1765
	=	21.26 %

Trican Well Service'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 )
	=	165.184	/	( ( (1013.717 - 128.958)	+	(944.854 - 117.524) )	/ 2 )
	=	165.184	/	( ( 884.759	+	827.33 )	/ 2 )
	=	165.184	/	856.0445
	=	19.30 %

(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 19.30% mean?

Trican Well Service (TSX:TCW) has a ROCE % of 19.30% as of Mar. 2026.

Is Trican Well Service's ROCE % too high?

Trican Well Service's current ROCE % is 19.30%. The Oil & Gas industry median ROCE % is 6.79. Trican Well Service's value of 19.30% is 184.2% above this industry median. Overall, Trican Well Service has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Trican Well Service's ROCE % compare to SLB and BKR?

Trican Well Service's ROCE % of 19.30% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Trican Well Service's value of 19.30% is 184.2% 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. Trican Well Service's current ROCE % of 19.30% is 184.2% 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. Trican Well Service's current ROCE % is 19.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Trican Well Service stock overvalued right now?

Based on GuruFocus' analysis, Trican Well Service (TSX:TCW) is currently considered Fairly Valued. The stock's GF Value™ is C$6.12, compared to a current price of C$6.74 — trading 10.1% above its estimated fair value. The current ROCE % is 19.30% and 184.2% above the Oil & Gas industry median of 6.79. Trican Well Service's overall GF Score™ is 74/100 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 Trican Well Service (TSX:TCW), the current ROCE % is 19.30% 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 Trican Well Service (TSX:TCW) Overvalued in 2026?

Based on GuruFocus' analysis, Trican Well Service stock appears to be overvalued. The current stock price of C$6.74 is trading 10.1% above its estimated GF Value™ of C$6.12. GuruFocus considers Trican Well Service to be Fairly Valued.

Key valuation signals for TSX:TCW:

ROCE %: 19.30%
GF Value™: C$6.12 vs. price of C$6.74 (10.1% above fair value)
GF Score™: 74/100 with 1 warning sign
Industry Position: 184.2% above the Oil & Gas median

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

Trican Well Service Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:PSI TSX:TOT TSX:MATR TSX:CFW TSX:NOA TSX:MTEK TSX:FLNT TSX:SHLE TSX:PSD TSX:E SLB BKR HAL MIL:TEN FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT SHSE:601808

Other Exchanges TOLWF:USA TWZ:Germany

Address 645 - 7th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 4G8

Website https://www.tricanwellservice.com

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells through its continuing pressure pumping operations in Canada. Additionally, the company offers services related to coiled tubing, pipeline service, cementing, fracturing, and reservoir solutions to customers operating from bases located across the Western Canadian Sedimentary Basin (WCSB).

74GF Score

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C$6.74

Price

C$6.12

GF Value

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