Thermal Energy International (TSXV:TMG) ROCE %: 28.09% (As of Feb. 2026)


TSXV:TMG Thermal Energy International Inc TSXV:TMG
64 GF Score
Price C$0.16
GF Value C$0.24
Valuation Possible Value Trap
! 4 Warning Signs
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What is Thermal Energy International ROCE %?

Thermal Energy International TSXV:TMG 64 ROCE % is 28.09% as of Feb. 2026. GuruFocus rates TSXV:TMG with a GF Score™ of 64/100 and a GF Value™ of C$0.24 (Possible Value Trap). The stock has 4 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. Thermal Energy International's annualized ROCE % for the quarter that ended in Feb. 2026 was 28.09%.

Thermal Energy International  (TSXV:TMG) 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.

Thermal Energy International ROCE % Related Terms

Thermal Energy International ROCE % Historical Data

* Premium members only.

The historical data trend for Thermal Energy International'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.

Thermal Energy International ROCE % Chart

Thermal Energy International Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.57 -23.28 21.01 24.40 8.91

Thermal Energy International Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.18 22.17 19.00 55.58 28.09
TSXV:TMG
64GF Score
Thermal Energy International Inc TSXV:TMG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Thermal Energy International ROCE % Calculation

Thermal Energy International's annualized ROCE % for the fiscal year that ended in May. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=0.469/( ( (16.791 - 10.703) + (11.946 - 7.512) )/ 2 )
=0.469/( (6.088+4.434)/ 2 )
=0.469/5.261
=8.91 %

Thermal Energy International's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=1.524/( ( (14.038 - 8.811) + (13.473 - 7.849) )/ 2 )
=1.524/( ( 5.227 + 5.624 )/ 2 )
=1.524/5.4255
=28.09 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 28.09% mean?
Thermal Energy International (TSXV:TMG) has a ROCE % of 28.09% as of Feb. 2026.
Is Thermal Energy International's ROCE % too high?
Thermal Energy International's current ROCE % is 28.09%. The Industrial Products industry median ROCE % is 7.10. Thermal Energy International's value of 28.09% is 295.6% above this industry median. Overall, Thermal Energy International has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's ROCE % compare to VLTO and ZWS?
Thermal Energy International's ROCE % of 28.09% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. Thermal Energy International's value of 28.09% is 295.6% 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 Industrial Products company?
The median ROCE % among Industrial Products companies is 7.10, based on 3,032 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. Thermal Energy International's current ROCE % of 28.09% is 295.6% 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 Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermal Energy International's current ROCE % is 28.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TSXV:TMG) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.24, compared to a current price of C$0.16 — trading 33.3% below its estimated fair value. The current ROCE % is 28.09% and 295.6% above the Industrial Products industry median of 7.10. Thermal Energy International's overall GF Score™ is 64/100 with 4 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 Thermal Energy International (TSXV:TMG), the current ROCE % is 28.09% as of Feb. 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 Thermal Energy International (TSXV:TMG) Overvalued in 2026?

Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued. The current stock price of C$0.16 is trading 33.3% below its estimated GF Value™ of C$0.24. GuruFocus considers Thermal Energy International to be Possible Value Trap.

Key valuation signals for TSXV:TMG:

  • ROCE %: 28.09%
  • GF Value™: C$0.24 vs. price of C$0.16 (33.3% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 295.6% above the Industrial Products median

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

Thermal Energy International Business Description

Other Exchanges TMGEF:USAEUW:Germany
Address 36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
64GF Score

Get the complete analysis for TSXV:TMG

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

C$0.16
Price
C$0.24
GF Value