CDUAF (Canadian Utilities) ROE %: 13.92% (As of Mar. 2026) — 57% Above Median


CDUAF Canadian Utilities Ltd CDUAF
71 GF Score
Price $36.67
GF Value $26.42
Valuation Significantly Overvalued
! 14 Warning Signs
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What is Canadian Utilities ROE %?

Canadian Utilities CDUAF -0.07% 71 ROE % is 13.92% as of Mar. 2026, which is 57% above its 10-year median of 8.88. GuruFocus rates CDUAF with a GF Score™ of 71/100 and a GF Value™ of $26.42 (Significantly Overvalued). The stock has 14 warning signs investors should review. Among 503 Utilities - Regulated companies, Canadian Utilities ranks worse than 84.69% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Canadian Utilities's annualized net income for the quarter that ended in Mar. 2026 was $653 Mil. Canadian Utilities's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $4,692 Mil. Therefore, Canadian Utilities's annualized ROE % for the quarter that ended in Mar. 2026 was 13.92%.

The historical rank and industry rank for Canadian Utilities's ROE % or its related term are showing as below:

CDUAF' s ROE % Range Over the Past 10 Years
Min: 1.58   Med: 8.88   Max: 14.51
Current: 1.58

During the past 13 years, Canadian Utilities's highest ROE % was 14.51%. The lowest was 1.58%. And the median was 8.88%.

CDUAF's ROE % is ranked worse than
84.69% of 503 companies
in the Utilities - Regulated industry
Industry Median: 8.62 vs CDUAF: 1.58

Canadian Utilities  (OTCPK:CDUAF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=653.06/4691.7995
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(653.06 / 3160.348)*(3160.348 / 17825.657)*(17825.657 / 4691.7995)
=Net Margin %*Asset Turnover*Equity Multiplier
=20.66 %*0.1773*3.7993
=ROA %*Equity Multiplier
=3.66 %*3.7993
=13.92 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=653.06/4691.7995
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (653.06 / 860.06) * (860.06 / 1145.772) * (1145.772 / 3160.348) * (3160.348 / 17825.657) * (17825.657 / 4691.7995)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7593 * 0.7506 * 36.25 % * 0.1773 * 3.7993
=13.92 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Canadian Utilities ROE % Related Terms


Canadian Utilities ROE % Historical Data

* Premium members only.

The historical data trend for Canadian Utilities's ROE % 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.

Canadian Utilities ROE % Chart

Canadian Utilities Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.93 9.08 10.29 6.72 1.82

Canadian Utilities Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 13.52 6.51 5.71 -19.71 13.92

CDUAF vs SRE, AES: ROE % Comparison

For the Utilities - Diversified subindustry, Canadian Utilities's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Canadian Utilities ROE % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Canadian Utilities's ROE % distribution charts can be found below:

* The bar in red indicates where Canadian Utilities's ROE % falls into.


CDUAF
71GF Score
Canadian Utilities Ltd CDUAF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Utilities ROE % Calculation

Canadian Utilities's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=86.263/( (4849.442+4627.039)/ 2 )
=86.263/4738.2405
=1.82 %

Canadian Utilities's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=653.06/( (4627.039+4756.56)/ 2 )
=653.06/4691.7995
=13.92 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 13.92% mean?
Canadian Utilities (CDUAF) has a ROE % of 13.92% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Canadian Utilities and its competitors. This is 57% above median its historical median of 8.88. Over the past decade, Canadian Utilities' ROE % has ranged from 1.58 to 14.51. According to the industry distribution chart, Canadian Utilities ranks #426 out of 503 companies in the Utilities - Regulated industry, placing it in the top 84.7%.
Is Canadian Utilities' ROE % too high?
Canadian Utilities' current ROE % of 13.92% is 57% above median its 10-year median of 8.88. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 14.51. The Utilities - Regulated industry median ROE % is 8.62. Canadian Utilities' value of 13.92% is 61.5% above this industry median. Based on the distribution chart, Canadian Utilities ranks #426 out of 503 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Canadian Utilities has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Utilities' ROE % compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Canadian Utilities ranks #426 out of 503 companies for ROE %. This places Canadian Utilities in the lower half of its industry. The industry median ROE % is 8.62. Canadian Utilities' value of 13.92% is 61.5% above this benchmark. Historically, Canadian Utilities' own ROE % has ranged from 1.58 to 14.51 over the past decade. While the company's 10-year median is 8.88 vs. the industry median of 8.62, Canadian Utilities has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.62, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Utilities's current ROE % of 13.92% is 61.5% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Canadian Utilities and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Utilities's current ROE % is 13.92%, which is 57% above median its own 10-year median of 8.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Utilities stock overvalued right now?
Based on GuruFocus' analysis, Canadian Utilities (CDUAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.42, compared to a current price of $36.67 — trading 38.8% above its estimated fair value. The current ROE % is 13.92%, which is 57% above median its 10-year median of 8.88 and 61.5% above the Utilities - Regulated industry median of 8.62. Canadian Utilities' overall GF Score™ is 71/100 with 14 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Canadian Utilities (CDUAF), the current ROE % is 13.92% 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 Canadian Utilities (CDUAF) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Utilities stock appears to be overvalued. The current stock price of $36.67 is trading 38.8% above its estimated GF Value™ of $26.42. GuruFocus considers Canadian Utilities to be Significantly Overvalued.

Key valuation signals for CDUAF:

  • ROE %: 13.92% (57% above median its 10-year median of 8.88)
  • GF Value™: $26.42 vs. price of $36.67 (38.8% above fair value)
  • GF Score™: 71/100 with 14 warning signs
  • Industry Position: 61.5% above the Utilities - Regulated median (#426 of 503)

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


Canadian Utilities Business Description

Address 5302 Forand Street South West, 4th Floor, West Building, Corporate Governance & Secretarial, Calgary, AB, CAN, T3E 8B4
Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company is engaged in segments that include ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Corporate & Other. Headquartered in Calgary, Alberta, the firm mainly operates in Canada, Australia, and others. The company generates maximum revenue from Canada. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.
71GF Score

Get the complete analysis for CDUAF

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

$36.67
Price
$26.42
GF Value