Headwater ExplorationFRA:C6V 75 ROE % is 19.07% as of Mar. 2026, which is 23% above its 10-year median of 15.51. GuruFocus rates FRA:C6V with a GF Score™ of 75/100 and a GF Value™ of €5.51 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 960 Oil & Gas companies, Headwater Exploration ranks better than 82.19% on this metric.
The historical rank and industry rank for Headwater Exploration's ROE % or its related term are showing as below:
FRA:C6V'
s ROE % Range Over the Past 10 Years
Min: -27.04 Med: 15.51 Max: 34.45
Current: 18.67
During the past 13 years, Headwater Exploration's highest ROE % was 34.45%. The lowest was -27.04%. And the median was 15.51%.
FRA:C6V's ROE % is ranked better than 82.19% of 960
companies
in the Oil & Gas industry
Industry Median: 5.795
vs FRA:C6V: 18.67
Headwater Exploration (FRA:C6V) 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:
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.
* 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.
For the Oil & Gas E&P subindustry, Headwater Exploration'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.
Headwater Exploration ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Headwater Exploration's ROE % distribution charts can be found below:
* The bar in red indicates where Headwater Exploration's ROE % falls into.
* 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.
Headwater Exploration (FRA:C6V) has a ROE % of 19.07% 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 Headwater Exploration and its competitors. This is 23% above median its historical median of 15.51. According to the industry distribution chart, Headwater Exploration ranks #171 out of 960 companies in the Oil & Gas industry, placing it in the top 17.8%.
Is Headwater Exploration's ROE % too high?
Headwater Exploration's current ROE % of 19.07% is 23% above median its 10-year median of 15.51. The Oil & Gas industry median ROE % is 5.80. Headwater Exploration's value of 19.07% is 229.1% above this industry median. Based on the distribution chart, Headwater Exploration ranks #171 out of 960 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Headwater Exploration has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Headwater Exploration's ROE % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Headwater Exploration ranks #171 out of 960 companies for ROE %. This places Headwater Exploration in the top 18% of its industry — outperforming the majority of peers. The industry median ROE % is 5.80. Headwater Exploration's value of 19.07% is 229.1% above this benchmark. While the company's 10-year median is 15.51 vs. the industry median of 5.80, Headwater Exploration 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 Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.80, based on 960 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. Headwater Exploration's current ROE % of 19.07% is 229.1% 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 Headwater Exploration and its competitors. For the Oil & Gas industry, the median ROE % is 5.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Headwater Exploration's current ROE % is 19.07%, which is 23% above median its own 10-year median of 15.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Headwater Exploration stock overvalued right now?
Based on GuruFocus' analysis, Headwater Exploration (FRA:C6V) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.51, compared to a current price of €7.40 — trading 34.3% above its estimated fair value. The current ROE % is 19.07%, which is 23% above median its 10-year median of 15.51 and 229.1% above the Oil & Gas industry median of 5.80. Headwater Exploration's overall GF Score™ is 75/100 with 1 warning sign 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 Headwater Exploration (FRA:C6V), the current ROE % is 19.07% 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 Headwater Exploration (FRA:C6V) Overvalued in 2026?
Based on GuruFocus' analysis, Headwater Exploration stock appears to be overvalued.
The current stock price of €7.40 is trading 34.3% above its estimated GF Value™ of €5.51.
GuruFocus considers Headwater Exploration to be Significantly Overvalued.
Key valuation signals for FRA:C6V:
ROE %: 19.07% (23% above median its 10-year median of 15.51)
GF Value™: €5.51 vs. price of €7.40 (34.3% above fair value)
Industry Position: 229.1% above the Oil & Gas median (#171 of 960)
No single metric tells the full story. See the FRA:C6V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Headwater Exploration Inc is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The company has high quality oil production, reserves, and lands in the prolific Clearwater play in the Marten Hills, Greater Peavine and Greater Nipisi areas of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick. Its core operating areas are Clearwater fairway, Alberta and McCully Field, New Brunswick.
75GF Score
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