The North West Co (TSX:NWC) ROE %: 13.59% (As of Apr. 2026) — 33% Below Median


TSX:NWC The North West Co Inc TSX:NWC
80 GF Score
Price C$50.15
GF Value C$47.35
Valuation Fairly Valued
! 3 Warning Signs
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What is The North West Co ROE %?

The North West Co TSX:NWC +0.14% 80 ROE % is 13.59% as of Apr. 2026, which is 33% below its 10-year median of 20.43. GuruFocus rates TSX:NWC with a GF Score™ of 80/100 and a GF Value™ of C$47.35 (Fairly Valued). The stock has 3 warning signs investors should review. Among 306 Retail - Defensive companies, The North West Co ranks better than 76.8% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. The North West Co's annualized net income for the quarter that ended in Apr. 2026 was C$109 Mil. The North West Co's average Total Stockholders Equity over the quarter that ended in Apr. 2026 was C$805 Mil. Therefore, The North West Co's annualized ROE % for the quarter that ended in Apr. 2026 was 13.59%.

The historical rank and industry rank for The North West Co's ROE % or its related term are showing as below:

TSX:NWC' s ROE % Range Over the Past 10 Years
Min: 17.75   Med: 20.43   Max: 30.9
Current: 17.89

During the past 13 years, The North West Co's highest ROE % was 30.90%. The lowest was 17.75%. And the median was 20.43%.

TSX:NWC's ROE % is ranked better than
76.8% of 306 companies
in the Retail - Defensive industry
Industry Median: 8.53 vs TSX:NWC: 17.89

The North West Co  (TSX:NWC) 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: Apr. 2026 )
=Net Income/Total Stockholders Equity
=109.396/804.7125
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(109.396 / 2526.536)*(2526.536 / 1594.9185)*(1594.9185 / 804.7125)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.33 %*1.5841*1.982
=ROA %*Equity Multiplier
=6.86 %*1.982
=13.59 %

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: Apr. 2026 )
=Net Income/Total Stockholders Equity
=109.396/804.7125
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (109.396 / 156.616) * (156.616 / 173.408) * (173.408 / 2526.536) * (2526.536 / 1594.9185) * (1594.9185 / 804.7125)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6985 * 0.9032 * 6.86 % * 1.5841 * 1.982
=13.59 %

Note: The net income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 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.


The North West Co ROE % Related Terms


The North West Co ROE % Historical Data

* Premium members only.

The historical data trend for The North West Co'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.

The North West Co ROE % Chart

The North West Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.35 20.49 19.70 18.85 17.75

The North West Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 13.49 18.80 20.40 18.80 13.59

TSX:NWC vs KR, SFM, ACI: ROE % Comparison

For the Grocery Stores subindustry, The North West Co'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.


The North West Co ROE % vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The North West Co's ROE % distribution charts can be found below:

* The bar in red indicates where The North West Co's ROE % falls into.


TSX:NWC
80GF Score
The North West Co Inc TSX:NWC
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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The North West Co ROE % Calculation

The North West Co's annualized ROE % for the fiscal year that ended in Jan. 2026 is calculated as

ROE %=Net Income (A: Jan. 2026 )/( (Total Stockholders Equity (A: Jan. 2025 )+Total Stockholders Equity (A: Jan. 2026 ))/ count )
=139.485/( (772.006+799.388)/ 2 )
=139.485/785.697
=17.75 %

The North West Co's annualized ROE % for the quarter that ended in Apr. 2026 is calculated as

ROE %=Net Income (Q: Apr. 2026 )/( (Total Stockholders Equity (Q: Jan. 2026 )+Total Stockholders Equity (Q: Apr. 2026 ))/ count )
=109.396/( (799.388+810.037)/ 2 )
=109.396/804.7125
=13.59 %

* 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 (Apr. 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 13.59% mean?
The North West Co (TSX:NWC) has a ROE % of 13.59% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on The North West Co and its competitors. This is 33% below median its historical median of 20.43. Over the past decade, The North West Co's ROE % has ranged from 17.75 to 30.90. According to the industry distribution chart, The North West Co ranks #71 out of 306 companies in the Retail - Defensive industry, placing it in the top 23.2%.
Is The North West Co's ROE % too high?
The North West Co's current ROE % of 13.59% is 33% below median its 10-year median of 20.43. Over the past 10 years, this metric has ranged from a low of 17.75 to a high of 30.90. The Retail - Defensive industry median ROE % is 8.53. The North West Co's value of 13.59% is 59.3% above this industry median. Based on the distribution chart, The North West Co ranks #71 out of 306 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, The North West Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The North West Co's ROE % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, The North West Co ranks #71 out of 306 companies for ROE %. This places The North West Co in the top 23% of its industry — outperforming the majority of peers. The industry median ROE % is 8.53. The North West Co's value of 13.59% is 59.3% above this benchmark. Historically, The North West Co's own ROE % has ranged from 17.75 to 30.90 over the past decade. While the company's 10-year median is 20.43 vs. the industry median of 8.53, The North West Co 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 a Retail - Defensive company?
The median ROE % among Retail - Defensive companies is 8.53, based on 306 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. The North West Co's current ROE % of 13.59% is 59.3% 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 The North West Co and its competitors. For the Retail - Defensive industry, the median ROE % is 8.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The North West Co's current ROE % is 13.59%, which is 33% below median its own 10-year median of 20.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The North West Co stock overvalued right now?
Based on GuruFocus' analysis, The North West Co (TSX:NWC) is currently considered Fairly Valued. The stock's GF Value™ is C$47.35, compared to a current price of C$50.15 — trading 5.9% above its estimated fair value. The current ROE % is 13.59%, which is 33% below median its 10-year median of 20.43 and 59.3% above the Retail - Defensive industry median of 8.53. The North West Co's overall GF Score™ is 80/100 with 3 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 The North West Co (TSX:NWC), the current ROE % is 13.59% as of Apr. 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 The North West Co (TSX:NWC) Overvalued in 2026?

Based on GuruFocus' analysis, The North West Co stock appears to be overvalued. The current stock price of C$50.15 is trading 5.9% above its estimated GF Value™ of C$47.35. GuruFocus considers The North West Co to be Fairly Valued.

Key valuation signals for TSX:NWC:

  • ROE %: 13.59% (33% below median its 10-year median of 20.43)
  • GF Value™: C$47.35 vs. price of C$50.15 (5.9% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 59.3% above the Retail - Defensive median (#71 of 306)

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


The North West Co Business Description

Other Exchanges NNWWF:USA3NW:Germany
Address 77 Main Street, Gibraltar House, Winnipeg, MB, CAN, R3C 2R1
The North West Co Inc is a retailer to rural and remote communities and underserved urban neighbourhood markets in Northern Canada, Western Canada, rural Alaska, the South Pacific islands, and the Caribbean. The Company offers a broad Multiple products and services with an emphasis on food, focusing on everyday household and local lifestyle needs. It operates as a retailer of food and everyday products and services through two geographical segments: Canadian and International. The Canadian segment generates maximum revenue and consists of subsidiaries operating retail stores and complementary businesses serving northern Canada, while the International segment consists of subsidiaries operating in the continental United States, the Caribbean, and the South Pacific.
80GF Score

Get the complete analysis for TSX:NWC

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

C$50.15
Price
C$47.35
GF Value