NOA PE Ratio & Valuation,Is NOA Overvalued

NOA Relative Valuation

NOA's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NOA is overvalued; if below, it's undervalued.

Historical Valuation

North American Construction Group Ltd (NOA) is now in the Undervalued zone, suggesting that its current forward PE ratio of 5.96 is considered Undervalued compared with the five-year average of 7.48. The fair price of North American Construction Group Ltd (NOA) is between 14.11 to 19.78 according to relative valuation methord. Compared to the current price of 13.74 USD , North American Construction Group Ltd is Undervalued By 2.66%.

Relative Value

Fair Zone

14.11-19.78

Current Price：13.74

2.66%

Undervalued

5.95

3.30

EV/EBITDA

North American Construction Group Ltd. (NOA) has a current EV/EBITDA of 3.30. The 5-year average EV/EBITDA is 3.60. The thresholds are as follows: Strongly Undervalued below 2.59, Undervalued between 2.59 and 3.09, Fairly Valued between 4.10 and 3.09, Overvalued between 4.10 and 4.60, and Strongly Overvalued above 4.60. The current Forward EV/EBITDA of 3.30 falls within the Historic Trend Line -Fairly Valued range.

8.17

EV/EBIT

North American Construction Group Ltd. (NOA) has a current EV/EBIT of 8.17. The 5-year average EV/EBIT is 8.97. The thresholds are as follows: Strongly Undervalued below 5.10, Undervalued between 5.10 and 7.04, Fairly Valued between 10.91 and 7.04, Overvalued between 10.91 and 12.85, and Strongly Overvalued above 12.85. The current Forward EV/EBIT of 8.17 falls within the Historic Trend Line -Fairly Valued range.

0.40

North American Construction Group Ltd. (NOA) has a current PS of 0.40. The 5-year average PS is 0.61. The thresholds are as follows: Strongly Undervalued below 0.39, Undervalued between 0.39 and 0.50, Fairly Valued between 0.72 and 0.50, Overvalued between 0.72 and 0.83, and Strongly Overvalued above 0.83. The current Forward PS of 0.40 falls within the Undervalued range.

1.77

P/OCF

North American Construction Group Ltd. (NOA) has a current P/OCF of 1.77. The 5-year average P/OCF is 2.28. The thresholds are as follows: Strongly Undervalued below 1.45, Undervalued between 1.45 and 1.86, Fairly Valued between 2.70 and 1.86, Overvalued between 2.70 and 3.11, and Strongly Overvalued above 3.11. The current Forward P/OCF of 1.77 falls within the Undervalued range.

7.40

P/FCF

North American Construction Group Ltd. (NOA) has a current P/FCF of 7.40. The 5-year average P/FCF is 6.08. The thresholds are as follows: Strongly Undervalued below -6.54, Undervalued between -6.54 and -0.23, Fairly Valued between 12.39 and -0.23, Overvalued between 12.39 and 18.70, and Strongly Overvalued above 18.70. The current Forward P/FCF of 7.40 falls within the Historic Trend Line -Fairly Valued range.

North American Construction Group Ltd (NOA) has a current Price-to-Book (P/B) ratio of 1.15. Compared to its 3-year average P/B ratio of 1.87 , the current P/B ratio is approximately -38.57% higher. Relative to its 5-year average P/B ratio of 1.82, the current P/B ratio is about -36.99% higher. North American Construction Group Ltd (NOA) has a Forward Free Cash Flow (FCF) yield of approximately -1.00%. Compared to its 3-year average FCF yield of 1.86%, the current FCF yield is approximately -153.55% lower. Relative to its 5-year average FCF yield of 4.63% , the current FCF yield is about -121.54% lower.

1.15

P/B

Median3y

1.87

Median5y

1.82

-1.00

FCF Yield

Median3y

1.86

Median5y

4.63

Competitors Valuation Multiple

The average P/S ratio for NOA's competitors is 9.91, providing a benchmark for relative valuation. North American Construction Group Ltd Corp (NOA) exhibits a P/S ratio of 0.40, which is -95.97% above the industry average. Given its robust revenue growth of 10.59%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of NOA decreased by 36.42% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 286.86M to 317.25M.

The secondary factor is the Margin Expansion, contributed 7.92%to the performance.

Overall, the performance of NOA in the past 1 year is driven by Revenue Growth. Which is more sustainable.

10.59%

286.86M → 317.25M

Revenue Growth

7.92%

5.05 → 5.45

Margin Expansion

-54.93%

33.30 → 15.01

P/E Change

-36.42%

21.61 → 13.74

Mkt Cap Growth

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Frequently Asked Questions

Is North American Construction Group Ltd (NOA) currently overvalued or undervalued?

What is North American Construction Group Ltd (NOA) fair value?

NOA's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of North American Construction Group Ltd (NOA) is between 14.11 to 19.78 according to relative valuation methord.

How does NOA's valuation metrics compare to the industry average?

What is the current P/B ratio for North American Construction Group Ltd (NOA) as of Dec 15 2025?

As of Dec 15 2025, North American Construction Group Ltd (NOA) has a P/B ratio of 1.15. This indicates that the market values NOA at 1.15 times its book value.

What is the current FCF Yield for North American Construction Group Ltd (NOA) as of Dec 15 2025?

As of Dec 15 2025, North American Construction Group Ltd (NOA) has a FCF Yield of -1.00%. This means that for every dollar of North American Construction Group Ltd’s market capitalization, the company generates -1.00 cents in free cash flow.

What is the current Forward P/E ratio for North American Construction Group Ltd (NOA) as of Dec 15 2025?

As of Dec 15 2025, North American Construction Group Ltd (NOA) has a Forward P/E ratio of 5.96. This means the market is willing to pay $5.96 for every dollar of North American Construction Group Ltd’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for North American Construction Group Ltd (NOA) as of Dec 15 2025?

As of Dec 15 2025, North American Construction Group Ltd (NOA) has a Forward P/S ratio of 0.40. This means the market is valuing NOA at $0.40 for every dollar of expected revenue over the next 12 months.

NOA Valuation