ADDDF (adidas AG) ROCE %: 25.26% (As of Mar. 2026)


ADDDF adidas AG ADDDF
86 GF Score
Price $196.88
GF Value $239.20
Valuation Modestly Undervalued
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What is adidas AG ROCE %?

adidas AG ADDDF +2.86% 86 ROCE % is 25.26% as of Mar. 2026. GuruFocus rates ADDDF with a GF Score™ of 86/100 and a GF Value™ of $239.20 (Modestly Undervalued).

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. adidas AG's annualized ROCE % for the quarter that ended in Mar. 2026 was 25.26%.

adidas AG  (OTCPK:ADDDF) 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.

adidas AG ROCE % Related Terms

adidas AG ROCE % Historical Data

* Premium members only.

The historical data trend for adidas AG'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.

adidas AG ROCE % Chart

adidas AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.91 4.19 2.17 12.51 19.45

adidas AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 23.56 21.16 28.00 6.59 25.26
ADDDF
86GF Score
adidas AG ADDDF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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adidas AG ROCE % Calculation

adidas AG's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=2398.126/( ( (21628.272 - 10045.026) + (23725.995 - 10648.712) )/ 2 )
=2398.126/( (11583.246+13077.283)/ 2 )
=2398.126/12330.2645
=19.45 %

adidas AG's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=3310.984/( ( (23725.995 - 10648.712) + (23646.243 - 10506.358) )/ 2 )
=3310.984/( ( 13077.283 + 13139.885 )/ 2 )
=3310.984/13108.584
=25.26 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 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 25.26% mean?
adidas AG (ADDDF) has a ROCE % of 25.26% as of Mar. 2026.
Is adidas AG's ROCE % too high?
adidas AG's current ROCE % is 25.26%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.21. adidas AG's value of 25.26% is 306.8% above this industry median. Overall, adidas AG has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does adidas AG's ROCE % compare to NKE and DECK?
adidas AG's ROCE % of 25.26% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.21. adidas AG's value of 25.26% is 306.8% 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 a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.21, based on 1,041 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. adidas AG's current ROCE % of 25.26% is 306.8% 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 Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. adidas AG's current ROCE % is 25.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is adidas AG stock overvalued right now?
Based on GuruFocus' analysis, adidas AG (ADDDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $239.20, compared to a current price of $196.88 — trading 17.7% below its estimated fair value. The current ROCE % is 25.26% and 306.8% above the Manufacturing - Apparel & Accessories industry median of 6.21. adidas AG's overall GF Score™ is 86/100. 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 adidas AG (ADDDF), the current ROCE % is 25.26% 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 adidas AG (ADDDF) Overvalued in 2026?

Based on GuruFocus' analysis, adidas AG stock appears to be undervalued. The current stock price of $196.88 is trading 17.7% below its estimated GF Value™ of $239.20. GuruFocus considers adidas AG to be Modestly Undervalued.

Key valuation signals for ADDDF:

  • ROCE %: 25.26%
  • GF Value™: $239.20 vs. price of $196.88 (17.7% below fair value)
  • GF Score™: 86/100
  • Industry Position: 306.8% above the Manufacturing - Apparel & Accessories median

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

adidas AG Business Description

Address Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through about 2,000 owned retail stores, 15,000 Adidas-branded franchise stores (including about 8,000 in China), 150,000 wholesale doors, and an owned e-commerce site that is available in 67 countries. The company was founded in 1949 in Germany.
86GF Score

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

$196.88
Price
$239.20
GF Value