Bega Cheese (ASX:BGA) ROCE %: 10.81% (As of Dec. 2025)

What is Bega Cheese ROCE %?

Bega Cheese ASX:BGA +3.21% 75 ROCE % is 10.81% as of Dec. 2025. GuruFocus rates ASX:BGA with a GF Score™ of 75/100 and a GF Value™ of A$4.83 (Modestly Overvalued). The stock has 4 warning signs investors should review.

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. Bega Cheese's annualized ROCE % for the quarter that ended in Dec. 2025 was 10.81%.

Bega Cheese (ASX:BGA) 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.

Bega Cheese ROCE % Related Terms

Bega Cheese ROCE % Historical Data

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The historical data trend for Bega Cheese'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.

Bega Cheese ROCE % Chart

Bega Cheese Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROCE %

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7.24

2.38

-14.74

4.38

1.19

Bega Cheese Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROCE %	Get a 7-Day Free Trial															5.82	2.66	7.86	-5.54	10.81

75GF Score

Bega Cheese Ltd ASX:BGA

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Bega Cheese ROCE % Calculation

Bega Cheese's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	17	/	( ( (2138.8 - 707.5)	+	(2040.7 - 615.4) )	/ 2 )
	=	17	/	( (1431.3	+	1425.3)	/ 2 )
	=	17	/	1428.3
	=	1.19 %

Bega Cheese's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	158	/	( ( (2040.7 - 615.4)	+	(2186.8 - 688.5) )	/ 2 )
	=	158	/	( ( 1425.3	+	1498.3 )	/ 2 )
	=	158	/	1461.8
	=	10.81 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 10.81% mean?

Bega Cheese (ASX:BGA) has a ROCE % of 10.81% as of Dec. 2025.

Is Bega Cheese's ROCE % too high?

Bega Cheese's current ROCE % is 10.81%. The Consumer Packaged Goods industry median ROCE % is 8.78. Bega Cheese's value of 10.81% is 23.2% above this industry median. Overall, Bega Cheese has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Bega Cheese's ROCE % compare to KHC and GIS?

Bega Cheese's ROCE % of 10.81% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROCE % is 8.78. Bega Cheese's value of 10.81% is 23.2% 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 Consumer Packaged Goods company?

The median ROCE % among Consumer Packaged Goods companies is 8.78, based on 1,938 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. Bega Cheese's current ROCE % of 10.81% is 23.2% 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 Consumer Packaged Goods industry, the median ROCE % is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bega Cheese's current ROCE % is 10.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bega Cheese stock overvalued right now?

Based on GuruFocus' analysis, Bega Cheese (ASX:BGA) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.83, compared to a current price of A$5.79 — trading 19.9% above its estimated fair value. The current ROCE % is 10.81% and 23.2% above the Consumer Packaged Goods industry median of 8.78. Bega Cheese's overall GF Score™ is 75/100 with 4 warning signs to review. 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 Bega Cheese (ASX:BGA), the current ROCE % is 10.81% as of Dec. 2025. 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 Bega Cheese (ASX:BGA) Overvalued in 2026?

Based on GuruFocus' analysis, Bega Cheese stock appears to be overvalued. The current stock price of A$5.79 is trading 19.9% above its estimated GF Value™ of A$4.83. GuruFocus considers Bega Cheese to be Modestly Overvalued.

Key valuation signals for ASX:BGA:

ROCE %: 10.81%
GF Value™: A$4.83 vs. price of A$5.79 (19.9% above fair value)
GF Score™: 75/100 with 4 warning signs
Industry Position: 23.2% above the Consumer Packaged Goods median

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

Bega Cheese Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies ASX:CBO ASX:RIC ASX:SHV ASX:BXN ASX:CLV ASX:SEA ASX:BUB ASX:BIO ASX:MBH ASX:HCT XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 SHSE:603288 NSE:NESTLEIND KHC SHSE:600887 SZSE:300999 GIS

Other Exchanges BGCHY:USA B6G:Germany

Address 23 Ridge Street, Bega, NSW, AUS, 2550

Website https://www.begagroup.com.au

Bega Group is an Australia-based dairy processor and food manufacturer of well-known brands including Bega Cheese and Vegemite. Bega operates two segments: The branded segment produces consumer packaged goods primarily sold through the supermarket and foodservice channels, while the bulk segment produces commodity dairy ingredients primarily sold through the business-to-business channel.

75GF Score

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

A$5.79

Price

A$4.83

GF Value

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