Macquarie Group (ASX:MQG) ROCE %: 6.77% (As of Mar. 2026)

What is Macquarie Group ROCE %?

Macquarie Group ASX:MQG -0.25% 77 ROCE % is 6.77% as of Mar. 2026. GuruFocus rates ASX:MQG with a GF Score™ of 77/100 and a GF Value™ of A$309.25 (Modestly Undervalued). The stock has 9 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. Macquarie Group's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.77%.

Macquarie Group (ASX:MQG) 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.

Macquarie Group ROCE % Related Terms

Macquarie Group ROCE % Historical Data

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The historical data trend for Macquarie Group'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.

Macquarie Group ROCE % Chart

Macquarie Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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11.11

8.48

5.87

5.73

5.20

Macquarie Group Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
ROCE %	Get a 7-Day Free Trial															7.44	7.10	6.79	6.35	6.77

77GF Score

Macquarie Group Ltd ASX:MQG

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Macquarie Group ROCE % Calculation

Macquarie Group's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	21376	/	( ( (445221 - 75082)	+	(540101 - 87968) )	/ 2 )
	=	21376	/	( (370139	+	452133)	/ 2 )
	=	21376	/	411136
	=	5.20 %

Macquarie Group'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: Sep. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Sep. 2025 )		(Q: Mar. 2026 )
	=	23408	/	( ( (484216 - 244892)	+	(540101 - 87968) )	/ 2 )
	=	23408	/	( ( 239324	+	452133 )	/ 2 )
	=	23408	/	345728.5
	=	6.77 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 6.77% mean?

Macquarie Group (ASX:MQG) has a ROCE % of 6.77% as of Mar. 2026.

Is Macquarie Group's ROCE % too high?

Macquarie Group's current ROCE % is 6.77%. The Capital Markets industry median ROCE % is 5.58. Macquarie Group's value of 6.77% is 21.4% above this industry median. Overall, Macquarie Group has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Macquarie Group's ROCE % compare to MS and GS?

Macquarie Group's ROCE % of 6.77% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. Macquarie Group's value of 6.77% is 21.4% 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 Capital Markets company?

The median ROCE % among Capital Markets companies is 5.58, based on 690 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. Macquarie Group's current ROCE % of 6.77% is 21.4% 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 Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macquarie Group's current ROCE % is 6.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Macquarie Group stock overvalued right now?

Based on GuruFocus' analysis, Macquarie Group (ASX:MQG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$309.25, compared to a current price of A$249.36 — trading 19.4% below its estimated fair value. The current ROCE % is 6.77% and 21.4% above the Capital Markets industry median of 5.58. Macquarie Group's overall GF Score™ is 77/100 with 9 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 Macquarie Group (ASX:MQG), the current ROCE % is 6.77% 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 Macquarie Group (ASX:MQG) Overvalued in 2026?

Based on GuruFocus' analysis, Macquarie Group stock appears to be undervalued. The current stock price of A$249.36 is trading 19.4% below its estimated GF Value™ of A$309.25. GuruFocus considers Macquarie Group to be Modestly Undervalued.

Key valuation signals for ASX:MQG:

ROCE %: 6.77%
GF Value™: A$309.25 vs. price of A$249.36 (19.4% below fair value)
GF Score™: 77/100 with 9 warning signs
Industry Position: 21.4% above the Capital Markets median

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

Macquarie Group Business Description

Industry Financial Services Capital Markets

Comparable Companies ASX:CPU ASX:SOL ASX:HUB ASX:BFG ASX:PPS ASX:COG ASX:OFX ASX:AEG ASX:AFA ASX:ABE MS GS SCHW HOOD SHSE:600030 BSP:BPAC3 SZSE:300059 IBKR SHSE:601211 CRCL

Other Exchanges MQBKY:USA MCQEF:USA 4M4:Germany MQGPF.PFD:Australia MQGPE.PFD:Australia MQGPD.PFD:Australia MQGPC.PFD:Australia

Address 1 Elizabeth Street, Level 1, Sydney, NSW, AUS, 2000

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

Macquarie Group began trading in 1969 as Hill Samuel Australia, obtained its bank licence in 1985, and listed in 1996. It's Australia's only sizable listed investment bank, now internationally diversified, operating in asset management, banking and wealth, risk and capital solutions, and advisory.

77GF Score

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A$249.36

Price

A$309.25

GF Value

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