NZME (ASX:NZM) ROCE %: 18.78% (As of Dec. 2025)

What is NZME ROCE %?

NZME ASX:NZM -2.76% 53 ROCE % is 18.78% as of Dec. 2025. GuruFocus rates ASX:NZM with a GF Score™ of 53/100 and a GF Value™ of A$0.88 (Fairly Valued). The stock has 11 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. NZME's annualized ROCE % for the quarter that ended in Dec. 2025 was 18.78%.

NZME (ASX:NZM) 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.

NZME ROCE % Related Terms

NZME ROCE % Historical Data

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The historical data trend for NZME'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.

NZME ROCE % Chart

NZME Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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17.25

13.29

8.86

-4.32

11.01

NZME 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															12.34	5.70	-14.72	3.39	18.78

53GF Score

NZME Ltd ASX:NZM

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

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NZME ROCE % Calculation

NZME'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 )
	=	18.417	/	( ( (231.01 - 52.692)	+	(208.02 - 51.828) )	/ 2 )
	=	18.417	/	( (178.318	+	156.192)	/ 2 )
	=	18.417	/	167.255
	=	11.01 %

NZME'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 )
	=	31.196	/	( ( (230.332 - 54.338)	+	(208.02 - 51.828) )	/ 2 )
	=	31.196	/	( ( 175.994	+	156.192 )	/ 2 )
	=	31.196	/	166.093
	=	18.78 %

(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 18.78% mean?

NZME (ASX:NZM) has a ROCE % of 18.78% as of Dec. 2025.

Is NZME's ROCE % too high?

NZME's current ROCE % is 18.78%. The Media - Diversified industry median ROCE % is 3.10. NZME's value of 18.78% is 505.8% above this industry median. Overall, NZME has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does NZME's ROCE % compare to NFLX and DIS?

NZME's ROCE % of 18.78% can be compared against companies in the Media - Diversified industry. The industry median ROCE % is 3.10. NZME's value of 18.78% is 505.8% 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 Media - Diversified company?

The median ROCE % among Media - Diversified companies is 3.10, based on 988 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. NZME's current ROCE % of 18.78% is 505.8% 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 Media - Diversified industry, the median ROCE % is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NZME's current ROCE % is 18.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NZME stock overvalued right now?

Based on GuruFocus' analysis, NZME (ASX:NZM) is currently considered Fairly Valued. The stock's GF Value™ is A$0.88, compared to a current price of A$0.88 — trading right at its estimated fair value. The current ROCE % is 18.78% and 505.8% above the Media - Diversified industry median of 3.10. NZME's overall GF Score™ is 53/100 with 11 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 NZME (ASX:NZM), the current ROCE % is 18.78% 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 NZME (ASX:NZM) Overvalued in 2026?

Based on GuruFocus' analysis, NZME stock appears to be undervalued. The current stock price of A$0.88 is trading 0% below its estimated GF Value™ of A$0.88. GuruFocus considers NZME to be Fairly Valued.

Key valuation signals for ASX:NZM:

ROCE %: 18.78%
GF Value™: A$0.88 vs. price of A$0.88 (0% below fair value)
GF Score™: 53/100 with 11 warning signs
Industry Position: 505.8% above the Media - Diversified median

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

NZME Business Description

Industry Communication Services Media - Diversified

Comparable Companies NZSE:SKT NFLX DIS WBD XAMS:UMG LYV FOXA FWONA ROKU XPAR:BOL WMG TKO NWSA PSKY SIRI LLYVA MSGS XPAR:ODET XTER:EVD TSE:9602

Other Exchanges NZM:New Zealand

Address 2 Graham Street, Auckland, NZL, 1010

Website https://www.nzme.co.nz

NZME Ltd is a New Zealand-based company. The company operates in three business segments: the Audio segment, which includes terrestrial radio stations, digital iHeartRadio, podcasts, and radio brand websites; the Publishing segment, which generates the maximum revenue and includes print publications (excluding dedicated real estate publications), digital news websites, and Business Desk; and the OneRoof segment, which comprises the OneRoof website and dedicated real estate print publications.

53GF Score

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A$0.88

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A$0.88

GF Value

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