Objective (ASX:OCL) ROCE %: 36.97% (As of Dec. 2025)

What is Objective ROCE %?

Objective ASX:OCL +2.08% 98 ROCE % is 36.97% as of Dec. 2025. GuruFocus rates ASX:OCL with a GF Score™ of 98/100 and a GF Value™ of A$16.50 (Significantly Undervalued). The stock has 2 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. Objective's annualized ROCE % for the quarter that ended in Dec. 2025 was 36.97%.

Objective (ASX:OCL) 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.

Objective ROCE % Related Terms

Objective ROCE % Historical Data

* Premium members only.

The historical data trend for Objective'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.

Objective ROCE % Chart

Objective Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROCE %

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39.30

37.45

28.11

39.87

36.89

Objective 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															44.91	37.83	37.23	37.62	36.97

98GF Score

Objective Corp Ltd ASX:OCL

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

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Objective ROCE % Calculation

Objective'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 )
	=	41.388	/	( ( (172.898 - 68.144)	+	(193.964 - 74.315) )	/ 2 )
	=	41.388	/	( (104.754	+	119.649)	/ 2 )
	=	41.388	/	112.2015
	=	36.89 %

Objective'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 )
	=	45.32	/	( ( (193.964 - 74.315)	+	(198.044 - 72.497) )	/ 2 )
	=	45.32	/	( ( 119.649	+	125.547 )	/ 2 )
	=	45.32	/	122.598
	=	36.97 %

(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 36.97% mean?

Objective (ASX:OCL) has a ROCE % of 36.97% as of Dec. 2025.

Is Objective's ROCE % too high?

Objective's current ROCE % is 36.97%. The Software industry median ROCE % is 5.28. Objective's value of 36.97% is 600.2% above this industry median. Overall, Objective has a GF Score™ of 98/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Objective's ROCE % compare to CRM and SHOP?

Objective's ROCE % of 36.97% can be compared against companies in the Software industry. The industry median ROCE % is 5.28. Objective's value of 36.97% is 600.2% 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 Software company?

The median ROCE % among Software companies is 5.28, based on 2,711 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. Objective's current ROCE % of 36.97% is 600.2% 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 Software industry, the median ROCE % is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Objective's current ROCE % is 36.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Objective stock overvalued right now?

Based on GuruFocus' analysis, Objective (ASX:OCL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$16.50, compared to a current price of A$10.33 — trading 37.4% below its estimated fair value. The current ROCE % is 36.97% and 600.2% above the Software industry median of 5.28. Objective's overall GF Score™ is 98/100 with 2 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 Objective (ASX:OCL), the current ROCE % is 36.97% 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 Objective (ASX:OCL) Overvalued in 2026?

Based on GuruFocus' analysis, Objective stock appears to be undervalued. The current stock price of A$10.33 is trading 37.4% below its estimated GF Value™ of A$16.50. GuruFocus considers Objective to be Significantly Undervalued.

Key valuation signals for ASX:OCL:

ROCE %: 36.97%
GF Value™: A$16.50 vs. price of A$10.33 (37.4% below fair value)
GF Score™: 98/100 with 2 warning signs
Industry Position: 600.2% above the Software median

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

Objective Business Description

Industry Technology Software

Comparable Companies ASX:SDR ASX:BVS ASX:HSN ASX:IRE ASX:C79 ASX:NXL ASX:EOL ASX:RDY ASX:PXA ASX:KLV XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW

Address 177 Pacific Highway, Level 30, North Sydney, Sydney, NSW, AUS, 2060

Website https://www.objective.com

Objective is a founder-led technology company providing software and services for compliance with government regulations. Objective's primary business is its content management software for the Australian public sector, which ensures government information can be gathered, located, accessed, supplemented, authored, collaborated on, signed off on, and shared in a compliant manner. Objective also offers products which encompass industry-specific applications of enterprise content management software, such as for assessing building development applications, compiling new regulations and providing ministerial briefs.

98GF Score

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A$10.33

Price

A$16.50

GF Value

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