Qualitas (ASX:QAL) ROCE %: 14.71% (As of Dec. 2025)


ASX:QAL Qualitas Ltd ASX:QAL
63 GF Score
Price A$2.93
GF Value A$3.18
Valuation Fairly Valued
! 2 Warning Signs
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What is Qualitas ROCE %?

Qualitas ASX:QAL +2.09% 63 ROCE % is 14.71% as of Dec. 2025. GuruFocus rates ASX:QAL with a GF Score™ of 63/100 and a GF Value™ of A$3.18 (Fairly Valued). 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. Qualitas's annualized ROCE % for the quarter that ended in Dec. 2025 was 14.71%.

Qualitas  (ASX:QAL) 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.

Qualitas ROCE % Related Terms

Qualitas ROCE % Historical Data

* Premium members only.

The historical data trend for Qualitas'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.

Qualitas ROCE % Chart

Qualitas Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
ROCE %
0.00 4.05 9.99 15.58 13.72

Qualitas Semi-Annual Data
Jun21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only 15.87 15.74 16.48 12.43 14.71
ASX:QAL
63GF Score
Qualitas Ltd ASX:QAL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Qualitas ROCE % Calculation

Qualitas'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 )
=55.504/( ( (708.132 - 334.793) + (481.745 - 45.85) )/ 2 )
=55.504/( (373.339+435.895)/ 2 )
=55.504/404.617
=13.72 %

Qualitas'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 )
=60.35/( ( (481.745 - 45.85) + (473.343 - 88.547) )/ 2 )
=60.35/( ( 435.895 + 384.796 )/ 2 )
=60.35/410.3455
=14.71 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) 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 14.71% mean?
Qualitas (ASX:QAL) has a ROCE % of 14.71% as of Dec. 2025.
Is Qualitas' ROCE % too high?
Qualitas' current ROCE % is 14.71%. The Asset Management industry median ROCE % is 4.46. Qualitas' value of 14.71% is 229.8% above this industry median. Overall, Qualitas has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qualitas' ROCE % compare to BLK and BX?
Qualitas' ROCE % of 14.71% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.46. Qualitas' value of 14.71% is 229.8% 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 an Asset Management company?
The median ROCE % among Asset Management companies is 4.46, based on 707 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. Qualitas's current ROCE % of 14.71% is 229.8% 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 Asset Management industry, the median ROCE % is 4.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualitas's current ROCE % is 14.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitas stock overvalued right now?
Based on GuruFocus' analysis, Qualitas (ASX:QAL) is currently considered Fairly Valued. The stock's GF Value™ is A$3.18, compared to a current price of A$2.93 — trading 7.9% below its estimated fair value. The current ROCE % is 14.71% and 229.8% above the Asset Management industry median of 4.46. Qualitas' overall GF Score™ is 63/100 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 Qualitas (ASX:QAL), the current ROCE % is 14.71% 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 Qualitas (ASX:QAL) Overvalued in 2026?

Based on GuruFocus' analysis, Qualitas stock appears to be undervalued. The current stock price of A$2.93 is trading 7.9% below its estimated GF Value™ of A$3.18. GuruFocus considers Qualitas to be Fairly Valued.

Key valuation signals for ASX:QAL:

  • ROCE %: 14.71%
  • GF Value™: A$3.18 vs. price of A$2.93 (7.9% below fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 229.8% above the Asset Management median

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

Qualitas Business Description

Address 120 Collins Street, Level 38, Melbourne, VIC, AUS, 3000
Qualitas Ltd is an alternative real estate investment manager focused on private credit and equity across commercial real estate sectors. The Group has identified two operating segments Funds Management and Direct Lending. Maximum revenue is generated from its Funds Management segment which includes all of its core Funds management activities and includes Funds management fees, performance fees, and other fee income. It also includes dividends and distributions from Qualitas' Investment and Direct Lending activities. The Direct Lending segment relates to the interest income and expenses relating to activities undertaken by the company's subsidiaries.
63GF Score

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

A$2.93
Price
A$3.18
GF Value