Vulcan Steel (ASX:VSL) ROCE %: 7.62% (As of Dec. 2025)


ASX:VSL Vulcan Steel Ltd ASX:VSL
60 GF Score
Price A$5.01
GF Value A$6.22
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Vulcan Steel ROCE %?

Vulcan Steel ASX:VSL -0.60% 60 ROCE % is 7.62% as of Dec. 2025. GuruFocus rates ASX:VSL with a GF Score™ of 60/100 and a GF Value™ of A$6.22 (Modestly Undervalued). The stock has 5 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. Vulcan Steel's annualized ROCE % for the quarter that ended in Dec. 2025 was 7.62%.

Vulcan Steel  (ASX:VSL) 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.

Vulcan Steel ROCE % Related Terms

Vulcan Steel ROCE % Historical Data

* Premium members only.

The historical data trend for Vulcan Steel'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.

Vulcan Steel ROCE % Chart

Vulcan Steel Annual Data
Trend Jun22 Jun23 Jun24 Jun25
ROCE %
31.75 21.15 10.68 5.73

Vulcan Steel Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only 15.44 6.21 8.99 2.54 7.62
ASX:VSL
60GF Score
Vulcan Steel Ltd ASX:VSL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vulcan Steel ROCE % Calculation

Vulcan Steel'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 )
=37.733/( ( (837.99 - 156.61) + (795.959 - 160.686) )/ 2 )
=37.733/( (681.38+635.273)/ 2 )
=37.733/658.3265
=5.73 %

Vulcan Steel'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 )
=52.24/( ( (795.959 - 160.686) + (937.748 - 201.293) )/ 2 )
=52.24/( ( 635.273 + 736.455 )/ 2 )
=52.24/685.864
=7.62 %

(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 7.62% mean?
Vulcan Steel (ASX:VSL) has a ROCE % of 7.62% as of Dec. 2025.
Is Vulcan Steel's ROCE % too high?
Vulcan Steel's current ROCE % is 7.62%. The Steel industry median ROCE % is 5.61. Vulcan Steel's value of 7.62% is 35.8% above this industry median. Overall, Vulcan Steel has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's ROCE % compare to NUE and STLD?
Vulcan Steel's ROCE % of 7.62% can be compared against companies in the Steel industry. The industry median ROCE % is 5.61. Vulcan Steel's value of 7.62% is 35.8% 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 Steel company?
The median ROCE % among Steel companies is 5.61, based on 625 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. Vulcan Steel's current ROCE % of 7.62% is 35.8% 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 Steel industry, the median ROCE % is 5.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current ROCE % is 7.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.22, compared to a current price of A$5.01 — trading 19.5% below its estimated fair value. The current ROCE % is 7.62% and 35.8% above the Steel industry median of 5.61. Vulcan Steel's overall GF Score™ is 60/100 with 5 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 Vulcan Steel (ASX:VSL), the current ROCE % is 7.62% 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 Vulcan Steel (ASX:VSL) Overvalued in 2026?

Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued. The current stock price of A$5.01 is trading 19.5% below its estimated GF Value™ of A$6.22. GuruFocus considers Vulcan Steel to be Modestly Undervalued.

Key valuation signals for ASX:VSL:

  • ROCE %: 7.62%
  • GF Value™: A$6.22 vs. price of A$5.01 (19.5% below fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 35.8% above the Steel median

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

Vulcan Steel Business Description

Other Exchanges VSL:New Zealand
Address 29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
60GF Score

Get the complete analysis for ASX:VSL

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

A$5.01
Price
A$6.22
GF Value