Coca-Cola HBC AG (ATH:EEE) ROCE %: 20.15% (As of Dec. 2025)


ATH:EEE Coca-Cola HBC AG ATH:EEE
96 GF Score
Price €53.50
GF Value €38.50
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Coca-Cola HBC AG ROCE %?

Coca-Cola HBC AG ATH:EEE +1.71% 96 ROCE % is 20.15% as of Dec. 2025. GuruFocus rates ATH:EEE with a GF Score™ of 96/100 and a GF Value™ of €38.50 (Significantly Overvalued). The stock has 4 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. Coca-Cola HBC AG's annualized ROCE % for the quarter that ended in Dec. 2025 was 20.15%.

Coca-Cola HBC AG  (ATH:EEE) 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.

Coca-Cola HBC AG ROCE % Related Terms

Coca-Cola HBC AG ROCE % Historical Data

* Premium members only.

The historical data trend for Coca-Cola HBC AG'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.

Coca-Cola HBC AG ROCE % Chart

Coca-Cola HBC AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.89 10.92 15.47 19.55 20.19

Coca-Cola HBC AG 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.58 18.57 20.37 20.64 20.15
ATH:EEE
96GF Score
Coca-Cola HBC AG ATH:EEE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Coca-Cola HBC AG ROCE % Calculation

Coca-Cola HBC AG'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 )
=1433.2/( ( (10653.7 - 3907.8) + (11599.3 - 4148.8) )/ 2 )
=1433.2/( (6745.9+7450.5)/ 2 )
=1433.2/7098.2
=20.19 %

Coca-Cola HBC AG'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 )
=1451.8/( ( (11879 - 4917.4) + (11599.3 - 4148.8) )/ 2 )
=1451.8/( ( 6961.6 + 7450.5 )/ 2 )
=1451.8/7206.05
=20.15 %

(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 20.15% mean?
Coca-Cola HBC AG (ATH:EEE) has a ROCE % of 20.15% as of Dec. 2025.
Is Coca-Cola HBC AG's ROCE % too high?
Coca-Cola HBC AG's current ROCE % is 20.15%. The Beverages - Non-Alcoholic industry median ROCE % is 12.40. Coca-Cola HBC AG's value of 20.15% is 62.6% above this industry median. Overall, Coca-Cola HBC AG has a GF Score™ of 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola HBC AG's ROCE % compare to KO and PEP?
Coca-Cola HBC AG's ROCE % of 20.15% can be compared against companies in the Beverages - Non-Alcoholic industry. The industry median ROCE % is 12.40. Coca-Cola HBC AG's value of 20.15% is 62.6% 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 Beverages - Non-Alcoholic company?
The median ROCE % among Beverages - Non-Alcoholic companies is 12.40, based on 114 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. Coca-Cola HBC AG's current ROCE % of 20.15% is 62.6% 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 Beverages - Non-Alcoholic industry, the median ROCE % is 12.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola HBC AG's current ROCE % is 20.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola HBC AG stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola HBC AG (ATH:EEE) is currently considered Significantly Overvalued. The stock's GF Value™ is €38.50, compared to a current price of €53.50 — trading 39% above its estimated fair value. The current ROCE % is 20.15% and 62.6% above the Beverages - Non-Alcoholic industry median of 12.40. Coca-Cola HBC AG's overall GF Score™ is 96/100 with 4 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 Coca-Cola HBC AG (ATH:EEE), the current ROCE % is 20.15% 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 Coca-Cola HBC AG (ATH:EEE) Overvalued in 2026?

Based on GuruFocus' analysis, Coca-Cola HBC AG stock appears to be overvalued. The current stock price of €53.50 is trading 39% above its estimated GF Value™ of €38.50. GuruFocus considers Coca-Cola HBC AG to be Significantly Overvalued.

Key valuation signals for ATH:EEE:

  • ROCE %: 20.15%
  • GF Value™: €38.50 vs. price of €53.50 (39% above fair value)
  • GF Score™: 96/100 with 4 warning signs
  • Industry Position: 62.6% above the Beverages - Non-Alcoholic median

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

Coca-Cola HBC AG Business Description

Address Turmstrasse 26, Steinhausen, CHE, CH-6312
Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2025, CCHBC sold 2.9 billion unit cases of beverages. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.
96GF Score

Get the complete analysis for ATH:EEE

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

€53.50
Price
€38.50
GF Value