Kinder Morgan (BSP:KMIC34) ROCE %: 8.29% (As of Mar. 2026)

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BSP:KMIC34 Kinder Morgan Inc BSP:KMIC34
69 GF Score
Price R$163.40
GF Value R$145.66
Valuation Fairly Valued
! 9 Warning Signs
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What is Kinder Morgan ROCE %?

Kinder Morgan BSP:KMIC34 69 ROCE % is 8.29% as of Mar. 2026. GuruFocus rates BSP:KMIC34 with a GF Score™ of 69/100 and a GF Value™ of R$145.66 (Fairly Valued). The stock has 9 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. Kinder Morgan's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.29%.

Kinder Morgan  (BSP:KMIC34) 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.

Kinder Morgan ROCE % Related Terms

Kinder Morgan ROCE % Historical Data

* Premium members only.

The historical data trend for Kinder Morgan'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.

Kinder Morgan ROCE % Chart

Kinder Morgan 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 7.24 6.12 6.49 7.46 6.63

Kinder Morgan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.70 6.69 6.09 8.04 8.29
BSP:KMIC34
69GF Score
Kinder Morgan Inc BSP:KMIC34
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Kinder Morgan ROCE % Calculation

Kinder Morgan'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 )
=25772.727/( ( (435654.107 - 31121.201) + (396891.264 - 23579.535) )/ 2 )
=25772.727/( (404532.906+373311.729)/ 2 )
=25772.727/388922.3175
=6.63 %

Kinder Morgan's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=30206.168/( ( (396891.264 - 23579.535) + (382137.331 - 27099.787) )/ 2 )
=30206.168/( ( 373311.729 + 355037.544 )/ 2 )
=30206.168/364174.6365
=8.29 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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 8.29% mean?
Kinder Morgan (BSP:KMIC34) has a ROCE % of 8.29% as of Mar. 2026.
Is Kinder Morgan's ROCE % too high?
Kinder Morgan's current ROCE % is 8.29%. The Oil & Gas industry median ROCE % is 6.88. Kinder Morgan's value of 8.29% is 20.5% above this industry median. Overall, Kinder Morgan has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kinder Morgan's ROCE % compare to EPD and ET?
Kinder Morgan's ROCE % of 8.29% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.88. Kinder Morgan's value of 8.29% is 20.5% 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 Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.88, based on 976 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. Kinder Morgan's current ROCE % of 8.29% is 20.5% 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 Oil & Gas industry, the median ROCE % is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinder Morgan's current ROCE % is 8.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinder Morgan stock overvalued right now?
Based on GuruFocus' analysis, Kinder Morgan (BSP:KMIC34) is currently considered Fairly Valued. The stock's GF Value™ is R$145.66, compared to a current price of R$163.40 — trading 12.2% above its estimated fair value. The current ROCE % is 8.29% and 20.5% above the Oil & Gas industry median of 6.88. Kinder Morgan's overall GF Score™ is 69/100 with 9 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 Kinder Morgan (BSP:KMIC34), the current ROCE % is 8.29% as of Mar. 2026. 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 Kinder Morgan (BSP:KMIC34) Overvalued in 2026?

Based on GuruFocus' analysis, Kinder Morgan stock appears to be overvalued. The current stock price of R$163.40 is trading 12.2% above its estimated GF Value™ of R$145.66. GuruFocus considers Kinder Morgan to be Fairly Valued.

Key valuation signals for BSP:KMIC34:

  • ROCE %: 8.29%
  • GF Value™: R$145.66 vs. price of R$163.40 (12.2% above fair value)
  • GF Score™: 69/100 with 9 warning signs
  • Industry Position: 20.5% above the Oil & Gas median

No single metric tells the full story. See the BSP:KMIC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kinder Morgan Business Description

Industry EnergyOil & Gas
Address 1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002
Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers. It is principally involved in the gathering, storage, and transmission of natural gas across the continental United States. It also operates distribution centers for refined products along with the largest fleet of Jones Act-compliant tankers.
69GF Score

Get the complete analysis for BSP:KMIC34

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

R$163.40
Price
R$145.66
GF Value