FNCDY (Covivio) ROCE %: 4.74% (As of Dec. 2025)

What is Covivio ROCE %?

Covivio FNCDY 60 ROCE % is 4.74% as of Dec. 2025. GuruFocus rates FNCDY with a GF Score™ of 60/100 and a GF Value™ of $11.16 (Significantly Overvalued). The stock has 8 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. Covivio's annualized ROCE % for the quarter that ended in Dec. 2025 was 4.74%.

Covivio (OTCPK:FNCDY) 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.

Covivio ROCE % Related Terms

Covivio ROCE % Historical Data

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The historical data trend for Covivio'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.

Covivio ROCE % Chart

Covivio Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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6.17

5.42

-7.62

2.37

5.73

Covivio 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															-7.87	1.99	2.76	6.57	4.74

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Covivio SA FNCDY

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

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Covivio ROCE % Calculation

Covivio'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 )
	=	1435.831	/	( ( (26061.047 - 2357.068)	+	(29669.906 - 3248.829) )	/ 2 )
	=	1435.831	/	( (23703.979	+	26421.077)	/ 2 )
	=	1435.831	/	25062.528
	=	5.73 %

Covivio'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 )
	=	1230.444	/	( ( (29564.706 - 4086.736)	+	(29669.906 - 3248.829) )	/ 2 )
	=	1230.444	/	( ( 25477.97	+	26421.077 )	/ 2 )
	=	1230.444	/	25949.5235
	=	4.74 %

(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 4.74% mean?

Covivio (FNCDY) has a ROCE % of 4.74% as of Dec. 2025.

Is Covivio's ROCE % too high?

Covivio's current ROCE % is 4.74%. The REITs industry median ROCE % is 5.19. Covivio's value of 4.74% is 8.6% below this industry median. Overall, Covivio has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Covivio's ROCE % compare to VICI and WPC?

Covivio's ROCE % of 4.74% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. Covivio's value of 4.74% is 8.6% below 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 REITs company?

The median ROCE % among REITs companies is 5.19, based on 756 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. Covivio's current ROCE % of 4.74% is 8.6% below 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 REITs industry, the median ROCE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Covivio's current ROCE % is 4.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Covivio stock overvalued right now?

Based on GuruFocus' analysis, Covivio (FNCDY) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.16, compared to a current price of $17.03 — trading 52.6% above its estimated fair value. The current ROCE % is 4.74% and 8.6% below the REITs industry median of 5.19. Covivio's overall GF Score™ is 60/100 with 8 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 Covivio (FNCDY), the current ROCE % is 4.74% 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 Covivio (FNCDY) Overvalued in 2026?

Based on GuruFocus' analysis, Covivio stock appears to be overvalued. The current stock price of $17.03 is trading 52.6% above its estimated GF Value™ of $11.16. GuruFocus considers Covivio to be Significantly Overvalued.

Key valuation signals for FNCDY:

ROCE %: 4.74%
GF Value™: $11.16 vs. price of $17.03 (52.6% above fair value)
GF Score™: 60/100 with 8 warning signs
Industry Position: 8.6% below the REITs median

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

Covivio Business Description

Industry Real Estate REITs

Comparable Companies XPAR:ICAD XPAR:IMDA XPAR:ATLD XPAR:BLEE XPAR:CBSM XPAR:PAR ASX:GMG VICI WPC BSP:HSRE11 ASX:SGP ASX:CHC ASX:GPT MEX:FUNO11 LSE:LAND LSE:BLND ASX:MGR TSE:8972 XKLS:5235SS BNL

Other Exchanges GSEFF:USA COVp:UK 0J6V:UK COV:France F5D:Germany COVI:Austria

Address 18 Avenue Francois Mitterrand, Metz, FRA, 57000

Website https://www.covivio.eu

Covivio SA is a French real estate investment trust involved in the ownership of properties mainly in France, Italy, and Germany. The majority of the properties in the company's real estate portfolio are office buildings located in Paris and Milan. German residential properties also represent a significant percentage of its total assets. Fonciere des Regions derives nearly all of its revenue in the form of rental income from the ownership and maintenance of its portfolio of properties. French offices generate the majority revenue for the company, while Italian office buildings and German residential buildings in Berlin, Hamburg, and Dresden also contribute sizable income streams.

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$17.03

Price

$11.16

GF Value

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