MERF (FRA:9KG) ROCE %: 50.85% (As of Feb. 2026)

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FRA:9KG MERF Inc FRA:9KG
54 GF Score
Price €7.86
GF Value €3.05
! 4 Warning Signs
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What is MERF ROCE %?

MERF FRA:9KG +3.29% 54 ROCE % is 50.85% as of Feb. 2026. GuruFocus rates FRA:9KG with a GF Score™ of 54/100 and a GF Value™ of €3.05. 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. MERF's annualized ROCE % for the quarter that ended in Feb. 2026 was 50.85%.

MERF  (FRA:9KG) 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.

MERF ROCE % Related Terms

MERF ROCE % Historical Data

* Premium members only.

The historical data trend for MERF'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.

MERF ROCE % Chart

MERF Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.60 8.21 3.12 8.95 -0.27

MERF Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 -8.52 11.53 21.86 50.85 21.96
FRA:9KG
54GF Score
MERF Inc FRA:9KG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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MERF ROCE % Calculation

MERF's annualized ROCE % for the fiscal year that ended in Aug. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=-0.202/( ( (165.022 - 92.401) + (149.722 - 71.808) )/ 2 )
=-0.202/( (72.621+77.914)/ 2 )
=-0.202/75.2675
=-0.27 %

MERF's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=41.84/( ( (151.174 - 76.014) + (165.317 - 75.928) )/ 2 )
=41.84/( ( 75.16 + 89.389 )/ 2 )
=41.84/82.2745
=50.85 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 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 50.85% mean?
MERF (FRA:9KG) has a ROCE % of 50.85% as of Feb. 2026.
Is MERF's ROCE % too high?
MERF's current ROCE % is 50.85%. Overall, MERF has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does MERF's ROCE % compare to ?
MERF's ROCE % of 50.85% can be compared against companies in the Metals & Mining industry. 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 Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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. MERF's current ROCE % is 50.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MERF stock overvalued right now?
MERF (FRA:9KG) has a current ROCE % of 50.85%. The stock's GF Value™ is €3.05, compared to a current price of €7.86 — trading 157.7% above its estimated fair value. The current ROCE % is 50.85%. MERF's overall GF Score™ is 54/100 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 MERF (FRA:9KG), the current ROCE % is 50.85% as of Feb. 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 MERF (FRA:9KG) Overvalued in 2026?

Based on GuruFocus' analysis, MERF stock appears to be overvalued. The current stock price of €7.86 is trading 157.7% above its estimated GF Value™ of €3.05.

Key valuation signals for FRA:9KG:

  • ROCE %: 50.85%
  • GF Value™: €3.05 vs. price of €7.86 (157.7% above fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the FRA:9KG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MERF Business Description

Comparable Companies
Other Exchanges 3168:Japan
Address 12-2 Nagonoe, Imizu, Toyama, JPN, 934-0031
MERF Inc is engaged in recycling non-ferrous metals, focusing on copper and copper alloys. Its business activities are divided into two main segments: the Ingot Business, which involves the manufacturing of copper alloy ingots, and the Metal Recycling Raw Materials Business, which is engaged in metal recycling. It is also involved in the manufacturing and selling of art and craft products segment.
54GF Score

Get the complete analysis for FRA:9KG

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

€7.86
Price
€3.05
GF Value