AGF Management (FRA:A3J) ROCE %: 14.47% (As of May. 2026)

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FRA:A3J AGF Management Ltd FRA:A3J
68 GF Score
Price €13.70
GF Value €7.97
Valuation Significantly Overvalued
! 8 Warning Signs
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What is AGF Management ROCE %?

AGF Management FRA:A3J -1.44% 68 ROCE % is 14.47% as of May. 2026. GuruFocus rates FRA:A3J with a GF Score™ of 68/100 and a GF Value™ of €7.97 (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. AGF Management's annualized ROCE % for the quarter that ended in May. 2026 was 14.47%.

AGF Management  (FRA:A3J) 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.

AGF Management ROCE % Related Terms

AGF Management ROCE % Historical Data

* Premium members only.

The historical data trend for AGF Management'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.

AGF Management ROCE % Chart

AGF Management Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.48 7.17 8.77 9.29 10.37

AGF Management Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 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 8.22 9.78 13.41 6.34 14.47
FRA:A3J
68GF Score
AGF Management Ltd FRA:A3J
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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AGF Management ROCE % Calculation

AGF Management's annualized ROCE % for the fiscal year that ended in Nov. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=104.319/( ( (1100.699 - 81.189) + (1074 - 80.639) )/ 2 )
=104.319/( (1019.51+993.361)/ 2 )
=104.319/1006.4355
=10.37 %

AGF Management's ROCE % of for the quarter that ended in May. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: May. 2026 )  (Q: Feb. 2026 )(Q: May. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: May. 2026 )  (Q: Feb. 2026 )(Q: May. 2026 )
=150.96/( ( (1074.39 - 49.023) + (1114.855 - 53.183) )/ 2 )
=150.96/( ( 1025.367 + 1061.672 )/ 2 )
=150.96/1043.5195
=14.47 %

(1) Note: The EBIT data used here is four times the quarterly (May. 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 14.47% mean?
AGF Management (FRA:A3J) has a ROCE % of 14.47% as of May. 2026.
Is AGF Management's ROCE % too high?
AGF Management's current ROCE % is 14.47%. The Asset Management industry median ROCE % is 4.84. AGF Management's value of 14.47% is 199% above this industry median. Overall, AGF Management has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AGF Management's ROCE % compare to BLK and BX?
AGF Management's ROCE % of 14.47% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.84. AGF Management's value of 14.47% is 199% 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 Asset Management company?
The median ROCE % among Asset Management companies is 4.84, based on 712 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. AGF Management's current ROCE % of 14.47% is 199% 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 Asset Management industry, the median ROCE % is 4.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AGF Management's current ROCE % is 14.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AGF Management stock overvalued right now?
Based on GuruFocus' analysis, AGF Management (FRA:A3J) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.97, compared to a current price of €13.70 — trading 71.9% above its estimated fair value. The current ROCE % is 14.47% and 199% above the Asset Management industry median of 4.84. AGF Management's overall GF Score™ is 68/100 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 AGF Management (FRA:A3J), the current ROCE % is 14.47% as of May. 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 AGF Management (FRA:A3J) Overvalued in 2026?

Based on GuruFocus' analysis, AGF Management stock appears to be overvalued. The current stock price of €13.70 is trading 71.9% above its estimated GF Value™ of €7.97. GuruFocus considers AGF Management to be Significantly Overvalued.

Key valuation signals for FRA:A3J:

  • ROCE %: 14.47%
  • GF Value™: €7.97 vs. price of €13.70 (71.9% above fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 199% above the Asset Management median

No single metric tells the full story. See the FRA:A3J stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

AGF Management Business Description

Other Exchanges AGFMF:USAAGF.B:Canada
Address 81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1
AGF Management is a Canadian-based independent asset manager. As of November 2025, the firm had CAD 60.4 billion in total assets under management with CAD 35.0 billion in retail mutual funds, CAD 9.5 billion in high net-worth private wealth, and the remaining in institutional, ETF, and private assets. AGF Management's funds are weighted toward equities with roughly three-quarters of the firm's retail AUM tied to equities.
68GF Score

Get the complete analysis for FRA:A3J

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

€13.70
Price
€7.97
GF Value