Callaway Golf Co (FRA:CLY) ROCE %: 16.96% (As of Mar. 2026)

What is Callaway Golf Co ROCE %?

Callaway Golf Co FRA:CLY +1.72% 72 ROCE % is 16.96% as of Mar. 2026. GuruFocus rates FRA:CLY with a GF Score™ of 72/100 and a GF Value™ of €10.20 (Significantly Overvalued). The stock has 11 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. Callaway Golf Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 16.96%.

Callaway Golf Co (FRA:CLY) 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.

Callaway Golf Co ROCE % Related Terms

Callaway Golf Co ROCE % Historical Data

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The historical data trend for Callaway Golf Co'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.

Callaway Golf Co ROCE % Chart

Callaway Golf Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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11.16

4.11

2.53

2.38

2.81

Callaway Golf Co 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															6.12	5.38	2.22	-4.31	16.96

72GF Score

Callaway Golf Co FRA:CLY

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

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Callaway Golf Co ROCE % Calculation

Callaway Golf Co'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 )
	=	126.563	/	( ( (7292.476 - 788.735)	+	(6222.244 - 3729.845) )	/ 2 )
	=	126.563	/	( (6503.741	+	2492.399)	/ 2 )
	=	126.563	/	4498.07
	=	2.81 %

Callaway Golf Co'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 )
	=	392.364	/	( ( (6222.244 - 3729.845)	+	(2751.132 - 617.264) )	/ 2 )
	=	392.364	/	( ( 2492.399	+	2133.868 )	/ 2 )
	=	392.364	/	2313.1335
	=	16.96 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 16.96% mean?

Callaway Golf Co (FRA:CLY) has a ROCE % of 16.96% as of Mar. 2026.

Is Callaway Golf Co's ROCE % too high?

Callaway Golf Co's current ROCE % is 16.96%. The Travel & Leisure industry median ROCE % is 6.08. Callaway Golf Co's value of 16.96% is 179.2% above this industry median. Overall, Callaway Golf Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Callaway Golf Co's ROCE % compare to PTON and OSW?

Callaway Golf Co's ROCE % of 16.96% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.08. Callaway Golf Co's value of 16.96% is 179.2% 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 Travel & Leisure company?

The median ROCE % among Travel & Leisure companies is 6.08, based on 838 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. Callaway Golf Co's current ROCE % of 16.96% is 179.2% 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 Travel & Leisure industry, the median ROCE % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Callaway Golf Co's current ROCE % is 16.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Callaway Golf Co stock overvalued right now?

Based on GuruFocus' analysis, Callaway Golf Co (FRA:CLY) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.20, compared to a current price of €16.23 — trading 59.1% above its estimated fair value. The current ROCE % is 16.96% and 179.2% above the Travel & Leisure industry median of 6.08. Callaway Golf Co's overall GF Score™ is 72/100 with 11 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 Callaway Golf Co (FRA:CLY), the current ROCE % is 16.96% 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 Callaway Golf Co (FRA:CLY) Overvalued in 2026?

Based on GuruFocus' analysis, Callaway Golf Co stock appears to be overvalued. The current stock price of €16.23 is trading 59.1% above its estimated GF Value™ of €10.20. GuruFocus considers Callaway Golf Co to be Significantly Overvalued.

Key valuation signals for FRA:CLY:

ROCE %: 16.96%
GF Value™: €10.20 vs. price of €16.23 (59.1% above fair value)
GF Score™: 72/100 with 11 warning signs
Industry Position: 179.2% above the Travel & Leisure median

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

Callaway Golf Co Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies PTON OSW FUN YETI PRKS PLNT MAT LUCK TRON JOUT HKSE:09992 HKSE:02020 TSE:4661 AS TSE:7832 HAS TSE:7309 LSE:GAW LTH HKSE:02331

Other Exchanges CALY:USA CLY:Germany

Address 2180 Rutherford Road, Carlsbad, CA, USA, 92008

Website https://ir.callawaygolf.com

Callaway Golf Co is a golf equipment, gear and apparel company with a portfolio of world-wide brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. Callaway designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories-setting the standard for performance in the game of golf. The company has two operating and reportable business segments: Golf Equipment and Apparel, Gear and Other. Geographically, the company operates in United States, Europe, Asia, and Rest of World, of which it derives maximum revenue from United States.

72GF Score

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

€16.23

Price

€10.20

GF Value

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