Fiera Milano SpA (FRA:FM3) ROCE %: 28.20% (As of Mar. 2026)


FRA:FM3 Fiera Milano SpA FRA:FM3
76 GF Score
Price €8.27
GF Value €5.92
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Fiera Milano SpA ROCE %?

Fiera Milano SpA FRA:FM3 +1.22% 76 ROCE % is 28.20% as of Mar. 2026. GuruFocus rates FRA:FM3 with a GF Score™ of 76/100 and a GF Value™ of €5.92 (Significantly Overvalued). The stock has 3 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. Fiera Milano SpA's annualized ROCE % for the quarter that ended in Mar. 2026 was 28.20%.

Fiera Milano SpA  (FRA:FM3) 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.

Fiera Milano SpA ROCE % Related Terms

Fiera Milano SpA ROCE % Historical Data

* Premium members only.

The historical data trend for Fiera Milano SpA'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.

Fiera Milano SpA ROCE % Chart

Fiera Milano SpA 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 5.28 1.68 9.52 7.40 16.88

Fiera Milano SpA 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 -0.40 32.52 -4.74 45.82 28.20
FRA:FM3
76GF Score
Fiera Milano SpA FRA:FM3
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Fiera Milano SpA ROCE % Calculation

Fiera Milano SpA'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 )
=82.088/( ( (658.665 - 193.867) + (760.847 - 253.117) )/ 2 )
=82.088/( (464.798+507.73)/ 2 )
=82.088/486.264
=16.88 %

Fiera Milano SpA'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 )
=146.34/( ( (760.847 - 253.117) + (803.621 - 273.521) )/ 2 )
=146.34/( ( 507.73 + 530.1 )/ 2 )
=146.34/518.915
=28.20 %

(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 28.20% mean?
Fiera Milano SpA (FRA:FM3) has a ROCE % of 28.20% as of Mar. 2026.
Is Fiera Milano SpA's ROCE % too high?
Fiera Milano SpA's current ROCE % is 28.20%. The Business Services industry median ROCE % is 8.88. Fiera Milano SpA's value of 28.20% is 217.6% above this industry median. Overall, Fiera Milano SpA has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fiera Milano SpA's ROCE % compare to CTAS and CPRT?
Fiera Milano SpA's ROCE % of 28.20% can be compared against companies in the Business Services industry. The industry median ROCE % is 8.88. Fiera Milano SpA's value of 28.20% is 217.6% 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 Business Services company?
The median ROCE % among Business Services companies is 8.88, based on 1,070 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. Fiera Milano SpA's current ROCE % of 28.20% is 217.6% 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 Business Services industry, the median ROCE % is 8.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiera Milano SpA's current ROCE % is 28.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Milano SpA stock overvalued right now?
Based on GuruFocus' analysis, Fiera Milano SpA (FRA:FM3) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.92, compared to a current price of €8.27 — trading 39.7% above its estimated fair value. The current ROCE % is 28.20% and 217.6% above the Business Services industry median of 8.88. Fiera Milano SpA's overall GF Score™ is 76/100 with 3 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 Fiera Milano SpA (FRA:FM3), the current ROCE % is 28.20% 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 Fiera Milano SpA (FRA:FM3) Overvalued in 2026?

Based on GuruFocus' analysis, Fiera Milano SpA stock appears to be overvalued. The current stock price of €8.27 is trading 39.7% above its estimated GF Value™ of €5.92. GuruFocus considers Fiera Milano SpA to be Significantly Overvalued.

Key valuation signals for FRA:FM3:

  • ROCE %: 28.20%
  • GF Value™: €5.92 vs. price of €8.27 (39.7% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 217.6% above the Business Services median

No single metric tells the full story. See the FRA:FM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fiera Milano SpA Business Description

Other Exchanges FM:Italy0EGH:UK
Address Strada Statale del Sempione, Rho, Milan, ITA, 28-20017
Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, Congresses, and Other Sectors. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions segment. Geographically, it operates in Italy and Abroad, where it derives maximum revenue from Italy.
76GF Score

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

€8.27
Price
€5.92
GF Value