Horizon Oil (FRA:HOJ) ROCE %: 9.79% (As of Dec. 2025)


FRA:HOJ Horizon Oil Ltd FRA:HOJ
35 GF Score
Price €0.12
GF Value €0.09
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Horizon Oil ROCE %?

Horizon Oil FRA:HOJ +3.45% 35 ROCE % is 9.79% as of Dec. 2025. GuruFocus rates FRA:HOJ with a GF Score™ of 35/100 and a GF Value™ of €0.09 (Significantly Overvalued). The stock has 6 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. Horizon Oil's annualized ROCE % for the quarter that ended in Dec. 2025 was 9.79%.

Horizon Oil  (FRA:HOJ) 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.

Horizon Oil ROCE % Related Terms

Horizon Oil ROCE % Historical Data

* Premium members only.

The historical data trend for Horizon Oil'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.

Horizon Oil ROCE % Chart

Horizon Oil Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.94 32.74 40.10 25.62 13.30

Horizon Oil 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 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 36.37 17.28 17.24 10.32 9.79
FRA:HOJ
35GF Score
Horizon Oil Ltd FRA:HOJ
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Horizon Oil ROCE % Calculation

Horizon Oil's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=19.64/( ( (190.701 - 28.436) + (156.194 - 23.098) )/ 2 )
=19.64/( (162.265+133.096)/ 2 )
=19.64/147.6805
=13.30 %

Horizon Oil'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 )
=13.05/( ( (156.194 - 23.098) + (160.286 - 26.716) )/ 2 )
=13.05/( ( 133.096 + 133.57 )/ 2 )
=13.05/133.333
=9.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) 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 9.79% mean?
Horizon Oil (FRA:HOJ) has a ROCE % of 9.79% as of Dec. 2025.
Is Horizon Oil's ROCE % too high?
Horizon Oil's current ROCE % is 9.79%. The Oil & Gas industry median ROCE % is 6.79. Horizon Oil's value of 9.79% is 44.2% above this industry median. Overall, Horizon Oil has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's ROCE % compare to COP and EOG?
Horizon Oil's ROCE % of 9.79% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Horizon Oil's value of 9.79% is 44.2% 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 an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 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. Horizon Oil's current ROCE % of 9.79% is 44.2% 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 Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Oil's current ROCE % is 9.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 33.3% above its estimated fair value. The current ROCE % is 9.79% and 44.2% above the Oil & Gas industry median of 6.79. Horizon Oil's overall GF Score™ is 35/100 with 6 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 Horizon Oil (FRA:HOJ), the current ROCE % is 9.79% 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 Horizon Oil (FRA:HOJ) Overvalued in 2026?

Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued. The current stock price of €0.12 is trading 33.3% above its estimated GF Value™ of €0.09. GuruFocus considers Horizon Oil to be Significantly Overvalued.

Key valuation signals for FRA:HOJ:

  • ROCE %: 9.79%
  • GF Value™: €0.09 vs. price of €0.12 (33.3% above fair value)
  • GF Score™: 35/100 with 6 warning signs
  • Industry Position: 44.2% above the Oil & Gas median

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

Horizon Oil Business Description

Industry EnergyOil & Gas
Other Exchanges HZNFF:USAHZN:Australia
Address 360 Kent Street, Level 4, Sydney, NSW, AUS, 2000
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
35GF Score

Get the complete analysis for FRA:HOJ

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

€0.12
Price
€0.09
GF Value