Intercontinental Exchange (FRA:IC2) ROCE %: 15.91% (As of Mar. 2026)


FRA:IC2 Intercontinental Exchange Inc FRA:IC2
86 GF Score
Price €116.50
GF Value €148.28
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Intercontinental Exchange ROCE %?

Intercontinental Exchange FRA:IC2 +2.51% 86 ROCE % is 15.91% as of Mar. 2026. GuruFocus rates FRA:IC2 with a GF Score™ of 86/100 and a GF Value™ of €148.28 (Modestly Undervalued). 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. Intercontinental Exchange's annualized ROCE % for the quarter that ended in Mar. 2026 was 15.91%.

Intercontinental Exchange  (FRA:IC2) 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.

Intercontinental Exchange ROCE % Related Terms

Intercontinental Exchange ROCE % Historical Data

* Premium members only.

The historical data trend for Intercontinental Exchange'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.

Intercontinental Exchange ROCE % Chart

Intercontinental Exchange 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 16.20 5.86 7.56 9.14 9.49

Intercontinental Exchange 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 10.02 10.23 9.91 9.79 15.91
FRA:IC2
86GF Score
Intercontinental Exchange Inc FRA:IC2
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Intercontinental Exchange ROCE % Calculation

Intercontinental Exchange'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 )
=4397.246/( ( (133153.74 - 85523.115) + (116901.498 - 71835.064) )/ 2 )
=4397.246/( (47630.625+45066.434)/ 2 )
=4397.246/46348.5295
=9.49 %

Intercontinental Exchange'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 )
=7266/( ( (116901.498 - 71835.064) + (154988.105 - 108720.985) )/ 2 )
=7266/( ( 45066.434 + 46267.12 )/ 2 )
=7266/45666.777
=15.91 %

(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 15.91% mean?
Intercontinental Exchange (FRA:IC2) has a ROCE % of 15.91% as of Mar. 2026.
Is Intercontinental Exchange's ROCE % too high?
Intercontinental Exchange's current ROCE % is 15.91%. The Capital Markets industry median ROCE % is 5.58. Intercontinental Exchange's value of 15.91% is 185.4% above this industry median. Overall, Intercontinental Exchange has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intercontinental Exchange's ROCE % compare to MCO and CME?
Intercontinental Exchange's ROCE % of 15.91% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. Intercontinental Exchange's value of 15.91% is 185.4% 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 Capital Markets company?
The median ROCE % among Capital Markets companies is 5.58, based on 690 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. Intercontinental Exchange's current ROCE % of 15.91% is 185.4% 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 Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intercontinental Exchange's current ROCE % is 15.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercontinental Exchange stock overvalued right now?
Based on GuruFocus' analysis, Intercontinental Exchange (FRA:IC2) is currently considered Modestly Undervalued. The stock's GF Value™ is €148.28, compared to a current price of €116.50 — trading 21.4% below its estimated fair value. The current ROCE % is 15.91% and 185.4% above the Capital Markets industry median of 5.58. Intercontinental Exchange's overall GF Score™ is 86/100 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 Intercontinental Exchange (FRA:IC2), the current ROCE % is 15.91% 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 Intercontinental Exchange (FRA:IC2) Overvalued in 2026?

Based on GuruFocus' analysis, Intercontinental Exchange stock appears to be undervalued. The current stock price of €116.50 is trading 21.4% below its estimated GF Value™ of €148.28. GuruFocus considers Intercontinental Exchange to be Modestly Undervalued.

Key valuation signals for FRA:IC2:

  • ROCE %: 15.91%
  • GF Value™: €148.28 vs. price of €116.50 (21.4% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 185.4% above the Capital Markets median

No single metric tells the full story. See the FRA:IC2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Intercontinental Exchange Business Description

Address 5660 New Northside Drive, Atlanta, GA, USA, 30328
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data-services segment (24% of net revenue).
86GF Score

Get the complete analysis for FRA:IC2

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

€116.50
Price
€148.28
GF Value