MGE Energy (FRA:MG1) ROCE %: 8.81% (As of Mar. 2026)

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FRA:MG1 MGE Energy Inc FRA:MG1
73 GF Score
Price €71.50
GF Value €76.09
! 4 Warning Signs
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What is MGE Energy ROCE %?

MGE Energy FRA:MG1 73 ROCE % is 8.81% as of Mar. 2026. GuruFocus rates FRA:MG1 with a GF Score™ of 73/100 and a GF Value™ of €76.09. The stock has 4 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. MGE Energy's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.81%.

MGE Energy  (FRA:MG1) 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.

MGE Energy ROCE % Related Terms

MGE Energy ROCE % Historical Data

* Premium members only.

The historical data trend for MGE Energy'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.

MGE Energy ROCE % Chart

MGE Energy 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 6.43 7.44 7.21 6.41 6.48

MGE Energy 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 8.03 5.35 8.75 5.13 8.81
FRA:MG1
73GF Score
MGE Energy Inc FRA:MG1
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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MGE Energy ROCE % Calculation

MGE Energy'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 )
=162.647/( ( (2700.701 - 119.913) + (2694.729 - 253.389) )/ 2 )
=162.647/( (2580.788+2441.34)/ 2 )
=162.647/2511.064
=6.48 %

MGE Energy'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 )
=221.932/( ( (2694.729 - 253.389) + (2755.615 - 158.436) )/ 2 )
=221.932/( ( 2441.34 + 2597.179 )/ 2 )
=221.932/2519.2595
=8.81 %

(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 8.81% mean?
MGE Energy (FRA:MG1) has a ROCE % of 8.81% as of Mar. 2026.
Is MGE Energy's ROCE % too high?
MGE Energy's current ROCE % is 8.81%. The Utilities - Regulated industry median ROCE % is 6.98. MGE Energy's value of 8.81% is 26.2% above this industry median. Overall, MGE Energy has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does MGE Energy's ROCE % compare to HE and NWE?
MGE Energy's ROCE % of 8.81% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.98. MGE Energy's value of 8.81% is 26.2% 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 Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.98, based on 506 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. MGE Energy's current ROCE % of 8.81% is 26.2% 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 Utilities - Regulated industry, the median ROCE % is 6.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGE Energy's current ROCE % is 8.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGE Energy stock overvalued right now?
MGE Energy (FRA:MG1) has a current ROCE % of 8.81%. The stock's GF Value™ is €76.09, compared to a current price of €71.50 — trading 6% below its estimated fair value. The current ROCE % is 8.81% and 26.2% above the Utilities - Regulated industry median of 6.98. MGE Energy's overall GF Score™ is 73/100 with 4 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 MGE Energy (FRA:MG1), the current ROCE % is 8.81% 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 MGE Energy (FRA:MG1) Overvalued in 2026?

Based on GuruFocus' analysis, MGE Energy stock appears to be undervalued. The current stock price of €71.50 is trading 6% below its estimated GF Value™ of €76.09.

Key valuation signals for FRA:MG1:

  • ROCE %: 8.81%
  • GF Value™: €76.09 vs. price of €71.50 (6% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 26.2% above the Utilities - Regulated median

No single metric tells the full story. See the FRA:MG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MGE Energy Business Description

Other Exchanges MGEE:USA
Address 133 South Blair Street, Madison, WI, USA, 53788
MGE Energy provides electric service to 170,000 customers and natural gas service to 180,000 customers in Madison, Wisconsin, and surrounding areas. Nearly 90% of customers are residential. The company also owns a 3.6% stake in American Transmission Co. MGE owns interests in two coal power plants that earn guaranteed fixed rates of return, contributing about 20% of earnings.
73GF Score

Get the complete analysis for FRA:MG1

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

€71.50
Price
€76.09
GF Value