McMillan Shakespeare (FRA:NMN) ROCE %: 22.46% (As of Dec. 2025)

What is McMillan Shakespeare ROCE %?

McMillan Shakespeare FRA:NMN +3.48% 75 ROCE % is 22.46% as of Dec. 2025. GuruFocus rates FRA:NMN with a GF Score™ of 75/100 and a GF Value™ of €15.08 (Modestly Undervalued). The stock has 13 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. McMillan Shakespeare's annualized ROCE % for the quarter that ended in Dec. 2025 was 22.46%.

McMillan Shakespeare (FRA:NMN) 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.

McMillan Shakespeare ROCE % Related Terms

McMillan Shakespeare ROCE % Historical Data

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The historical data trend for McMillan Shakespeare'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.

McMillan Shakespeare ROCE % Chart

McMillan Shakespeare Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROCE %

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20.89

20.20

18.93

25.50

21.79

McMillan Shakespeare 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															26.15	24.59	21.99	21.90	22.46

75GF Score

McMillan Shakespeare Ltd FRA:NMN

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

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McMillan Shakespeare ROCE % Calculation

McMillan Shakespeare'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 )
	=	98.009	/	( ( (803.807 - 358.595)	+	(835.348 - 380.888) )	/ 2 )
	=	98.009	/	( (445.212	+	454.46)	/ 2 )
	=	98.009	/	449.836
	=	21.79 %

McMillan Shakespeare'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 )
	=	106.698	/	( ( (835.348 - 380.888)	+	(888.966 - 393.148) )	/ 2 )
	=	106.698	/	( ( 454.46	+	495.818 )	/ 2 )
	=	106.698	/	475.139
	=	22.46 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 22.46% mean?

McMillan Shakespeare (FRA:NMN) has a ROCE % of 22.46% as of Dec. 2025.

Is McMillan Shakespeare's ROCE % too high?

McMillan Shakespeare's current ROCE % is 22.46%. The Business Services industry median ROCE % is 8.93. McMillan Shakespeare's value of 22.46% is 151.5% above this industry median. Overall, McMillan Shakespeare has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does McMillan Shakespeare's ROCE % compare to KFY and RHI?

McMillan Shakespeare's ROCE % of 22.46% can be compared against companies in the Business Services industry. The industry median ROCE % is 8.93. McMillan Shakespeare's value of 22.46% is 151.5% 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 8.93, 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. McMillan Shakespeare's current ROCE % of 22.46% is 151.5% 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 8.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McMillan Shakespeare's current ROCE % is 22.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is McMillan Shakespeare stock overvalued right now?

Based on GuruFocus' analysis, McMillan Shakespeare (FRA:NMN) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.08, compared to a current price of €11.90 — trading 21.1% below its estimated fair value. The current ROCE % is 22.46% and 151.5% above the Business Services industry median of 8.93. McMillan Shakespeare's overall GF Score™ is 75/100 with 13 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 McMillan Shakespeare (FRA:NMN), the current ROCE % is 22.46% 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 McMillan Shakespeare (FRA:NMN) Overvalued in 2026?

Based on GuruFocus' analysis, McMillan Shakespeare stock appears to be undervalued. The current stock price of €11.90 is trading 21.1% below its estimated GF Value™ of €15.08. GuruFocus considers McMillan Shakespeare to be Modestly Undervalued.

Key valuation signals for FRA:NMN:

ROCE %: 22.46%
GF Value™: €15.08 vs. price of €11.90 (21.1% below fair value)
GF Score™: 75/100 with 13 warning signs
Industry Position: 151.5% above the Business Services median

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

McMillan Shakespeare Business Description

Industry Industrials Business Services

Comparable Companies ASX:PPE ASX:ASH ASX:HIT ASX:IGN ASX:HMI XAMS:RAND KFY TSE:2181 RHI XSWX:ADEN HKSE:02225 TNET MAN NSP TSE:9744 TSE:2154 SHSE:600861 TSE:215A BBSI KFRC

Other Exchanges MMS:Australia

Address 360 Elizabeth Street, Level 21, The Tower, Melbourne Central, Melbourne, VIC, AUS, 3000

Website https://www.mmsg.com.au

McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.

75GF Score

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

€11.90

Price

€15.08

GF Value

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