Zehnder Group AG (FRA:ZEH2) ROCE %: 19.03% (As of Dec. 2025)

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FRA:ZEH2 Zehnder Group AG FRA:ZEH2
73 GF Score
Price €68.00
GF Value €62.76
Valuation Fairly Valued
! 2 Warning Signs
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What is Zehnder Group AG ROCE %?

Zehnder Group AG FRA:ZEH2 -0.73% 73 ROCE % is 19.03% as of Dec. 2025. GuruFocus rates FRA:ZEH2 with a GF Score™ of 73/100 and a GF Value™ of €62.76 (Fairly Valued). The stock has 2 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. Zehnder Group AG's annualized ROCE % for the quarter that ended in Dec. 2025 was 19.03%.

Zehnder Group AG  (FRA:ZEH2) 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.

Zehnder Group AG ROCE % Related Terms

Zehnder Group AG ROCE % Historical Data

* Premium members only.

The historical data trend for Zehnder Group AG'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.

Zehnder Group AG ROCE % Chart

Zehnder Group AG 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 18.21 18.60 15.66 4.19 19.91

Zehnder Group AG 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 11.19 6.84 1.28 20.13 19.03
FRA:ZEH2
73GF Score
Zehnder Group AG FRA:ZEH2
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Zehnder Group AG ROCE % Calculation

Zehnder Group AG'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 )
=61.9/( ( (476.7 - 147.7) + (457 - 164.1) )/ 2 )
=61.9/( (329+292.9)/ 2 )
=61.9/310.95
=19.91 %

Zehnder Group AG'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 )
=58.4/( ( (476.9 - 156) + (457 - 164.1) )/ 2 )
=58.4/( ( 320.9 + 292.9 )/ 2 )
=58.4/306.9
=19.03 %

(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 19.03% mean?
Zehnder Group AG (FRA:ZEH2) has a ROCE % of 19.03% as of Dec. 2025.
Is Zehnder Group AG's ROCE % too high?
Zehnder Group AG's current ROCE % is 19.03%. The Construction industry median ROCE % is 8.23. Zehnder Group AG's value of 19.03% is 131.2% above this industry median. Overall, Zehnder Group AG has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zehnder Group AG's ROCE % compare to TT and JCI?
Zehnder Group AG's ROCE % of 19.03% can be compared against companies in the Construction industry. The industry median ROCE % is 8.23. Zehnder Group AG's value of 19.03% is 131.2% 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 a Construction company?
The median ROCE % among Construction companies is 8.23, based on 1,755 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. Zehnder Group AG's current ROCE % of 19.03% is 131.2% 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 Construction industry, the median ROCE % is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zehnder Group AG's current ROCE % is 19.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zehnder Group AG stock overvalued right now?
Based on GuruFocus' analysis, Zehnder Group AG (FRA:ZEH2) is currently considered Fairly Valued. The stock's GF Value™ is €62.76, compared to a current price of €68.00 — trading 8.3% above its estimated fair value. The current ROCE % is 19.03% and 131.2% above the Construction industry median of 8.23. Zehnder Group AG's overall GF Score™ is 73/100 with 2 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 Zehnder Group AG (FRA:ZEH2), the current ROCE % is 19.03% 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 Zehnder Group AG (FRA:ZEH2) Overvalued in 2026?

Based on GuruFocus' analysis, Zehnder Group AG stock appears to be overvalued. The current stock price of €68.00 is trading 8.3% above its estimated GF Value™ of €62.76. GuruFocus considers Zehnder Group AG to be Fairly Valued.

Key valuation signals for FRA:ZEH2:

  • ROCE %: 19.03%
  • GF Value™: €62.76 vs. price of €68.00 (8.3% above fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 131.2% above the Construction median

No single metric tells the full story. See the FRA:ZEH2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zehnder Group AG Business Description

Address Moortalstrasse 1, Granichen, CHE, 5722
Zehnder Group AG is an indoor climate system supplier. The products and services of the Group include heating, cooling, indoor ventilation, and air cleaning. The business activity of the company functions through Europe, China, and North America. The company has two segments, Ventilation and Radiators. The ventilation segment covers the three product lines for ventilation, heat exchangers, and clean air solutions, and generates maximum revenue. The radiator segment contains two product lines: radiators and climate ceilings. The company generates revenue from the EMEA (Europe, the Middle East, and Africa) Region.
73GF Score

Get the complete analysis for FRA:ZEH2

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

€68.00
Price
€62.76
GF Value