FSGCY (First Gen) ROCE %: 8.50% (As of Mar. 2026)

What is First Gen ROCE %?

First Gen FSGCY 56 ROCE % is 8.50% as of Mar. 2026. GuruFocus rates FSGCY with a GF Score™ of 56/100 and a GF Value™ of $2.05 (Significantly Overvalued). The stock has 9 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. First Gen's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.50%.

First Gen (OTCPK:FSGCY) 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.

First Gen ROCE % Related Terms

First Gen ROCE % Historical Data

* Premium members only.

The historical data trend for First Gen'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.

First Gen ROCE % Chart

First Gen Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

Get a 7-Day Free Trial

11.51

12.65

13.35

5.57

6.41

First Gen 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															5.67	9.67	7.60	-2.75	8.50

56GF Score

First Gen Corp FSGCY

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

View Full Analysis

First Gen ROCE % Calculation

First Gen'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 )
	=	347.463	/	( ( (6289.188 - 1042.24)	+	(6249.534 - 656.942) )	/ 2 )
	=	347.463	/	( (5246.948	+	5592.592)	/ 2 )
	=	347.463	/	5419.77
	=	6.41 %

First Gen'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 )
	=	501.532	/	( ( (6249.534 - 656.942)	+	(6783.118 - 580.841) )	/ 2 )
	=	501.532	/	( ( 5592.592	+	6202.277 )	/ 2 )
	=	501.532	/	5897.4345
	=	8.50 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 8.50% mean?

First Gen (FSGCY) has a ROCE % of 8.50% as of Mar. 2026.

Is First Gen's ROCE % too high?

First Gen's current ROCE % is 8.50%. The Utilities - Independent Power Producers industry median ROCE % is 4.79. First Gen's value of 8.50% is 77.5% above this industry median. Overall, First Gen has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does First Gen's ROCE % compare to competitors?

First Gen's ROCE % of 8.50% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.79. First Gen's value of 8.50% is 77.5% 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 an Utilities - Independent Power Producers company?

The median ROCE % among Utilities - Independent Power Producers companies is 4.79, based on 437 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. First Gen's current ROCE % of 8.50% is 77.5% 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 Utilities - Independent Power Producers industry, the median ROCE % is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current ROCE % is 8.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Gen stock overvalued right now?

Based on GuruFocus' analysis, First Gen (FSGCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.05, compared to a current price of $5.35 — trading 161% above its estimated fair value. The current ROCE % is 8.50% and 77.5% above the Utilities - Independent Power Producers industry median of 4.79. First Gen's overall GF Score™ is 56/100 with 9 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 First Gen (FSGCY), the current ROCE % is 8.50% 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 First Gen (FSGCY) Overvalued in 2026?

Based on GuruFocus' analysis, First Gen stock appears to be overvalued. The current stock price of $5.35 is trading 161% above its estimated GF Value™ of $2.05. GuruFocus considers First Gen to be Significantly Overvalued.

Key valuation signals for FSGCY:

ROCE %: 8.50%
GF Value™: $2.05 vs. price of $5.35 (161% above fair value)
GF Score™: 56/100 with 9 warning signs
Industry Position: 77.5% above the Utilities - Independent Power Producers median

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

First Gen Business Description

Industry Utilities Utilities - Independent Power Producers

Comparable Companies PHS:CREC PHS:REDC PHS:XG PHS:ALTER PHS:ASLAG PHS:MRC PHS:ACEN SHSE:600900 SHSE:600930 OCSE:ORSTED SHSE:600025 BOM:541450 ISX:BREN BSP:AXIA3 WBO:VER OHEL:FORTUM SHSE:600905 XLIS:EDPR SHSE:600886 SZSE:001289

Other Exchanges FGEN:Philippines

Address Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604

Website https://www.firstgen.com.ph

First Gen Corp is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FGEN LNG, FNPC, and Prime Meridian. The company only operates in Philippines.

56GF Score

Get the complete analysis for FSGCY

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

$5.35

Price

$2.05

GF Value

View FSGCY Analysis

See ROCE % data for all stocks →