GSM (Ferroglobe) ROCE %: -2.13% (As of Mar. 2026)

What is Ferroglobe ROCE %?

Ferroglobe GSM -2.72% 71 ROCE % is -2.13% as of Mar. 2026. GuruFocus rates GSM with a GF Score™ of 71/100 and a GF Value™ of $4.13 (Modestly Undervalued). 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. Ferroglobe's annualized ROCE % for the quarter that ended in Mar. 2026 was -2.13%.

Ferroglobe (NAS:GSM) 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.

Ferroglobe ROCE % Related Terms

Ferroglobe ROCE % Historical Data

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The historical data trend for Ferroglobe'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.

Ferroglobe ROCE % Chart

Ferroglobe Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-7.13

59.93

14.63

4.59

-15.79

Ferroglobe 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															-23.67	-3.61	-0.31	-33.83	-2.13

71GF Score

Ferroglobe PLC GSM

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Ferroglobe ROCE % Calculation

Ferroglobe'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 )
	=	-157.722	/	( ( (1472.447 - 448.614)	+	(1415.48 - 441.291) )	/ 2 )
	=	-157.722	/	( (1023.833	+	974.189)	/ 2 )
	=	-157.722	/	999.011
	=	-15.79 %

Ferroglobe'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 )
	=	-20.896	/	( ( (1415.48 - 441.291)	+	(1521.092 - 532.033) )	/ 2 )
	=	-20.896	/	( ( 974.189	+	989.059 )	/ 2 )
	=	-20.896	/	981.624
	=	-2.13 %

(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 -2.13% mean?

Ferroglobe (GSM) has a ROCE % of -2.13% as of Mar. 2026.

Is Ferroglobe's ROCE % too high?

Ferroglobe's current ROCE % is -2.13%. Overall, Ferroglobe has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Ferroglobe's ROCE % compare to NB and TMCR?

Ferroglobe's ROCE % of -2.13% can be compared against companies in the Metals & Mining industry. 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 Metals & Mining company?

A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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. Ferroglobe's current ROCE % is -2.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ferroglobe stock overvalued right now?

Based on GuruFocus' analysis, Ferroglobe (GSM) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.13, compared to a current price of $3.58 — trading 13.4% below its estimated fair value. The current ROCE % is -2.13%. Ferroglobe's overall GF Score™ is 71/100 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 Ferroglobe (GSM), the current ROCE % is -2.13% 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 Ferroglobe (GSM) Overvalued in 2026?

Based on GuruFocus' analysis, Ferroglobe stock appears to be undervalued. The current stock price of $3.58 is trading 13.4% below its estimated GF Value™ of $4.13. GuruFocus considers Ferroglobe to be Modestly Undervalued.

Key valuation signals for GSM:

ROCE %: -2.13%
GF Value™: $4.13 vs. price of $3.58 (13.4% below fair value)
GF Score™: 71/100 with 2 warning signs

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

Ferroglobe Business Description

Industry Basic Materials Metals & Mining

Comparable Companies NB TMCR ALOY LZM REA REEMF TTNNF SBMT UAMY CMP ASX:BHP ASX:RIO LSE:RIO MEX:GMEXICOB LSE:GLEN BSP:VALE3 SAU:1211 LSE:AAL HKSE:03993 ASX:FMG

Other Exchanges 5FG:Germany

Address 13 Chesterfield Street, London, GBR, W1J 5JN

Website https://www.ferroglobe.com

Ferroglobe PLC provides silicon-based alloys and specialty metals. It produces silicon metal and silicon and manganese-based alloy, serving customers in the specialty chemical, aluminum, solar, steel, and ductile iron foundry industries. The company's operating segments include Canada - Silicon Metals, Canada - Silicon Alloys, U.S. - Silicon Metals, U.S. - Silicon Alloys, Europe - Manganese Alloys, Europe - Silicon Metals, Europe - Silicon Alloys, South Africa - Silicon Metals, South Africa - Silicon Alloys, and Other segments. The primary raw materials the company uses to produce its electrometallurgy products include its coal and quartz mining operations and its silicon metal and ferroalloy production. The firm generates key revenue from Silicon metal and Manganese-based alloys.

71GF Score

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$3.58

Price

$4.13

GF Value

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