Halma (HALMY) ROCE %: 17.64% (As of Mar. 2026)


HALMY Halma PLC HALMY
97 GF Score
Price $104.82
GF Value $89.42
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Halma ROCE %?

Halma HALMY +2.63% 97 ROCE % is 17.64% as of Mar. 2026. GuruFocus rates HALMY with a GF Score™ of 97/100 and a GF Value™ of $89.42 (Modestly Overvalued). The stock has 1 warning sign 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. Halma's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.64%.

Halma  (OTCPK:HALMY) 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.

Halma ROCE % Related Terms

Halma ROCE % Historical Data

* Premium members only.

The historical data trend for Halma'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.

Halma ROCE % Chart

Halma Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.62 13.93 14.90 15.49 17.80

Halma Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 16.33 14.62 16.51 18.61 17.64
HALMY
97GF Score
Halma PLC HALMY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Halma ROCE % Calculation

Halma's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=700.667/( ( (4210.078 - 591.473) + (4950.267 - 696.533) )/ 2 )
=700.667/( (3618.605+4253.734)/ 2 )
=700.667/3936.1695
=17.80 %

Halma'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: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=715.2/( ( (4514.054 - 660.811) + (4950.267 - 696.533) )/ 2 )
=715.2/( ( 3853.243 + 4253.734 )/ 2 )
=715.2/4053.4885
=17.64 %

(1) Note: The EBIT data used here is two times the semi-annual (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 17.64% mean?
Halma (HALMY) has a ROCE % of 17.64% as of Mar. 2026.
Is Halma's ROCE % too high?
Halma's current ROCE % is 17.64%. The Conglomerates industry median ROCE % is 6.90. Halma's value of 17.64% is 155.8% above this industry median. Overall, Halma has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Halma's ROCE % compare to HON and MMM?
Halma's ROCE % of 17.64% can be compared against companies in the Conglomerates industry. The industry median ROCE % is 6.90. Halma's value of 17.64% is 155.8% 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 Conglomerates company?
The median ROCE % among Conglomerates companies is 6.90, based on 556 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. Halma's current ROCE % of 17.64% is 155.8% 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 Conglomerates industry, the median ROCE % is 6.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halma's current ROCE % is 17.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halma stock overvalued right now?
Based on GuruFocus' analysis, Halma (HALMY) is currently considered Modestly Overvalued. The stock's GF Value™ is $89.42, compared to a current price of $104.82 — trading 17.2% above its estimated fair value. The current ROCE % is 17.64% and 155.8% above the Conglomerates industry median of 6.90. Halma's overall GF Score™ is 97/100 with 1 warning sign 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 Halma (HALMY), the current ROCE % is 17.64% 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 Halma (HALMY) Overvalued in 2026?

Based on GuruFocus' analysis, Halma stock appears to be overvalued. The current stock price of $104.82 is trading 17.2% above its estimated GF Value™ of $89.42. GuruFocus considers Halma to be Modestly Overvalued.

Key valuation signals for HALMY:

  • ROCE %: 17.64%
  • GF Value™: $89.42 vs. price of $104.82 (17.2% above fair value)
  • GF Score™: 97/100 with 1 warning sign
  • Industry Position: 155.8% above the Conglomerates median

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

Halma Business Description

Address Rectory Way, Misbourne Court, Amersham, Buckinghamshire, GBR, HP7 0DE
Halma consists of 49 operating businesses managed in a decentralized manner. The company, through its products, focuses on trying to make the world safer, cleaner and healthier. The group operates across three segments: safety, environmental and analysis, and medical equipment. Halma's products include smoke detectors, healthcare equipment, door sensors, and water treatment. Most of the group's products are niche with limited competition. Over 75% of sales are generated in the United States, Europe and United Kingdom. Halma is listed on the London Stock Exchange.
97GF Score

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

$104.82
Price
$89.42
GF Value