Virgin Galactic Holdings (HAM:0QL0) ROCE %: -47.71% (As of Mar. 2026)

What is Virgin Galactic Holdings ROCE %?

Virgin Galactic Holdings HAM:0QL0 -3.83% 69 ROCE % is -47.71% as of Mar. 2026. GuruFocus rates HAM:0QL0 with a GF Score™ of 69/100 and a GF Value™ of €3.49 (Modestly Undervalued). The stock has 5 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. Virgin Galactic Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was -47.71%.

Virgin Galactic Holdings (HAM:0QL0) 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.

Virgin Galactic Holdings ROCE % Related Terms

Virgin Galactic Holdings ROCE % Historical Data

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The historical data trend for Virgin Galactic Holdings'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.

Virgin Galactic Holdings ROCE % Chart

Virgin Galactic Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-44.74

-53.14

-49.45

-37.81

-35.45

Virgin Galactic Holdings 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															-40.66	-33.02	-33.79	-37.11	-47.71

69GF Score

Virgin Galactic Holdings Inc HAM:0QL0

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Virgin Galactic Holdings ROCE % Calculation

Virgin Galactic Holdings'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 )
	=	-227.226	/	( ( (917.97 - 143.26)	+	(685.915 - 178.762) )	/ 2 )
	=	-227.226	/	( (774.71	+	507.153)	/ 2 )
	=	-227.226	/	640.9315
	=	-35.45 %

Virgin Galactic Holdings'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 )
	=	-217.484	/	( ( (685.915 - 178.762)	+	(648.948 - 244.461) )	/ 2 )
	=	-217.484	/	( ( 507.153	+	404.487 )	/ 2 )
	=	-217.484	/	455.82
	=	-47.71 %

(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 -47.71% mean?

Virgin Galactic Holdings (HAM:0QL0) has a ROCE % of -47.71% as of Mar. 2026.

Is Virgin Galactic Holdings' ROCE % too high?

Virgin Galactic Holdings' current ROCE % is -47.71%. Overall, Virgin Galactic Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Virgin Galactic Holdings' ROCE % compare to PKE and RGR?

Virgin Galactic Holdings' ROCE % of -47.71% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. 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 Aerospace & Defense company?

The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 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. 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 Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virgin Galactic Holdings's current ROCE % is -47.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Virgin Galactic Holdings stock overvalued right now?

Based on GuruFocus' analysis, Virgin Galactic Holdings (HAM:0QL0) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.49, compared to a current price of €2.51 — trading 28% below its estimated fair value. The current ROCE % is -47.71%. Virgin Galactic Holdings' overall GF Score™ is 69/100 with 5 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 Virgin Galactic Holdings (HAM:0QL0), the current ROCE % is -47.71% 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 Virgin Galactic Holdings (HAM:0QL0) Overvalued in 2026?

Based on GuruFocus' analysis, Virgin Galactic Holdings stock appears to be undervalued. The current stock price of €2.51 is trading 28% below its estimated GF Value™ of €3.49. GuruFocus considers Virgin Galactic Holdings to be Modestly Undervalued.

Key valuation signals for HAM:0QL0:

ROCE %: -47.71%
GF Value™: €3.49 vs. price of €2.51 (28% below fair value)
GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the HAM:0QL0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Virgin Galactic Holdings Business Description

Industry Industrials Aerospace & Defense

Comparable Companies PKE RGR SWBI EH MRLN SIDU ELMT NPK EVTL FJET GE RTX BA XPAR:AIR LSE:RR.XPAR:SAF LMT HWM GD RKLB

Other Exchanges SPCE:USA SPCE:Mexico 1SPCE:Italy 0QL0:Germany

Address 1700 Flight Way, Tustin, CA, USA, 92782

Website https://www.virgingalactic.com

Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures air and space vehicles. Using technologies, the company is developing a spaceflight system designed to offer its customers a multi-day and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.

69GF Score

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€2.51

Price

€3.49

GF Value

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