Aperam (HAM:7AA) ROCE %: 2.96% (As of Mar. 2026)


HAM:7AA Aperam SA HAM:7AA
84 GF Score
Price €44.32
GF Value €26.42
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Aperam ROCE %?

Aperam HAM:7AA -0.89% 84 ROCE % is 2.96% as of Mar. 2026. GuruFocus rates HAM:7AA with a GF Score™ of 84/100 and a GF Value™ of €26.42 (Significantly Overvalued). The stock has 11 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. Aperam's annualized ROCE % for the quarter that ended in Mar. 2026 was 2.96%.

Aperam  (HAM:7AA) 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.

Aperam ROCE % Related Terms

Aperam ROCE % Historical Data

* Premium members only.

The historical data trend for Aperam'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.

Aperam ROCE % Chart

Aperam 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 30.33 18.31 3.65 2.93 -0.27

Aperam 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 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 -1.05 4.51 129.83 -2.65 2.96
HAM:7AA
84GF Score
Aperam SA HAM:7AA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Aperam ROCE % Calculation

Aperam'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 )
=-12/( ( (5882 - 1707) + (6205 - 1645) )/ 2 )
=-12/( (4175+4560)/ 2 )
=-12/4367.5
=-0.27 %

Aperam'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 )
=136/( ( (6205 - 1645) + (5262 - 636) )/ 2 )
=136/( ( 4560 + 4626 )/ 2 )
=136/4593
=2.96 %

(1) Note: The EBIT data used here is four times the quarterly (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 2.96% mean?
Aperam (HAM:7AA) has a ROCE % of 2.96% as of Mar. 2026.
Is Aperam's ROCE % too high?
Aperam's current ROCE % is 2.96%. The Steel industry median ROCE % is 5.63. Aperam's value of 2.96% is 47.4% below this industry median. Overall, Aperam has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aperam's ROCE % compare to NUE and STLD?
Aperam's ROCE % of 2.96% can be compared against companies in the Steel industry. The industry median ROCE % is 5.63. Aperam's value of 2.96% is 47.4% below 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 Steel company?
The median ROCE % among Steel companies is 5.63, based on 624 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. Aperam's current ROCE % of 2.96% is 47.4% below 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 Steel industry, the median ROCE % is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aperam's current ROCE % is 2.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aperam stock overvalued right now?
Based on GuruFocus' analysis, Aperam (HAM:7AA) is currently considered Significantly Overvalued. The stock's GF Value™ is €26.42, compared to a current price of €44.32 — trading 67.8% above its estimated fair value. The current ROCE % is 2.96% and 47.4% below the Steel industry median of 5.63. Aperam's overall GF Score™ is 84/100 with 11 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 Aperam (HAM:7AA), the current ROCE % is 2.96% 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 Aperam (HAM:7AA) Overvalued in 2026?

Based on GuruFocus' analysis, Aperam stock appears to be overvalued. The current stock price of €44.32 is trading 67.8% above its estimated GF Value™ of €26.42. GuruFocus considers Aperam to be Significantly Overvalued.

Key valuation signals for HAM:7AA:

  • ROCE %: 2.96%
  • GF Value™: €26.42 vs. price of €44.32 (67.8% above fair value)
  • GF Score™: 84/100 with 11 warning signs
  • Industry Position: 47.4% below the Steel median

No single metric tells the full story. See the HAM:7AA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Aperam Business Description

Address 24-26 Boulevard d’Avranches, Luxembourg, LUX, 1160
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company operates through four segments. Its Stainless and Electrical Steel segment, which generates the majority of revenue, produces a wide range of stainless and electrical steel products for diverse industries. The Services and Solutions segment markets the company's products and provides customized steel transformation services; the Alloys and Specialties segment produces nickel alloys and certain specific stainless steels; and the Recycling & Renewables segment collects, trades, processes, and recycles stainless steel scrap and high-performance alloys. Geographically, the company generates maximum revenue from Europe, and the rest from the Americas, Asia, and Africa.
84GF Score

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

€44.32
Price
€26.42
GF Value