Deutsche Lufthansa AG (HAM:LHA) ROCE %: -6.47% (As of Mar. 2026)


HAM:LHA Deutsche Lufthansa AG HAM:LHA
74 GF Score
Price €9.53
GF Value €7.88
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Deutsche Lufthansa AG ROCE %?

Deutsche Lufthansa AG HAM:LHA +4.15% 74 ROCE % is -6.47% as of Mar. 2026. GuruFocus rates HAM:LHA with a GF Score™ of 74/100 and a GF Value™ of €7.88 (Modestly Overvalued). The stock has 6 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. Deutsche Lufthansa AG's annualized ROCE % for the quarter that ended in Mar. 2026 was -6.47%.

Deutsche Lufthansa AG  (HAM:LHA) 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.

Deutsche Lufthansa AG ROCE % Related Terms

Deutsche Lufthansa AG ROCE % Historical Data

* Premium members only.

The historical data trend for Deutsche Lufthansa AG'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.

Deutsche Lufthansa AG ROCE % Chart

Deutsche Lufthansa AG 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 -8.21 6.45 11.37 8.17 8.82

Deutsche Lufthansa AG 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 -11.06 17.36 21.26 8.40 -6.47
HAM:LHA
74GF Score
Deutsche Lufthansa AG HAM:LHA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Deutsche Lufthansa AG ROCE % Calculation

Deutsche Lufthansa AG'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 )
=2467/( ( (47052 - 19581) + (48394 - 19941) )/ 2 )
=2467/( (27471+28453)/ 2 )
=2467/27962
=8.82 %

Deutsche Lufthansa AG'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 )
=-1848/( ( (48394 - 19941) + (50696 - 22056) )/ 2 )
=-1848/( ( 28453 + 28640 )/ 2 )
=-1848/28546.5
=-6.47 %

(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 -6.47% mean?
Deutsche Lufthansa AG (HAM:LHA) has a ROCE % of -6.47% as of Mar. 2026.
Is Deutsche Lufthansa AG's ROCE % too high?
Deutsche Lufthansa AG's current ROCE % is -6.47%. Overall, Deutsche Lufthansa AG has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Lufthansa AG's ROCE % compare to DAL and UAL?
Deutsche Lufthansa AG's ROCE % of -6.47% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.73. 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 Transportation company?
The median ROCE % among Transportation companies is 7.73, based on 997 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 Transportation industry, the median ROCE % is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Lufthansa AG's current ROCE % is -6.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Lufthansa AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Lufthansa AG (HAM:LHA) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.88, compared to a current price of €9.53 — trading 21% above its estimated fair value. The current ROCE % is -6.47%. Deutsche Lufthansa AG's overall GF Score™ is 74/100 with 6 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 Deutsche Lufthansa AG (HAM:LHA), the current ROCE % is -6.47% 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 Deutsche Lufthansa AG (HAM:LHA) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche Lufthansa AG stock appears to be overvalued. The current stock price of €9.53 is trading 21% above its estimated GF Value™ of €7.88. GuruFocus considers Deutsche Lufthansa AG to be Modestly Overvalued.

Key valuation signals for HAM:LHA:

  • ROCE %: -6.47%
  • GF Value™: €7.88 vs. price of €9.53 (21% above fair value)
  • GF Score™: 74/100 with 6 warning signs

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

Deutsche Lufthansa AG Business Description

Address Venloer Street 151-153, Cologne, NW, DEU, 50672
Lufthansa AG is a European airline group operating through three primary segments: passenger airlines, logistics (Lufthansa Cargo), and MRO (Lufthansa Technik). The passenger airlines segment includes Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, Eurowings, and the equity interest in SunExpress. As of 2025, Lufthansa also holds a 41% stake in ITA Airways, with strategic integration underway.
74GF Score

Get the complete analysis for HAM:LHA

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

€9.53
Price
€7.88
GF Value