PACCAR (HAM:PAE) ROCE %: 8.23% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:PAE PACCAR Inc HAM:PAE
81 GF Score
Price €117.14
GF Value €75.89
! 7 Warning Signs
View Full Analysis

What is PACCAR ROCE %?

PACCAR HAM:PAE +0.39% 81 ROCE % is 8.23% as of Mar. 2026. GuruFocus rates HAM:PAE with a GF Score™ of 81/100 and a GF Value™ of €75.89. The stock has 7 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. PACCAR's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.23%.

PACCAR  (HAM:PAE) 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.

PACCAR ROCE % Related Terms

PACCAR ROCE % Historical Data

* Premium members only.

The historical data trend for PACCAR'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.

PACCAR ROCE % Chart

PACCAR 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 11.30 16.81 22.69 17.06 8.81

PACCAR 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 11.38 10.22 7.67 7.28 8.23
HAM:PAE
81GF Score
PACCAR Inc HAM:PAE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PACCAR ROCE % Calculation

PACCAR'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 )
=2529.292/( ( (41465.05 - 12386.541) + (37863.115 - 9526.455) )/ 2 )
=2529.292/( (29078.509+28336.66)/ 2 )
=2529.292/28707.5845
=8.81 %

PACCAR'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 )
=2334.116/( ( (37863.115 - 9526.455) + (37673.777 - 9306.708) )/ 2 )
=2334.116/( ( 28336.66 + 28367.069 )/ 2 )
=2334.116/28351.8645
=8.23 %

(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 8.23% mean?
PACCAR (HAM:PAE) has a ROCE % of 8.23% as of Mar. 2026.
Is PACCAR's ROCE % too high?
PACCAR's current ROCE % is 8.23%. The Farm & Heavy Construction Machinery industry median ROCE % is 9.18. PACCAR's value of 8.23% is 10.3% below this industry median. Overall, PACCAR has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does PACCAR's ROCE % compare to CNH and OSK?
PACCAR's ROCE % of 8.23% can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median ROCE % is 9.18. PACCAR's value of 8.23% is 10.3% 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 Farm & Heavy Construction Machinery company?
The median ROCE % among Farm & Heavy Construction Machinery companies is 9.18, based on 205 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. PACCAR's current ROCE % of 8.23% is 10.3% 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 Farm & Heavy Construction Machinery industry, the median ROCE % is 9.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PACCAR's current ROCE % is 8.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PACCAR stock overvalued right now?
PACCAR (HAM:PAE) has a current ROCE % of 8.23%. The stock's GF Value™ is €75.89, compared to a current price of €117.14 — trading 54.4% above its estimated fair value. The current ROCE % is 8.23% and 10.3% below the Farm & Heavy Construction Machinery industry median of 9.18. PACCAR's overall GF Score™ is 81/100 with 7 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 PACCAR (HAM:PAE), the current ROCE % is 8.23% 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 PACCAR (HAM:PAE) Overvalued in 2026?

Based on GuruFocus' analysis, PACCAR stock appears to be overvalued. The current stock price of €117.14 is trading 54.4% above its estimated GF Value™ of €75.89.

Key valuation signals for HAM:PAE:

  • ROCE %: 8.23%
  • GF Value™: €75.89 vs. price of €117.14 (54.4% above fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 10.3% below the Farm & Heavy Construction Machinery median

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

PACCAR Business Description

Address 777 - 106th Avenue NE, Bellevue, WA, USA, 98004
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium nameplates Kenworth and Peterbilt, which are primarily sold in the Americas and Australia, and DAF, which primarily services Europe and South America. The trucks segment (74% sales) goes to market through a network of 2,200 independent dealers. Paccar maintains an internal finance subsidiary that provides retail and wholesale financing for customers and dealers (6% sales). In recent years, Paccar has aggressively expanded its parts business (20% of sales), including engines, axles, and transmissions for its own truck brands as well as independent producers. The company commands 30% of the Class 8 market share in North America and 15% of the heavy-duty market share in Europe.
81GF Score

Get the complete analysis for HAM:PAE

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

€117.14
Price
€75.89
GF Value