Tesla (HAM:TL0) ROCE %: 3.14% (As of Mar. 2026)


HAM:TL0 Tesla Inc HAM:TL0
84 GF Score
Price €337.15
GF Value €252.87
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Tesla ROCE %?

Tesla HAM:TL0 +0.64% 84 ROCE % is 3.14% as of Mar. 2026. GuruFocus rates HAM:TL0 with a GF Score™ of 84/100 and a GF Value™ of €252.87 (Significantly 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. Tesla's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.14%.

Tesla  (HAM:TL0) 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.

Tesla ROCE % Related Terms

Tesla ROCE % Historical Data

* Premium members only.

The historical data trend for Tesla'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.

Tesla ROCE % Chart

Tesla 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 17.30 29.16 14.99 11.12 5.34

Tesla 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 2.84 6.53 8.03 4.86 3.14
HAM:TL0
84GF Score
Tesla Inc HAM:TL0
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tesla ROCE % Calculation

Tesla'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 )
=4796.064/( ( (116576.85 - 27524.055) + (117686.324 - 27083.756) )/ 2 )
=4796.064/( (89052.795+90602.568)/ 2 )
=4796.064/89827.6815
=5.34 %

Tesla'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 )
=2906.4/( ( (117686.324 - 27083.756) + (124321.26 - 29529.37) )/ 2 )
=2906.4/( ( 90602.568 + 94791.89 )/ 2 )
=2906.4/92697.229
=3.14 %

(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 3.14% mean?
Tesla (HAM:TL0) has a ROCE % of 3.14% as of Mar. 2026.
Is Tesla's ROCE % too high?
Tesla's current ROCE % is 3.14%. The Vehicles & Parts industry median ROCE % is 7.94. Tesla's value of 3.14% is 60.5% below this industry median. Overall, Tesla has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tesla's ROCE % compare to GM and F?
Tesla's ROCE % of 3.14% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Tesla's value of 3.14% is 60.5% 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 Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 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. Tesla's current ROCE % of 3.14% is 60.5% 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 Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tesla's current ROCE % is 3.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tesla stock overvalued right now?
Based on GuruFocus' analysis, Tesla (HAM:TL0) is currently considered Significantly Overvalued. The stock's GF Value™ is €252.87, compared to a current price of €337.15 — trading 33.3% above its estimated fair value. The current ROCE % is 3.14% and 60.5% below the Vehicles & Parts industry median of 7.94. Tesla's overall GF Score™ is 84/100 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 Tesla (HAM:TL0), the current ROCE % is 3.14% 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 Tesla (HAM:TL0) Overvalued in 2026?

Based on GuruFocus' analysis, Tesla stock appears to be overvalued. The current stock price of €337.15 is trading 33.3% above its estimated GF Value™ of €252.87. GuruFocus considers Tesla to be Significantly Overvalued.

Key valuation signals for HAM:TL0:

  • ROCE %: 3.14%
  • GF Value™: €252.87 vs. price of €337.15 (33.3% above fair value)
  • GF Score™: 84/100 with 6 warning signs
  • Industry Position: 60.5% below the Vehicles & Parts median

No single metric tells the full story. See the HAM:TL0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tesla Business Description

Address 1 Tesla Road, Austin, TX, USA, 78725
Tesla is a vertically integrated battery electric vehicle automaker and developer of real-world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include a midsize sedan and crossover SUV in the entry-level luxury category, a luxury light truck, and a semitruck. Tesla also runs a robotaxi service in four US metropolitan areas. Global deliveries in 2025 were nearly 1.64 million vehicles. Additionally, the company sells batteries for stationary storage for residential and commercial properties, including utilities, solar panels, and solar roofs for energy generation. Tesla also owns a fast-charging network and a US auto insurance business.
84GF Score

Get the complete analysis for HAM:TL0

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

€337.15
Price
€252.87
GF Value