HKHHF (Heineken Holding NV) ROCE %: 11.23% (As of Dec. 2025)


HKHHF Heineken Holding NV HKHHF
81 GF Score
Price $73.85
GF Value $78.36
Valuation Fairly Valued
! 7 Warning Signs
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What is Heineken Holding NV ROCE %?

Heineken Holding NV HKHHF 81 ROCE % is 11.23% as of Dec. 2025. GuruFocus rates HKHHF with a GF Score™ of 81/100 and a GF Value™ of $78.36 (Fairly Valued). 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. Heineken Holding NV's annualized ROCE % for the quarter that ended in Dec. 2025 was 11.23%.

Heineken Holding NV  (OTCPK:HKHHF) 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.

Heineken Holding NV ROCE % Related Terms

Heineken Holding NV ROCE % Historical Data

* Premium members only.

The historical data trend for Heineken Holding NV'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.

Heineken Holding NV ROCE % Chart

Heineken Holding NV 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 13.59 12.03 8.30 6.72 9.75

Heineken Holding NV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 8.18 3.43 10.27 8.44 11.23
HKHHF
81GF Score
Heineken Holding NV HKHHF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Heineken Holding NV ROCE % Calculation

Heineken Holding NV'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 )
=4261.124/( ( (55994.764 - 14908.901) + (62615.925 - 16313.817) )/ 2 )
=4261.124/( (41085.863+46302.108)/ 2 )
=4261.124/43693.9855
=9.75 %

Heineken Holding NV's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=4962.53/( ( (59192.618 - 17144.175) + (62615.925 - 16313.817) )/ 2 )
=4962.53/( ( 42048.443 + 46302.108 )/ 2 )
=4962.53/44175.2755
=11.23 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) 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 11.23% mean?
Heineken Holding NV (HKHHF) has a ROCE % of 11.23% as of Dec. 2025.
Is Heineken Holding NV's ROCE % too high?
Heineken Holding NV's current ROCE % is 11.23%. The Beverages - Alcoholic industry median ROCE % is 7.59. Heineken Holding NV's value of 11.23% is 48.1% above this industry median. Overall, Heineken Holding NV has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heineken Holding NV's ROCE % compare to STZ and TAP?
Heineken Holding NV's ROCE % of 11.23% can be compared against companies in the Beverages - Alcoholic industry. The industry median ROCE % is 7.59. Heineken Holding NV's value of 11.23% is 48.1% above 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 Beverages - Alcoholic company?
The median ROCE % among Beverages - Alcoholic companies is 7.59, based on 208 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. Heineken Holding NV's current ROCE % of 11.23% is 48.1% above 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 Beverages - Alcoholic industry, the median ROCE % is 7.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken Holding NV's current ROCE % is 11.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Holding NV stock overvalued right now?
Based on GuruFocus' analysis, Heineken Holding NV (HKHHF) is currently considered Fairly Valued. The stock's GF Value™ is $78.36, compared to a current price of $73.85 — trading 5.8% below its estimated fair value. The current ROCE % is 11.23% and 48.1% above the Beverages - Alcoholic industry median of 7.59. Heineken Holding NV'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 Heineken Holding NV (HKHHF), the current ROCE % is 11.23% as of Dec. 2025. 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 Heineken Holding NV (HKHHF) Overvalued in 2026?

Based on GuruFocus' analysis, Heineken Holding NV stock appears to be undervalued. The current stock price of $73.85 is trading 5.8% below its estimated GF Value™ of $78.36. GuruFocus considers Heineken Holding NV to be Fairly Valued.

Key valuation signals for HKHHF:

  • ROCE %: 11.23%
  • GF Value™: $78.36 vs. price of $73.85 (5.8% below fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 48.1% above the Beverages - Alcoholic median

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

Heineken Holding NV Business Description

Address Tweede Weteringplantsoen 5, PO Box 28, Amsterdam, NH, NLD, 1017 ZD
Heineken Holding NV, through its subsidiary, is involved in the brewing and selling of beer and cider. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. The company has five reportable segments: Europe, Americas, Africa & Middle East, Asia Pacific and Heineken N.V. Head Office & Other/Eliminations. The majority of the revenue is generated from the Europe segment.
81GF Score

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

$73.85
Price
$78.36
GF Value