HKXCF (Hong Kong Exchanges and Clearing) ROCE %: 41.00% (As of Mar. 2026)


HKXCF Hong Kong Exchanges and Clearing Ltd HKXCF
91 GF Score
Price $47.67
GF Value $64.28
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Hong Kong Exchanges and Clearing ROCE %?

Hong Kong Exchanges and Clearing HKXCF +1.22% 91 ROCE % is 41.00% as of Mar. 2026. GuruFocus rates HKXCF with a GF Score™ of 91/100 and a GF Value™ of $64.28 (Modestly Undervalued). The stock has 5 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. Hong Kong Exchanges and Clearing's annualized ROCE % for the quarter that ended in Mar. 2026 was 41.00%.

Hong Kong Exchanges and Clearing  (OTCPK:HKXCF) 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.

Hong Kong Exchanges and Clearing ROCE % Related Terms

Hong Kong Exchanges and Clearing ROCE % Historical Data

* Premium members only.

The historical data trend for Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing ROCE % Chart

Hong Kong Exchanges and Clearing 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 28.16 26.36 36.00 37.20 43.39

Hong Kong Exchanges and Clearing 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 34.94 51.12 39.91 65.44 41.00
HKXCF
91GF Score
Hong Kong Exchanges and Clearing Ltd HKXCF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hong Kong Exchanges and Clearing ROCE % Calculation

Hong Kong Exchanges and Clearing'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 )
=3319.71/( ( (49094.219 - 41748.141) + (74642.068 - 66686.587) )/ 2 )
=3319.71/( (7346.078+7955.481)/ 2 )
=3319.71/7650.7795
=43.39 %

Hong Kong Exchanges and Clearing'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 )
=3178.82/( ( (74642.068 - 66686.587) + (72172.535 - 64619.896) )/ 2 )
=3178.82/( ( 7955.481 + 7552.639 )/ 2 )
=3178.82/7754.06
=41.00 %

(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 41.00% mean?
Hong Kong Exchanges and Clearing (HKXCF) has a ROCE % of 41.00% as of Mar. 2026.
Is Hong Kong Exchanges and Clearing's ROCE % too high?
Hong Kong Exchanges and Clearing's current ROCE % is 41.00%. The Capital Markets industry median ROCE % is 5.58. Hong Kong Exchanges and Clearing's value of 41.00% is 635.4% above this industry median. Overall, Hong Kong Exchanges and Clearing has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Exchanges and Clearing's ROCE % compare to SPGI and CME?
Hong Kong Exchanges and Clearing's ROCE % of 41.00% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. Hong Kong Exchanges and Clearing's value of 41.00% is 635.4% 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 Capital Markets company?
The median ROCE % among Capital Markets companies is 5.58, based on 690 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. Hong Kong Exchanges and Clearing's current ROCE % of 41.00% is 635.4% 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 Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong Exchanges and Clearing's current ROCE % is 41.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Exchanges and Clearing stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Exchanges and Clearing (HKXCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $64.28, compared to a current price of $47.67 — trading 25.8% below its estimated fair value. The current ROCE % is 41.00% and 635.4% above the Capital Markets industry median of 5.58. Hong Kong Exchanges and Clearing's overall GF Score™ is 91/100 with 5 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 Hong Kong Exchanges and Clearing (HKXCF), the current ROCE % is 41.00% 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 Hong Kong Exchanges and Clearing (HKXCF) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Kong Exchanges and Clearing stock appears to be undervalued. The current stock price of $47.67 is trading 25.8% below its estimated GF Value™ of $64.28. GuruFocus considers Hong Kong Exchanges and Clearing to be Modestly Undervalued.

Key valuation signals for HKXCF:

  • ROCE %: 41.00%
  • GF Value™: $64.28 vs. price of $47.67 (25.8% below fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 635.4% above the Capital Markets median

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

Hong Kong Exchanges and Clearing Business Description

Address 8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG
Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
91GF Score

Get the complete analysis for HKXCF

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

$47.67
Price
$64.28
GF Value