Adcorp Holdings (JSE:ADR) ROCE %: 12.08% (As of Feb. 2026)


JSE:ADR Adcorp Holdings Ltd JSE:ADR
63 GF Score
Price R6.25
GF Value R4.60
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Adcorp Holdings ROCE %?

Adcorp Holdings JSE:ADR +4.17% 63 ROCE % is 12.08% as of Feb. 2026. GuruFocus rates JSE:ADR with a GF Score™ of 63/100 and a GF Value™ of R4.60 (Significantly Overvalued). The stock has 3 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. Adcorp Holdings's annualized ROCE % for the quarter that ended in Feb. 2026 was 12.08%.

Adcorp Holdings  (JSE:ADR) 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.

Adcorp Holdings ROCE % Related Terms

Adcorp Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Adcorp Holdings'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.

Adcorp Holdings ROCE % Chart

Adcorp Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.98 8.84 7.49 9.95 10.52

Adcorp Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 8.30 5.36 14.86 8.79 12.08
JSE:ADR
63GF Score
Adcorp Holdings Ltd JSE:ADR
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Adcorp Holdings ROCE % Calculation

Adcorp Holdings's annualized ROCE % for the fiscal year that ended in Feb. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=193.725/( ( (3268.18 - 1401.084) + (3026.537 - 1209.48) )/ 2 )
=193.725/( (1867.096+1817.057)/ 2 )
=193.725/1842.0765
=10.52 %

Adcorp Holdings's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=222.998/( ( (3173.425 - 1298.211) + (3026.537 - 1209.48) )/ 2 )
=222.998/( ( 1875.214 + 1817.057 )/ 2 )
=222.998/1846.1355
=12.08 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 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 12.08% mean?
Adcorp Holdings (JSE:ADR) has a ROCE % of 12.08% as of Feb. 2026.
Is Adcorp Holdings' ROCE % too high?
Adcorp Holdings' current ROCE % is 12.08%. The Business Services industry median ROCE % is 8.88. Adcorp Holdings' value of 12.08% is 36% above this industry median. Overall, Adcorp Holdings has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adcorp Holdings' ROCE % compare to KFY and RHI?
Adcorp Holdings' ROCE % of 12.08% can be compared against companies in the Business Services industry. The industry median ROCE % is 8.88. Adcorp Holdings' value of 12.08% is 36% 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 Business Services company?
The median ROCE % among Business Services companies is 8.88, based on 1,070 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. Adcorp Holdings's current ROCE % of 12.08% is 36% 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 Business Services industry, the median ROCE % is 8.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adcorp Holdings's current ROCE % is 12.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adcorp Holdings (JSE:ADR) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.60, compared to a current price of R6.25 — trading 35.9% above its estimated fair value. The current ROCE % is 12.08% and 36% above the Business Services industry median of 8.88. Adcorp Holdings' overall GF Score™ is 63/100 with 3 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 Adcorp Holdings (JSE:ADR), the current ROCE % is 12.08% as of Feb. 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 Adcorp Holdings (JSE:ADR) Overvalued in 2026?

Based on GuruFocus' analysis, Adcorp Holdings stock appears to be overvalued. The current stock price of R6.25 is trading 35.9% above its estimated GF Value™ of R4.60. GuruFocus considers Adcorp Holdings to be Significantly Overvalued.

Key valuation signals for JSE:ADR:

  • ROCE %: 12.08%
  • GF Value™: R4.60 vs. price of R6.25 (35.9% above fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 36% above the Business Services median

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

Adcorp Holdings Business Description

Address 102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191
Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.
63GF Score

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

R6.25
Price
R4.60
GF Value