Aveng (JSE:AEG) ROCE %: 5.61% (As of Dec. 2025)

What is Aveng ROCE %?

Aveng JSE:AEG -1.69% 48 ROCE % is 5.61% as of Dec. 2025. GuruFocus rates JSE:AEG with a GF Score™ of 48/100 and a GF Value™ of R7.63 (Significantly Undervalued). The stock has 4 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. Aveng's annualized ROCE % for the quarter that ended in Dec. 2025 was 5.61%.

Aveng (JSE:AEG) 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.

Aveng ROCE % Related Terms

Aveng ROCE % Historical Data

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The historical data trend for Aveng'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.

Aveng ROCE % Chart

Aveng Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROCE %

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30.68

4.79

-18.91

8.09

-13.35

Aveng 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															5.74	10.55	-8.31	-19.37	5.61

48GF Score

Aveng Ltd JSE:AEG

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Aveng ROCE % Calculation

Aveng's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	-676.874	/	( ( (15451.454 - 9470.281)	+	(12053.192 - 7891.039) )	/ 2 )
	=	-676.874	/	( (5981.173	+	4162.153)	/ 2 )
	=	-676.874	/	5071.663
	=	-13.35 %

Aveng'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 )
	=	225.01	/	( ( (12053.192 - 7891.039)	+	(10601.436 - 6743.526) )	/ 2 )
	=	225.01	/	( ( 4162.153	+	3857.91 )	/ 2 )
	=	225.01	/	4010.0315
	=	5.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 5.61% mean?

Aveng (JSE:AEG) has a ROCE % of 5.61% as of Dec. 2025.

Is Aveng's ROCE % too high?

Aveng's current ROCE % is 5.61%. The Construction industry median ROCE % is 8.22. Aveng's value of 5.61% is 31.8% below this industry median. Overall, Aveng has a GF Score™ of 48/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Aveng's ROCE % compare to PWR and FIX?

Aveng's ROCE % of 5.61% can be compared against companies in the Construction industry. The industry median ROCE % is 8.22. Aveng's value of 5.61% is 31.8% 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 Construction company?

The median ROCE % among Construction companies is 8.22, based on 1,749 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. Aveng's current ROCE % of 5.61% is 31.8% 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 Construction industry, the median ROCE % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aveng's current ROCE % is 5.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Aveng stock overvalued right now?

Based on GuruFocus' analysis, Aveng (JSE:AEG) is currently considered Significantly Undervalued. The stock's GF Value™ is R7.63, compared to a current price of R4.07 — trading 46.7% below its estimated fair value. The current ROCE % is 5.61% and 31.8% below the Construction industry median of 8.22. Aveng's overall GF Score™ is 48/100 with 4 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 Aveng (JSE:AEG), the current ROCE % is 5.61% 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 Aveng (JSE:AEG) Overvalued in 2026?

Based on GuruFocus' analysis, Aveng stock appears to be undervalued. The current stock price of R4.07 is trading 46.7% below its estimated GF Value™ of R7.63. GuruFocus considers Aveng to be Significantly Undervalued.

Key valuation signals for JSE:AEG:

ROCE %: 5.61%
GF Value™: R7.63 vs. price of R4.07 (46.7% below fair value)
GF Score™: 48/100 with 4 warning signs
Industry Position: 31.8% below the Construction median

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

Aveng Business Description

Industry Industrials Construction

Comparable Companies JSE:SSK JSE:MDI PWR XPAR:DG FIX NSE:LT XKRX:028260 XAMS:FER XTER:HOT XMAD:ACS EME MTZ SHSE:601668 STRL XPAR:EN APG TSX:WSP XMAD:ANA TSE:1812 HKSE:03996

Other Exchanges UG8K:Germany

Address 2 Merlin Rose Avenue, Parkhaven, Boksburg, GT, ZAF, 1459

Website https://www.aveng.co.za

Aveng Ltd is in the construction and engineering business. It has the following segments; the Infrastructure segment comprises McConnell Dowell and is divided into Australia, New Zealand and Pacific Islands, and Southeast Asia; the Building segment comprises Built Environs, an infrastructure-led specialist with experience in sport, health and science, defence, education, residential, commercial, retail, industrial, and infrastructure sectors; the Mining segment comprises Moolmans, a tier-one contract mining business operating in Africa with a primary focus on open cast mining; and Aveng Legacy; and the Aveng Corporate segment. It generates the majority of its revenue from the Infrastructure segment.

48GF Score

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

R4.07

Price

R7.63

GF Value

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