Exxaro Resources (JSE:EXX) ROCE %: 13.03% (As of Dec. 2025)


JSE:EXX Exxaro Resources Ltd JSE:EXX
79 GF Score
Price R201.55
GF Value R197.54
Valuation Fairly Valued
! 8 Warning Signs
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What is Exxaro Resources ROCE %?

Exxaro Resources JSE:EXX +0.43% 79 ROCE % is 13.03% as of Dec. 2025. GuruFocus rates JSE:EXX with a GF Score™ of 79/100 and a GF Value™ of R197.54 (Fairly Valued). The stock has 8 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. Exxaro Resources's annualized ROCE % for the quarter that ended in Dec. 2025 was 13.03%.

Exxaro Resources  (JSE:EXX) 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.

Exxaro Resources ROCE % Related Terms

Exxaro Resources ROCE % Historical Data

* Premium members only.

The historical data trend for Exxaro Resources'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.

Exxaro Resources ROCE % Chart

Exxaro Resources 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 25.01 30.85 23.10 15.63 14.42

Exxaro Resources 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 21.39 15.26 16.30 16.36 13.03
JSE:EXX
79GF Score
Exxaro Resources Ltd JSE:EXX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Exxaro Resources ROCE % Calculation

Exxaro Resources'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 )
=13390/( ( (94716 - 5815) + (103210 - 6405) )/ 2 )
=13390/( (88901+96805)/ 2 )
=13390/92853
=14.42 %

Exxaro Resources'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 )
=12160/( ( (97736 - 7856) + (103210 - 6405) )/ 2 )
=12160/( ( 89880 + 96805 )/ 2 )
=12160/93342.5
=13.03 %

(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 13.03% mean?
Exxaro Resources (JSE:EXX) has a ROCE % of 13.03% as of Dec. 2025.
Is Exxaro Resources' ROCE % too high?
Exxaro Resources' current ROCE % is 13.03%. The Other Energy Sources industry median ROCE % is 1.16. Exxaro Resources' value of 13.03% is 1023.3% above this industry median. Overall, Exxaro Resources has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Exxaro Resources' ROCE % compare to CNR?
Exxaro Resources' ROCE % of 13.03% can be compared against companies in the Other Energy Sources industry. The industry median ROCE % is 1.16. Exxaro Resources' value of 13.03% is 1023.3% 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 an Other Energy Sources company?
The median ROCE % among Other Energy Sources companies is 1.16, based on 177 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. Exxaro Resources's current ROCE % of 13.03% is 1023.3% 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 Other Energy Sources industry, the median ROCE % is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exxaro Resources's current ROCE % is 13.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exxaro Resources stock overvalued right now?
Based on GuruFocus' analysis, Exxaro Resources (JSE:EXX) is currently considered Fairly Valued. The stock's GF Value™ is R197.54, compared to a current price of R201.55 — trading 2% above its estimated fair value. The current ROCE % is 13.03% and 1023.3% above the Other Energy Sources industry median of 1.16. Exxaro Resources' overall GF Score™ is 79/100 with 8 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 Exxaro Resources (JSE:EXX), the current ROCE % is 13.03% 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 Exxaro Resources (JSE:EXX) Overvalued in 2026?

Based on GuruFocus' analysis, Exxaro Resources stock appears to be overvalued. The current stock price of R201.55 is trading 2% above its estimated GF Value™ of R197.54. GuruFocus considers Exxaro Resources to be Fairly Valued.

Key valuation signals for JSE:EXX:

  • ROCE %: 13.03%
  • GF Value™: R197.54 vs. price of R201.55 (2% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 1023.3% above the Other Energy Sources median

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

Exxaro Resources Business Description

Other Exchanges EXXAF:USALCQ:Germany
Address 263B West Avenue, Die Hoewes, The conneXXion, Centurion, GT, ZAF, 0163
Exxaro Resources Ltd is one of the South Africa-based diversified resources companies. The company's operating segments are: Coal, Energy, Metals, and Others. The majority of its revenue comes from the coal segment, whose operations are located in the Waterberg and Mpumalanga regions and are split between coal commercial operations and coal-tied operations and produce thermal and metallurgical coal, Commercial Waterberg is comprised mainly of the Grootegeluk operation, Commercial Mpumalanga comprising the Belfast and Leeuwpan operations, and Tied comprising of the Matla mine supplying its entire coal supply to Eskom; and Others comprises of the other coal affiliated operation. Geographically, the company derives majority of its revenue from the RSA region ( Republic of South Africa).
79GF Score

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

R201.55
Price
R197.54
GF Value