AJ Bell (LSE:AJB) ROCE %: 82.12% (As of Mar. 2026)

What is AJ Bell ROCE %?

AJ Bell LSE:AJB -1.60% 96 ROCE % is 82.12% as of Mar. 2026. GuruFocus rates LSE:AJB with a GF Score™ of 96/100 and a GF Value™ of £5.78 (Fairly Valued). 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. AJ Bell's annualized ROCE % for the quarter that ended in Mar. 2026 was 82.12%.

AJ Bell (LSE:AJB) 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.

AJ Bell ROCE % Related Terms

AJ Bell ROCE % Historical Data

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The historical data trend for AJ Bell'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.

AJ Bell ROCE % Chart

AJ Bell Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

ROCE %

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41.06

40.27

54.22

57.50

61.94

AJ Bell Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
ROCE %	Get a 7-Day Free Trial														66.49	50.95	64.45	62.85	82.12

96GF Score

AJ Bell PLC LSE:AJB

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

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AJ Bell ROCE % Calculation

AJ Bell's annualized ROCE % for the fiscal year that ended in Sep. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2025 )		(A: Sep. 2024 )		(A: Sep. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2025 )		(A: Sep. 2024 )		(A: Sep. 2025 )
	=	138.757	/	( ( (288.881 - 70.795)	+	(303.08 - 73.147) )	/ 2 )
	=	138.757	/	( (218.086	+	229.933)	/ 2 )
	=	138.757	/	224.0095
	=	61.94 %

AJ Bell'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: Sep. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Sep. 2025 )		(Q: Mar. 2026 )
	=	186.48	/	( ( (303.08 - 73.147)	+	(293.475 - 69.238) )	/ 2 )
	=	186.48	/	( ( 229.933	+	224.237 )	/ 2 )
	=	186.48	/	227.085
	=	82.12 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 82.12% mean?

AJ Bell (LSE:AJB) has a ROCE % of 82.12% as of Mar. 2026.

Is AJ Bell's ROCE % too high?

AJ Bell's current ROCE % is 82.12%. The Asset Management industry median ROCE % is 4.39. AJ Bell's value of 82.12% is 1770.6% above this industry median. Overall, AJ Bell has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does AJ Bell's ROCE % compare to BLK and BX?

AJ Bell's ROCE % of 82.12% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.39. AJ Bell's value of 82.12% is 1770.6% 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 Asset Management company?

The median ROCE % among Asset Management companies is 4.39, based on 707 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. AJ Bell's current ROCE % of 82.12% is 1770.6% 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 Asset Management industry, the median ROCE % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AJ Bell's current ROCE % is 82.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is AJ Bell stock overvalued right now?

Based on GuruFocus' analysis, AJ Bell (LSE:AJB) is currently considered Fairly Valued. The stock's GF Value™ is £5.78, compared to a current price of £5.85 — trading 1.1% above its estimated fair value. The current ROCE % is 82.12% and 1770.6% above the Asset Management industry median of 4.39. AJ Bell's overall GF Score™ is 96/100 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 AJ Bell (LSE:AJB), the current ROCE % is 82.12% 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 AJ Bell (LSE:AJB) Overvalued in 2026?

Based on GuruFocus' analysis, AJ Bell stock appears to be overvalued. The current stock price of £5.85 is trading 1.1% above its estimated GF Value™ of £5.78. GuruFocus considers AJ Bell to be Fairly Valued.

Key valuation signals for LSE:AJB:

ROCE %: 82.12%
GF Value™: £5.78 vs. price of £5.85 (1.1% above fair value)
GF Score™: 96/100 with 3 warning signs
Industry Position: 1770.6% above the Asset Management median

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

AJ Bell Business Description

Industry Financial Services Asset Management

Comparable Companies LSE:HVPE LSE:INPP LSE:BPT LSE:ATT LSE:HICL LSE:JTC LSE:MNKS LSE:QLT LSE:MYI LSE:FEV BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT OSTO:EQT AMP

Other Exchanges AJBl:UK 3FY:Germany

Address 4 Exchange Quay, Salford Quays, Manchester, GBR, M5 3EE

Website https://www.ajbell.co.uk

AJ Bell PLC is an investment platform in the United Kingdom. The Group has a single operating segment, being investment services in the advised and D2C space, administering investments in SIPPs, ISAs, and General Investment / Dealing Accounts. SIPPs and ISAs, Lifetime ISA, and junior products. The company generates revenue from recurring ad valorem, which includes custody fees, interest income, and investment management fees, and transactional. The company earns its revenue from its domicile country United Kingdom.

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£5.85

Price

£5.78

GF Value

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