Ashmore Group (LSE:ASHM) ROCE %: 20.38% (As of Dec. 2025)


LSE:ASHM Ashmore Group PLC LSE:ASHM
79 GF Score
Price £1.97
GF Value £1.44
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Ashmore Group ROCE %?

Ashmore Group LSE:ASHM +0.15% 79 ROCE % is 20.38% as of Dec. 2025. GuruFocus rates LSE:ASHM with a GF Score™ of 79/100 and a GF Value™ of £1.44 (Significantly Overvalued). The stock has 6 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. Ashmore Group's annualized ROCE % for the quarter that ended in Dec. 2025 was 20.38%.

Ashmore Group  (LSE:ASHM) 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.

Ashmore Group ROCE % Related Terms

Ashmore Group ROCE % Historical Data

* Premium members only.

The historical data trend for Ashmore Group'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.

Ashmore Group ROCE % Chart

Ashmore Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.67 12.30 11.75 14.03 12.76

Ashmore Group 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 16.40 11.97 11.49 14.32 20.38
LSE:ASHM
79GF Score
Ashmore Group PLC LSE:ASHM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ashmore Group ROCE % Calculation

Ashmore Group'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 )
=108.9/( ( (979.7 - 75.5) + (908.1 - 105.2) )/ 2 )
=108.9/( (904.2+802.9)/ 2 )
=108.9/853.55
=12.76 %

Ashmore Group'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 )
=164.2/( ( (908.1 - 105.2) + (961.5 - 153.4) )/ 2 )
=164.2/( ( 802.9 + 808.1 )/ 2 )
=164.2/805.5
=20.38 %

(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 20.38% mean?
Ashmore Group (LSE:ASHM) has a ROCE % of 20.38% as of Dec. 2025.
Is Ashmore Group's ROCE % too high?
Ashmore Group's current ROCE % is 20.38%. The Asset Management industry median ROCE % is 4.43. Ashmore Group's value of 20.38% is 360.6% above this industry median. Overall, Ashmore Group has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashmore Group's ROCE % compare to BLK and BX?
Ashmore Group's ROCE % of 20.38% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.43. Ashmore Group's value of 20.38% is 360.6% 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 4.43, based on 708 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. Ashmore Group's current ROCE % of 20.38% is 360.6% 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 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashmore Group's current ROCE % is 20.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashmore Group stock overvalued right now?
Based on GuruFocus' analysis, Ashmore Group (LSE:ASHM) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.44, compared to a current price of £1.97 — trading 36.7% above its estimated fair value. The current ROCE % is 20.38% and 360.6% above the Asset Management industry median of 4.43. Ashmore Group's overall GF Score™ is 79/100 with 6 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 Ashmore Group (LSE:ASHM), the current ROCE % is 20.38% 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 Ashmore Group (LSE:ASHM) Overvalued in 2026?

Based on GuruFocus' analysis, Ashmore Group stock appears to be overvalued. The current stock price of £1.97 is trading 36.7% above its estimated GF Value™ of £1.44. GuruFocus considers Ashmore Group to be Significantly Overvalued.

Key valuation signals for LSE:ASHM:

  • ROCE %: 20.38%
  • GF Value™: £1.44 vs. price of £1.97 (36.7% above fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 360.6% above the Asset Management median

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

Ashmore Group Business Description

Address 61 Aldwych, 5th Floor, London, GBR, WC2B 4AE
Ashmore Group PLC is a value-oriented asset management firm that focuses its investments on emerging markets. It offers a diverse range of both traditional and alternative investment strategies to its client base globally, including both institutional and retail investors. The company invests in sovereign debt instruments, currencies, corporate debt, equities, derivatives, private equity, real estate, distressed debt, and other special situations. The firm reports on changes in assets under management as the majority of its revenue is derived from management fees. The company also benefits from performance fees on its investments. Geographically, the group derives maximum revenue from the United Kingdom and Ireland, followed by the Americas, and Asia and the Middle East.
79GF Score

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

£1.97
Price
£1.44
GF Value