CMC Markets (LSE:CMCX) ROCE %: 23.08% (As of Mar. 2026)


LSE:CMCX CMC Markets PLC LSE:CMCX
76 GF Score
Price £4.48
GF Value £2.79
Valuation Significantly Overvalued
! 8 Warning Signs
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What is CMC Markets ROCE %?

CMC Markets LSE:CMCX -0.44% 76 ROCE % is 23.08% as of Mar. 2026. GuruFocus rates LSE:CMCX with a GF Score™ of 76/100 and a GF Value™ of £2.79 (Significantly Overvalued). 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. CMC Markets's annualized ROCE % for the quarter that ended in Mar. 2026 was 23.08%.

CMC Markets  (LSE:CMCX) 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.

CMC Markets ROCE % Related Terms

CMC Markets ROCE % Historical Data

* Premium members only.

The historical data trend for CMC Markets'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.

CMC Markets ROCE % Chart

CMC Markets Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.45 14.15 16.21 20.29 22.76

CMC Markets Semi-Annual Data
Sep16 Mar17 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 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 33.44 24.15 16.53 22.93 23.08
LSE:CMCX
76GF Score
CMC Markets PLC LSE:CMCX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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CMC Markets ROCE % Calculation

CMC Markets's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=104.33/( ( (731.978 - 299.66) + (1006.865 - 522.221) )/ 2 )
=104.33/( (432.318+484.644)/ 2 )
=104.33/458.481
=22.76 %

CMC Markets'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 )
=107.664/( ( (767.46 - 319.055) + (1006.865 - 522.221) )/ 2 )
=107.664/( ( 448.405 + 484.644 )/ 2 )
=107.664/466.5245
=23.08 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 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 23.08% mean?
CMC Markets (LSE:CMCX) has a ROCE % of 23.08% as of Mar. 2026.
Is CMC Markets' ROCE % too high?
CMC Markets' current ROCE % is 23.08%. The Capital Markets industry median ROCE % is 5.64. CMC Markets' value of 23.08% is 309.2% above this industry median. Overall, CMC Markets has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CMC Markets' ROCE % compare to MS and GS?
CMC Markets' ROCE % of 23.08% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.64. CMC Markets' value of 23.08% is 309.2% 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 Capital Markets company?
The median ROCE % among Capital Markets companies is 5.64, based on 693 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. CMC Markets's current ROCE % of 23.08% is 309.2% 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 Capital Markets industry, the median ROCE % is 5.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMC Markets's current ROCE % is 23.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMC Markets stock overvalued right now?
Based on GuruFocus' analysis, CMC Markets (LSE:CMCX) is currently considered Significantly Overvalued. The stock's GF Value™ is £2.79, compared to a current price of £4.48 — trading 60.4% above its estimated fair value. The current ROCE % is 23.08% and 309.2% above the Capital Markets industry median of 5.64. CMC Markets' overall GF Score™ is 76/100 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 CMC Markets (LSE:CMCX), the current ROCE % is 23.08% 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 CMC Markets (LSE:CMCX) Overvalued in 2026?

Based on GuruFocus' analysis, CMC Markets stock appears to be overvalued. The current stock price of £4.48 is trading 60.4% above its estimated GF Value™ of £2.79. GuruFocus considers CMC Markets to be Significantly Overvalued.

Key valuation signals for LSE:CMCX:

  • ROCE %: 23.08%
  • GF Value™: £2.79 vs. price of £4.48 (60.4% above fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 309.2% above the Capital Markets median

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

CMC Markets Business Description

Other Exchanges CMCXl:UKT8Q:Germany
Address 133 Houndsditch, London, GBR, EC3A 7BX
CMC Markets PLC is a United Kingdom-based company that provides an online platform for trading and investing, with a comprehensive retail, professional, and institutional offering. The Group's business consists of two segments, Trading and Investing. The majority of its revenue is generated from the Trading segment, whose core business involves online trading, enabling clients to trade a broad array of financial instruments for short-term investment and hedging purposes. Additionally, the trading segment includes the Treasury Management and Capital Markets Division that invests surplus liquidity to enhance yield. The Investing segment supports clients longer-term investment goals. The group offers online stockbroking services in Australia, the UK, the USA, and Singapore.
76GF Score

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

£4.48
Price
£2.79
GF Value