FirstGroup (LSE:FGP) ROCE %: 13.54% (As of Mar. 2026)

What is FirstGroup ROCE %?

FirstGroup LSE:FGP -1.29% 71 ROCE % is 13.54% as of Mar. 2026. GuruFocus rates LSE:FGP with a GF Score™ of 71/100 and a GF Value™ of £2.00 (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. FirstGroup's annualized ROCE % for the quarter that ended in Mar. 2026 was 13.54%.

FirstGroup (LSE:FGP) 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.

FirstGroup ROCE % Related Terms

FirstGroup ROCE % Historical Data

* Premium members only.

The historical data trend for FirstGroup'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.

FirstGroup ROCE % Chart

FirstGroup Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

Get a 7-Day Free Trial

4.22

7.98

2.95

12.55

12.75

FirstGroup 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															9.99	12.13	14.00	12.24	13.54

71GF Score

FirstGroup PLC LSE:FGP

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

View Full Analysis

FirstGroup ROCE % Calculation

FirstGroup'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 )
	=	220	/	( ( (3661 - 1849.9)	+	(3101.4 - 1461.9) )	/ 2 )
	=	220	/	( (1811.1	+	1639.5)	/ 2 )
	=	220	/	1725.3
	=	12.75 %

FirstGroup'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 )
	=	225.6	/	( ( (3360.7 - 1667.6)	+	(3101.4 - 1461.9) )	/ 2 )
	=	225.6	/	( ( 1693.1	+	1639.5 )	/ 2 )
	=	225.6	/	1666.3
	=	13.54 %

(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 13.54% mean?

FirstGroup (LSE:FGP) has a ROCE % of 13.54% as of Mar. 2026.

Is FirstGroup's ROCE % too high?

FirstGroup's current ROCE % is 13.54%. The Transportation industry median ROCE % is 7.74. FirstGroup's value of 13.54% is 74.9% above this industry median. Overall, FirstGroup has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does FirstGroup's ROCE % compare to UNP and CSX?

FirstGroup's ROCE % of 13.54% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. FirstGroup's value of 13.54% is 74.9% 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 Transportation company?

The median ROCE % among Transportation companies is 7.74, based on 997 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. FirstGroup's current ROCE % of 13.54% is 74.9% 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 Transportation industry, the median ROCE % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FirstGroup's current ROCE % is 13.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is FirstGroup stock overvalued right now?

Based on GuruFocus' analysis, FirstGroup (LSE:FGP) is currently considered Fairly Valued. The stock's GF Value™ is £2.00, compared to a current price of £1.84 — trading 8.1% below its estimated fair value. The current ROCE % is 13.54% and 74.9% above the Transportation industry median of 7.74. FirstGroup's overall GF Score™ is 71/100 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 FirstGroup (LSE:FGP), the current ROCE % is 13.54% 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 FirstGroup (LSE:FGP) Overvalued in 2026?

Based on GuruFocus' analysis, FirstGroup stock appears to be undervalued. The current stock price of £1.84 is trading 8.1% below its estimated GF Value™ of £2.00. GuruFocus considers FirstGroup to be Fairly Valued.

Key valuation signals for LSE:FGP:

ROCE %: 13.54%
GF Value™: £2.00 vs. price of £1.84 (8.1% below fair value)
GF Score™: 71/100 with 3 warning signs
Industry Position: 74.9% above the Transportation median

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

FirstGroup Business Description

Industry Industrials Transportation

Comparable Companies LSE:MCG UNP CSX TSX:CP TSX:CNR NSC WAB SHSE:601816 HKSE:00066 TSE:9020 HKSE:01766 TSE:9022 SHSE:601006 XKRX:064350 XPAR:GET HKSE:03898 XPAR:ALO TSE:9021 HKSE:03969 TSE:9023

Other Exchanges FGROY:USA FGPl:UK FGR:Germany

Address 37 North Wharf Road, 8th Floor, The Point, Paddington, London, GBR, W2 1AF

Website https://www.firstgroupplc.com

FirstGroup PLC is a passenger transportation company domiciled in the United Kingdom. The company organizes itself into segments: Greyhound, First Bus, and First Rail. The Greyhound segment operates intercity coaches in the United States and Canada. First Bus operates buses in the United Kingdom. First Rail operates passenger trains in the United Kingdom. The company derives the majority of its revenue from the United Kingdom.

71GF Score

Get the complete analysis for LSE:FGP

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

£1.84

Price

£2.00

GF Value

View LSE:FGP Analysis

See ROCE % data for all stocks →