First Property Group (LSE:FPO) ROCE %: 6.68% (As of Mar. 2026)


LSE:FPO First Property Group PLC LSE:FPO
45 GF Score
Price £0.14
GF Value £0.16
Valuation Modestly Undervalued
! 4 Warning Signs
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What is First Property Group ROCE %?

First Property Group LSE:FPO +3.77% 45 ROCE % is 6.68% as of Mar. 2026. GuruFocus rates LSE:FPO with a GF Score™ of 45/100 and a GF Value™ of £0.16 (Modestly Undervalued). The stock has 4 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. First Property Group's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.68%.

First Property Group  (LSE:FPO) 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.

First Property Group ROCE % Related Terms

First Property Group ROCE % Historical Data

* Premium members only.

The historical data trend for First Property 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.

First Property Group ROCE % Chart

First Property Group 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 12.37 4.22 -5.37 6.30 6.24

First Property Group 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 -11.03 5.41 7.48 5.59 6.68
LSE:FPO
45GF Score
First Property Group PLC LSE:FPO
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Property Group ROCE % Calculation

First Property Group'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 )
=3.891/( ( (78.711 - 19.282) + (69.897 - 4.535) )/ 2 )
=3.891/( (59.429+65.362)/ 2 )
=3.891/62.3955
=6.24 %

First Property Group'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 )
=4.326/( ( (68.446 - 4.332) + (69.897 - 4.535) )/ 2 )
=4.326/( ( 64.114 + 65.362 )/ 2 )
=4.326/64.738
=6.68 %

(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 6.68% mean?
First Property Group (LSE:FPO) has a ROCE % of 6.68% as of Mar. 2026.
Is First Property Group's ROCE % too high?
First Property Group's current ROCE % is 6.68%. The Real Estate industry median ROCE % is 4.66. First Property Group's value of 6.68% is 43.3% above this industry median. Overall, First Property Group has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Property Group's ROCE % compare to CBRE and BEKE?
First Property Group's ROCE % of 6.68% can be compared against companies in the Real Estate industry. The industry median ROCE % is 4.66. First Property Group's value of 6.68% is 43.3% 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 a Real Estate company?
The median ROCE % among Real Estate companies is 4.66, based on 1,757 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. First Property Group's current ROCE % of 6.68% is 43.3% 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 Real Estate industry, the median ROCE % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Property Group's current ROCE % is 6.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Property Group stock overvalued right now?
Based on GuruFocus' analysis, First Property Group (LSE:FPO) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.16, compared to a current price of £0.14 — trading 14.1% below its estimated fair value. The current ROCE % is 6.68% and 43.3% above the Real Estate industry median of 4.66. First Property Group's overall GF Score™ is 45/100 with 4 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 First Property Group (LSE:FPO), the current ROCE % is 6.68% 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 First Property Group (LSE:FPO) Overvalued in 2026?

Based on GuruFocus' analysis, First Property Group stock appears to be undervalued. The current stock price of £0.14 is trading 14.1% below its estimated GF Value™ of £0.16. GuruFocus considers First Property Group to be Modestly Undervalued.

Key valuation signals for LSE:FPO:

  • ROCE %: 6.68%
  • GF Value™: £0.16 vs. price of £0.14 (14.1% below fair value)
  • GF Score™: 45/100 with 4 warning signs
  • Industry Position: 43.3% above the Real Estate median

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

First Property Group Business Description

Address 32 St James’s Street, London, GBR, SW1A 1HD
First Property Group PLC is a property fund manager and investor with operations in the United Kingdom and Central Europe mainly in Poland. The company is organized into three segments including Property Fund Management, Group Properties, and the Associates and Investments. It generates the majority of its revenue from the Group Properties segment. The Group Properties segment comprises the revenues and profits from its trading in its properties including rental and service charge income from the properties owned by the company.
45GF Score

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

£0.14
Price
£0.16
GF Value