Hays (LSE:HAS) ROCE %: 5.21% (As of Dec. 2025)

What is Hays ROCE %?

Hays LSE:HAS +0.12% 40 ROCE % is 5.21% as of Dec. 2025. GuruFocus rates LSE:HAS with a GF Score™ of 40/100 and a GF Value™ of £0.77 (Possible Value Trap). The stock has 9 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. Hays's annualized ROCE % for the quarter that ended in Dec. 2025 was 5.21%.

Hays (LSE:HAS) 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.

Hays ROCE % Related Terms

Hays ROCE % Historical Data

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The historical data trend for Hays'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.

Hays ROCE % Chart

Hays Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROCE %

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9.05

20.96

22.16

3.49

2.29

Hays 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															7.95	-1.38	6.14	-1.69	5.21

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Hays PLC LSE:HAS

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

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Hays ROCE % Calculation

Hays'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 )
	=	17.1	/	( ( (1817.3 - 1046.9)	+	(1769.1 - 1048.6) )	/ 2 )
	=	17.1	/	( (770.4	+	720.5)	/ 2 )
	=	17.1	/	745.45
	=	2.29 %

Hays'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 )
	=	37.6	/	( ( (1769.1 - 1048.6)	+	(1678.1 - 954.7) )	/ 2 )
	=	37.6	/	( ( 720.5	+	723.4 )	/ 2 )
	=	37.6	/	721.95
	=	5.21 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 5.21% mean?

Hays (LSE:HAS) has a ROCE % of 5.21% as of Dec. 2025.

Is Hays' ROCE % too high?

Hays' current ROCE % is 5.21%. The Business Services industry median ROCE % is 8.88. Hays' value of 5.21% is 41.3% below this industry median. Overall, Hays has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Hays' ROCE % compare to KFY and RHI?

Hays' ROCE % of 5.21% can be compared against companies in the Business Services industry. The industry median ROCE % is 8.88. Hays' value of 5.21% is 41.3% below 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 Business Services company?

The median ROCE % among Business Services companies is 8.88, based on 1,070 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. Hays's current ROCE % of 5.21% is 41.3% below 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 Business Services industry, the median ROCE % is 8.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hays's current ROCE % is 5.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hays stock overvalued right now?

Based on GuruFocus' analysis, Hays (LSE:HAS) is currently considered Possible Value Trap. The stock's GF Value™ is £0.77, compared to a current price of £0.32 — trading 58.1% below its estimated fair value. The current ROCE % is 5.21% and 41.3% below the Business Services industry median of 8.88. Hays' overall GF Score™ is 40/100 with 9 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 Hays (LSE:HAS), the current ROCE % is 5.21% 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 Hays (LSE:HAS) Overvalued in 2026?

Based on GuruFocus' analysis, Hays stock appears to be undervalued. The current stock price of £0.32 is trading 58.1% below its estimated GF Value™ of £0.77. GuruFocus considers Hays to be Possible Value Trap.

Key valuation signals for LSE:HAS:

ROCE %: 5.21%
GF Value™: £0.77 vs. price of £0.32 (58.1% below fair value)
GF Score™: 40/100 with 9 warning signs
Industry Position: 41.3% below the Business Services median

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

Hays Business Description

Industry Industrials Business Services

Comparable Companies LSE:PAGE LSE:STEM LSE:RWA LSE:STAF LSE:GATC LSE:HERC LSE:RTC LSE:EMR LSE:NBB XAMS:RAND XSWX:ADEN KFY TSE:2181 RHI TNET HKSE:02225 MAN TSE:9744 NSP SHSE:600861

Other Exchanges HAYPY:USA HASl:UK HAY:Germany

Address 107 Cheapside, 4th Floor, London, GBR, EC2V 6DN

Website https://www.haysplc.com

Hays PLC is a recruitment company, providing staffing solutions across various sectors, including information technology, construction, finance, education, and healthcare. The company generates revenue prominently through fees for placing candidates in permanent, temporary, and contract roles. It also offers workforce solutions such as recruitment process outsourcing, managed service programs, and advisory services. Hays operates its business in four regions: Germany, the United Kingdom & Ireland, Australia & New Zealand, and the Rest of the World. Its business model focuses on matching skilled professionals with employer needs through a network of recruitment consultants and digital platforms, without owning physical labor assets.

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£0.32

Price

£0.77

GF Value

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