Hardide (LSE:HDD) ROCE %: 39.41% (As of Mar. 2026)

What is Hardide ROCE %?

Hardide LSE:HDD 42 ROCE % is 39.41% as of Mar. 2026. GuruFocus rates LSE:HDD with a GF Score™ of 42/100 and a GF Value™ of £0.13 (Significantly Overvalued). The stock has 5 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. Hardide's annualized ROCE % for the quarter that ended in Mar. 2026 was 39.41%.

Hardide (LSE:HDD) 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.

Hardide ROCE % Related Terms

Hardide ROCE % Historical Data

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The historical data trend for Hardide'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.

Hardide ROCE % Chart

Hardide Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

ROCE %

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-27.70

-24.98

-13.50

-18.05

4.40

Hardide 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															-25.95	-9.68	0.27	8.68	39.41

42GF Score

Hardide PLC LSE:HDD

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Hardide ROCE % Calculation

Hardide's annualized ROCE % for the fiscal year that ended in Sep. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2025 )		(A: Sep. 2024 )		(A: Sep. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2025 )		(A: Sep. 2024 )		(A: Sep. 2025 )
	=	0.266	/	( ( (7.752 - 1.639)	+	(7.614 - 1.649) )	/ 2 )
	=	0.266	/	( (6.113	+	5.965)	/ 2 )
	=	0.266	/	6.039
	=	4.40 %

Hardide'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 )
	=	2.574	/	( ( (7.614 - 1.649)	+	(8.714 - 1.616) )	/ 2 )
	=	2.574	/	( ( 5.965	+	7.098 )	/ 2 )
	=	2.574	/	6.5315
	=	39.41 %

(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 39.41% mean?

Hardide (LSE:HDD) has a ROCE % of 39.41% as of Mar. 2026.

Is Hardide's ROCE % too high?

Hardide's current ROCE % is 39.41%. The Chemicals industry median ROCE % is 6.42. Hardide's value of 39.41% is 513.9% above this industry median. Overall, Hardide has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Hardide's ROCE % compare to LIN and SHW?

Hardide's ROCE % of 39.41% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.42. Hardide's value of 39.41% is 513.9% 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 Chemicals company?

The median ROCE % among Chemicals companies is 6.42, based on 1,595 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. Hardide's current ROCE % of 39.41% is 513.9% 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 Chemicals industry, the median ROCE % is 6.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hardide's current ROCE % is 39.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hardide stock overvalued right now?

Based on GuruFocus' analysis, Hardide (LSE:HDD) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.13, compared to a current price of £0.71 — trading 442.3% above its estimated fair value. The current ROCE % is 39.41% and 513.9% above the Chemicals industry median of 6.42. Hardide's overall GF Score™ is 42/100 with 5 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 Hardide (LSE:HDD), the current ROCE % is 39.41% 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 Hardide (LSE:HDD) Overvalued in 2026?

Based on GuruFocus' analysis, Hardide stock appears to be overvalued. The current stock price of £0.71 is trading 442.3% above its estimated GF Value™ of £0.13. GuruFocus considers Hardide to be Significantly Overvalued.

Key valuation signals for LSE:HDD:

ROCE %: 39.41%
GF Value™: £0.13 vs. price of £0.71 (442.3% above fair value)
GF Score™: 42/100 with 5 warning signs
Industry Position: 513.9% above the Chemicals median

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

Hardide Business Description

Industry Basic Materials Chemicals

Comparable Companies LSE:ITX LSE:RIFT LSE:IOF LSE:DCTA LSE:TET LSE:SYNT LSE:ZTF LSE:ESNT LIN XPAR:AI SHW ECL APD XSWX:GIVN SHSE:600309 XSWX:SIKA SZSE:002466 OCSE:NSIS B SHSE:603256 BOM:500820

Other Exchanges 9V0:Germany

Address 9 Longlands Road, Bicester, Oxfordshire, GBR, OX26 5AH

Website https://www.hardide.com

Hardide PLC is a UK-based company that acts as a provider of tungsten carbide coatings for metal components operating in abrasive, erosive, corrosive, and chemically aggressive environments. The company provides nanostructured and patented, low-temperature chemical vapour deposition coating which provides wear and corrosion resistance and combines toughness with ductility. It extends the life of critical components across high-value industries and applications including oil and gas, pumps, aerospace, petrochemical, power generation, defense, industrial tooling, and others. The company has it's reportable segments namely UK operation, United States operation and Corporate Central Functions. The majority of the company's revenue is generated from United Kingdom operations.

42GF Score

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£0.71

Price

£0.13

GF Value

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