H-Power (LSE:HPOW) ROCE %: -42.16% (As of Apr. 2026)


LSE:HPOW H-Power PLC LSE:HPOW
36 GF Score
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What is H-Power ROCE %?

H-Power LSE:HPOW -2.66% 36 ROCE % is -42.16% as of Apr. 2026. GuruFocus rates LSE:HPOW with a GF Score™ of 36/100. 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. H-Power's annualized ROCE % for the quarter that ended in Apr. 2026 was -42.16%.

H-Power  (LSE:HPOW) 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.

H-Power ROCE % Related Terms

H-Power ROCE % Historical Data

* Premium members only.

The historical data trend for H-Power'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.

H-Power ROCE % Chart

H-Power Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.00 -36.06 -49.49 -61.24 -75.43

H-Power Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 -67.39 -71.72 -87.64 -94.02 -42.16
LSE:HPOW
36GF Score
H-Power PLC LSE:HPOW
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H-Power ROCE % Calculation

H-Power's annualized ROCE % for the fiscal year that ended in Oct. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=-25.425/( ( (36.572 - 5.677) + (42.445 - 5.93) )/ 2 )
=-25.425/( (30.895+36.515)/ 2 )
=-25.425/33.705
=-75.43 %

H-Power's ROCE % of for the quarter that ended in Apr. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Apr. 2026 )  (Q: Oct. 2025 )(Q: Apr. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Apr. 2026 )  (Q: Oct. 2025 )(Q: Apr. 2026 )
=-14.552/( ( (42.445 - 5.93) + (39.204 - 6.688) )/ 2 )
=-14.552/( ( 36.515 + 32.516 )/ 2 )
=-14.552/34.5155
=-42.16 %

(1) Note: The EBIT data used here is two times the semi-annual (Apr. 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 -42.16% mean?
H-Power (LSE:HPOW) has a ROCE % of -42.16% as of Apr. 2026.
Is H-Power's ROCE % too high?
H-Power's current ROCE % is -42.16%. Overall, H-Power has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does H-Power's ROCE % compare to VRT and BE?
H-Power's ROCE % of -42.16% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.10, based on 3,032 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. 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 Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H-Power's current ROCE % is -42.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H-Power stock overvalued right now?
H-Power (LSE:HPOW) has a current ROCE % of -42.16%. The current ROCE % is -42.16%. H-Power's overall GF Score™ is 36/100 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 H-Power (LSE:HPOW), the current ROCE % is -42.16% as of Apr. 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.

H-Power Business Description

Address Dunsfold Park, Unit 68.3, Canada Avenue, Cranleigh, Surrey, GBR, GU6 8TB
H-Power PLC is a provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Its products include decentralised ammonia cracker systems and fuel cell generators designed to supply low-carbon hydrogen and power for industrial and off-grid applications. The company focuses on the commercial rollout of its hydrogen and power technologies and the development of modular ammonia cracker systems and fuel cell-based power solutions. Its technologies are intended to provide alternatives to conventional diesel-based power generation systems.
36GF Score

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

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