Smiths Group (LSE:SMIN) ROCE %: 10.38% (As of Jan. 2026)


LSE:SMIN Smiths Group PLC LSE:SMIN
66 GF Score
Price £25.68
GF Value £13.94
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Smiths Group ROCE %?

Smiths Group LSE:SMIN -0.96% 66 ROCE % is 10.38% as of Jan. 2026. GuruFocus rates LSE:SMIN with a GF Score™ of 66/100 and a GF Value™ of £13.94 (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. Smiths Group's annualized ROCE % for the quarter that ended in Jan. 2026 was 10.38%.

Smiths Group  (LSE:SMIN) 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.

Smiths Group ROCE % Related Terms

Smiths Group ROCE % Historical Data

* Premium members only.

The historical data trend for Smiths 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.

Smiths Group ROCE % Chart

Smiths Group Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.64 3.87 12.18 11.79 14.23

Smiths Group Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 12.22 12.04 11.06 16.81 10.38
LSE:SMIN
66GF Score
Smiths Group PLC LSE:SMIN
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Smiths Group ROCE % Calculation

Smiths Group's annualized ROCE % for the fiscal year that ended in Jul. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jul. 2025 )  (A: Jul. 2024 )(A: Jul. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jul. 2025 )  (A: Jul. 2024 )(A: Jul. 2025 )
=452/( ( (4232 - 947) + (4011 - 941) )/ 2 )
=452/( (3285+3070)/ 2 )
=452/3177.5
=14.23 %

Smiths Group's ROCE % of for the quarter that ended in Jan. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jan. 2026 )  (Q: Jul. 2025 )(Q: Jan. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jan. 2026 )  (Q: Jul. 2025 )(Q: Jan. 2026 )
=322/( ( (4011 - 941) + (4139 - 1007) )/ 2 )
=322/( ( 3070 + 3132 )/ 2 )
=322/3101
=10.38 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 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 10.38% mean?
Smiths Group (LSE:SMIN) has a ROCE % of 10.38% as of Jan. 2026.
Is Smiths Group's ROCE % too high?
Smiths Group's current ROCE % is 10.38%. The Industrial Products industry median ROCE % is 7.09. Smiths Group's value of 10.38% is 46.4% above this industry median. Overall, Smiths Group has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smiths Group's ROCE % compare to GEV and ETN?
Smiths Group's ROCE % of 10.38% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.09. Smiths Group's value of 10.38% is 46.4% 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 an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.09, based on 3,027 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. Smiths Group's current ROCE % of 10.38% is 46.4% 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 Industrial Products industry, the median ROCE % is 7.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smiths Group's current ROCE % is 10.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smiths Group stock overvalued right now?
Based on GuruFocus' analysis, Smiths Group (LSE:SMIN) is currently considered Significantly Overvalued. The stock's GF Value™ is £13.94, compared to a current price of £25.68 — trading 84.2% above its estimated fair value. The current ROCE % is 10.38% and 46.4% above the Industrial Products industry median of 7.09. Smiths Group's overall GF Score™ is 66/100 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 Smiths Group (LSE:SMIN), the current ROCE % is 10.38% as of Jan. 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 Smiths Group (LSE:SMIN) Overvalued in 2026?

Based on GuruFocus' analysis, Smiths Group stock appears to be overvalued. The current stock price of £25.68 is trading 84.2% above its estimated GF Value™ of £13.94. GuruFocus considers Smiths Group to be Significantly Overvalued.

Key valuation signals for LSE:SMIN:

  • ROCE %: 10.38%
  • GF Value™: £13.94 vs. price of £25.68 (84.2% above fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 46.4% above the Industrial Products median

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

Smiths Group Business Description

Address 255 Blackfriars Road, Level 10, London, GBR, SE1 9AX
Smiths Group is a UK-based industrial technology company focused on engineered solutions for fluid and energy management, following the agreed divestments of its Detection and Interconnect divisions. Its two core businesses—John Crane and Flex-Tek - serve critical infrastructure, energy, aerospace, HVAC, and industrial markets. John Crane supplies mechanical seals, filtration systems, and condition-monitoring technologies used in rotating equipment, with a high-margin, recurring aftermarket business. Flex-Tek provides specialized tubing, heating components, and ducting systems primarily for US HVAC and aerospace OEMs.
66GF Score

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

£25.68
Price
£13.94
GF Value