Tharisa (LSE:THS) ROCE %: 13.71% (As of Mar. 2026)


LSE:THS Tharisa PLC LSE:THS
73 GF Score
Price £1.13
GF Value £0.87
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Tharisa ROCE %?

Tharisa LSE:THS 73 ROCE % is 13.71% as of Mar. 2026. GuruFocus rates LSE:THS with a GF Score™ of 73/100 and a GF Value™ of £0.87 (Modestly Overvalued). The stock has 7 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. Tharisa's annualized ROCE % for the quarter that ended in Mar. 2026 was 13.71%.

Tharisa  (LSE:THS) 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.

Tharisa ROCE % Related Terms

Tharisa ROCE % Historical Data

* Premium members only.

The historical data trend for Tharisa'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.

Tharisa ROCE % Chart

Tharisa Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.27 35.64 13.97 13.43 12.36

Tharisa 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 13.15 14.46 3.10 22.25 13.71
LSE:THS
73GF Score
Tharisa PLC LSE:THS
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tharisa ROCE % Calculation

Tharisa'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 )
=94.346/( ( (913.098 - 166.169) + (916.175 - 136.494) )/ 2 )
=94.346/( (746.929+779.681)/ 2 )
=94.346/763.305
=12.36 %

Tharisa'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 )
=113.422/( ( (916.175 - 136.494) + (1011.817 - 137.064) )/ 2 )
=113.422/( ( 779.681 + 874.753 )/ 2 )
=113.422/827.217
=13.71 %

(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 13.71% mean?
Tharisa (LSE:THS) has a ROCE % of 13.71% as of Mar. 2026.
Is Tharisa's ROCE % too high?
Tharisa's current ROCE % is 13.71%. Overall, Tharisa has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tharisa's ROCE % compare to HL?
Tharisa's ROCE % of 13.71% can be compared against companies in the Metals & Mining industry. 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 Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. 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. Tharisa's current ROCE % is 13.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tharisa stock overvalued right now?
Based on GuruFocus' analysis, Tharisa (LSE:THS) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.87, compared to a current price of £1.13 — trading 29.9% above its estimated fair value. The current ROCE % is 13.71%. Tharisa's overall GF Score™ is 73/100 with 7 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 Tharisa (LSE:THS), the current ROCE % is 13.71% 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 Tharisa (LSE:THS) Overvalued in 2026?

Based on GuruFocus' analysis, Tharisa stock appears to be overvalued. The current stock price of £1.13 is trading 29.9% above its estimated GF Value™ of £0.87. GuruFocus considers Tharisa to be Modestly Overvalued.

Key valuation signals for LSE:THS:

  • ROCE %: 13.71%
  • GF Value™: £0.87 vs. price of £1.13 (29.9% above fair value)
  • GF Score™: 73/100 with 7 warning signs

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

Tharisa Business Description

Address 17 Neophytou Nicolaides and Kilkis Street, Offices 108-110, Sofoklis Pittokopitis Business Centre, Paphos, CYP, 8011
Tharisa PLC is an investment holding company. The company, along with its subsidiaries, is engaged in the exploitation of metals and minerals, principally PGMs and chrome and associated sales and logistics operations. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. The company operates through the following four segments: PGM segment, Chrome segment, Agency and trading segment, and Manufacturing segment. The majority of the revenue is derived from the Chrome segment. Geographically, it generates the maximum revenue from South Africa.
73GF Score

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

£1.13
Price
£0.87
GF Value