Workspace Group (LSE:WKP) ROCE %: -3.09% (As of Mar. 2026)

What is Workspace Group ROCE %?

Workspace Group LSE:WKP +1.12% 65 ROCE % is -3.09% as of Mar. 2026. GuruFocus rates LSE:WKP with a GF Score™ of 65/100 and a GF Value™ of £4.54 (Modestly Undervalued). The stock has 3 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. Workspace Group's annualized ROCE % for the quarter that ended in Mar. 2026 was -3.09%.

Workspace Group (LSE:WKP) 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.

Workspace Group ROCE % Related Terms

Workspace Group ROCE % Historical Data

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The historical data trend for Workspace 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.

Workspace Group ROCE % Chart

Workspace Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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6.01

-0.19

-6.23

1.53

-4.01

Workspace Group 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															-2.34	2.09	0.98	-4.81	-3.09

65GF Score

Workspace Group PLC LSE:WKP

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Workspace Group ROCE % Calculation

Workspace Group's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	-88.6	/	( ( (2470.5 - 172.2)	+	(2210.1 - 88.8) )	/ 2 )
	=	-88.6	/	( (2298.3	+	2121.3)	/ 2 )
	=	-88.6	/	2209.8
	=	-4.01 %

Workspace Group'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 )
	=	-67.6	/	( ( (2351.3 - 91.1)	+	(2210.1 - 88.8) )	/ 2 )
	=	-67.6	/	( ( 2260.2	+	2121.3 )	/ 2 )
	=	-67.6	/	2190.75
	=	-3.09 %

(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 -3.09% mean?

Workspace Group (LSE:WKP) has a ROCE % of -3.09% as of Mar. 2026.

Is Workspace Group's ROCE % too high?

Workspace Group's current ROCE % is -3.09%. Overall, Workspace Group has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Workspace Group's ROCE % compare to BXP and ARE?

Workspace Group's ROCE % of -3.09% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. 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 REITs company?

The median ROCE % among REITs companies is 5.19, based on 756 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 REITs industry, the median ROCE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Workspace Group's current ROCE % is -3.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Workspace Group stock overvalued right now?

Based on GuruFocus' analysis, Workspace Group (LSE:WKP) is currently considered Modestly Undervalued. The stock's GF Value™ is £4.54, compared to a current price of £3.43 — trading 24.4% below its estimated fair value. The current ROCE % is -3.09%. Workspace Group's overall GF Score™ is 65/100 with 3 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 Workspace Group (LSE:WKP), the current ROCE % is -3.09% 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 Workspace Group (LSE:WKP) Overvalued in 2026?

Based on GuruFocus' analysis, Workspace Group stock appears to be undervalued. The current stock price of £3.43 is trading 24.4% below its estimated GF Value™ of £4.54. GuruFocus considers Workspace Group to be Modestly Undervalued.

Key valuation signals for LSE:WKP:

ROCE %: -3.09%
GF Value™: £4.54 vs. price of £3.43 (24.4% below fair value)
GF Score™: 65/100 with 3 warning signs

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

Workspace Group Business Description

Industry Real Estate REITs

Comparable Companies LSE:CLI LSE:RGL LSE:GPE LSE:DLN XMAD:MRL BXP ARE TSE:8951 VNO XPAR:GFC SGX:N2IU TSE:8952 SGX:AJBU CUZ ASX:DXS BOM:542602 XMAD:COL KRC NSE:BAGMANE CDP

Other Exchanges WKPPF:USA WKPl:UK WRX1:Germany

Address 1-3 Brixton Road, Canterbury Court, Kennington Park, London, GBR, SW9 6DE

Website https://www.workspace.co.uk

Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms.

65GF Score

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£3.43

Price

£4.54

GF Value

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