Icelandair Group hf (LTS:0ERU) ROCE %: -17.16% (As of Mar. 2026)

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LTS:0ERU Icelandair Group hf LTS:0ERU
51 GF Score
Price kr5.87
GF Value kr10.40
! 2 Warning Signs
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What is Icelandair Group hf ROCE %?

Icelandair Group hf LTS:0ERU 51 ROCE % is -17.16% as of Mar. 2026. GuruFocus rates LTS:0ERU with a GF Score™ of 51/100 and a GF Value™ of kr10.40. The stock has 2 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. Icelandair Group hf's annualized ROCE % for the quarter that ended in Mar. 2026 was -17.16%.

Icelandair Group hf  (LTS:0ERU) 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.

Icelandair Group hf ROCE % Related Terms

Icelandair Group hf ROCE % Historical Data

* Premium members only.

The historical data trend for Icelandair Group hf'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.

Icelandair Group hf ROCE % Chart

Icelandair Group hf Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.64 3.66 5.73 1.79 2.85

Icelandair Group hf Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 -21.27 7.45 30.83 -8.96 -17.16
LTS:0ERU
51GF Score
Icelandair Group hf LTS:0ERU
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Icelandair Group hf ROCE % Calculation

Icelandair Group hf's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=3522.548/( ( (205766.102 - 88662.957) + (234141.464 - 104359.835) )/ 2 )
=3522.548/( (117103.145+129781.629)/ 2 )
=3522.548/123442.387
=2.85 %

Icelandair Group hf'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: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-23301.404/( ( (234141.464 - 104359.835) + (283168.94 - 141338.737) )/ 2 )
=-23301.404/( ( 129781.629 + 141830.203 )/ 2 )
=-23301.404/135805.916
=-17.16 %

(1) Note: The EBIT data used here is four times the quarterly (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 -17.16% mean?
Icelandair Group hf (LTS:0ERU) has a ROCE % of -17.16% as of Mar. 2026.
Is Icelandair Group hf's ROCE % too high?
Icelandair Group hf's current ROCE % is -17.16%. Overall, Icelandair Group hf has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Icelandair Group hf's ROCE % compare to DAL and UAL?
Icelandair Group hf's ROCE % of -17.16% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.73. 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 Transportation company?
The median ROCE % among Transportation companies is 7.73, based on 990 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 Transportation industry, the median ROCE % is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icelandair Group hf's current ROCE % is -17.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icelandair Group hf stock overvalued right now?
Icelandair Group hf (LTS:0ERU) has a current ROCE % of -17.16%. The stock's GF Value™ is kr10.40, compared to a current price of kr5.87 — trading 43.6% below its estimated fair value. The current ROCE % is -17.16%. Icelandair Group hf's overall GF Score™ is 51/100 with 2 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 Icelandair Group hf (LTS:0ERU), the current ROCE % is -17.16% 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 Icelandair Group hf (LTS:0ERU) Overvalued in 2026?

Based on GuruFocus' analysis, Icelandair Group hf stock appears to be undervalued. The current stock price of kr5.87 is trading 43.6% below its estimated GF Value™ of kr10.40.

Key valuation signals for LTS:0ERU:

  • ROCE %: -17.16%
  • GF Value™: kr10.40 vs. price of kr5.87 (43.6% below fair value)
  • GF Score™: 51/100 with 2 warning signs

No single metric tells the full story. See the LTS:0ERU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Icelandair Group hf Business Description

Other Exchanges ICEAIR:Iceland
Address Flugvellir 1, Hafnarfjordur, ISL, 221
Icelandair Group hf operates in the international airline sector. Its segment is the Route network, which generates maximum revenue and provides passenger air travel to, from, via, and within Iceland. The Cargo operation offers air-freight services to, from, via, and within Iceland by utilizing capacity within the aircraft of the Icelandair passenger network as well as its own freighter and The Leasing operation, provided by Loftleioir-Icelandic ehf., offers aircraft leasing and consulting services to international passenger airlines and tour operators. The Group operates in North America, which generates maximum revenue, as well as Europe, Iceland, and other regions.
51GF Score

Get the complete analysis for LTS:0ERU

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

kr5.87
Price
kr10.40
GF Value