Etsy (MEX:ETSY) ROCE %: 33.15% (As of Mar. 2026)

What is Etsy ROCE %?

Etsy MEX:ETSY +6.55% 72 ROCE % is 33.15% as of Mar. 2026. GuruFocus rates MEX:ETSY with a GF Score™ of 72/100 and a GF Value™ of MXN1,088.76 (Modestly Overvalued). The stock has 6 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. Etsy's annualized ROCE % for the quarter that ended in Mar. 2026 was 33.15%.

Etsy (MEX:ETSY) 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.

Etsy ROCE % Related Terms

Etsy ROCE % Historical Data

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The historical data trend for Etsy'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.

Etsy ROCE % Chart

Etsy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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18.86

-24.05

14.35

25.27

21.06

Etsy 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															18.74	16.04	15.70	28.83	33.15

72GF Score

Etsy Inc MEX:ETSY

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Etsy ROCE % Calculation

Etsy'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 )
	=	6624.531	/	( ( (50424.536 - 13871.397)	+	(50906.687 - 24552.915) )	/ 2 )
	=	6624.531	/	( (36553.139	+	26353.772)	/ 2 )
	=	6624.531	/	31453.4555
	=	21.06 %

Etsy'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 )
	=	8644.588	/	( ( (50906.687 - 24552.915)	+	(48346.624 - 22550.847) )	/ 2 )
	=	8644.588	/	( ( 26353.772	+	25795.777 )	/ 2 )
	=	8644.588	/	26074.7745
	=	33.15 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 33.15% mean?

Etsy (MEX:ETSY) has a ROCE % of 33.15% as of Mar. 2026.

Is Etsy's ROCE % too high?

Etsy's current ROCE % is 33.15%. The Retail - Cyclical industry median ROCE % is 7.58. Etsy's value of 33.15% is 337.3% above this industry median. Overall, Etsy has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Etsy's ROCE % compare to VIPS and GLBE?

Etsy's ROCE % of 33.15% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.58. Etsy's value of 33.15% is 337.3% 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 a Retail - Cyclical company?

The median ROCE % among Retail - Cyclical companies is 7.58, based on 1,117 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. Etsy's current ROCE % of 33.15% is 337.3% 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 Retail - Cyclical industry, the median ROCE % is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Etsy's current ROCE % is 33.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Etsy stock overvalued right now?

Based on GuruFocus' analysis, Etsy (MEX:ETSY) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN1,088.76, compared to a current price of MXN1,358.55 — trading 24.8% above its estimated fair value. The current ROCE % is 33.15% and 337.3% above the Retail - Cyclical industry median of 7.58. Etsy's overall GF Score™ is 72/100 with 6 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 Etsy (MEX:ETSY), the current ROCE % is 33.15% 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 Etsy (MEX:ETSY) Overvalued in 2026?

Based on GuruFocus' analysis, Etsy stock appears to be overvalued. The current stock price of MXN1,358.55 is trading 24.8% above its estimated GF Value™ of MXN1,088.76. GuruFocus considers Etsy to be Modestly Overvalued.

Key valuation signals for MEX:ETSY:

ROCE %: 33.15%
GF Value™: MXN1,088.76 vs. price of MXN1,358.55 (24.8% above fair value)
GF Score™: 72/100 with 6 warning signs
Industry Position: 337.3% above the Retail - Cyclical median

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

Etsy Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies VIPS GLBE CHWY CART W RVLV LQDT JMIA TDUP BBBY AMZN BABA PDD XAMS:PRX MELI DASH HKSE:03690 SE EBAY JSE:NPN

Other Exchanges ETSY:USA 1ETSY:Italy 0IIW:UK 3E2:Germany E2TS34:Brazil ETSY:Austria

Address 117 Adams Street, Brooklyn, NY, USA, 11201

Website https://www.etsy.com

Founded in 2005, Etsy operates a leading global marketplace, connecting roughly 87 million active buyers and 6 million sellers of unique, handmade, and vintage goods. In fiscal 2025, the firm generated $2.9 billion in revenue and almost $12 billion in gross merchandise sales. The firm monetizes its marketplace primarily through transaction fees and advertising, with core categories spanning homeware, jewelry, apparel, and craft supplies. The US drives 74% of sales, though its core geographic reach extends to the UK, Germany, Canada, and Australia.

72GF Score

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MXN1,358.55

Price

MXN1,088.76

GF Value

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