Honda Motor Co (MEX:HMCN) ROCE %: -19.13% (As of Mar. 2026)

What is Honda Motor Co ROCE %?

Honda Motor Co MEX:HMCN 62 ROCE % is -19.13% as of Mar. 2026. GuruFocus rates MEX:HMCN with a GF Score™ of 62/100 and a GF Value™ of MXN627.27 (Modestly Undervalued). 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. Honda Motor Co's annualized ROCE % for the quarter that ended in Mar. 2026 was -19.13%.

Honda Motor Co (MEX:HMCN) 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.

Honda Motor Co ROCE % Related Terms

Honda Motor Co ROCE % Historical Data

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The historical data trend for Honda Motor Co'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.

Honda Motor Co ROCE % Chart

Honda Motor Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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6.02

4.53

7.85

6.95

-1.28

Honda Motor Co 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															1.96	5.46	4.39	4.26	-19.13

62GF Score

Honda Motor Co Ltd MEX:HMCN

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

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Honda Motor Co ROCE % Calculation

Honda Motor Co'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 )
	=	-36335.022	/	( ( (4223996.913 - 1182432.864)	+	(3807994.719 - 1159636.977) )	/ 2 )
	=	-36335.022	/	( (3041564.049	+	2648357.742)	/ 2 )
	=	-36335.022	/	2844960.8955
	=	-1.28 %

Honda Motor Co'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 )
	=	-515782.812	/	( ( (3793600.105 - 1050217.978)	+	(3807994.719 - 1159636.977) )	/ 2 )
	=	-515782.812	/	( ( 2743382.127	+	2648357.742 )	/ 2 )
	=	-515782.812	/	2695869.9345
	=	-19.13 %

(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 -19.13% mean?

Honda Motor Co (MEX:HMCN) has a ROCE % of -19.13% as of Mar. 2026.

Is Honda Motor Co's ROCE % too high?

Honda Motor Co's current ROCE % is -19.13%. Overall, Honda Motor Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Honda Motor Co's ROCE % compare to TSLA and GM?

Honda Motor Co's ROCE % of -19.13% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. 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 Vehicles & Parts company?

The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 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 Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honda Motor Co's current ROCE % is -19.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Honda Motor Co stock overvalued right now?

Based on GuruFocus' analysis, Honda Motor Co (MEX:HMCN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN627.27, compared to a current price of MXN455.00 — trading 27.5% below its estimated fair value. The current ROCE % is -19.13%. Honda Motor Co's overall GF Score™ is 62/100 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 Honda Motor Co (MEX:HMCN), the current ROCE % is -19.13% 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 Honda Motor Co (MEX:HMCN) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Motor Co stock appears to be undervalued. The current stock price of MXN455.00 is trading 27.5% below its estimated GF Value™ of MXN627.27. GuruFocus considers Honda Motor Co to be Modestly Undervalued.

Key valuation signals for MEX:HMCN:

ROCE %: -19.13%
GF Value™: MXN627.27 vs. price of MXN455.00 (27.5% below fair value)
GF Score™: 62/100 with 5 warning signs

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

Honda Motor Co Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies TSE:7269 TSE:7270 TSE:7202 TSE:7201 TSE:7272 TSE:7261 TSE:7211 TSE:7222 TSLA TSE:7203 SZSE:002594 XKRX:005380 GM F MIL:RACE XTER:MBG XTER:VOW3 XTER:BMW XTER:P911 SZSE:000338

Other Exchanges HNDAF:USA HMC:USA 7267:Japan 0J5T:UK HDM:Germany HNDA:Canada HOND34:Brazil HMC:Argentina

Address Toranomon 2-chome, No.2-3, Minato-ku, Tokyo, JPN, 105-8404

Website https://global.honda

Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 3.4 million light vehicles and 22.1 million motorcycles in fiscal 2026, and consolidated sales were JPY 21.8 trillion. Automobiles constitute 64% of revenue and motorcycles 18%, with the rest split between power products and financial services. Honda also makes robots and private jets.

62GF Score

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

MXN455.00

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