Howmet Aerospace (MEX:HWM) ROCE %: 29.82% (As of Mar. 2026)


MEX:HWM Howmet Aerospace Inc MEX:HWM
69 GF Score
Price MXN4,875.00
GF Value MXN2,459.04
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Howmet Aerospace ROCE %?

Howmet Aerospace MEX:HWM +0.41% 69 ROCE % is 29.82% as of Mar. 2026. GuruFocus rates MEX:HWM with a GF Score™ of 69/100 and a GF Value™ of MXN2,459.04 (Significantly 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. Howmet Aerospace's annualized ROCE % for the quarter that ended in Mar. 2026 was 29.82%.

Howmet Aerospace  (MEX:HWM) 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.

Howmet Aerospace ROCE % Related Terms

Howmet Aerospace ROCE % Historical Data

* Premium members only.

The historical data trend for Howmet Aerospace'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.

Howmet Aerospace ROCE % Chart

Howmet Aerospace 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 6.32 9.17 12.75 19.56 20.11

Howmet Aerospace 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 21.12 20.83 22.11 19.52 29.82
MEX:HWM
69GF Score
Howmet Aerospace Inc MEX:HWM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Howmet Aerospace ROCE % Calculation

Howmet Aerospace'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 )
=35849.349/( ( (219381.108 - 32305.479) + (201285.72 - 31888.095) )/ 2 )
=35849.349/( (187075.629+169397.625)/ 2 )
=35849.349/178236.627
=20.11 %

Howmet Aerospace'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 )
=54170.232/( ( (201285.72 - 31888.095) + (235633.291 - 41745.701) )/ 2 )
=54170.232/( ( 169397.625 + 193887.59 )/ 2 )
=54170.232/181642.6075
=29.82 %

(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 29.82% mean?
Howmet Aerospace (MEX:HWM) has a ROCE % of 29.82% as of Mar. 2026.
Is Howmet Aerospace's ROCE % too high?
Howmet Aerospace's current ROCE % is 29.82%. The Aerospace & Defense industry median ROCE % is 6.29. Howmet Aerospace's value of 29.82% is 374.1% above this industry median. Overall, Howmet Aerospace has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Howmet Aerospace's ROCE % compare to GD and LMT?
Howmet Aerospace's ROCE % of 29.82% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. Howmet Aerospace's value of 29.82% is 374.1% 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 an Aerospace & Defense company?
The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 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. Howmet Aerospace's current ROCE % of 29.82% is 374.1% 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 Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howmet Aerospace's current ROCE % is 29.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howmet Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Howmet Aerospace (MEX:HWM) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,459.04, compared to a current price of MXN4,875.00 — trading 98.2% above its estimated fair value. The current ROCE % is 29.82% and 374.1% above the Aerospace & Defense industry median of 6.29. Howmet Aerospace's overall GF Score™ is 69/100 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 Howmet Aerospace (MEX:HWM), the current ROCE % is 29.82% 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 Howmet Aerospace (MEX:HWM) Overvalued in 2026?

Based on GuruFocus' analysis, Howmet Aerospace stock appears to be overvalued. The current stock price of MXN4,875.00 is trading 98.2% above its estimated GF Value™ of MXN2,459.04. GuruFocus considers Howmet Aerospace to be Significantly Overvalued.

Key valuation signals for MEX:HWM:

  • ROCE %: 29.82%
  • GF Value™: MXN2,459.04 vs. price of MXN4,875.00 (98.2% above fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 374.1% above the Aerospace & Defense median

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

Howmet Aerospace Business Description

Address 201 Isabella Street, Suite 200, Pittsburgh, PA, USA, 15212-5872
Howmet Aerospace Inc offers engineered solutions for the aerospace and transportation industries. The company's products and solutions include investment castings for jet engines and industrial gas turbines; seamless rolled rings for jet engines; fastening systems for aerospace, industrial and commercial transportation applications; forged jet engine components (e.g., jet engine disks); machined and forged aircraft parts; and forged aluminum commercial vehicle wheels, all of which are sold directly to customers or through distributors. It has four reportable segments: Engine Products, which derives key revenue, Fastening Systems, Engineered Structures, and Forged Wheels. Geographically, the company derives maximum revenue from the USA, followed by France, Japan, Germany, and other markets.
69GF Score

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

MXN4,875.00
Price
MXN2,459.04
GF Value