Sea (MEX:SEN) ROCE %: 17.45% (As of Mar. 2026)

What is Sea ROCE %?

Sea MEX:SEN -3.33% 84 ROCE % is 17.45% as of Mar. 2026. GuruFocus rates MEX:SEN with a GF Score™ of 84/100 and a GF Value™ of MXN2,370.57 (Significantly Undervalued). 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. Sea's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.45%.

Sea (MEX:SEN) 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.

Sea ROCE % Related Terms

Sea ROCE % Historical Data

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The historical data trend for Sea'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.

Sea ROCE % Chart

Sea Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-18.33

-13.08

4.25

8.15

16.64

Sea 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															18.81	17.99	15.17	18.79	17.45

84GF Score

Sea Ltd MEX:SEN

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

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Sea ROCE % Calculation

Sea'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 )
	=	41673.634	/	( ( (471869.993 - 235589.157)	+	(528845.037 - 264333.579) )	/ 2 )
	=	41673.634	/	( (236280.836	+	264511.458)	/ 2 )
	=	41673.634	/	250396.147
	=	16.64 %

Sea'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 )
	=	47347.668	/	( ( (528845.037 - 264333.579)	+	(551624.423 - 273538.261) )	/ 2 )
	=	47347.668	/	( ( 264511.458	+	278086.162 )	/ 2 )
	=	47347.668	/	271298.81
	=	17.45 %

(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 17.45% mean?

Sea (MEX:SEN) has a ROCE % of 17.45% as of Mar. 2026.

Is Sea's ROCE % too high?

Sea's current ROCE % is 17.45%. The Retail - Cyclical industry median ROCE % is 7.58. Sea's value of 17.45% is 130.2% above this industry median. Overall, Sea has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Sea's ROCE % compare to EBAY and DASH?

Sea's ROCE % of 17.45% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.58. Sea's value of 17.45% is 130.2% 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. Sea's current ROCE % of 17.45% is 130.2% 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. Sea's current ROCE % is 17.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Sea stock overvalued right now?

Based on GuruFocus' analysis, Sea (MEX:SEN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN2,370.57, compared to a current price of MXN1,584.00 — trading 33.2% below its estimated fair value. The current ROCE % is 17.45% and 130.2% above the Retail - Cyclical industry median of 7.58. Sea's overall GF Score™ is 84/100 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 Sea (MEX:SEN), the current ROCE % is 17.45% 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 Sea (MEX:SEN) Overvalued in 2026?

Based on GuruFocus' analysis, Sea stock appears to be undervalued. The current stock price of MXN1,584.00 is trading 33.2% below its estimated GF Value™ of MXN2,370.57. GuruFocus considers Sea to be Significantly Undervalued.

Key valuation signals for MEX:SEN:

ROCE %: 17.45%
GF Value™: MXN2,370.57 vs. price of MXN1,584.00 (33.2% below fair value)
GF Score™: 84/100 with 2 warning signs
Industry Position: 130.2% above the Retail - Cyclical median

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

Sea Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies EBAY DASH JD CPNG MELI W CART CHWY VIPS ETSY AMZN BABA PDD XAMS:PRX HKSE:03690 JSE:NPN BOM:543320 TSE:4689 XTER:DHER TSE:4755

Other Exchanges SE:USA 0A3T:UK 931:Germany S2EA34:Brazil

Address 1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, SGP, 138522

Website https://www.sea.com

Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid consumer-to-consumer and business-to-consumer marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue-generating game. Sea's third business, Monee, provides lending, payment, digital banking, and insurance services. As of March 2025, Forrest Li, the founder, chair, and CEO, owned 59.1% of the voting power. Tencent owned 18.5% of issued shares with no voting power.

84GF Score

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

MXN1,584.00

Price

MXN2,370.57

GF Value

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