Vodafone Group (MEX:VOD1N) ROCE %: 1.97% (As of Mar. 2026)


MEX:VOD1N Vodafone Group PLC MEX:VOD1N
39 GF Score
Price MXN26.10
GF Value MXN23.87
Valuation Fairly Valued
! 3 Warning Signs
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What is Vodafone Group ROCE %?

Vodafone Group MEX:VOD1N 39 ROCE % is 1.97% as of Mar. 2026. GuruFocus rates MEX:VOD1N with a GF Score™ of 39/100 and a GF Value™ of MXN23.87 (Fairly Valued). The stock has 3 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. Vodafone Group's annualized ROCE % for the quarter that ended in Mar. 2026 was 1.97%.

Vodafone Group  (MEX:VOD1N) 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.

Vodafone Group ROCE % Related Terms

Vodafone Group ROCE % Historical Data

* Premium members only.

The historical data trend for Vodafone Group'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.

Vodafone Group ROCE % Chart

Vodafone Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.94 11.96 3.54 0.81 3.95

Vodafone Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 3.60 5.66 -3.92 6.02 1.97
MEX:VOD1N
39GF Score
Vodafone Group PLC MEX:VOD1N
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Vodafone Group ROCE % Calculation

Vodafone Group'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 )
=89913.335/( ( (2842495.483 - 503249.603) + (2708407.305 - 500225.013) )/ 2 )
=89913.335/( (2339245.88+2208182.292)/ 2 )
=89913.335/2273714.086
=3.95 %

Vodafone Group'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: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=44445.914/( ( (2774431.065 - 467152.708) + (2708407.305 - 500225.013) )/ 2 )
=44445.914/( ( 2307278.357 + 2208182.292 )/ 2 )
=44445.914/2257730.3245
=1.97 %

(1) Note: The EBIT data used here is two times the semi-annual (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 1.97% mean?
Vodafone Group (MEX:VOD1N) has a ROCE % of 1.97% as of Mar. 2026.
Is Vodafone Group's ROCE % too high?
Vodafone Group's current ROCE % is 1.97%. The Telecommunication Services industry median ROCE % is 7.72. Vodafone Group's value of 1.97% is 74.5% below this industry median. Overall, Vodafone Group has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vodafone Group's ROCE % compare to TMUS and VZ?
Vodafone Group's ROCE % of 1.97% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.72. Vodafone Group's value of 1.97% is 74.5% below 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 Telecommunication Services company?
The median ROCE % among Telecommunication Services companies is 7.72, based on 356 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. Vodafone Group's current ROCE % of 1.97% is 74.5% below 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 Telecommunication Services industry, the median ROCE % is 7.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vodafone Group's current ROCE % is 1.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodafone Group stock overvalued right now?
Based on GuruFocus' analysis, Vodafone Group (MEX:VOD1N) is currently considered Fairly Valued. The stock's GF Value™ is MXN23.87, compared to a current price of MXN26.10 — trading 9.3% above its estimated fair value. The current ROCE % is 1.97% and 74.5% below the Telecommunication Services industry median of 7.72. Vodafone Group's overall GF Score™ is 39/100 with 3 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 Vodafone Group (MEX:VOD1N), the current ROCE % is 1.97% 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 Vodafone Group (MEX:VOD1N) Overvalued in 2026?

Based on GuruFocus' analysis, Vodafone Group stock appears to be overvalued. The current stock price of MXN26.10 is trading 9.3% above its estimated GF Value™ of MXN23.87. GuruFocus considers Vodafone Group to be Fairly Valued.

Key valuation signals for MEX:VOD1N:

  • ROCE %: 1.97%
  • GF Value™: MXN23.87 vs. price of MXN26.10 (9.3% above fair value)
  • GF Score™: 39/100 with 3 warning signs
  • Industry Position: 74.5% below the Telecommunication Services median

No single metric tells the full story. See the MEX:VOD1N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Vodafone Group Business Description

Address Vodafone House, The Connection, Newbury, Berkshire, GBR, RG14 2FN
Vodafone operates mobile and fixed-line networks and businesses across Europe, Africa, and the Middle East. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns two cable networks after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the UK, Vodafone merged with CK Hutchison in 2024, consolidating the mobile market. It also divested its Spanish and Italian divisions in that same year, given their low returns on invested capital.
39GF Score

Get the complete analysis for MEX:VOD1N

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

MXN26.10
Price
MXN23.87
GF Value