Sable Offshore (MIL:1SOC) ROCE %: -95.48% (As of Mar. 2026)

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MIL:1SOC Sable Offshore Corp MIL:1SOC
2 GF Score
Price €3.86
! 4 Warning Signs
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What is Sable Offshore ROCE %?

Sable Offshore MIL:1SOC +13.85% 2 ROCE % is -95.48% as of Mar. 2026. GuruFocus rates MIL:1SOC with a GF Score™ of 2/100. The stock has 4 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. Sable Offshore's annualized ROCE % for the quarter that ended in Mar. 2026 was -95.48%.

Sable Offshore  (MIL:1SOC) 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.

Sable Offshore ROCE % Related Terms

Sable Offshore ROCE % Historical Data

* Premium members only.

The historical data trend for Sable Offshore'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.

Sable Offshore ROCE % Chart

Sable Offshore Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial -1.17 -2.22 -19.00 0.00 -26.37

Sable Offshore 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 -21.24 -35.77 -50.53 -31.06 -95.48
MIL:1SOC
2GF Score
Sable Offshore Corp MIL:1SOC
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sable Offshore ROCE % Calculation

Sable Offshore'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 )
=-264.95/( ( (1511.929 - 115.241) + (1486.662 - 874.005) )/ 2 )
=-264.95/( (1396.688+612.657)/ 2 )
=-264.95/1004.6725
=-26.37 %

Sable Offshore'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 )
=-561.76/( ( (1486.662 - 874.005) + (1496.348 - 932.306) )/ 2 )
=-561.76/( ( 612.657 + 564.042 )/ 2 )
=-561.76/588.3495
=-95.48 %

(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 -95.48% mean?
Sable Offshore (MIL:1SOC) has a ROCE % of -95.48% as of Mar. 2026.
Is Sable Offshore's ROCE % too high?
Sable Offshore's current ROCE % is -95.48%. Overall, Sable Offshore has a GF Score™ of 2/100, reflecting its overall financial health beyond just this single metric.
How does Sable Offshore's ROCE % compare to NBR and BORR?
Sable Offshore's ROCE % of -95.48% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.88. 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 Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.88, based on 976 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 Oil & Gas industry, the median ROCE % is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sable Offshore's current ROCE % is -95.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sable Offshore stock overvalued right now?
Sable Offshore (MIL:1SOC) has a current ROCE % of -95.48%. The current ROCE % is -95.48%. Sable Offshore's overall GF Score™ is 2/100 with 4 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 Sable Offshore (MIL:1SOC), the current ROCE % is -95.48% 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.

Sable Offshore Business Description

Industry EnergyOil & Gas
Other Exchanges SOC:USAZ2M:Germany
Address 845 Texas Avenue, Suite 2920, Houston, TX, USA, 77002
Sable Offshore Corp is a Houston-based independent upstream company focused on developing the Santa Ynez Unit in federal waters offshore California. The company operates as one reportable oil and gas segment and is engaged in the acquisition, development, exploration, and production of oil and natural gas.
2GF Score

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

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