ERG SpA (MIL:ERG) ROCE %: 15.27% (As of Mar. 2026)


MIL:ERG ERG SpA MIL:ERG
76 GF Score
Price €23.22
GF Value €24.37
Valuation Fairly Valued
! 5 Warning Signs
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What is ERG SpA ROCE %?

ERG SpA MIL:ERG +1.40% 76 ROCE % is 15.27% as of Mar. 2026. GuruFocus rates MIL:ERG with a GF Score™ of 76/100 and a GF Value™ of €24.37 (Fairly Valued). 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. ERG SpA's annualized ROCE % for the quarter that ended in Mar. 2026 was 15.27%.

ERG SpA  (MIL:ERG) 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.

ERG SpA ROCE % Related Terms

ERG SpA ROCE % Historical Data

* Premium members only.

The historical data trend for ERG SpA'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.

ERG SpA ROCE % Chart

ERG SpA 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 3.76 5.36 7.39 6.76 3.96

ERG SpA 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 5.74 6.01 4.01 1.19 15.27
MIL:ERG
76GF Score
ERG SpA MIL:ERG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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ERG SpA ROCE % Calculation

ERG SpA'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 )
=200.771/( ( (6317.771 - 1162.752) + (5618.15 - 636.486) )/ 2 )
=200.771/( (5155.019+4981.664)/ 2 )
=200.771/5068.3415
=3.96 %

ERG SpA'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 )
=380/( ( (5618.15 - 636.486) + (0 - 5) )/ 2 )
=380/( ( 4981.664 + -5 )/ 2 )
=380/2488.332
=15.27 %

(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 15.27% mean?
ERG SpA (MIL:ERG) has a ROCE % of 15.27% as of Mar. 2026.
Is ERG SpA's ROCE % too high?
ERG SpA's current ROCE % is 15.27%. The Utilities - Independent Power Producers industry median ROCE % is 4.79. ERG SpA's value of 15.27% is 218.8% above this industry median. Overall, ERG SpA has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ERG SpA's ROCE % compare to competitors?
ERG SpA's ROCE % of 15.27% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.79. ERG SpA's value of 15.27% is 218.8% 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 Utilities - Independent Power Producers company?
The median ROCE % among Utilities - Independent Power Producers companies is 4.79, based on 437 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. ERG SpA's current ROCE % of 15.27% is 218.8% 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 Utilities - Independent Power Producers industry, the median ROCE % is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ERG SpA's current ROCE % is 15.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ERG SpA stock overvalued right now?
Based on GuruFocus' analysis, ERG SpA (MIL:ERG) is currently considered Fairly Valued. The stock's GF Value™ is €24.37, compared to a current price of €23.22 — trading 4.7% below its estimated fair value. The current ROCE % is 15.27% and 218.8% above the Utilities - Independent Power Producers industry median of 4.79. ERG SpA's overall GF Score™ is 76/100 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 ERG SpA (MIL:ERG), the current ROCE % is 15.27% 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 ERG SpA (MIL:ERG) Overvalued in 2026?

Based on GuruFocus' analysis, ERG SpA stock appears to be undervalued. The current stock price of €23.22 is trading 4.7% below its estimated GF Value™ of €24.37. GuruFocus considers ERG SpA to be Fairly Valued.

Key valuation signals for MIL:ERG:

  • ROCE %: 15.27%
  • GF Value™: €24.37 vs. price of €23.22 (4.7% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 218.8% above the Utilities - Independent Power Producers median

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

ERG SpA Business Description

Other Exchanges ERGm:UK0MHC:UKER9:Germany
Address Via De Marini, 1, Torre WTC, Genoa, ITA, 16149
ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.
76GF Score

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

€23.22
Price
€24.37
GF Value