Piquadro SpA (MIL:PQ) ROCE %: 15.63% (As of Sep. 2025)


MIL:PQ Piquadro SpA MIL:PQ
82 GF Score
Price €2.76
GF Value €2.19
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Piquadro SpA ROCE %?

Piquadro SpA MIL:PQ +1.10% 82 ROCE % is 15.63% as of Sep. 2025. GuruFocus rates MIL:PQ with a GF Score™ of 82/100 and a GF Value™ of €2.19 (Modestly 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. Piquadro SpA's annualized ROCE % for the quarter that ended in Sep. 2025 was 15.63%.

Piquadro SpA  (MIL:PQ) 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.

Piquadro SpA ROCE % Related Terms

Piquadro SpA ROCE % Historical Data

* Premium members only.

The historical data trend for Piquadro 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.

Piquadro SpA ROCE % Chart

Piquadro SpA 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 6.59 10.60 14.99 16.70 15.40

Piquadro SpA 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 18.58 16.03 18.66 15.63 16.26
MIL:PQ
82GF Score
Piquadro SpA MIL:PQ
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Piquadro SpA ROCE % Calculation

Piquadro SpA's annualized ROCE % for the fiscal year that ended in Mar. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=16.934/( ( (179.943 - 78.343) + (189.025 - 87.867) )/ 2 )
=16.934/( (101.6+101.158)/ 2 )
=16.934/101.379
=16.70 %

Piquadro SpA's ROCE % of for the quarter that ended in Sep. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2025 )  (Q: Mar. 2025 )(Q: Sep. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2025 )  (Q: Mar. 2025 )(Q: Sep. 2025 )
=16.426/( ( (189.025 - 87.867) + (196.085 - 87.018) )/ 2 )
=16.426/( ( 101.158 + 109.067 )/ 2 )
=16.426/105.1125
=15.63 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2025) 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 15.63% mean?
Piquadro SpA (MIL:PQ) has a ROCE % of 15.63% as of Sep. 2025.
Is Piquadro SpA's ROCE % too high?
Piquadro SpA's current ROCE % is 15.63%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.21. Piquadro SpA's value of 15.63% is 151.7% above this industry median. Overall, Piquadro SpA has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piquadro SpA's ROCE % compare to NKE and DECK?
Piquadro SpA's ROCE % of 15.63% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.21. Piquadro SpA's value of 15.63% is 151.7% 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 Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.21, based on 1,041 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. Piquadro SpA's current ROCE % of 15.63% is 151.7% 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 Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piquadro SpA's current ROCE % is 15.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piquadro SpA stock overvalued right now?
Based on GuruFocus' analysis, Piquadro SpA (MIL:PQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.19, compared to a current price of €2.76 — trading 26% above its estimated fair value. The current ROCE % is 15.63% and 151.7% above the Manufacturing - Apparel & Accessories industry median of 6.21. Piquadro SpA's overall GF Score™ is 82/100 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 Piquadro SpA (MIL:PQ), the current ROCE % is 15.63% as of Sep. 2025. 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 Piquadro SpA (MIL:PQ) Overvalued in 2026?

Based on GuruFocus' analysis, Piquadro SpA stock appears to be overvalued. The current stock price of €2.76 is trading 26% above its estimated GF Value™ of €2.19. GuruFocus considers Piquadro SpA to be Modestly Overvalued.

Key valuation signals for MIL:PQ:

  • ROCE %: 15.63%
  • GF Value™: €2.19 vs. price of €2.76 (26% above fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 151.7% above the Manufacturing - Apparel & Accessories median

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

Piquadro SpA Business Description

Other Exchanges 0HPP:UK4LZ:Germany
Address Localita Sassuriano, 246, Silla di Gaggio Montano, Bologna, ITA, 40041
Piquadro SpA operates in the leather goods market. It is engaged in the design, manufacturing, and marketing of leather goods. The company's product portfolio includes bags and briefcases, women's purses, small leather articles such as wallets, billfolds, key holders, etc., sneakers, jackets, and others. The products are marketed through Piquadro, The Bridge, and Lancel brands which are also the company's reportable segments. Maximum revenue is generated from the Piquadro segment. Geographically, the company derives maximum revenue from Europe (excluding Italy) followed by Italy, and other regions.
82GF Score

Get the complete analysis for MIL:PQ

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

€2.76
Price
€2.19
GF Value