Smart Capital SpA (MIL:SMCAP) ROCE %: 26.34% (As of Dec. 2025)

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MIL:SMCAP Smart Capital SpA MIL:SMCAP
9 GF Score
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What is Smart Capital SpA ROCE %?

Smart Capital SpA MIL:SMCAP 9 ROCE % is 26.34% as of Dec. 2025. GuruFocus rates MIL:SMCAP with a GF Score™ of 9/100. 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. Smart Capital SpA's annualized ROCE % for the quarter that ended in Dec. 2025 was 26.34%.

Smart Capital SpA  (MIL:SMCAP) 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.

Smart Capital SpA ROCE % Related Terms

Smart Capital SpA ROCE % Historical Data

* Premium members only.

The historical data trend for Smart Capital 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.

Smart Capital SpA ROCE % Chart

Smart Capital SpA Annual Data
Trend Dec22 Dec23 Dec24 Dec25
ROCE %
2.27 2.31 3.87 14.85

Smart Capital SpA Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % Get a 7-Day Free Trial 2.68 6.64 1.76 3.83 26.34
MIL:SMCAP
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Smart Capital SpA MIL:SMCAP
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Smart Capital SpA ROCE % Calculation

Smart Capital 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 )
=9.286/( ( (65.286 - 7.358) + (95.074 - 27.965) )/ 2 )
=9.286/( (57.928+67.109)/ 2 )
=9.286/62.5185
=14.85 %

Smart Capital SpA's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=16.366/( ( (62.817 - 5.661) + (95.074 - 27.965) )/ 2 )
=16.366/( ( 57.156 + 67.109 )/ 2 )
=16.366/62.1325
=26.34 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 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 26.34% mean?
Smart Capital SpA (MIL:SMCAP) has a ROCE % of 26.34% as of Dec. 2025.
Is Smart Capital SpA's ROCE % too high?
Smart Capital SpA's current ROCE % is 26.34%. The Asset Management industry median ROCE % is 4.46. Smart Capital SpA's value of 26.34% is 490.6% above this industry median. Overall, Smart Capital SpA has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Smart Capital SpA's ROCE % compare to BLK and BX?
Smart Capital SpA's ROCE % of 26.34% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.46. Smart Capital SpA's value of 26.34% is 490.6% 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 Asset Management company?
The median ROCE % among Asset Management companies is 4.46, based on 706 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. Smart Capital SpA's current ROCE % of 26.34% is 490.6% 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 Asset Management industry, the median ROCE % is 4.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Capital SpA's current ROCE % is 26.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Capital SpA stock overvalued right now?
Smart Capital SpA (MIL:SMCAP) has a current ROCE % of 26.34%. The current ROCE % is 26.34% and 490.6% above the Asset Management industry median of 4.46. Smart Capital SpA's overall GF Score™ is 9/100 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 Smart Capital SpA (MIL:SMCAP), the current ROCE % is 26.34% as of Dec. 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.

Smart Capital SpA Business Description

Address Via Carlo Alberto, 11, Monza, ITA, 20900
Smart Capital SpA is a permanent capital industrial holding company specializing in private investments in public equity (PIPE) and private equity, focusing on small and medium-sized Italian companies, listed, unlisted or in the pre-IPO phase, operating both in Italy and abroad. It is characterized, also in its investment approach, by an entrepreneurial and longterm DNA. The company's main activity consists of acquiring shares and other financial instruments that allow the purchase or subscription of shares, including in the context of capital increases, at the time of listing or subsequently (such as the PIPE), reserved placements, public subscription and sale offers.
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