LightAir AB (NGM:LAIR) ROCE %: -25.77% (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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NGM:LAIR LightAir AB NGM:LAIR
34 GF Score
Price kr0.69
GF Value kr0.28
Valuation Significantly Overvalued
! 3 Warning Signs
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What is LightAir AB ROCE %?

LightAir AB NGM:LAIR 34 ROCE % is -25.77% as of Dec. 2025. GuruFocus rates NGM:LAIR with a GF Score™ of 34/100 and a GF Value™ of kr0.28 (Significantly Overvalued). 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. LightAir AB's annualized ROCE % for the quarter that ended in Dec. 2025 was -25.77%.

LightAir AB  (NGM:LAIR) 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.

LightAir AB ROCE % Related Terms

LightAir AB ROCE % Historical Data

* Premium members only.

The historical data trend for LightAir AB'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.

LightAir AB ROCE % Chart

LightAir AB 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 -34.66 -110.17 -47.74 -111.94 -25.71

LightAir AB Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -65.57 -54.57 -114.61 -46.95 -25.77
NGM:LAIR
34GF Score
LightAir AB NGM:LAIR
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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LightAir AB ROCE % Calculation

LightAir AB'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 )
=-7.325/( ( (26.77 - 5.138) + (38.955 - 3.599) )/ 2 )
=-7.325/( (21.632+35.356)/ 2 )
=-7.325/28.494
=-25.71 %

LightAir AB'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 )
=-6.752/( ( (27.377 - 10.335) + (38.955 - 3.599) )/ 2 )
=-6.752/( ( 17.042 + 35.356 )/ 2 )
=-6.752/26.199
=-25.77 %

(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 -25.77% mean?
LightAir AB (NGM:LAIR) has a ROCE % of -25.77% as of Dec. 2025.
Is LightAir AB's ROCE % too high?
LightAir AB's current ROCE % is -25.77%. Overall, LightAir AB has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LightAir AB's ROCE % compare to VLTO and ZWS?
LightAir AB's ROCE % of -25.77% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.00. 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 Industrial Products company?
The median ROCE % among Industrial Products companies is 7.00, based on 3,029 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 Industrial Products industry, the median ROCE % is 7.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LightAir AB's current ROCE % is -25.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LightAir AB stock overvalued right now?
Based on GuruFocus' analysis, LightAir AB (NGM:LAIR) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.28, compared to a current price of kr0.69 — trading 146.4% above its estimated fair value. The current ROCE % is -25.77%. LightAir AB's overall GF Score™ is 34/100 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 LightAir AB (NGM:LAIR), the current ROCE % is -25.77% 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.

Is LightAir AB (NGM:LAIR) Overvalued in 2026?

Based on GuruFocus' analysis, LightAir AB stock appears to be overvalued. The current stock price of kr0.69 is trading 146.4% above its estimated GF Value™ of kr0.28. GuruFocus considers LightAir AB to be Significantly Overvalued.

Key valuation signals for NGM:LAIR:

  • ROCE %: -25.77%
  • GF Value™: kr0.28 vs. price of kr0.69 (146.4% above fair value)
  • GF Score™: 34/100 with 3 warning signs

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

LightAir AB Business Description

Address Svetsarvagen 13, kersberga, Stockholm, SWE, 184 42
LightAir AB is engaged in manufacturing and selling of air purifiers used for different industrial purposes such as traffic pollution, pet allergen, industrial pollution, smoke, and others. Its Air purifiers products include IonFlow Signature, IonFlow Evolution, IonFlow Style, IonFlow Surface, and others. The company distributes its products in Europe, Asia, and North America.
34GF Score

Get the complete analysis for NGM:LAIR

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

kr0.69
Price
kr0.28
GF Value