NHYDY (Norsk Hydro ASA) ROCE %: 17.01% (As of Mar. 2026)


NHYDY Norsk Hydro ASA NHYDY
81 GF Score
Price $9.05
GF Value $6.84
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Norsk Hydro ASA ROCE %?

Norsk Hydro ASA NHYDY +1.29% 81 ROCE % is 17.01% as of Mar. 2026. GuruFocus rates NHYDY with a GF Score™ of 81/100 and a GF Value™ of $6.84 (Significantly Overvalued). The stock has 2 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. Norsk Hydro ASA's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.01%.

Norsk Hydro ASA  (OTCPK:NHYDY) 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.

Norsk Hydro ASA ROCE % Related Terms

Norsk Hydro ASA ROCE % Historical Data

* Premium members only.

The historical data trend for Norsk Hydro ASA'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.

Norsk Hydro ASA ROCE % Chart

Norsk Hydro ASA 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 14.21 22.10 5.40 7.29 10.76

Norsk Hydro ASA 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 25.38 10.55 8.96 -3.60 17.01
NHYDY
81GF Score
Norsk Hydro ASA NHYDY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Norsk Hydro ASA ROCE % Calculation

Norsk Hydro ASA'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 )
=1615.728/( ( (18481.605 - 4403.675) + (20609.287 - 4664.239) )/ 2 )
=1615.728/( (14077.93+15945.048)/ 2 )
=1615.728/15011.489
=10.76 %

Norsk Hydro ASA'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 )
=2792.124/( ( (20609.287 - 4664.239) + (21424.43 - 4548.071) )/ 2 )
=2792.124/( ( 15945.048 + 16876.359 )/ 2 )
=2792.124/16410.7035
=17.01 %

(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 17.01% mean?
Norsk Hydro ASA (NHYDY) has a ROCE % of 17.01% as of Mar. 2026.
Is Norsk Hydro ASA's ROCE % too high?
Norsk Hydro ASA's current ROCE % is 17.01%. Overall, Norsk Hydro ASA has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norsk Hydro ASA's ROCE % compare to AA and CENX?
Norsk Hydro ASA's ROCE % of 17.01% can be compared against companies in the Metals & Mining industry. 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 Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. 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. Norsk Hydro ASA's current ROCE % is 17.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norsk Hydro ASA stock overvalued right now?
Based on GuruFocus' analysis, Norsk Hydro ASA (NHYDY) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.84, compared to a current price of $9.05 — trading 32.2% above its estimated fair value. The current ROCE % is 17.01%. Norsk Hydro ASA's overall GF Score™ is 81/100 with 2 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 Norsk Hydro ASA (NHYDY), the current ROCE % is 17.01% 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 Norsk Hydro ASA (NHYDY) Overvalued in 2026?

Based on GuruFocus' analysis, Norsk Hydro ASA stock appears to be overvalued. The current stock price of $9.05 is trading 32.2% above its estimated GF Value™ of $6.84. GuruFocus considers Norsk Hydro ASA to be Significantly Overvalued.

Key valuation signals for NHYDY:

  • ROCE %: 17.01%
  • GF Value™: $6.84 vs. price of $9.05 (32.2% above fair value)
  • GF Score™: 81/100 with 2 warning signs

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

Norsk Hydro ASA Business Description

Address Drammensveien 264, Oslo, NOR, NO-0283
Norsk Hydro ASA is an aluminium and renewable energy company. The company owns and operates businesses and holds investments in sustainable industries. Its operations span multiple market segments, including aluminum, energy, metal recycling, renewable energy, and batteries, providing expertise across these areas. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Energy, Hydro Aluminium Metal and Hydro Extrusions and Hydro Metal Markets activities. The majority of the company's revenue is derived from the Hydro Extrusions segment, which delivers products within extruded profiles, building systems and precision tubing, and operates several recycling facilities, both integrated with its extrusion plants and separate plants.
81GF Score

Get the complete analysis for NHYDY

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

$9.05
Price
$6.84
GF Value