Tourism Holdings (NZSE:THL) ROCE %: 9.51% (As of Dec. 2025)


NZSE:THL Tourism Holdings Ltd NZSE:THL
73 GF Score
Price NZ$2.88
GF Value NZ$2.26
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Tourism Holdings ROCE %?

Tourism Holdings NZSE:THL -0.35% 73 ROCE % is 9.51% as of Dec. 2025. GuruFocus rates NZSE:THL with a GF Score™ of 73/100 and a GF Value™ of NZ$2.26 (Modestly Overvalued). The stock has 10 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. Tourism Holdings's annualized ROCE % for the quarter that ended in Dec. 2025 was 9.51%.

Tourism Holdings  (NZSE:THL) 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.

Tourism Holdings ROCE % Related Terms

Tourism Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Tourism Holdings'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.

Tourism Holdings ROCE % Chart

Tourism Holdings Annual Data
Trend Jun23 Jun24 Jun25
ROCE %
9.06 9.39 2.83

Tourism Holdings Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % Get a 7-Day Free Trial 14.58 3.17 9.75 -3.56 9.51
NZSE:THL
73GF Score
Tourism Holdings Ltd NZSE:THL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tourism Holdings ROCE % Calculation

Tourism Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=33.588/( ( (1482.347 - 435.073) + (1577.768 - 247.989) )/ 2 )
=33.588/( (1047.274+1329.779)/ 2 )
=33.588/1188.5265
=2.83 %

Tourism Holdings'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 )
=127.736/( ( (1577.768 - 247.989) + (1562.475 - 206.081) )/ 2 )
=127.736/( ( 1329.779 + 1356.394 )/ 2 )
=127.736/1343.0865
=9.51 %

(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 9.51% mean?
Tourism Holdings (NZSE:THL) has a ROCE % of 9.51% as of Dec. 2025.
Is Tourism Holdings' ROCE % too high?
Tourism Holdings' current ROCE % is 9.51%. The Vehicles & Parts industry median ROCE % is 7.94. Tourism Holdings' value of 9.51% is 19.8% above this industry median. Overall, Tourism Holdings has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tourism Holdings' ROCE % compare to BC and THO?
Tourism Holdings' ROCE % of 9.51% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Tourism Holdings' value of 9.51% is 19.8% 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 a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 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. Tourism Holdings's current ROCE % of 9.51% is 19.8% 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 Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tourism Holdings's current ROCE % is 9.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tourism Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tourism Holdings (NZSE:THL) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$2.26, compared to a current price of NZ$2.88 — trading 27.4% above its estimated fair value. The current ROCE % is 9.51% and 19.8% above the Vehicles & Parts industry median of 7.94. Tourism Holdings' overall GF Score™ is 73/100 with 10 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 Tourism Holdings (NZSE:THL), the current ROCE % is 9.51% 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 Tourism Holdings (NZSE:THL) Overvalued in 2026?

Based on GuruFocus' analysis, Tourism Holdings stock appears to be overvalued. The current stock price of NZ$2.88 is trading 27.4% above its estimated GF Value™ of NZ$2.26. GuruFocus considers Tourism Holdings to be Modestly Overvalued.

Key valuation signals for NZSE:THL:

  • ROCE %: 9.51%
  • GF Value™: NZ$2.26 vs. price of NZ$2.88 (27.4% above fair value)
  • GF Score™: 73/100 with 10 warning signs
  • Industry Position: 19.8% above the Vehicles & Parts median

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

Tourism Holdings Business Description

Other Exchanges UCH:GermanyTHL:Australia
Address 470 Oruarangi Road, Mangere, Auckland, NTL, NZL, 2022
Tourism Holdings Ltd is a New Zealand-based company engaged in the design, manufacture, rental, and sale of motorhomes and other tourism-related activities. The company operates in the following segments namely New Zealand Rentals; Action Manufacturing; Tourism Group; Australia Rentals, sales and manufacturing; United States Rentals and corporate. It generates maximum revenue from Australia Rentals segment.
73GF Score

Get the complete analysis for NZSE:THL

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

NZ$2.88
Price
NZ$2.26
GF Value