Fjord Defence Group ASA (OSL:DFENS) ROCE %: -19.00% (As of Mar. 2026)

What is Fjord Defence Group ASA ROCE %?

Fjord Defence Group ASA OSL:DFENS +0.31% 55 ROCE % is -19.00% as of Mar. 2026. GuruFocus rates OSL:DFENS with a GF Score™ of 55/100 and a GF Value™ of kr6.31 (Significantly 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. Fjord Defence Group ASA's annualized ROCE % for the quarter that ended in Mar. 2026 was -19.00%.

Fjord Defence Group ASA (OSL:DFENS) 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.

Fjord Defence Group ASA ROCE % Related Terms

Fjord Defence Group ASA ROCE % Historical Data

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The historical data trend for Fjord Defence Group 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.

Fjord Defence Group ASA ROCE % Chart

Fjord Defence Group ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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55.63

-0.65

-18.58

-37.44

-23.34

Fjord Defence Group 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															-30.81	-16.10	-27.14	-23.96	-19.00

55GF Score

Fjord Defence Group ASA OSL:DFENS

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Fjord Defence Group ASA ROCE % Calculation

Fjord Defence Group 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 )
	=	-114.889	/	( ( (326.425 - 19.693)	+	(723.463 - 45.816) )	/ 2 )
	=	-114.889	/	( (306.732	+	677.647)	/ 2 )
	=	-114.889	/	492.1895
	=	-23.34 %

Fjord Defence Group 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 )
	=	-147.548	/	( ( (723.463 - 45.816)	+	(1007.226 - 131.384) )	/ 2 )
	=	-147.548	/	( ( 677.647	+	875.842 )	/ 2 )
	=	-147.548	/	776.7445
	=	-19.00 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -19.00% mean?

Fjord Defence Group ASA (OSL:DFENS) has a ROCE % of -19.00% as of Mar. 2026.

Is Fjord Defence Group ASA's ROCE % too high?

Fjord Defence Group ASA's current ROCE % is -19.00%. Overall, Fjord Defence Group ASA has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Fjord Defence Group ASA's ROCE % compare to SPCX and GE?

Fjord Defence Group ASA's ROCE % of -19.00% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. 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 Aerospace & Defense company?

The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 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 Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fjord Defence Group ASA's current ROCE % is -19.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Fjord Defence Group ASA stock overvalued right now?

Based on GuruFocus' analysis, Fjord Defence Group ASA (OSL:DFENS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr6.31, compared to a current price of kr16.35 — trading 159.1% above its estimated fair value. The current ROCE % is -19.00%. Fjord Defence Group ASA's overall GF Score™ is 55/100 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 Fjord Defence Group ASA (OSL:DFENS), the current ROCE % is -19.00% 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 Fjord Defence Group ASA (OSL:DFENS) Overvalued in 2026?

Based on GuruFocus' analysis, Fjord Defence Group ASA stock appears to be overvalued. The current stock price of kr16.35 is trading 159.1% above its estimated GF Value™ of kr6.31. GuruFocus considers Fjord Defence Group ASA to be Significantly Overvalued.

Key valuation signals for OSL:DFENS:

ROCE %: -19.00%
GF Value™: kr6.31 vs. price of kr16.35 (159.1% above fair value)
GF Score™: 55/100 with 6 warning signs

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

Fjord Defence Group ASA Business Description

Industry Industrials Aerospace & Defense

Comparable Companies OSL:NTI SPCX GE RTX XPAR:AIR BA XPAR:SAF LSE:RR.LMT HWM GD TDG LSE:BA.NOC HONAV LHX RKLB XPAR:HO XTER:RHM HEI.A

Other Exchanges 0RU7:UK S5B0:Germany

Address Askekroken 11, Oslo, NOR, 0277

Website https://www.fjorddefencegroup.no

Fjord Defence Group ASA is a Norwegian defence compounder engaged in acquiring and growing small to mid-sized profitable defence tech companies. The company is building a portfolio of fast-growing, profitable companies to capitalise on a c in defense spending.

55GF Score

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

kr16.35

Price

kr6.31

GF Value

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