PUBM (PubMatic) ROCE %: -20.54% (As of Mar. 2026)


PUBM PubMatic Inc PUBM
77 GF Score
Price $11.51
GF Value $16.86
Valuation Possible Value Trap
! 6 Warning Signs
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What is PubMatic ROCE %?

PubMatic PUBM -3.44% 77 ROCE % is -20.54% as of Mar. 2026. GuruFocus rates PUBM with a GF Score™ of 77/100 and a GF Value™ of $16.86 (Possible Value Trap). 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. PubMatic's annualized ROCE % for the quarter that ended in Mar. 2026 was -20.54%.

PubMatic  (NAS:PUBM) 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.

PubMatic ROCE % Related Terms

PubMatic ROCE % Historical Data

* Premium members only.

The historical data trend for PubMatic'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.

PubMatic ROCE % Chart

PubMatic Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial 25.40 13.00 0.62 1.23 -5.52

PubMatic 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 -14.90 -7.22 -11.73 11.52 -20.54
PUBM
77GF Score
PubMatic Inc PUBM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PubMatic ROCE % Calculation

PubMatic'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 )
=-17.259/( ( (739.519 - 418.81) + (680.195 - 375.85) )/ 2 )
=-17.259/( (320.709+304.345)/ 2 )
=-17.259/312.527
=-5.52 %

PubMatic'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 )
=-61.092/( ( (680.195 - 375.85) + (659.441 - 368.861) )/ 2 )
=-61.092/( ( 304.345 + 290.58 )/ 2 )
=-61.092/297.4625
=-20.54 %

(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 -20.54% mean?
PubMatic (PUBM) has a ROCE % of -20.54% as of Mar. 2026.
Is PubMatic's ROCE % too high?
PubMatic's current ROCE % is -20.54%. Overall, PubMatic has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PubMatic's ROCE % compare to RBBN and CRNC?
PubMatic's ROCE % of -20.54% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. 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 Software company?
The median ROCE % among Software companies is 5.27, based on 2,713 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 Software industry, the median ROCE % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PubMatic's current ROCE % is -20.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PubMatic stock overvalued right now?
Based on GuruFocus' analysis, PubMatic (PUBM) is currently considered Possible Value Trap. The stock's GF Value™ is $16.86, compared to a current price of $11.51 — trading 31.8% below its estimated fair value. The current ROCE % is -20.54%. PubMatic's overall GF Score™ is 77/100 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 PubMatic (PUBM), the current ROCE % is -20.54% 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 PubMatic (PUBM) Overvalued in 2026?

Based on GuruFocus' analysis, PubMatic stock appears to be undervalued. The current stock price of $11.51 is trading 31.8% below its estimated GF Value™ of $16.86. GuruFocus considers PubMatic to be Possible Value Trap.

Key valuation signals for PUBM:

  • ROCE %: -20.54%
  • GF Value™: $16.86 vs. price of $11.51 (31.8% below fair value)
  • GF Score™: 77/100 with 6 warning signs

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

PubMatic Business Description

Address 601 Marshall Street, Redwood City, CA, USA, 94063
PubMatic Inc is is an independent, artificial intelligence-powered advertising technology company that delivers digital advertising performance. Its integrated technology platform connects buyers, publishers, data providers, and commerce media networks on a single, unified platform, to deliver advertising performance, control, transparency and efficiency. Its platform empowers the world's digital content creators (publishers) to maximize monetization of their advertising inventory and audiences and provides control and transparency to buyers, which includes advertisers, agencies, agency trading desks, and demand side platforms (DSPs) (referred as buyers). Geographically, the company generates the majority of its revenue from the United States, followed by EMEA, APAC, and Rest of the World.
77GF Score

Get the complete analysis for PUBM

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

$11.51
Price
$16.86
GF Value