SMID (Smith-Midland) ROCE %: 9.71% (As of Mar. 2026)


SMID Smith-Midland Corp SMID
90 GF Score
Price $29.71
GF Value $42.54
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Smith-Midland ROCE %?

Smith-Midland SMID -0.34% 90 ROCE % is 9.71% as of Mar. 2026. GuruFocus rates SMID with a GF Score™ of 90/100 and a GF Value™ of $42.54 (Significantly Undervalued). The stock has 1 warning sign 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. Smith-Midland's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.71%.

Smith-Midland  (NAS:SMID) 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.

Smith-Midland ROCE % Related Terms

Smith-Midland ROCE % Historical Data

* Premium members only.

The historical data trend for Smith-Midland'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.

Smith-Midland ROCE % Chart

Smith-Midland 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 24.12 2.92 3.57 20.44 27.30

Smith-Midland 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 31.91 36.33 23.71 19.26 9.71
SMID
90GF Score
Smith-Midland Corp SMID
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Smith-Midland ROCE % Calculation

Smith-Midland'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 )
=17.251/( ( (67.991 - 15.01) + (87.729 - 14.332) )/ 2 )
=17.251/( (52.981+73.397)/ 2 )
=17.251/63.189
=27.30 %

Smith-Midland'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 )
=7.232/( ( (87.729 - 14.332) + (92.195 - 16.576) )/ 2 )
=7.232/( ( 73.397 + 75.619 )/ 2 )
=7.232/74.508
=9.71 %

(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 9.71% mean?
Smith-Midland (SMID) has a ROCE % of 9.71% as of Mar. 2026.
Is Smith-Midland's ROCE % too high?
Smith-Midland's current ROCE % is 9.71%. The Building Materials industry median ROCE % is 5.95. Smith-Midland's value of 9.71% is 63.2% above this industry median. Overall, Smith-Midland has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smith-Midland's ROCE % compare to PHCI and RETO?
Smith-Midland's ROCE % of 9.71% can be compared against companies in the Building Materials industry. The industry median ROCE % is 5.95. Smith-Midland's value of 9.71% is 63.2% 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 Building Materials company?
The median ROCE % among Building Materials companies is 5.95, based on 407 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. Smith-Midland's current ROCE % of 9.71% is 63.2% 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 Building Materials industry, the median ROCE % is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smith-Midland's current ROCE % is 9.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smith-Midland stock overvalued right now?
Based on GuruFocus' analysis, Smith-Midland (SMID) is currently considered Significantly Undervalued. The stock's GF Value™ is $42.54, compared to a current price of $29.71 — trading 30.2% below its estimated fair value. The current ROCE % is 9.71% and 63.2% above the Building Materials industry median of 5.95. Smith-Midland's overall GF Score™ is 90/100 with 1 warning sign 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 Smith-Midland (SMID), the current ROCE % is 9.71% 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 Smith-Midland (SMID) Overvalued in 2026?

Based on GuruFocus' analysis, Smith-Midland stock appears to be undervalued. The current stock price of $29.71 is trading 30.2% below its estimated GF Value™ of $42.54. GuruFocus considers Smith-Midland to be Significantly Undervalued.

Key valuation signals for SMID:

  • ROCE %: 9.71%
  • GF Value™: $42.54 vs. price of $29.71 (30.2% below fair value)
  • GF Score™: 90/100 with 1 warning sign
  • Industry Position: 63.2% above the Building Materials median

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

Smith-Midland Business Description

Address 5119 Catlett Road, P.O. Box 300, Midland, VA, USA, 22728
Smith-Midland Corp through its subsidiaries invents, develops, manufactures, markets, sells, and installs precast concrete products for primary use in the construction, highway, utilities, and farming industries. The firm's customers are general contractors and federal, state, and local transportation authorities. Its products include Slenderwall, JJhooks, Softsound, Sierra Wall and Easi set. A substantial portion of the company's business is derived from local, state, and federal building projects. The company generates revenues predominantly from the sale, leasing, licensing, shipping, and installation of precast concrete products for the construction, utility, and farming industries.
90GF Score

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

$29.71
Price
$42.54
GF Value