Joby Aviation (STU:8TQ) ROCE %: -41.28% (As of Mar. 2026)

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STU:8TQ Joby Aviation Inc STU:8TQ
30 GF Score
Price €6.35
! 4 Warning Signs
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What is Joby Aviation ROCE %?

Joby Aviation STU:8TQ -1.55% 30 ROCE % is -41.28% as of Mar. 2026. GuruFocus rates STU:8TQ with a GF Score™ of 30/100. The stock has 4 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. Joby Aviation's annualized ROCE % for the quarter that ended in Mar. 2026 was -41.28%.

Joby Aviation  (STU:8TQ) 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.

Joby Aviation ROCE % Related Terms

Joby Aviation ROCE % Historical Data

* Premium members only.

The historical data trend for Joby Aviation'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.

Joby Aviation ROCE % Chart

Joby Aviation Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial -19.66 -29.65 -37.40 -51.20 -47.54

Joby Aviation 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 -58.60 -58.21 -57.82 -54.71 -41.28
STU:8TQ
30GF Score
Joby Aviation Inc STU:8TQ
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Joby Aviation ROCE % Calculation

Joby Aviation'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 )
=-614.531/( ( (1149.309 - 45.968) + (1532.989 - 51.262) )/ 2 )
=-614.531/( (1103.341+1481.727)/ 2 )
=-614.531/1292.534
=-47.54 %

Joby Aviation'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 )
=-808.188/( ( (1532.989 - 51.262) + (2532.421 - 98.505) )/ 2 )
=-808.188/( ( 1481.727 + 2433.916 )/ 2 )
=-808.188/1957.8215
=-41.28 %

(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 -41.28% mean?
Joby Aviation (STU:8TQ) has a ROCE % of -41.28% as of Mar. 2026.
Is Joby Aviation's ROCE % too high?
Joby Aviation's current ROCE % is -41.28%. Overall, Joby Aviation has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Joby Aviation's ROCE % compare to CAAP and ASLE?
Joby Aviation's ROCE % of -41.28% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. 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 Transportation company?
The median ROCE % among Transportation companies is 7.74, based on 991 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 Transportation industry, the median ROCE % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Joby Aviation's current ROCE % is -41.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joby Aviation stock overvalued right now?
Joby Aviation (STU:8TQ) has a current ROCE % of -41.28%. The current ROCE % is -41.28%. Joby Aviation's overall GF Score™ is 30/100 with 4 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 Joby Aviation (STU:8TQ), the current ROCE % is -41.28% 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.

Joby Aviation Business Description

Other Exchanges JOBY:USA1JOBY:Italy
Address 333 Encinal Street, Santa Cruz, CA, USA, 95060
Joby Aviation Inc is a transportation company developing an all-electric, vertical take-off and landing (eVTOL) air taxi for commercial passenger service. Its Joby eVTOL aircraft is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 mph. The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The company is also developing an app-based platform that will help consumers to book rides directly through its service. It has one operating and reportable segment, air transportation and related services. The company's revenue consists of passenger revenue, which includes revenue generated from the transportation of passengers via helicopter or fixed wing aircraft.
30GF Score

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

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