Cathay Pacific Airways (STU:CTY) ROCE %: 16.03% (As of Dec. 2025)


STU:CTY Cathay Pacific Airways Ltd STU:CTY
76 GF Score
Price €1.38
GF Value €1.46
Valuation Fairly Valued
! 2 Warning Signs
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What is Cathay Pacific Airways ROCE %?

Cathay Pacific Airways STU:CTY -1.22% 76 ROCE % is 16.03% as of Dec. 2025. GuruFocus rates STU:CTY with a GF Score™ of 76/100 and a GF Value™ of €1.46 (Fairly Valued). The stock has 2 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. Cathay Pacific Airways's annualized ROCE % for the quarter that ended in Dec. 2025 was 16.03%.

Cathay Pacific Airways  (STU:CTY) 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.

Cathay Pacific Airways ROCE % Related Terms

Cathay Pacific Airways ROCE % Historical Data

* Premium members only.

The historical data trend for Cathay Pacific Airways'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.

Cathay Pacific Airways ROCE % Chart

Cathay Pacific Airways 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 -2.37 -2.20 10.95 12.38 12.21

Cathay Pacific Airways Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 12.30 9.70 14.58 9.54 16.03
STU:CTY
76GF Score
Cathay Pacific Airways Ltd STU:CTY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Cathay Pacific Airways ROCE % Calculation

Cathay Pacific Airways'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 )
=1698.934/( ( (21038.158 - 6172.106) + (19432.649 - 6480.403) )/ 2 )
=1698.934/( (14866.052+12952.246)/ 2 )
=1698.934/13909.149
=12.21 %

Cathay Pacific Airways'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 )
=2077.706/( ( (18812.506 - 5838.105) + (19432.649 - 6480.403) )/ 2 )
=2077.706/( ( 12974.401 + 12952.246 )/ 2 )
=2077.706/12963.3235
=16.03 %

(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 16.03% mean?
Cathay Pacific Airways (STU:CTY) has a ROCE % of 16.03% as of Dec. 2025.
Is Cathay Pacific Airways' ROCE % too high?
Cathay Pacific Airways' current ROCE % is 16.03%. The Transportation industry median ROCE % is 7.74. Cathay Pacific Airways' value of 16.03% is 107.1% above this industry median. Overall, Cathay Pacific Airways has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cathay Pacific Airways' ROCE % compare to DAL and UAL?
Cathay Pacific Airways' ROCE % of 16.03% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. Cathay Pacific Airways' value of 16.03% is 107.1% 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 Transportation company?
The median ROCE % among Transportation companies is 7.74, based on 997 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. Cathay Pacific Airways's current ROCE % of 16.03% is 107.1% 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 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. Cathay Pacific Airways's current ROCE % is 16.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Pacific Airways stock overvalued right now?
Based on GuruFocus' analysis, Cathay Pacific Airways (STU:CTY) is currently considered Fairly Valued. The stock's GF Value™ is €1.46, compared to a current price of €1.38 — trading 5.7% below its estimated fair value. The current ROCE % is 16.03% and 107.1% above the Transportation industry median of 7.74. Cathay Pacific Airways' overall GF Score™ is 76/100 with 2 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 Cathay Pacific Airways (STU:CTY), the current ROCE % is 16.03% 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 Cathay Pacific Airways (STU:CTY) Overvalued in 2026?

Based on GuruFocus' analysis, Cathay Pacific Airways stock appears to be undervalued. The current stock price of €1.38 is trading 5.7% below its estimated GF Value™ of €1.46. GuruFocus considers Cathay Pacific Airways to be Fairly Valued.

Key valuation signals for STU:CTY:

  • ROCE %: 16.03%
  • GF Value™: €1.46 vs. price of €1.38 (5.7% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 107.1% above the Transportation median

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

Cathay Pacific Airways Business Description

Address 88 Queensway, 33rd Floor, One Pacific Place, Hong Kong, HKG
Cathay Pacific is Hong Kong's largest airline group, operating a fleet of 237 aircraft as of December 2025 and serving over 100 destinations globally. As of March 2026, its largest shareholders remain Swire Pacific and Air China, with stakes of 45% and 29%, respectively. The group operates the full-service carrier Cathay Pacific, low-cost carrier HK Express, and cargo operator Air Hong Kong.
76GF Score

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

€1.38
Price
€1.46
GF Value