Fortum Oyj (STU:FOT) ROCE %: 16.15% (As of Mar. 2026)


STU:FOT Fortum Oyj STU:FOT
58 GF Score
Price €19.42
GF Value €12.39
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Fortum Oyj ROCE %?

Fortum Oyj STU:FOT +1.12% 58 ROCE % is 16.15% as of Mar. 2026. GuruFocus rates STU:FOT with a GF Score™ of 58/100 and a GF Value™ of €12.39 (Significantly Overvalued). 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. Fortum Oyj's annualized ROCE % for the quarter that ended in Mar. 2026 was 16.15%.

Fortum Oyj  (STU:FOT) 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.

Fortum Oyj ROCE % Related Terms

Fortum Oyj ROCE % Historical Data

* Premium members only.

The historical data trend for Fortum Oyj'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.

Fortum Oyj ROCE % Chart

Fortum Oyj 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 10.51 5.81 13.41 10.92 7.60

Fortum Oyj 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 13.10 4.75 3.04 9.90 16.15
STU:FOT
58GF Score
Fortum Oyj STU:FOT
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortum Oyj ROCE % Calculation

Fortum Oyj'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 )
=1124/( ( (17307 - 1873) + (16444 - 2288) )/ 2 )
=1124/( (15434+14156)/ 2 )
=1124/14795
=7.60 %

Fortum Oyj'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 )
=2260/( ( (16444 - 2288) + (15994 - 2168) )/ 2 )
=2260/( ( 14156 + 13826 )/ 2 )
=2260/13991
=16.15 %

(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 16.15% mean?
Fortum Oyj (STU:FOT) has a ROCE % of 16.15% as of Mar. 2026.
Is Fortum Oyj's ROCE % too high?
Fortum Oyj's current ROCE % is 16.15%. The Utilities - Independent Power Producers industry median ROCE % is 4.79. Fortum Oyj's value of 16.15% is 237.2% above this industry median. Overall, Fortum Oyj has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's ROCE % compare to competitors?
Fortum Oyj's ROCE % of 16.15% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.79. Fortum Oyj's value of 16.15% is 237.2% 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 an Utilities - Independent Power Producers company?
The median ROCE % among Utilities - Independent Power Producers companies is 4.79, based on 437 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. Fortum Oyj's current ROCE % of 16.15% is 237.2% 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 Utilities - Independent Power Producers industry, the median ROCE % is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortum Oyj's current ROCE % is 16.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (STU:FOT) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.39, compared to a current price of €19.42 — trading 56.7% above its estimated fair value. The current ROCE % is 16.15% and 237.2% above the Utilities - Independent Power Producers industry median of 4.79. Fortum Oyj's overall GF Score™ is 58/100 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 Fortum Oyj (STU:FOT), the current ROCE % is 16.15% 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 Fortum Oyj (STU:FOT) Overvalued in 2026?

Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued. The current stock price of €19.42 is trading 56.7% above its estimated GF Value™ of €12.39. GuruFocus considers Fortum Oyj to be Significantly Overvalued.

Key valuation signals for STU:FOT:

  • ROCE %: 16.15%
  • GF Value™: €12.39 vs. price of €19.42 (56.7% above fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 237.2% above the Utilities - Independent Power Producers median

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

Fortum Oyj Business Description

Address Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, 02150
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
58GF Score

Get the complete analysis for STU:FOT

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

€19.42
Price
€12.39
GF Value