KBC Ancora (STU:KB9) ROCE %: 17.40% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:KB9 KBC Ancora SA STU:KB9
63 GF Score
Price €95.40
GF Value €53.81
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is KBC Ancora ROCE %?

KBC Ancora STU:KB9 -1.16% 63 ROCE % is 17.40% as of Jun. 2026. GuruFocus rates STU:KB9 with a GF Score™ of 63/100 and a GF Value™ of €53.81 (Significantly Overvalued). The stock has 8 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. KBC Ancora's annualized ROCE % for the quarter that ended in Jun. 2026 was 17.40%.

KBC Ancora  (STU:KB9) 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.

KBC Ancora ROCE % Related Terms

KBC Ancora ROCE % Historical Data

* Premium members only.

The historical data trend for KBC Ancora'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.

KBC Ancora ROCE % Chart

KBC Ancora Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.62 8.55 10.55 8.87 10.91

KBC Ancora Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 16.63 4.21 13.37 4.17 17.40
STU:KB9
63GF Score
KBC Ancora SA STU:KB9
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KBC Ancora ROCE % Calculation

KBC Ancora's annualized ROCE % for the fiscal year that ended in Jun. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2026 )  (A: Jun. 2025 )(A: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2026 )  (A: Jun. 2025 )(A: Jun. 2026 )
=393.469/( ( (3629.268537 - 0.554625) + (3686.097 - 100.701) )/ 2 )
=393.469/( (3628.713912+3585.396)/ 2 )
=393.469/3607.054956
=10.91 %

KBC Ancora's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Dec. 2025 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Dec. 2025 )(Q: Jun. 2026 )
=634.126/( ( (3705.675 - 2.602) + (3686.097 - 100.701) )/ 2 )
=634.126/( ( 3703.073 + 3585.396 )/ 2 )
=634.126/3644.2345
=17.40 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 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 17.40% mean?
KBC Ancora (STU:KB9) has a ROCE % of 17.40% as of Jun. 2026.
Is KBC Ancora's ROCE % too high?
KBC Ancora's current ROCE % is 17.40%. The Asset Management industry median ROCE % is 4.80. KBC Ancora's value of 17.40% is 262.5% above this industry median. Overall, KBC Ancora has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KBC Ancora's ROCE % compare to BLK and BX?
KBC Ancora's ROCE % of 17.40% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.80. KBC Ancora's value of 17.40% is 262.5% 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 Asset Management company?
The median ROCE % among Asset Management companies is 4.80, based on 702 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. KBC Ancora's current ROCE % of 17.40% is 262.5% 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 Asset Management industry, the median ROCE % is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KBC Ancora's current ROCE % is 17.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KBC Ancora stock overvalued right now?
Based on GuruFocus' analysis, KBC Ancora (STU:KB9) is currently considered Significantly Overvalued. The stock's GF Value™ is €53.81, compared to a current price of €95.40 — trading 77.3% above its estimated fair value. The current ROCE % is 17.40% and 262.5% above the Asset Management industry median of 4.80. KBC Ancora's overall GF Score™ is 63/100 with 8 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 KBC Ancora (STU:KB9), the current ROCE % is 17.40% as of Jun. 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 KBC Ancora (STU:KB9) Overvalued in 2026?

Based on GuruFocus' analysis, KBC Ancora stock appears to be overvalued. The current stock price of €95.40 is trading 77.3% above its estimated GF Value™ of €53.81. GuruFocus considers KBC Ancora to be Significantly Overvalued.

Key valuation signals for STU:KB9:

  • ROCE %: 17.40%
  • GF Value™: €53.81 vs. price of €95.40 (77.3% above fair value)
  • GF Score™: 63/100 with 8 warning signs
  • Industry Position: 262.5% above the Asset Management median

No single metric tells the full story. See the STU:KB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

KBC Ancora Business Description

Other Exchanges KBCAb:UK0MFW:UKKBCA:Belgium
Address Muntstraat 1, Leuven, BEL, 3000
KBC Ancora SA is a financial services holding company whose sole asset is a substantial participating interest in KBC Group. Its operational activities are fairly limited. The group engages in retail banking, insurance, and asset management services, deriving the vast majority of its profits from activities in Belgium. Other profit-driving markets include the Czech Republic, Bulgaria, and Ireland. Revenue is reported through net interest income, insurance premiums, and fees and commissions, reflecting a diverse range of services.
63GF Score

Get the complete analysis for STU:KB9

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

€95.40
Price
€53.81
GF Value