CEZ AS (WAR:CEZ) ROCE %: 12.93% (As of Mar. 2026)

What is CEZ AS ROCE %?

CEZ AS WAR:CEZ -0.28% 82 ROCE % is 12.93% as of Mar. 2026. GuruFocus rates WAR:CEZ with a GF Score™ of 82/100 and a GF Value™ of zł188.81 (Modestly Overvalued). The stock has 6 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. CEZ AS's annualized ROCE % for the quarter that ended in Mar. 2026 was 12.93%.

CEZ AS (WAR:CEZ) 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.

CEZ AS ROCE % Related Terms

CEZ AS ROCE % Historical Data

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The historical data trend for CEZ AS'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.

CEZ AS ROCE % Chart

CEZ AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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4.20

20.77

15.70

14.30

12.66

CEZ AS 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															16.73	10.44	8.90	11.26	12.93

82GF Score

CEZ AS WAR:CEZ

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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CEZ AS ROCE % Calculation

CEZ AS'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 )
	=	14630.748	/	( ( (137901.088 - 28588.031)	+	(153390.363 - 31540.671) )	/ 2 )
	=	14630.748	/	( (109313.057	+	121849.692)	/ 2 )
	=	14630.748	/	115581.3745
	=	12.66 %

CEZ AS'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 )
	=	15767.552	/	( ( (153390.363 - 31540.671)	+	(161779.92 - 39676.469) )	/ 2 )
	=	15767.552	/	( ( 121849.692	+	122103.451 )	/ 2 )
	=	15767.552	/	121976.5715
	=	12.93 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 12.93% mean?

CEZ AS (WAR:CEZ) has a ROCE % of 12.93% as of Mar. 2026.

Is CEZ AS's ROCE % too high?

CEZ AS's current ROCE % is 12.93%. The Utilities - Regulated industry median ROCE % is 6.95. CEZ AS's value of 12.93% is 86% above this industry median. Overall, CEZ AS has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does CEZ AS's ROCE % compare to NEE and SO?

CEZ AS's ROCE % of 12.93% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. CEZ AS's value of 12.93% is 86% 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 - Regulated company?

The median ROCE % among Utilities - Regulated companies is 6.95, based on 505 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. CEZ AS's current ROCE % of 12.93% is 86% 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 - Regulated industry, the median ROCE % is 6.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEZ AS's current ROCE % is 12.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CEZ AS stock overvalued right now?

Based on GuruFocus' analysis, CEZ AS (WAR:CEZ) is currently considered Modestly Overvalued. The stock's GF Value™ is zł188.81, compared to a current price of zł211.60 — trading 12.1% above its estimated fair value. The current ROCE % is 12.93% and 86% above the Utilities - Regulated industry median of 6.95. CEZ AS's overall GF Score™ is 82/100 with 6 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 CEZ AS (WAR:CEZ), the current ROCE % is 12.93% 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 CEZ AS (WAR:CEZ) Overvalued in 2026?

Based on GuruFocus' analysis, CEZ AS stock appears to be overvalued. The current stock price of zł211.60 is trading 12.1% above its estimated GF Value™ of zł188.81. GuruFocus considers CEZ AS to be Modestly Overvalued.

Key valuation signals for WAR:CEZ:

ROCE %: 12.93%
GF Value™: zł188.81 vs. price of zł211.60 (12.1% above fair value)
GF Score™: 82/100 with 6 warning signs
Industry Position: 86% above the Utilities - Regulated median

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

CEZ AS Business Description

Industry Utilities Utilities - Regulated

Comparable Companies XPRA:ENRGA NEE SO DUK LSE:NG.AEP D ETR XEL EXC XMAD:ELE BOM:532555 PEG ED WEC PCG AEE DTE BOM:532898 TSX:FTS

Other Exchanges 0NZF:UK CEZ:Germany CEZ:Czech Republic

Address Duhova 2/1444, Praha 4, Prague, CZE, 140 53

Website https://www.cez.cz

CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat, coal mining, trading in commodities and provision of complex energy services, distribution, trade, and sale of natural gas, and the provision of telecommunications services. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The group operates mainly in Czechia and in Central and Western European markets.

82GF Score

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

zł211.60

Price

zł188.81

GF Value

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