Kernel Holding (WAR:KER) ROCE %: 19.19% (As of Mar. 2026)


WAR:KER Kernel Holding SA WAR:KER
63 GF Score
Price zł19.44
GF Value zł13.28
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Kernel Holding ROCE %?

Kernel Holding WAR:KER -0.31% 63 ROCE % is 19.19% as of Mar. 2026. GuruFocus rates WAR:KER with a GF Score™ of 63/100 and a GF Value™ of zł13.28 (Significantly Overvalued). The stock has 1 warning sign 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. Kernel Holding's annualized ROCE % for the quarter that ended in Mar. 2026 was 19.19%.

Kernel Holding  (WAR:KER) 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.

Kernel Holding ROCE % Related Terms

Kernel Holding ROCE % Historical Data

* Premium members only.

The historical data trend for Kernel Holding'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.

Kernel Holding ROCE % Chart

Kernel Holding Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.23 3.31 26.35 16.02 15.50

Kernel Holding 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 12.52 7.35 17.33 8.35 19.19
WAR:KER
63GF Score
Kernel Holding SA WAR:KER
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Kernel Holding ROCE % Calculation

Kernel Holding's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=1334.005/( ( (12482.357 - 5023.433) + (12201.304 - 2450.435) )/ 2 )
=1334.005/( (7458.924+9750.869)/ 2 )
=1334.005/8604.8965
=15.50 %

Kernel Holding'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 )
=1952.988/( ( (12385.362 - 2342.813) + (13506.25 - 3197.36) )/ 2 )
=1952.988/( ( 10042.549 + 10308.89 )/ 2 )
=1952.988/10175.7195
=19.19 %

(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 19.19% mean?
Kernel Holding (WAR:KER) has a ROCE % of 19.19% as of Mar. 2026.
Is Kernel Holding's ROCE % too high?
Kernel Holding's current ROCE % is 19.19%. The Retail - Defensive industry median ROCE % is 8.98. Kernel Holding's value of 19.19% is 113.7% above this industry median. Overall, Kernel Holding has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kernel Holding's ROCE % compare to SYY and USFD?
Kernel Holding's ROCE % of 19.19% can be compared against companies in the Retail - Defensive industry. The industry median ROCE % is 8.98. Kernel Holding's value of 19.19% is 113.7% 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 Retail - Defensive company?
The median ROCE % among Retail - Defensive companies is 8.98, based on 307 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. Kernel Holding's current ROCE % of 19.19% is 113.7% 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 Retail - Defensive industry, the median ROCE % is 8.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kernel Holding's current ROCE % is 19.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kernel Holding stock overvalued right now?
Based on GuruFocus' analysis, Kernel Holding (WAR:KER) is currently considered Significantly Overvalued. The stock's GF Value™ is zł13.28, compared to a current price of zł19.44 — trading 46.4% above its estimated fair value. The current ROCE % is 19.19% and 113.7% above the Retail - Defensive industry median of 8.98. Kernel Holding's overall GF Score™ is 63/100 with 1 warning sign 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 Kernel Holding (WAR:KER), the current ROCE % is 19.19% 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 Kernel Holding (WAR:KER) Overvalued in 2026?

Based on GuruFocus' analysis, Kernel Holding stock appears to be overvalued. The current stock price of zł19.44 is trading 46.4% above its estimated GF Value™ of zł13.28. GuruFocus considers Kernel Holding to be Significantly Overvalued.

Key valuation signals for WAR:KER:

  • ROCE %: 19.19%
  • GF Value™: zł13.28 vs. price of zł19.44 (46.4% above fair value)
  • GF Score™: 63/100 with 1 warning sign
  • Industry Position: 113.7% above the Retail - Defensive median

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

Kernel Holding Business Description

Other Exchanges KARNF:USA0KE:Germany
Address 3 Tarasa Shevchenka Lane, Kyiv, UKR, 01001
Kernel Holding SA is an investment holding company. The company's segment includes Oilseed Processing; Infrastructure and Trading and Farming. It generates maximum revenue from the Infrastructure and Trading segment. The Infrastructure and Trading segment includes sourcing and merchandising of wholesale edible oils, grain, provision of silo services, grain handling and transshipment services.
63GF Score

Get the complete analysis for WAR:KER

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

zł19.44
Price
zł13.28
GF Value