Mercedes-Benz Group AG (WAR:MBG) ROCE %: 4.46% (As of Mar. 2026)


WAR:MBG Mercedes-Benz Group AG WAR:MBG
83 GF Score
Price zł194.82
GF Value zł241.65
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Mercedes-Benz Group AG ROCE %?

Mercedes-Benz Group AG WAR:MBG +2.64% 83 ROCE % is 4.46% as of Mar. 2026. GuruFocus rates WAR:MBG with a GF Score™ of 83/100 and a GF Value™ of zł241.65 (Modestly Undervalued). The stock has 5 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. Mercedes-Benz Group AG's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.46%.

Mercedes-Benz Group AG  (WAR:MBG) 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.

Mercedes-Benz Group AG ROCE % Related Terms

Mercedes-Benz Group AG ROCE % Historical Data

* Premium members only.

The historical data trend for Mercedes-Benz Group AG'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.

Mercedes-Benz Group AG ROCE % Chart

Mercedes-Benz Group AG 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 8.72 11.67 11.99 7.81 3.80

Mercedes-Benz Group AG 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 5.48 3.40 2.06 3.76 4.46
WAR:MBG
83GF Score
Mercedes-Benz Group AG WAR:MBG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercedes-Benz Group AG ROCE % Calculation

Mercedes-Benz Group AG'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 )
=28751.535/( ( (1019697.431 - 287913.211) + (1099227.72 - 317411.438) )/ 2 )
=28751.535/( (731784.22+781816.282)/ 2 )
=28751.535/756800.251
=3.80 %

Mercedes-Benz Group AG'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 )
=34800.564/( ( (1099227.72 - 317411.438) + (1098639.162 - 320456.601) )/ 2 )
=34800.564/( ( 781816.282 + 778182.561 )/ 2 )
=34800.564/779999.4215
=4.46 %

(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 4.46% mean?
Mercedes-Benz Group AG (WAR:MBG) has a ROCE % of 4.46% as of Mar. 2026.
Is Mercedes-Benz Group AG's ROCE % too high?
Mercedes-Benz Group AG's current ROCE % is 4.46%. The Vehicles & Parts industry median ROCE % is 7.94. Mercedes-Benz Group AG's value of 4.46% is 43.8% below this industry median. Overall, Mercedes-Benz Group AG has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mercedes-Benz Group AG's ROCE % compare to TSLA and GM?
Mercedes-Benz Group AG's ROCE % of 4.46% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Mercedes-Benz Group AG's value of 4.46% is 43.8% below 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 Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 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. Mercedes-Benz Group AG's current ROCE % of 4.46% is 43.8% below 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 Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercedes-Benz Group AG's current ROCE % is 4.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercedes-Benz Group AG stock overvalued right now?
Based on GuruFocus' analysis, Mercedes-Benz Group AG (WAR:MBG) is currently considered Modestly Undervalued. The stock's GF Value™ is zł241.65, compared to a current price of zł194.82 — trading 19.4% below its estimated fair value. The current ROCE % is 4.46% and 43.8% below the Vehicles & Parts industry median of 7.94. Mercedes-Benz Group AG's overall GF Score™ is 83/100 with 5 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 Mercedes-Benz Group AG (WAR:MBG), the current ROCE % is 4.46% 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 Mercedes-Benz Group AG (WAR:MBG) Overvalued in 2026?

Based on GuruFocus' analysis, Mercedes-Benz Group AG stock appears to be undervalued. The current stock price of zł194.82 is trading 19.4% below its estimated GF Value™ of zł241.65. GuruFocus considers Mercedes-Benz Group AG to be Modestly Undervalued.

Key valuation signals for WAR:MBG:

  • ROCE %: 4.46%
  • GF Value™: zł241.65 vs. price of zł194.82 (19.4% below fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 43.8% below the Vehicles & Parts median

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

Mercedes-Benz Group AG Business Description

Address Mercedesstrasse 120, Stuttgart, BW, DEU, 70372
Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 400,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its brand alone. In 2025, 15% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 58% were core (C and E Class), and 27% entry (A and B Class). In volume terms, Asia and Europe are Mercedes' largest markets, representing 41% and 36% of 2025 vehicle sales, respectively, followed by North America at 16%.
83GF Score

Get the complete analysis for WAR:MBG

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

zł194.82
Price
zł241.65
GF Value