Messer Tehnogas a.d (XBEL:TGAS) ROCE %: 16.81% (As of Dec. 2025)

What is Messer Tehnogas a.d ROCE %?

Messer Tehnogas a.d XBEL:TGAS +9.35% 100 ROCE % is 16.81% as of Dec. 2025. GuruFocus rates XBEL:TGAS with a GF Score™ of 100/100 and a GF Value™ of RSD28,897.62 (Modestly Overvalued). The stock has 3 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. Messer Tehnogas a.d's annualized ROCE % for the quarter that ended in Dec. 2025 was 16.81%.

Messer Tehnogas a.d (XBEL:TGAS) 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.

Messer Tehnogas a.d ROCE % Related Terms

Messer Tehnogas a.d ROCE % Historical Data

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The historical data trend for Messer Tehnogas a.d'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.

Messer Tehnogas a.d ROCE % Chart

Messer Tehnogas a.d Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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15.72

10.58

14.77

18.21

16.30

Messer Tehnogas a.d Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROCE %	Get a 7-Day Free Trial															17.28	18.15	18.46	15.48	16.81

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Messer Tehnogas a.d XBEL:TGAS

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

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Messer Tehnogas a.d ROCE % Calculation

Messer Tehnogas a.d'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 )
	=	5930.266	/	( ( (37177.622 - 2769.702)	+	(40266.661 - 1889.792) )	/ 2 )
	=	5930.266	/	( (34407.92	+	38376.869)	/ 2 )
	=	5930.266	/	36392.3945
	=	16.30 %

Messer Tehnogas a.d's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	6334.33	/	( ( (38966.503 - 1999.03)	+	(40266.661 - 1889.792) )	/ 2 )
	=	6334.33	/	( ( 36967.473	+	38376.869 )	/ 2 )
	=	6334.33	/	37672.171
	=	16.81 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 16.81% mean?

Messer Tehnogas a.d (XBEL:TGAS) has a ROCE % of 16.81% as of Dec. 2025.

Is Messer Tehnogas a.d's ROCE % too high?

Messer Tehnogas a.d's current ROCE % is 16.81%. The Chemicals industry median ROCE % is 6.49. Messer Tehnogas a.d's value of 16.81% is 159% above this industry median. Overall, Messer Tehnogas a.d has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Messer Tehnogas a.d's ROCE % compare to LIN and SHW?

Messer Tehnogas a.d's ROCE % of 16.81% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.49. Messer Tehnogas a.d's value of 16.81% is 159% 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 Chemicals company?

The median ROCE % among Chemicals companies is 6.49, based on 1,588 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. Messer Tehnogas a.d's current ROCE % of 16.81% is 159% 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 Chemicals industry, the median ROCE % is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Messer Tehnogas a.d's current ROCE % is 16.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Messer Tehnogas a.d stock overvalued right now?

Based on GuruFocus' analysis, Messer Tehnogas a.d (XBEL:TGAS) is currently considered Modestly Overvalued. The stock's GF Value™ is RSD28,897.62, compared to a current price of RSD33,900.00 — trading 17.3% above its estimated fair value. The current ROCE % is 16.81% and 159% above the Chemicals industry median of 6.49. Messer Tehnogas a.d's overall GF Score™ is 100/100 with 3 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 Messer Tehnogas a.d (XBEL:TGAS), the current ROCE % is 16.81% as of Dec. 2025. 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 Messer Tehnogas a.d (XBEL:TGAS) Overvalued in 2026?

Based on GuruFocus' analysis, Messer Tehnogas a.d stock appears to be overvalued. The current stock price of RSD33,900.00 is trading 17.3% above its estimated GF Value™ of RSD28,897.62. GuruFocus considers Messer Tehnogas a.d to be Modestly Overvalued.

Key valuation signals for XBEL:TGAS:

ROCE %: 16.81%
GF Value™: RSD28,897.62 vs. price of RSD33,900.00 (17.3% above fair value)
GF Score™: 100/100 with 3 warning signs
Industry Position: 159% above the Chemicals median

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

Messer Tehnogas a.d Business Description

Industry Basic Materials Chemicals

Comparable Companies LIN XPAR:AI SHW ECL APD SHSE:603256 XSWX:GIVN TPE:1303 XSWX:SIKA SHSE:600309 SHSE:688146 OCSE:NSIS B PPG BOM:500820 XAMS:DSFIR XSGO:SQM-B ADX:BOROUGE XSWX:EMSN IFF DD

Address Banjicki Put 62, Belgrade, SRB

Website http://www.messer.rs

Messer Tehnogas a.d. is engaged in the production and marketing of industrial and medical gases. The company serves steel and metal, metallurgy, chemical and petrochemical, food and beverage, pharmaceutical, automobile, electronics, medicine, home care, cutting and welding, water treatment and ecology and scientific research industry. Its products include oxygen, azot, argon, hydrogen, helium, home care, special gases, distribution line, HFC refrigerant fluids, natural cooling fluids, and other gases.

100GF Score

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

RSD33,900.00

Price

RSD28,897.62

GF Value

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