XEL (Xcel Energy) ROCE %: 4.65% (As of Mar. 2026)

What is Xcel Energy ROCE %?

Xcel Energy XEL +1.13% 78 ROCE % is 4.65% as of Mar. 2026. GuruFocus rates XEL with a GF Score™ of 78/100 and a GF Value™ of $67.31 (Modestly Overvalued). The stock has 10 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. Xcel Energy's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.65%.

Xcel Energy (NAS:XEL) 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.

Xcel Energy ROCE % Related Terms

Xcel Energy ROCE % Historical Data

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The historical data trend for Xcel Energy'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.

Xcel Energy ROCE % Chart

Xcel Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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4.57

4.68

4.63

4.45

4.52

Xcel Energy 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															4.51	4.17	4.98	4.37	4.65

78GF Score

Xcel Energy Inc XEL

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Xcel Energy ROCE % Calculation

Xcel Energy'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 )
	=	3116	/	( ( (70035 - 6459)	+	(81371 - 7089) )	/ 2 )
	=	3116	/	( (63576	+	74282)	/ 2 )
	=	3116	/	68929
	=	4.52 %

Xcel Energy'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 )
	=	3524	/	( ( (81371 - 7089)	+	(84828 - 7636) )	/ 2 )
	=	3524	/	( ( 74282	+	77192 )	/ 2 )
	=	3524	/	75737
	=	4.65 %

(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 4.65% mean?

Xcel Energy (XEL) has a ROCE % of 4.65% as of Mar. 2026.

Is Xcel Energy's ROCE % too high?

Xcel Energy's current ROCE % is 4.65%. The Utilities - Regulated industry median ROCE % is 6.95. Xcel Energy's value of 4.65% is 33.1% below this industry median. Overall, Xcel Energy has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Xcel Energy's ROCE % compare to ETR and EXC?

Xcel Energy's ROCE % of 4.65% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. Xcel Energy's value of 4.65% is 33.1% 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 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. Xcel Energy's current ROCE % of 4.65% is 33.1% 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 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. Xcel Energy's current ROCE % is 4.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Xcel Energy stock overvalued right now?

Based on GuruFocus' analysis, Xcel Energy (XEL) is currently considered Modestly Overvalued. The stock's GF Value™ is $67.31, compared to a current price of $81.24 — trading 20.7% above its estimated fair value. The current ROCE % is 4.65% and 33.1% below the Utilities - Regulated industry median of 6.95. Xcel Energy's overall GF Score™ is 78/100 with 10 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 Xcel Energy (XEL), the current ROCE % is 4.65% 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 Xcel Energy (XEL) Overvalued in 2026?

Based on GuruFocus' analysis, Xcel Energy stock appears to be overvalued. The current stock price of $81.24 is trading 20.7% above its estimated GF Value™ of $67.31. GuruFocus considers Xcel Energy to be Modestly Overvalued.

Key valuation signals for XEL:

ROCE %: 4.65%
GF Value™: $67.31 vs. price of $81.24 (20.7% above fair value)
GF Score™: 78/100 with 10 warning signs
Industry Position: 33.1% below the Utilities - Regulated median

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

Xcel Energy Business Description

Industry Utilities Utilities - Regulated

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

Other Exchanges XEL:Mexico 1XEL:Italy 0M1R:UK NRN:Germany

Address 414 Nicollet Mall, Minneapolis, MN, USA, 55401

Website https://www.xcelenergy.com

Xcel Energy manages utilities serving 3.9 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy suppliers in the US, with more than half of its electricity sales coming from carbon-free energy.

78GF Score

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$81.24

Price

$67.31

GF Value

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