Air Liquide (XPAR:AI) ROCE %: 11.31% (As of Dec. 2025)


XPAR:AI Air Liquide SA XPAR:AI
98 GF Score
Price €169.76
GF Value €148.73
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Air Liquide ROCE %?

Air Liquide XPAR:AI +1.99% 98 ROCE % is 11.31% as of Dec. 2025. GuruFocus rates XPAR:AI with a GF Score™ of 98/100 and a GF Value™ of €148.73 (Modestly Overvalued). 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. Air Liquide's annualized ROCE % for the quarter that ended in Dec. 2025 was 11.31%.

Air Liquide  (XPAR:AI) 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.

Air Liquide ROCE % Related Terms

Air Liquide ROCE % Historical Data

* Premium members only.

The historical data trend for Air Liquide'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.

Air Liquide ROCE % Chart

Air Liquide 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 10.78 10.00 10.56 11.25 11.62

Air Liquide 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 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 9.25 12.29 10.64 12.76 11.31
XPAR:AI
98GF Score
Air Liquide SA XPAR:AI
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Air Liquide ROCE % Calculation

Air Liquide'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 )
=4965.2/( ( (51867.5 - 9484.1) + (51913.4 - 8836.8) )/ 2 )
=4965.2/( (42383.4+43076.6)/ 2 )
=4965.2/42730
=11.62 %

Air Liquide'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 )
=4688.2/( ( (49336 - 9536.1) + (51913.4 - 8836.8) )/ 2 )
=4688.2/( ( 39799.9 + 43076.6 )/ 2 )
=4688.2/41438.25
=11.31 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) 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 11.31% mean?
Air Liquide (XPAR:AI) has a ROCE % of 11.31% as of Dec. 2025.
Is Air Liquide's ROCE % too high?
Air Liquide's current ROCE % is 11.31%. The Chemicals industry median ROCE % is 6.45. Air Liquide's value of 11.31% is 75.5% above this industry median. Overall, Air Liquide has a GF Score™ of 98/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's ROCE % compare to LIN and SHW?
Air Liquide's ROCE % of 11.31% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.45. Air Liquide's value of 11.31% is 75.5% 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 6.45, based on 1,594 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. Air Liquide's current ROCE % of 11.31% is 75.5% 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 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Liquide's current ROCE % is 11.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Liquide stock overvalued right now?
Based on GuruFocus' analysis, Air Liquide (XPAR:AI) is currently considered Modestly Overvalued. The stock's GF Value™ is €148.73, compared to a current price of €169.76 — trading 14.1% above its estimated fair value. The current ROCE % is 11.31% and 75.5% above the Chemicals industry median of 6.45. Air Liquide's overall GF Score™ is 98/100 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 Air Liquide (XPAR:AI), the current ROCE % is 11.31% 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 Air Liquide (XPAR:AI) Overvalued in 2026?

Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued. The current stock price of €169.76 is trading 14.1% above its estimated GF Value™ of €148.73. GuruFocus considers Air Liquide to be Modestly Overvalued.

Key valuation signals for XPAR:AI:

  • ROCE %: 11.31%
  • GF Value™: €148.73 vs. price of €169.76 (14.1% above fair value)
  • GF Score™: 98/100 with 5 warning signs
  • Industry Position: 75.5% above the Chemicals median

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

Air Liquide Business Description

Address 1, Paris, FRA, 75007
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
98GF Score

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

€169.76
Price
€148.73
GF Value