Churchill Downs (XTER:CHR) ROCE %: 11.12% (As of Mar. 2026)

What is Churchill Downs ROCE %?

Churchill Downs XTER:CHR -0.66% 62 ROCE % is 11.12% as of Mar. 2026. GuruFocus rates XTER:CHR with a GF Score™ of 62/100 and a GF Value™ of €137.17 (Possible Value Trap). The stock has 4 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. Churchill Downs's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.12%.

Churchill Downs (XTER:CHR) 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.

Churchill Downs ROCE % Related Terms

Churchill Downs ROCE % Historical Data

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The historical data trend for Churchill Downs'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.

Churchill Downs ROCE % Chart

Churchill Downs Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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18.27

18.88

13.90

13.81

11.80

Churchill Downs 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															10.14	21.64	8.14	9.44	11.12

62GF Score

Churchill Downs Inc XTER:CHR

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Churchill Downs ROCE % Calculation

Churchill Downs'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 )
	=	708.905	/	( ( (6948.485 - 696.482)	+	(6391.763 - 626.238) )	/ 2 )
	=	708.905	/	( (6252.003	+	5765.525)	/ 2 )
	=	708.905	/	6008.764
	=	11.80 %

Churchill Downs'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 )
	=	640.1	/	( ( (6391.763 - 626.238)	+	(6474.525 - 723.14) )	/ 2 )
	=	640.1	/	( ( 5765.525	+	5751.385 )	/ 2 )
	=	640.1	/	5758.455
	=	11.12 %

(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 11.12% mean?

Churchill Downs (XTER:CHR) has a ROCE % of 11.12% as of Mar. 2026.

Is Churchill Downs' ROCE % too high?

Churchill Downs' current ROCE % is 11.12%. The Travel & Leisure industry median ROCE % is 6.08. Churchill Downs' value of 11.12% is 83% above this industry median. Overall, Churchill Downs has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Churchill Downs' ROCE % compare to ?

Churchill Downs' ROCE % of 11.12% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.08. Churchill Downs' value of 11.12% is 83% 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 Travel & Leisure company?

The median ROCE % among Travel & Leisure companies is 6.08, based on 838 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. Churchill Downs's current ROCE % of 11.12% is 83% 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 Travel & Leisure industry, the median ROCE % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Churchill Downs's current ROCE % is 11.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Churchill Downs stock overvalued right now?

Based on GuruFocus' analysis, Churchill Downs (XTER:CHR) is currently considered Possible Value Trap. The stock's GF Value™ is €137.17, compared to a current price of €75.50 — trading 45% below its estimated fair value. The current ROCE % is 11.12% and 83% above the Travel & Leisure industry median of 6.08. Churchill Downs' overall GF Score™ is 62/100 with 4 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 Churchill Downs (XTER:CHR), the current ROCE % is 11.12% 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 Churchill Downs (XTER:CHR) Overvalued in 2026?

Based on GuruFocus' analysis, Churchill Downs stock appears to be undervalued. The current stock price of €75.50 is trading 45% below its estimated GF Value™ of €137.17. GuruFocus considers Churchill Downs to be Possible Value Trap.

Key valuation signals for XTER:CHR:

ROCE %: 11.12%
GF Value™: €137.17 vs. price of €75.50 (45% below fair value)
GF Score™: 62/100 with 4 warning signs
Industry Position: 83% above the Travel & Leisure median

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

Churchill Downs Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies

Other Exchanges CHDN:USA C2HD34:Brazil

Address 600 North Hurstbourne Parkway, Suite 400, Louisville, KY, USA, 40222

Website https://www.churchilldownsincorporated.com

Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.

62GF Score

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€75.50

Price

€137.17

GF Value

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