Croatia Airlines DD (ZAG:CRAL) ROCE %: -19.22% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ZAG:CRAL Croatia Airlines DD ZAG:CRAL
45 GF Score
Price €2.50
GF Value €4.31
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Croatia Airlines DD ROCE %?

Croatia Airlines DD ZAG:CRAL 45 ROCE % is -19.22% as of Jun. 2026. GuruFocus rates ZAG:CRAL with a GF Score™ of 45/100 and a GF Value™ of €4.31 (Possible Value Trap). 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. Croatia Airlines DD's annualized ROCE % for the quarter that ended in Jun. 2026 was -19.22%.

Croatia Airlines DD  (ZAG:CRAL) 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.

Croatia Airlines DD ROCE % Related Terms

Croatia Airlines DD ROCE % Historical Data

* Premium members only.

The historical data trend for Croatia Airlines DD'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.

Croatia Airlines DD ROCE % Chart

Croatia Airlines DD 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 -23.57 -10.53 3.36 -7.98 -11.32

Croatia Airlines DD Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.26 0.43 -19.09 -35.01 -19.22
ZAG:CRAL
45GF Score
Croatia Airlines DD ZAG:CRAL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Croatia Airlines DD ROCE % Calculation

Croatia Airlines DD'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 )
=-26.995/( ( (274.301 - 76.929) + (365.674 - 86.205) )/ 2 )
=-26.995/( (197.372+279.469)/ 2 )
=-26.995/238.4205
=-11.32 %

Croatia Airlines DD's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=-64.568/( ( (424.143 - 96.355) + (446.653 - 102.434) )/ 2 )
=-64.568/( ( 327.788 + 344.219 )/ 2 )
=-64.568/336.0035
=-19.22 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 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 -19.22% mean?
Croatia Airlines DD (ZAG:CRAL) has a ROCE % of -19.22% as of Jun. 2026.
Is Croatia Airlines DD's ROCE % too high?
Croatia Airlines DD's current ROCE % is -19.22%. Overall, Croatia Airlines DD has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Croatia Airlines DD's ROCE % compare to DAL and UAL?
Croatia Airlines DD's ROCE % of -19.22% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.88. 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 Transportation company?
The median ROCE % among Transportation companies is 7.88, based on 992 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. 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 Transportation industry, the median ROCE % is 7.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Croatia Airlines DD's current ROCE % is -19.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Croatia Airlines DD stock overvalued right now?
Based on GuruFocus' analysis, Croatia Airlines DD (ZAG:CRAL) is currently considered Possible Value Trap. The stock's GF Value™ is €4.31, compared to a current price of €2.50 — trading 42% below its estimated fair value. The current ROCE % is -19.22%. Croatia Airlines DD's overall GF Score™ is 45/100 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 Croatia Airlines DD (ZAG:CRAL), the current ROCE % is -19.22% as of Jun. 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 Croatia Airlines DD (ZAG:CRAL) Overvalued in 2026?

Based on GuruFocus' analysis, Croatia Airlines DD stock appears to be undervalued. The current stock price of €2.50 is trading 42% below its estimated GF Value™ of €4.31. GuruFocus considers Croatia Airlines DD to be Possible Value Trap.

Key valuation signals for ZAG:CRAL:

  • ROCE %: -19.22%
  • GF Value™: €4.31 vs. price of €2.50 (42% below fair value)
  • GF Score™: 45/100 with 5 warning signs

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

Croatia Airlines DD Business Description

Address Bani 75/b, Buzin, Zagreb, HRV, 10 010
Croatia Airlines DD is an airline transportation service provider in Croatia. Its operations consist of light and cabin operations, traffic training center, operations center, operations engineering, crew plan, ground operations, traffic administrative support, and traffic quality and operations safety management. The company offers both scheduled services as well as charter services, and the scheduled services earn majority revenues. Geographically, it has a presence in Croatia, Germany, USA, France, Great Britain, and Other countries.
45GF Score

Get the complete analysis for ZAG:CRAL

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

€2.50
Price
€4.31
GF Value