ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. MAX Automation SE's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 0.00%.
As of today (2026-06-29), MAX Automation SE's WACC % is 1.12%. MAX Automation SE's ROC % is 0.96% (calculated using TTM income statement data).
MAX Automation SE earns returns that do not match up to its cost of capital. It will destroy value as it grows.
MAX Automation SE (FRA:MXHN) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, MAX Automation SE's WACC % is 1.12%. MAX Automation SE's ROC % is 0.96% (calculated using TTM income statement data).
MAX Automation SE earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
MAX Automation SE ROC % Related Terms
MAX Automation SE ROC % Historical Data
* Premium members only.
The historical data trend for MAX Automation SE's ROC % 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.
Note:
The Operating Income data used here is four times the quarterly (Dec. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
MAX Automation SE (FRA:MXHN) has a ROC % of 0.00% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on MAX Automation SE and its competitors.
Is MAX Automation SE's ROC % too high?
MAX Automation SE's current ROC % is 0.00%. Overall, MAX Automation SE has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MAX Automation SE's ROC % compare to GEV and ETN?
MAX Automation SE's ROC % of 0.00% can be compared against companies in the Industrial Products industry. The industry median ROC % is 5.22. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for an Industrial Products company?
The median ROC % among Industrial Products companies is 5.22, based on 3,034 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on MAX Automation SE and its competitors. For the Industrial Products industry, the median ROC % is 5.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAX Automation SE's current ROC % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAX Automation SE stock overvalued right now?
Based on GuruFocus' analysis, MAX Automation SE (FRA:MXHN) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.67, compared to a current price of €3.70 — trading 20.8% below its estimated fair value. The current ROC % is 0.00%. MAX Automation SE's overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For MAX Automation SE (FRA:MXHN), the current ROC % is 0.00% 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 MAX Automation SE (FRA:MXHN) Overvalued in 2026?
Based on GuruFocus' analysis, MAX Automation SE stock appears to be undervalued.
The current stock price of €3.70 is trading 20.8% below its estimated GF Value™ of €4.67.
GuruFocus considers MAX Automation SE to be Modestly Undervalued.
Key valuation signals for FRA:MXHN:
ROC %: 0.00%
GF Value™: €4.67 vs. price of €3.70 (20.8% below fair value)
No single metric tells the full story. See the FRA:MXHN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAX Automation SE operates internationally as a high-tech mechanical engineering company and a full-service provider of integrated and complex system and component solutions. The business operations are divided into the segments BDTRONIC Group, Vecoplan Group, AIM Micro, NSM + Jucker, ELWEMA, and the Other segment, which includes the IWM companies. It derives the majority of the revenue from the Vecoplan Group segment that develops, manufactures and installs machines and plants for the shredding, conveying, and processing of primary and secondary raw materials, mainly for customers in the wood and recycling industry, the waste disposal industry, and the paper and plastics industry.
76GF Score
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