ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Turtle Beach's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -30.93%.
As of today (2026-06-25), Turtle Beach's WACC % is 16.06%. Turtle Beach's ROC % is 1.99% (calculated using TTM income statement data).
Turtle Beach earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Turtle Beach (NAS:TBCH) 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, Turtle Beach's WACC % is 16.06%. Turtle Beach's ROC % is 1.99% (calculated using TTM income statement data).
Turtle Beach 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.
Turtle Beach ROC % Related Terms
Turtle Beach ROC % Historical Data
* Premium members only.
The historical data trend for Turtle Beach'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 (Mar. 2026) 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.
Turtle Beach (TBCH) has a ROC % of -30.93% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Turtle Beach and its competitors.
Is Turtle Beach's ROC % too high?
Turtle Beach's current ROC % is -30.93%. Overall, Turtle Beach has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Turtle Beach's ROC % compare to GPRO and VUZI?
Turtle Beach's ROC % of -30.93% can be compared against companies in the Hardware industry. The industry median ROC % is 4.12. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Hardware company?
The median ROC % among Hardware companies is 4.12, based on 2,443 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 Turtle Beach and its competitors. For the Hardware industry, the median ROC % is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turtle Beach's current ROC % is -30.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turtle Beach stock overvalued right now?
Based on GuruFocus' analysis, Turtle Beach (TBCH) is currently considered Fairly Valued. The stock's GF Value™ is $12.90, compared to a current price of $12.08 — trading 6.4% below its estimated fair value. The current ROC % is -30.93%. Turtle Beach's overall GF Score™ is 75/100 with 6 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 Turtle Beach (TBCH), the current ROC % is -30.93% 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 Turtle Beach (TBCH) Overvalued in 2026?
Based on GuruFocus' analysis, Turtle Beach stock appears to be undervalued.
The current stock price of $12.08 is trading 6.4% below its estimated GF Value™ of $12.90.
GuruFocus considers Turtle Beach to be Fairly Valued.
Key valuation signals for TBCH:
ROC %: -30.93%
GF Value™: $12.90 vs. price of $12.08 (6.4% below fair value)
No single metric tells the full story. See the TBCH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turtle Beach Corp specializes in gaming accessories, offering a diverse range including headsets, controllers, keyboards, mice, and simulation hardware. With nearly five decades of expertise, it's a innovator in audio technology, particularly dominant in console gaming headsets. Expanding beyond headsets, Turtle Beach now offers game controllers, flight and racing simulation accessories, and high-quality microphones. Operating globally, its products are available through numerous retailers such as Amazon, Argos, Best Buy, GAME, GameStop and Walmart with a maximum revenue portion generated during the holiday season. The majority of its revenue stems from North America.
75GF Score
Get the complete analysis for TBCH
ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TBCH has been successfully added to your 
