ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. AT&S Austria Technologie & Systemtechnik AG's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 6.39%.
AT&S Austria Technologie & Systemtechnik AG (XPRA:ATS) 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, AT&S Austria Technologie & Systemtechnik AG's WACC % is 16.63%. AT&S Austria Technologie & Systemtechnik AG's ROC % is 1.84% (calculated using TTM income statement data).
AT&S Austria Technologie & Systemtechnik AG 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.
AT&S Austria Technologie & Systemtechnik AG ROC % Related Terms
AT&S Austria Technologie & Systemtechnik AG ROC % Historical 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.
AT&S Austria Technologie & Systemtechnik AG ROC % Chart
AT&S Austria Technologie & Systemtechnik AG Annual Data
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.
AT&S Austria Technologie & Systemtechnik AG (XPRA:ATS) has a ROC % of 6.39% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on AT&S Austria Technologie & Systemtechnik AG and its competitors.
Is AT&S Austria Technologie & Systemtechnik AG's ROC % too high?
AT&S Austria Technologie & Systemtechnik AG's current ROC % is 6.39%. The Hardware industry median ROC % is 4.12. AT&S Austria Technologie & Systemtechnik AG's value of 6.39% is 55.1% above this industry median. Overall, AT&S Austria Technologie & Systemtechnik AG has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AT&S Austria Technologie & Systemtechnik AG's ROC % compare to APH and GLW?
AT&S Austria Technologie & Systemtechnik AG's ROC % of 6.39% can be compared against companies in the Hardware industry. The industry median ROC % is 4.12. AT&S Austria Technologie & Systemtechnik AG's value of 6.39% is 55.1% 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 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. AT&S Austria Technologie & Systemtechnik AG's current ROC % of 6.39% is 55.1% 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 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 AT&S Austria Technologie & Systemtechnik AG 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. AT&S Austria Technologie & Systemtechnik AG's current ROC % is 6.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AT&S Austria Technologie & Systemtechnik AG stock overvalued right now?
Based on GuruFocus' analysis, AT&S Austria Technologie & Systemtechnik AG (XPRA:ATS) is currently considered Significantly Overvalued. The stock's GF Value™ is Kč688.38, compared to a current price of Kč5,480.00 — trading 696.1% above its estimated fair value. The current ROC % is 6.39% and 55.1% above the Hardware industry median of 4.12. AT&S Austria Technologie & Systemtechnik AG's overall GF Score™ is 74/100 with 12 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 AT&S Austria Technologie & Systemtechnik AG (XPRA:ATS), the current ROC % is 6.39% 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 AT&S Austria Technologie & Systemtechnik AG (XPRA:ATS) Overvalued in 2026?
Based on GuruFocus' analysis, AT&S Austria Technologie & Systemtechnik AG stock appears to be overvalued.
The current stock price of Kč5,480.00 is trading 696.1% above its estimated GF Value™ of Kč688.38.
GuruFocus considers AT&S Austria Technologie & Systemtechnik AG to be Significantly Overvalued.
Key valuation signals for XPRA:ATS:
ROC %: 6.39%
GF Value™: Kč688.38 vs. price of Kč5,480.00 (696.1% above fair value)
Industry Position: 55.1% above the Hardware median
No single metric tells the full story. See the XPRA:ATS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AT&S Austria Technologie & Systemtechnik AG Business Description
AT&S Austria Technologie & Systemtechnik AG provider of high-end IC substrates and printed circuit boards. The company develops and manufactures interconnection technologies for key digital industries, including mobile devices, automotive and aerospace, industrial, medical, and high-performance computing for Al applications. The products are manufactured in the European and Asian markets and are directly distributed to original equipment manufacturers (OEM) as well as to contracted electronic manufacturers (CEM). Its segments are Electronics solutions, Microelectronics, and Others. Majority of revenue comes from Microelectronics segment. It has presence in Austria, Germany, Other European countries, China, Other Asian countries, and Americas of which majority of revenue is from America.
74GF Score
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