ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Mikron Holding AG's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 11.95%.
As of today (2026-06-25), Mikron Holding AG's WACC % is 3.07%. Mikron Holding AG's ROC % is 13.68% (calculated using TTM income statement data).
Mikron Holding AG generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
Mikron Holding AG (XSWX:MIKN) 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, Mikron Holding AG's WACC % is 3.07%. Mikron Holding AG's ROC % is 13.68% (calculated using TTM income statement data).
Mikron Holding AG generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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.
Mikron Holding AG ROC % Related Terms
Mikron Holding AG ROC % Historical Data
* Premium members only.
The historical data trend for Mikron Holding AG'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 two times the semi-annual (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.
Mikron Holding AG (XSWX:MIKN) has a ROC % of 11.95% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Mikron Holding AG and its competitors.
Is Mikron Holding AG's ROC % too high?
Mikron Holding AG's current ROC % is 11.95%. The Industrial Products industry median ROC % is 5.23. Mikron Holding AG's value of 11.95% is 128.7% above this industry median. Overall, Mikron Holding AG has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mikron Holding AG's ROC % compare to GEV and ETN?
Mikron Holding AG's ROC % of 11.95% can be compared against companies in the Industrial Products industry. The industry median ROC % is 5.23. Mikron Holding AG's value of 11.95% is 128.7% 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 an Industrial Products company?
The median ROC % among Industrial Products companies is 5.23, based on 3,040 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. Mikron Holding AG's current ROC % of 11.95% is 128.7% 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 Mikron Holding AG and its competitors. For the Industrial Products industry, the median ROC % is 5.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mikron Holding AG's current ROC % is 11.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mikron Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Mikron Holding AG (XSWX:MIKN) is currently considered Fairly Valued. The stock's GF Value™ is CHF16.41, compared to a current price of CHF16.25 — trading 1% below its estimated fair value. The current ROC % is 11.95% and 128.7% above the Industrial Products industry median of 5.23. Mikron Holding AG's overall GF Score™ is 64/100 with 2 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 Mikron Holding AG (XSWX:MIKN), the current ROC % is 11.95% 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 Mikron Holding AG (XSWX:MIKN) Overvalued in 2026?
Based on GuruFocus' analysis, Mikron Holding AG stock appears to be undervalued.
The current stock price of CHF16.25 is trading 1% below its estimated GF Value™ of CHF16.41.
GuruFocus considers Mikron Holding AG to be Fairly Valued.
Key valuation signals for XSWX:MIKN:
ROC %: 11.95%
GF Value™: CHF16.41 vs. price of CHF16.25 (1% below fair value)
Industry Position: 128.7% above the Industrial Products median
No single metric tells the full story. See the XSWX:MIKN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mikron Holding AG develops and markets automation solutions, machining systems, and cutting tools that are precise, productive, and adaptable. It operates in two segments, Mikron Automation the partner for scalable and customized assembly systems-from the first idea to the highest performance solutions; and Mikron Machining Solutions segment comprises the two divisions Mikron Machining the supplier of customized, productive machining systems for the manufacturing of complex high-precision components made of metal such as turbocharger housings, injection nozzles and ballpoint pen tips, and The Mikron Tool division develops and produces the therefore necessary high-performance cutting tools.
64GF Score
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