Flex (FLEX) ROCE %: 14.75% (As of Mar. 2026)


FLEX Flex Ltd FLEX
79 GF Score
Price $161.42
GF Value $43.28
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Flex ROCE %?

Flex FLEX +7.01% 79 ROCE % is 14.75% as of Mar. 2026. GuruFocus rates FLEX with a GF Score™ of 79/100 and a GF Value™ of $43.28 (Significantly Overvalued). The stock has 6 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. Flex's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.75%.

Flex  (NAS:FLEX) 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.

Flex ROCE % Related Terms

Flex ROCE % Historical Data

* Premium members only.

The historical data trend for Flex'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.

Flex ROCE % Chart

Flex Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.60 10.83 8.62 13.60 14.62

Flex Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 14.90 13.39 13.66 15.80 14.75
FLEX
79GF Score
Flex Ltd FLEX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Flex ROCE % Calculation

Flex's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=1358/( ( (18381 - 9850) + (22060 - 12016) )/ 2 )
=1358/( (8531+10044)/ 2 )
=1358/9287.5
=14.62 %

Flex's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1476/( ( (20820 - 10856) + (22060 - 12016) )/ 2 )
=1476/( ( 9964 + 10044 )/ 2 )
=1476/10004
=14.75 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 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 14.75% mean?
Flex (FLEX) has a ROCE % of 14.75% as of Mar. 2026.
Is Flex's ROCE % too high?
Flex's current ROCE % is 14.75%. The Hardware industry median ROCE % is 5.83. Flex's value of 14.75% is 153% above this industry median. Overall, Flex has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Flex's ROCE % compare to TEL and JBL?
Flex's ROCE % of 14.75% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. Flex's value of 14.75% is 153% 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 ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.83, based on 2,445 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. Flex's current ROCE % of 14.75% is 153% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flex's current ROCE % is 14.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flex stock overvalued right now?
Based on GuruFocus' analysis, Flex (FLEX) is currently considered Significantly Overvalued. The stock's GF Value™ is $43.28, compared to a current price of $161.42 — trading 273% above its estimated fair value. The current ROCE % is 14.75% and 153% above the Hardware industry median of 5.83. Flex's overall GF Score™ is 79/100 with 6 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 Flex (FLEX), the current ROCE % is 14.75% 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 Flex (FLEX) Overvalued in 2026?

Based on GuruFocus' analysis, Flex stock appears to be overvalued. The current stock price of $161.42 is trading 273% above its estimated GF Value™ of $43.28. GuruFocus considers Flex to be Significantly Overvalued.

Key valuation signals for FLEX:

  • ROCE %: 14.75%
  • GF Value™: $43.28 vs. price of $161.42 (273% above fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 153% above the Hardware median

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

Flex Business Description

Other Exchanges FLEXN:MexicoFXI:Germany
Address 12455 Research Boulevard, Suite 300, Austin, TX, USA, 78759
Flex Ltd is the developed, end-to-end manufacturing partner of choice that helps a diverse customer base design, build, deliver and manage products that improve the world. The Company's full suite of specialized capabilities includes design and engineering, supply chain, manufacturing, and integrated services, plus a portfolio of power and cooling products. Its reportable segments includes Integrated Technology Solutions, Regulated Manufacturing Solutions, and Cloud and Power Infrastructure.
79GF Score

Get the complete analysis for FLEX

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

$161.42
Price
$43.28
GF Value