Technology One (ASX:TNE) ROCE %: 37.23% (As of Mar. 2026)

What is Technology One ROCE %?

Technology One ASX:TNE +2.45% 100 ROCE % is 37.23% as of Mar. 2026. GuruFocus rates ASX:TNE with a GF Score™ of 100/100 and a GF Value™ of A$30.00 (Fairly Valued). The stock has 1 warning sign 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. Technology One's annualized ROCE % for the quarter that ended in Mar. 2026 was 37.23%.

Technology One (ASX:TNE) 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.

Technology One ROCE % Related Terms

Technology One ROCE % Historical Data

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The historical data trend for Technology One'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.

Technology One ROCE % Chart

Technology One Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

ROCE %

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49.79

46.05

43.87

40.52

39.63

Technology One Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
ROCE %	Get a 7-Day Free Trial															37.26	48.16	37.00	41.80	37.23

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Technology One Ltd ASX:TNE

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Technology One ROCE % Calculation

Technology One's annualized ROCE % for the fiscal year that ended in Sep. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2025 )		(A: Sep. 2024 )		(A: Sep. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2025 )		(A: Sep. 2024 )		(A: Sep. 2025 )
	=	185.057	/	( ( (757.44 - 322.786)	+	(891.402 - 392.036) )	/ 2 )
	=	185.057	/	( (434.654	+	499.366)	/ 2 )
	=	185.057	/	467.01
	=	39.63 %

Technology One'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: Sep. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Sep. 2025 )		(Q: Mar. 2026 )
	=	181.324	/	( ( (891.402 - 392.036)	+	(814.846 - 340.088) )	/ 2 )
	=	181.324	/	( ( 499.366	+	474.758 )	/ 2 )
	=	181.324	/	487.062
	=	37.23 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 37.23% mean?

Technology One (ASX:TNE) has a ROCE % of 37.23% as of Mar. 2026.

Is Technology One's ROCE % too high?

Technology One's current ROCE % is 37.23%. The Software industry median ROCE % is 5.28. Technology One's value of 37.23% is 605.1% above this industry median. Overall, Technology One has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Technology One's ROCE % compare to CRM and SHOP?

Technology One's ROCE % of 37.23% can be compared against companies in the Software industry. The industry median ROCE % is 5.28. Technology One's value of 37.23% is 605.1% 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 ROCE % for a Software company?

The median ROCE % among Software companies is 5.28, based on 2,711 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. Technology One's current ROCE % of 37.23% is 605.1% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technology One's current ROCE % is 37.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Technology One stock overvalued right now?

Based on GuruFocus' analysis, Technology One (ASX:TNE) is currently considered Fairly Valued. The stock's GF Value™ is A$30.00, compared to a current price of A$28.41 — trading 5.3% below its estimated fair value. The current ROCE % is 37.23% and 605.1% above the Software industry median of 5.28. Technology One's overall GF Score™ is 100/100 with 1 warning sign 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 Technology One (ASX:TNE), the current ROCE % is 37.23% 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 Technology One (ASX:TNE) Overvalued in 2026?

Based on GuruFocus' analysis, Technology One stock appears to be undervalued. The current stock price of A$28.41 is trading 5.3% below its estimated GF Value™ of A$30.00. GuruFocus considers Technology One to be Fairly Valued.

Key valuation signals for ASX:TNE:

ROCE %: 37.23%
GF Value™: A$30.00 vs. price of A$28.41 (5.3% below fair value)
GF Score™: 100/100 with 1 warning sign
Industry Position: 605.1% above the Software median

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

Technology One Business Description

Industry Technology Software

Comparable Companies ASX:WTC ASX:XRO ASX:NWL ASX:PXA ASX:IRE ASX:BVS ASX:OCL ASX:SDR ASX:HSN ASX:C79 XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW

Other Exchanges THNOF:USA RW8:Germany

Address 540 Wickham Street, Level 11, Fortitude Valley, Brisbane, QLD, AUS, 4006

Website https://www.technologyonecorp.com

Technology One is a technology company providing enterprise resource planning software, primarily to governmental organizations, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer.

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A$28.41

Price

A$30.00

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