Note AB (CHIX:NOTES) ROCE %: 14.09% (As of Mar. 2026)


CHIX:NOTES Note AB CHIX:NOTES
96 GF Score
Price kr175.20
GF Value kr177.19
! 4 Warning Signs
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What is Note AB ROCE %?

Note AB CHIX:NOTES 96 ROCE % is 14.09% as of Mar. 2026. GuruFocus rates CHIX:NOTES with a GF Score™ of 96/100 and a GF Value™ of kr177.19. The stock has 4 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. Note AB's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.09%.

Note AB  (CHIX:NOTEs) 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.

Note AB ROCE % Related Terms

Note AB ROCE % Historical Data

* Premium members only.

The historical data trend for Note AB'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.

Note AB ROCE % Chart

Note AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.22 28.65 28.22 18.87 19.27

Note AB 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 18.84 21.11 15.89 23.38 14.09
CHIX:NOTES
96GF Score
Note AB CHIX:NOTES
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Note AB ROCE % Calculation

Note AB's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=381.358/( ( (3207.758 - 1238.525) + (3435.638 - 1446.874) )/ 2 )
=381.358/( (1969.233+1988.764)/ 2 )
=381.358/1978.9985
=19.27 %

Note AB'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 )
=336/( ( (3435.638 - 1446.874) + (4936 - 2156) )/ 2 )
=336/( ( 1988.764 + 2780 )/ 2 )
=336/2384.382
=14.09 %

(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 14.09% mean?
Note AB (CHIX:NOTES) has a ROCE % of 14.09% as of Mar. 2026.
Is Note AB's ROCE % too high?
Note AB's current ROCE % is 14.09%. The Hardware industry median ROCE % is 5.83. Note AB's value of 14.09% is 141.9% above this industry median. Overall, Note AB has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does Note AB's ROCE % compare to APH and GLW?
Note AB's ROCE % of 14.09% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. Note AB's value of 14.09% is 141.9% 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 2,444 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. Note AB's current ROCE % of 14.09% is 141.9% 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. Note AB's current ROCE % is 14.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note AB stock overvalued right now?
Note AB (CHIX:NOTES) has a current ROCE % of 14.09%. The stock's GF Value™ is kr177.19, compared to a current price of kr175.20 — trading 1.1% below its estimated fair value. The current ROCE % is 14.09% and 141.9% above the Hardware industry median of 5.83. Note AB's overall GF Score™ is 96/100 with 4 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 Note AB (CHIX:NOTES), the current ROCE % is 14.09% 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 Note AB (CHIX:NOTES) Overvalued in 2026?

Based on GuruFocus' analysis, Note AB stock appears to be undervalued. The current stock price of kr175.20 is trading 1.1% below its estimated GF Value™ of kr177.19.

Key valuation signals for CHIX:NOTES:

  • ROCE %: 14.09%
  • GF Value™: kr177.19 vs. price of kr175.20 (1.1% below fair value)
  • GF Score™: 96/100 with 4 warning signs
  • Industry Position: 141.9% above the Hardware median

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

Note AB Business Description

Address Box 3691, Stockholm, SWE, 103 59
Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.
96GF Score

Get the complete analysis for CHIX:NOTES

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

kr175.20
Price
kr177.19
GF Value