Tokyo Electron Device (FRA:8VR) ROCE %: 20.34% (As of Mar. 2026)

What is Tokyo Electron Device ROCE %?

Tokyo Electron Device FRA:8VR -5.87% 66 ROCE % is 20.34% as of Mar. 2026. GuruFocus rates FRA:8VR with a GF Score™ of 66/100 and a GF Value™ of €16.59 (Modestly Overvalued). The stock has 9 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. Tokyo Electron Device's annualized ROCE % for the quarter that ended in Mar. 2026 was 20.34%.

Tokyo Electron Device (FRA:8VR) 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.

Tokyo Electron Device ROCE % Related Terms

Tokyo Electron Device ROCE % Historical Data

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The historical data trend for Tokyo Electron Device'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.

Tokyo Electron Device ROCE % Chart

Tokyo Electron Device Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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15.87

19.61

18.05

15.07

13.00

Tokyo Electron Device 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															13.97	8.51	9.66	17.43	20.34

66GF Score

Tokyo Electron Device Ltd FRA:8VR

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Tokyo Electron Device ROCE % Calculation

Tokyo Electron Device'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 )
	=	60.535	/	( ( (973.301 - 462.973)	+	(884.233 - 463.346) )	/ 2 )
	=	60.535	/	( (510.328	+	420.887)	/ 2 )
	=	60.535	/	465.6075
	=	13.00 %

Tokyo Electron Device'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 )
	=	84.036	/	( ( (867.233 - 461.674)	+	(884.233 - 463.346) )	/ 2 )
	=	84.036	/	( ( 405.559	+	420.887 )	/ 2 )
	=	84.036	/	413.223
	=	20.34 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 20.34% mean?

Tokyo Electron Device (FRA:8VR) has a ROCE % of 20.34% as of Mar. 2026.

Is Tokyo Electron Device's ROCE % too high?

Tokyo Electron Device's current ROCE % is 20.34%. The Hardware industry median ROCE % is 5.83. Tokyo Electron Device's value of 20.34% is 248.9% above this industry median. Overall, Tokyo Electron Device has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tokyo Electron Device's ROCE % compare to APH and GLW?

Tokyo Electron Device's ROCE % of 20.34% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. Tokyo Electron Device's value of 20.34% is 248.9% 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 2,445 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. Tokyo Electron Device's current ROCE % of 20.34% is 248.9% 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. Tokyo Electron Device's current ROCE % is 20.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tokyo Electron Device stock overvalued right now?

Based on GuruFocus' analysis, Tokyo Electron Device (FRA:8VR) is currently considered Modestly Overvalued. The stock's GF Value™ is €16.59, compared to a current price of €20.54 — trading 23.8% above its estimated fair value. The current ROCE % is 20.34% and 248.9% above the Hardware industry median of 5.83. Tokyo Electron Device's overall GF Score™ is 66/100 with 9 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 Tokyo Electron Device (FRA:8VR), the current ROCE % is 20.34% 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 Tokyo Electron Device (FRA:8VR) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Electron Device stock appears to be overvalued. The current stock price of €20.54 is trading 23.8% above its estimated GF Value™ of €16.59. GuruFocus considers Tokyo Electron Device to be Modestly Overvalued.

Key valuation signals for FRA:8VR:

ROCE %: 20.34%
GF Value™: €16.59 vs. price of €20.54 (23.8% above fair value)
GF Score™: 66/100 with 9 warning signs
Industry Position: 248.9% above the Hardware median

No single metric tells the full story. See the FRA:8VR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tokyo Electron Device Business Description

Industry Technology Hardware

Comparable Companies TSE:6800 TSE:6997 TSE:6961 TSE:6227 TSE:6999 TSE:6768 TSE:6914 TSE:7433 TSE:9960 TSE:6524 TPE:2308 APH GLW TPE:2317 TSE:6981 XKRX:009150 SZSE:002475 TEL TPE:2383 SZSE:002384

Other Exchanges 2760:Japan

Address Yokohama East Square, 1-4, Kinko-cho, Kanagawa-ku, Yokohama, JPN, 221-0056

Website http://www.teldevice.co.jp

Tokyo Electron Device Ltd is engaged in the sales of semiconductor products, board computer products, software and other electronic components. It is also involved in the business of network and security solutions, storage solutions, and software solutions.

66GF Score

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

€20.54

Price

€16.59

GF Value

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