Elecom Co (FRA:9EL) ROCE %: 21.41% (As of Mar. 2026)

What is Elecom Co ROCE %?

Elecom Co FRA:9EL +0.52% 86 ROCE % is 21.41% as of Mar. 2026. GuruFocus rates FRA:9EL with a GF Score™ of 86/100 and a GF Value™ of €10.89. The stock has 3 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. Elecom Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 21.41%.

Elecom Co (FRA:9EL) 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.

Elecom Co ROCE % Related Terms

Elecom Co ROCE % Historical Data

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The historical data trend for Elecom Co'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.

Elecom Co ROCE % Chart

Elecom Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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17.22

13.08

14.63

14.90

23.77

Elecom Co 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															17.87	12.69	16.30	50.97	21.41

86GF Score

Elecom Co Ltd FRA:9EL

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

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Elecom Co ROCE % Calculation

Elecom Co'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 )
	=	134.894	/	( ( (712.037 - 181.596)	+	(791.531 - 186.772) )	/ 2 )
	=	134.894	/	( (530.441	+	604.759)	/ 2 )
	=	134.894	/	567.6
	=	23.77 %

Elecom Co'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 )
	=	126.968	/	( ( (775.181 - 194.139)	+	(791.531 - 186.772) )	/ 2 )
	=	126.968	/	( ( 581.042	+	604.759 )	/ 2 )
	=	126.968	/	592.9005
	=	21.41 %

(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 21.41% mean?

Elecom Co (FRA:9EL) has a ROCE % of 21.41% as of Mar. 2026.

Is Elecom Co's ROCE % too high?

Elecom Co's current ROCE % is 21.41%. The Hardware industry median ROCE % is 5.81. Elecom Co's value of 21.41% is 268.5% above this industry median. Overall, Elecom Co has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.

How does Elecom Co's ROCE % compare to DELL and SNDK?

Elecom Co's ROCE % of 21.41% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.81. Elecom Co's value of 21.41% is 268.5% 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 5.81, based on 2,449 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. Elecom Co's current ROCE % of 21.41% is 268.5% 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 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecom Co's current ROCE % is 21.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Elecom Co stock overvalued right now?

Elecom Co (FRA:9EL) has a current ROCE % of 21.41%. The stock's GF Value™ is €10.89, compared to a current price of €9.60 — trading 11.8% below its estimated fair value. The current ROCE % is 21.41% and 268.5% above the Hardware industry median of 5.81. Elecom Co's overall GF Score™ is 86/100 with 3 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 Elecom Co (FRA:9EL), the current ROCE % is 21.41% 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 Elecom Co (FRA:9EL) Overvalued in 2026?

Based on GuruFocus' analysis, Elecom Co stock appears to be undervalued. The current stock price of €9.60 is trading 11.8% below its estimated GF Value™ of €10.89.

Key valuation signals for FRA:9EL:

ROCE %: 21.41%
GF Value™: €10.89 vs. price of €9.60 (11.8% below fair value)
GF Score™: 86/100 with 3 warning signs
Industry Position: 268.5% above the Hardware median

No single metric tells the full story. See the FRA:9EL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Elecom Co Business Description

Industry Technology Hardware

Comparable Companies TSE:6727 TSE:6588 TSE:6737 TSE:9348 TSE:6670 TSE:6413 TSE:6676 TSE:6232 TSE:6430 TSE:218A DELL SNDK ANET STX WDC SHSE:688041 SHSE:688795 TPE:2382 SZSE:002415 HKSE:00992

Other Exchanges ELCMF:USA 6750:Japan

Address 4-1-1 Fushimi-cho, Meiji Yasuda Life Osaka Midosuji Building 9th Floor, Chuo-ku, Osaka, JPN, 541-8765

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

Elecom Co Ltd is a Japan-based company which is engaged in the development, manufacture and sale of personal computer- and digital-equipment-related products through its subsidiaries. Its products portfolio includes personal computers, smartphones, televisions, digital photo frames, batteries, weight scales, digital cameras, digital video cameras, electronic dictionaries, speakers, game machines, light-emitting diode (LED) lighting devices, and others. The company also supplies peripherals, I/O devices, and PC accessories, such as mouse pads, mice and keyboards.

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

€9.60

Price

€10.89

GF Value

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