Alpha Systems (FRA:AN5) ROCE %: 8.65% (As of Mar. 2026)

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FRA:AN5 Alpha Systems Inc FRA:AN5
74 GF Score
Price €18.00
GF Value €19.53
! 1 Warning Sign
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What is Alpha Systems ROCE %?

Alpha Systems FRA:AN5 +1.12% 74 ROCE % is 8.65% as of Mar. 2026. GuruFocus rates FRA:AN5 with a GF Score™ of 74/100 and a GF Value™ of €19.53. 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. Alpha Systems's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.65%.

Alpha Systems  (FRA:AN5) 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.

Alpha Systems ROCE % Related Terms

Alpha Systems ROCE % Historical Data

* Premium members only.

The historical data trend for Alpha Systems'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.

Alpha Systems ROCE % Chart

Alpha Systems 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 10.38 9.96 9.66 10.15 10.26

Alpha Systems 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 7.74 10.42 10.60 13.76 8.65
FRA:AN5
74GF Score
Alpha Systems Inc FRA:AN5
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Alpha Systems ROCE % Calculation

Alpha Systems'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 )
=26.956/( ( (322.797 - 47.062) + (290.21 - 40.712) )/ 2 )
=26.956/( (275.735+249.498)/ 2 )
=26.956/262.6165
=10.26 %

Alpha Systems'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 )
=21.452/( ( (279.711 - 33.249) + (290.21 - 40.712) )/ 2 )
=21.452/( ( 246.462 + 249.498 )/ 2 )
=21.452/247.98
=8.65 %

(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 8.65% mean?
Alpha Systems (FRA:AN5) has a ROCE % of 8.65% as of Mar. 2026.
Is Alpha Systems' ROCE % too high?
Alpha Systems' current ROCE % is 8.65%. The Software industry median ROCE % is 5.29. Alpha Systems' value of 8.65% is 63.5% above this industry median. Overall, Alpha Systems has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Alpha Systems' ROCE % compare to UBER and SHOP?
Alpha Systems' ROCE % of 8.65% can be compared against companies in the Software industry. The industry median ROCE % is 5.29. Alpha Systems' value of 8.65% is 63.5% 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 Software company?
The median ROCE % among Software companies is 5.29, based on 2,717 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. Alpha Systems's current ROCE % of 8.65% is 63.5% 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 Software industry, the median ROCE % is 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpha Systems's current ROCE % is 8.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Systems stock overvalued right now?
Alpha Systems (FRA:AN5) has a current ROCE % of 8.65%. The stock's GF Value™ is €19.53, compared to a current price of €18.00 — trading 7.8% below its estimated fair value. The current ROCE % is 8.65% and 63.5% above the Software industry median of 5.29. Alpha Systems' overall GF Score™ is 74/100 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 Alpha Systems (FRA:AN5), the current ROCE % is 8.65% 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 Alpha Systems (FRA:AN5) Overvalued in 2026?

Based on GuruFocus' analysis, Alpha Systems stock appears to be undervalued. The current stock price of €18.00 is trading 7.8% below its estimated GF Value™ of €19.53.

Key valuation signals for FRA:AN5:

  • ROCE %: 8.65%
  • GF Value™: €19.53 vs. price of €18.00 (7.8% below fair value)
  • GF Score™: 74/100 with 1 warning sign
  • Industry Position: 63.5% above the Software median

No single metric tells the full story. See the FRA:AN5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Alpha Systems Business Description

Other Exchanges 4719:Japan
Address 12th Floor, 2-17-5 Shibuya, Shionogi Shibuya Building, Shibuya-ku, Tokyo, JPN, 150-0002
Alpha Systems Inc engages in software development for telecommunications systems. The company develops software for backbone communication systems, such as node systems, mobile network systems, and network management systems; open systems, including systems for management of production and distribution, and Intranets for corporate information management; and embedded systems to control electronic devices, including home appliances, office automation equipment, industrial machines, and in-vehicle systems. It also provides system integration, system operation and maintenance, and product sales services.
74GF Score

Get the complete analysis for FRA:AN5

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

€18.00
Price
€19.53
GF Value