Apple (FRA:APC8) ROCE %: 63.71% (As of Mar. 2026)


FRA:APC8 Apple Inc FRA:APC8
96 GF Score
Price €25.00
GF Value €24.19
Valuation Fairly Valued
! 1 Warning Sign
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What is Apple ROCE %?

Apple FRA:APC8 -0.79% 96 ROCE % is 63.71% as of Mar. 2026. GuruFocus rates FRA:APC8 with a GF Score™ of 96/100 and a GF Value™ of €24.19 (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. Apple's annualized ROCE % for the quarter that ended in Mar. 2026 was 63.71%.

Apple  (FRA:APC8) 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.

Apple ROCE % Related Terms

Apple ROCE % Historical Data

* Premium members only.

The historical data trend for Apple'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.

Apple ROCE % Chart

Apple Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.41 61.48 54.23 60.98 67.70

Apple 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 60.25 57.92 66.97 99.20 63.71
FRA:APC8
96GF Score
Apple Inc FRA:APC8
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Apple ROCE % Calculation

Apple'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 )
=113358.6/( ( (328846.98 - 158929.192) + (306073.332 - 141117.612) )/ 2 )
=113358.6/( (169917.788+164955.72)/ 2 )
=113358.6/167436.754
=67.70 %

Apple'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 )
=124162.1/( ( (323919.638 - 138661.418) + (320985.93 - 116464.465) )/ 2 )
=124162.1/( ( 185258.22 + 204521.465 )/ 2 )
=124162.1/194889.8425
=63.71 %

(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 63.71% mean?
Apple (FRA:APC8) has a ROCE % of 63.71% as of Mar. 2026.
Is Apple's ROCE % too high?
Apple's current ROCE % is 63.71%. The Hardware industry median ROCE % is 5.83. Apple's value of 63.71% is 992.8% above this industry median. Overall, Apple has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apple's ROCE % compare to SONO and VUZI?
Apple's ROCE % of 63.71% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. Apple's value of 63.71% is 992.8% 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. Apple's current ROCE % of 63.71% is 992.8% 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. Apple's current ROCE % is 63.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple stock overvalued right now?
Based on GuruFocus' analysis, Apple (FRA:APC8) is currently considered Fairly Valued. The stock's GF Value™ is €24.19, compared to a current price of €25.00 — trading 3.3% above its estimated fair value. The current ROCE % is 63.71% and 992.8% above the Hardware industry median of 5.83. Apple's overall GF Score™ is 96/100 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 Apple (FRA:APC8), the current ROCE % is 63.71% 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 Apple (FRA:APC8) Overvalued in 2026?

Based on GuruFocus' analysis, Apple stock appears to be overvalued. The current stock price of €25.00 is trading 3.3% above its estimated GF Value™ of €24.19. GuruFocus considers Apple to be Fairly Valued.

Key valuation signals for FRA:APC8:

  • ROCE %: 63.71%
  • GF Value™: €24.19 vs. price of €25.00 (3.3% above fair value)
  • GF Score™: 96/100 with 1 warning sign
  • Industry Position: 992.8% above the Hardware median

No single metric tells the full story. See the FRA:APC8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Apple Business Description

Address One Apple Park Way, Cupertino, CA, USA, 95014
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone accounts for the majority of the firm's sales, and Apple's other products, such as the Mac, iPad, and Watch, are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, such as streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors and works with subcontractors such as Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with the majority coming indirectly through partnerships and distribution.
96GF Score

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

€25.00
Price
€24.19
GF Value