Aviat Networks (FRA:HSD1) ROCE %: -0.47% (As of Mar. 2026)

What is Aviat Networks ROCE %?

Aviat Networks FRA:HSD1 -2.79% 71 ROCE % is -0.47% as of Mar. 2026. GuruFocus rates FRA:HSD1 with a GF Score™ of 71/100 and a GF Value™ of €20.30 (Modestly Undervalued). The stock has 6 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. Aviat Networks's annualized ROCE % for the quarter that ended in Mar. 2026 was -0.47%.

Aviat Networks (FRA:HSD1) 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.

Aviat Networks ROCE % Related Terms

Aviat Networks ROCE % Historical Data

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The historical data trend for Aviat Networks'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.

Aviat Networks ROCE % Chart

Aviat Networks Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROCE %

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16.70

14.64

9.54

7.02

2.79

Aviat Networks 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															7.12	13.31	4.54	10.33	-0.47

71GF Score

Aviat Networks Inc FRA:HSD1

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Aviat Networks ROCE % Calculation

Aviat Networks's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	8.353	/	( ( (497.222 - 203.318)	+	(549.068 - 244.664) )	/ 2 )
	=	8.353	/	( (293.904	+	304.404)	/ 2 )
	=	8.353	/	299.154
	=	2.79 %

Aviat Networks'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 )
	=	-1.596	/	( ( (563.089 - 228.102)	+	(533.311 - 195.743) )	/ 2 )
	=	-1.596	/	( ( 334.987	+	337.568 )	/ 2 )
	=	-1.596	/	336.2775
	=	-0.47 %

(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 -0.47% mean?

Aviat Networks (FRA:HSD1) has a ROCE % of -0.47% as of Mar. 2026.

Is Aviat Networks' ROCE % too high?

Aviat Networks' current ROCE % is -0.47%. Overall, Aviat Networks has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Aviat Networks' ROCE % compare to SILC and INSG?

Aviat Networks' ROCE % of -0.47% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. 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. 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. Aviat Networks's current ROCE % is -0.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Aviat Networks stock overvalued right now?

Based on GuruFocus' analysis, Aviat Networks (FRA:HSD1) is currently considered Modestly Undervalued. The stock's GF Value™ is €20.30, compared to a current price of €17.40 — trading 14.3% below its estimated fair value. The current ROCE % is -0.47%. Aviat Networks' overall GF Score™ is 71/100 with 6 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 Aviat Networks (FRA:HSD1), the current ROCE % is -0.47% 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 Aviat Networks (FRA:HSD1) Overvalued in 2026?

Based on GuruFocus' analysis, Aviat Networks stock appears to be undervalued. The current stock price of €17.40 is trading 14.3% below its estimated GF Value™ of €20.30. GuruFocus considers Aviat Networks to be Modestly Undervalued.

Key valuation signals for FRA:HSD1:

ROCE %: -0.47%
GF Value™: €20.30 vs. price of €17.40 (14.3% below fair value)
GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the FRA:HSD1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Aviat Networks Business Description

Industry Technology Hardware

Comparable Companies SILC INSG CRNT CMTL LTRX WATT BKTI OCC AMPG AIRG CSCO SHSE:601138 SZSE:300308 SZSE:300502 CIEN OHEL:NOKIA MSI LITE HPE SZSE:300394

Other Exchanges AVNW:USA

Address 200 Parker Drive, Suite C100A, Austin, TX, USA, 78728

Website https://www.aviatnetworks.com

Aviat Networks Inc provides wireless transport and access networking solutions designed to support telecommunications operators and private network providers situated in various countries. The company offers a range of microwave and millimeter wave radios, network management tools, and services that enable high-capacity, secure, and reliable data transport over wireless networks. Its products serve diverse clients including mobile operators, public safety organizations, utilities, government agencies, and enterprise customers. Aviat generates revenue from the sale of its networking equipment, professional services, and ongoing support contracts. Its operations cover various regions including the Americas, Europe, Asia Pacific, the Middle East, and Africa.

71GF Score

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€17.40

Price

€20.30

GF Value

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