Teqnion AB (FRA:M45) ROCE %: 16.93% (As of Mar. 2026)

What is Teqnion AB ROCE %?

Teqnion AB FRA:M45 -1.26% 62 ROCE % is 16.93% as of Mar. 2026. GuruFocus rates FRA:M45 with a GF Score™ of 62/100 and a GF Value™ of €18.52 (Modestly Undervalued). The stock has 4 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. Teqnion AB's annualized ROCE % for the quarter that ended in Mar. 2026 was 16.93%.

Teqnion AB (FRA:M45) 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.

Teqnion AB ROCE % Related Terms

Teqnion AB ROCE % Historical Data

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The historical data trend for Teqnion AB'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.

Teqnion AB ROCE % Chart

Teqnion AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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23.98

23.30

19.22

11.67

11.47

Teqnion AB 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															14.93	14.92	0.76	14.65	16.93

62GF Score

Teqnion AB FRA:M45

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

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Teqnion AB ROCE % Calculation

Teqnion AB's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	15.429	/	( ( (149.688 - 32.584)	+	(188.177 - 36.261) )	/ 2 )
	=	15.429	/	( (117.104	+	151.916)	/ 2 )
	=	15.429	/	134.51
	=	11.47 %

Teqnion AB'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 )
	=	26.216	/	( ( (188.177 - 36.261)	+	(198.676 - 40.97) )	/ 2 )
	=	26.216	/	( ( 151.916	+	157.706 )	/ 2 )
	=	26.216	/	154.811
	=	16.93 %

(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 16.93% mean?

Teqnion AB (FRA:M45) has a ROCE % of 16.93% as of Mar. 2026.

Is Teqnion AB's ROCE % too high?

Teqnion AB's current ROCE % is 16.93%. The Conglomerates industry median ROCE % is 6.92. Teqnion AB's value of 16.93% is 144.7% above this industry median. Overall, Teqnion AB has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Teqnion AB's ROCE % compare to HON and MMM?

Teqnion AB's ROCE % of 16.93% can be compared against companies in the Conglomerates industry. The industry median ROCE % is 6.92. Teqnion AB's value of 16.93% is 144.7% 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 Conglomerates company?

The median ROCE % among Conglomerates companies is 6.92, based on 556 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. Teqnion AB's current ROCE % of 16.93% is 144.7% 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 Conglomerates industry, the median ROCE % is 6.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teqnion AB's current ROCE % is 16.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Teqnion AB stock overvalued right now?

Based on GuruFocus' analysis, Teqnion AB (FRA:M45) is currently considered Modestly Undervalued. The stock's GF Value™ is €18.52, compared to a current price of €14.10 — trading 23.9% below its estimated fair value. The current ROCE % is 16.93% and 144.7% above the Conglomerates industry median of 6.92. Teqnion AB's overall GF Score™ is 62/100 with 4 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 Teqnion AB (FRA:M45), the current ROCE % is 16.93% 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 Teqnion AB (FRA:M45) Overvalued in 2026?

Based on GuruFocus' analysis, Teqnion AB stock appears to be undervalued. The current stock price of €14.10 is trading 23.9% below its estimated GF Value™ of €18.52. GuruFocus considers Teqnion AB to be Modestly Undervalued.

Key valuation signals for FRA:M45:

ROCE %: 16.93%
GF Value™: €18.52 vs. price of €14.10 (23.9% below fair value)
GF Score™: 62/100 with 4 warning signs
Industry Position: 144.7% above the Conglomerates median

No single metric tells the full story. See the FRA:M45 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Teqnion AB Business Description

Industry Industrials Conglomerates

Comparable Companies OSTO:KARNEL B OSTO:STWK NGM:TRNSF OSTO:VOLO OSTO:BERG B OSTO:SDIP B ADX:IHC HON TSE:6501 TSE:8058 TSE:8031 TSE:8001 MMM TSE:8002 TSE:8053 TSE:5803 HKSE:00267 TSE:8015 MIL:PST HKSE:00001

Other Exchanges TEQ:Sweden

Address Dalvagen 14, Solna, SWE, 169 56

Website https://www.teqnion.se

Teqnion AB is an industrial group that acquires stable niche companies with good cash flows to develop and own with an eternal horizon. The subsidiaries are managed in a decentralized manner with support from the parent company. Its group of companies consists of agency businesses that include brands, product and service companies developing solutions for specific industrial niches, and manufacturing companies that sell products under their own or customers' brands. Teqnion continuously supports its companies with planning work and problem-solving beyond the everyday management and financial resources. Geographically, the Group generates maximum revenue from Sweden, and the rest from the European Union (excluding Sweden), the United Kingdom, Norway, the USA, and the Rest of the world.

62GF Score

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

€14.10

Price

€18.52

GF Value

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