TOYO (FRA:TOY) ROCE %: 45.55% (As of Mar. 2026)

What is TOYO ROCE %?

TOYO FRA:TOY 91 ROCE % is 45.55% as of Mar. 2026. GuruFocus rates FRA:TOY with a GF Score™ of 91/100 and a GF Value™ of €10.51 (Fairly Valued). 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. TOYO's annualized ROCE % for the quarter that ended in Mar. 2026 was 45.55%.

TOYO (FRA:TOY) 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.

TOYO ROCE % Related Terms

TOYO ROCE % Historical Data

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The historical data trend for TOYO'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.

TOYO ROCE % Chart

TOYO Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

ROCE %

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7.70

7.84

6.67

11.36

6.46

TOYO 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															21.16	-3.44	10.53	-0.43	45.55

91GF Score

TOYO Corporation FRA:TOY

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

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TOYO ROCE % Calculation

TOYO'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 )
	=	11.38	/	( ( (246.652 - 62.292)	+	(230.121 - 62.296) )	/ 2 )
	=	11.38	/	( (184.36	+	167.825)	/ 2 )
	=	11.38	/	176.0925
	=	6.46 %

TOYO'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 )
	=	73.908	/	( ( (223.247 - 67.049)	+	(251.033 - 82.72) )	/ 2 )
	=	73.908	/	( ( 156.198	+	168.313 )	/ 2 )
	=	73.908	/	162.2555
	=	45.55 %

(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 45.55% mean?

TOYO (FRA:TOY) has a ROCE % of 45.55% as of Mar. 2026.

Is TOYO's ROCE % too high?

TOYO's current ROCE % is 45.55%. The Hardware industry median ROCE % is 5.83. TOYO's value of 45.55% is 682% above this industry median. Overall, TOYO has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does TOYO's ROCE % compare to COHR and KEYS?

TOYO's ROCE % of 45.55% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. TOYO's value of 45.55% is 682% 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 2,444 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. TOYO's current ROCE % of 45.55% is 682% 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. TOYO's current ROCE % is 45.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TOYO stock overvalued right now?

Based on GuruFocus' analysis, TOYO (FRA:TOY) is currently considered Fairly Valued. The stock's GF Value™ is €10.51, compared to a current price of €10.70 — trading 1.8% above its estimated fair value. The current ROCE % is 45.55% and 682% above the Hardware industry median of 5.83. TOYO's overall GF Score™ is 91/100 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 TOYO (FRA:TOY), the current ROCE % is 45.55% 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 TOYO (FRA:TOY) Overvalued in 2026?

Based on GuruFocus' analysis, TOYO stock appears to be overvalued. The current stock price of €10.70 is trading 1.8% above its estimated GF Value™ of €10.51. GuruFocus considers TOYO to be Fairly Valued.

Key valuation signals for FRA:TOY:

ROCE %: 45.55%
GF Value™: €10.51 vs. price of €10.70 (1.8% above fair value)
GF Score™: 91/100 with 4 warning signs
Industry Position: 682% above the Hardware median

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

TOYO Business Description

Industry Technology Hardware

Comparable Companies TSE:7723 TSE:6742 TSE:7760 TSE:7500 TSE:6824 TSE:7715 TSE:6850 TSE:3388 TSE:6853 TSE:6874 TSE:6861 COHR KEYS GRMN TPE:2360 TDY OSTO:HEXA B MKSI FTV TRMB

Other Exchanges 8151:Japan TOY:Germany

Address 1-6, Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-8284

Website https://www.toyo-tos.co.jp

TOYO Corporation is a Japanese company engaged in businesses related to the sale, maintenance, and services of products in the fields of Telecommunications/Information Security, Machine Control/Noise and Vibration, Physical Properties/Energy, EMC/Large Antennas, Marine/Special Equipment, Software Development Support, and Life Sciences both domestically and overseas.

91GF Score

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

€10.70

Price

€10.51

GF Value

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