Ningbo Joyson Electronic (FRA:VM2) ROCE %: 8.77% (As of Mar. 2026)


FRA:VM2 Ningbo Joyson Electronic Corp FRA:VM2
57 GF Score
Price €1.46
GF Value €1.21
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Ningbo Joyson Electronic ROCE %?

Ningbo Joyson Electronic FRA:VM2 -0.68% 57 ROCE % is 8.77% as of Mar. 2026. GuruFocus rates FRA:VM2 with a GF Score™ of 57/100 and a GF Value™ of €1.21 (Modestly Overvalued). 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. Ningbo Joyson Electronic's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.77%.

Ningbo Joyson Electronic  (FRA:VM2) 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.

Ningbo Joyson Electronic ROCE % Related Terms

Ningbo Joyson Electronic ROCE % Historical Data

* Premium members only.

The historical data trend for Ningbo Joyson Electronic'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.

Ningbo Joyson Electronic ROCE % Chart

Ningbo Joyson Electronic Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.55 4.14 8.32 8.69 8.61

Ningbo Joyson Electronic 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 8.97 9.21 9.35 6.37 8.77
FRA:VM2
57GF Score
Ningbo Joyson Electronic Corp FRA:VM2
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ningbo Joyson Electronic ROCE % Calculation

Ningbo Joyson Electronic'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 )
=403.737/( ( (8416.554 - 3376.26) + (8385.105 - 4042.694) )/ 2 )
=403.737/( (5040.294+4342.411)/ 2 )
=403.737/4691.3525
=8.61 %

Ningbo Joyson Electronic'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 )
=435.864/( ( (8385.105 - 4042.694) + (8891.414 - 3294.807) )/ 2 )
=435.864/( ( 4342.411 + 5596.607 )/ 2 )
=435.864/4969.509
=8.77 %

(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 8.77% mean?
Ningbo Joyson Electronic (FRA:VM2) has a ROCE % of 8.77% as of Mar. 2026.
Is Ningbo Joyson Electronic's ROCE % too high?
Ningbo Joyson Electronic's current ROCE % is 8.77%. The Vehicles & Parts industry median ROCE % is 7.94. Ningbo Joyson Electronic's value of 8.77% is 10.5% above this industry median. Overall, Ningbo Joyson Electronic has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Joyson Electronic's ROCE % compare to ORLY and AZO?
Ningbo Joyson Electronic's ROCE % of 8.77% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Ningbo Joyson Electronic's value of 8.77% is 10.5% 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 Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 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. Ningbo Joyson Electronic's current ROCE % of 8.77% is 10.5% 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 Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Joyson Electronic's current ROCE % is 8.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Joyson Electronic stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Joyson Electronic (FRA:VM2) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.21, compared to a current price of €1.46 — trading 20.7% above its estimated fair value. The current ROCE % is 8.77% and 10.5% above the Vehicles & Parts industry median of 7.94. Ningbo Joyson Electronic's overall GF Score™ is 57/100 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 Ningbo Joyson Electronic (FRA:VM2), the current ROCE % is 8.77% 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 Ningbo Joyson Electronic (FRA:VM2) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Joyson Electronic stock appears to be overvalued. The current stock price of €1.46 is trading 20.7% above its estimated GF Value™ of €1.21. GuruFocus considers Ningbo Joyson Electronic to be Modestly Overvalued.

Key valuation signals for FRA:VM2:

  • ROCE %: 8.77%
  • GF Value™: €1.21 vs. price of €1.46 (20.7% above fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 10.5% above the Vehicles & Parts median

No single metric tells the full story. See the FRA:VM2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ningbo Joyson Electronic Business Description

Other Exchanges 600699:China
Address No. 99, Qingyi Road, High-tech Zone, Zhejiang, Ningbo, CHN, 315040
Ningbo Joyson Electronic Corp is a key supplier of automotive electronics and automotive safety. It is mainly engaged in the research and development and manufacturing of smart cockpits, smart networking, smart driving, new energy management and automotive safety. It currently has two business divisions, automotive safety and automotive electronics. The automotive electronics segment principally includes intelligent vehicle solutions, covering areas such as cockpit domain controllers, intelligent automotive connectivity, and intelligent driving, as well as human-machine interface products and new energy control systems. The automotive safety segment principally encompasses products such as seat belts, airbags, intelligent steering wheels, and integrated safety solutions.
57GF Score

Get the complete analysis for FRA:VM2

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

€1.46
Price
€1.21
GF Value