HIHO (Highway Holdings) ROCE %: -31.85% (As of Dec. 2025)

What is Highway Holdings ROCE %?

Highway Holdings HIHO 52 ROCE % is -31.85% as of Dec. 2025. GuruFocus rates HIHO with a GF Score™ of 52/100 and a GF Value™ of $1.42 (Possible Value Trap). The stock has 2 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. Highway Holdings's annualized ROCE % for the quarter that ended in Dec. 2025 was -31.85%.

Highway Holdings (NAS:HIHO) 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.

Highway Holdings ROCE % Related Terms

Highway Holdings ROCE % Historical Data

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The historical data trend for Highway Holdings'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.

Highway Holdings ROCE % Chart

Highway Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

ROCE %

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-4.99

5.35

-4.89

-8.89

-7.67

Highway Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Sep25	Dec25
ROCE %	Get a 7-Day Free Trial															6.05	0.23	-39.03	-34.27	-31.85

52GF Score

Highway Holdings Ltd HIHO

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

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Highway Holdings ROCE % Calculation

Highway Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2025 )		(A: Mar. 2024 )		(A: Mar. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2025 )		(A: Mar. 2024 )		(A: Mar. 2025 )
	=	-0.535	/	( ( (11.318 - 3.837)	+	(9.554 - 3.077) )	/ 2 )
	=	-0.535	/	( (7.481	+	6.477)	/ 2 )
	=	-0.535	/	6.979
	=	-7.67 %

Highway Holdings's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Sep. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Sep. 2025 )		(Q: Dec. 2025 )
	=	-1.944	/	( ( (8.37 - 2.194)	+	(7.718 - 1.688) )	/ 2 )
	=	-1.944	/	( ( 6.176	+	6.03 )	/ 2 )
	=	-1.944	/	6.103
	=	-31.85 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -31.85% mean?

Highway Holdings (HIHO) has a ROCE % of -31.85% as of Dec. 2025.

Is Highway Holdings' ROCE % too high?

Highway Holdings' current ROCE % is -31.85%. Overall, Highway Holdings has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Highway Holdings' ROCE % compare to MTEN and OLOX?

Highway Holdings' ROCE % of -31.85% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Industrial Products company?

The median ROCE % among Industrial Products companies is 7.10, based on 3,032 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 Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highway Holdings's current ROCE % is -31.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Highway Holdings stock overvalued right now?

Based on GuruFocus' analysis, Highway Holdings (HIHO) is currently considered Possible Value Trap. The stock's GF Value™ is $1.42, compared to a current price of $0.80 — trading 43.7% below its estimated fair value. The current ROCE % is -31.85%. Highway Holdings' overall GF Score™ is 52/100 with 2 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 Highway Holdings (HIHO), the current ROCE % is -31.85% as of Dec. 2025. 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 Highway Holdings (HIHO) Overvalued in 2026?

Based on GuruFocus' analysis, Highway Holdings stock appears to be undervalued. The current stock price of $0.80 is trading 43.7% below its estimated GF Value™ of $1.42. GuruFocus considers Highway Holdings to be Possible Value Trap.

Key valuation signals for HIHO:

ROCE %: -31.85%
GF Value™: $1.42 vs. price of $0.80 (43.7% below fair value)
GF Score™: 52/100 with 2 warning signs

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

Highway Holdings Business Description

Industry Industrials Industrial Products

Comparable Companies MTEN OLOX ATI CRS MLI XTER:NDA CMC SZSE:000039 SHSE:688409 SHSE:603308 SHSE:688122 XBRU:VIO SZSE:300748 ESAB SZSE:300953 SHSE:601399 GPGI TPE:2474 SZSE:002552 ROCO:1785

Address Landmark North 39 Lung Sum Avenue, Suite 1801, Level 18, Sheung Shui, New Territories, Hong Kong, HKG

Website https://www.highwayholdings.com

Highway Holdings Ltd is a holding company. Along with its subsidiaries, it operates as a fully integrated manufacturer of high-quality metal, plastic, electric and electronic components, subassemblies, and finished products for OEMs and contract manufacturers. The manufacturing services offered by the group include metal stamping, screen printing, plastic injection molding, pad printing, and electronic assembly of printed circuit boards. Its reportable business segments are metal stamping and mechanical OEM operations, which derive maximum revenue, and electric OEM operations. Geographically, the group generates maximum revenue from Europe, and the rest from North America, Hong Kong and China, and other Asian countries.

52GF Score

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

$0.80

Price

$1.42

GF Value

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