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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. National Electronics Holdings's annualized ROCE % for the quarter that ended in Sep. 2025 was 3.90%.
National Electronics Holdings (HKSE:00213) 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.
National Electronics Holdings ROCE % Related Terms
National Electronics Holdings ROCE % Historical 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.
(1) Note:
The EBIT data used here is two times the semi-annual (Sep. 2025) 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.
National Electronics Holdings (HKSE:00213) has a ROCE % of 3.90% as of Sep. 2025.
Is National Electronics Holdings' ROCE % too high?
National Electronics Holdings' current ROCE % is 3.90%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.14. National Electronics Holdings' value of 3.90% is 36.5% below this industry median. Overall, National Electronics Holdings has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does National Electronics Holdings' ROCE % compare to NKE and DECK?
National Electronics Holdings' ROCE % of 3.90% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.14. National Electronics Holdings' value of 3.90% is 36.5% below 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 Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.14, based on 1,041 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. National Electronics Holdings's current ROCE % of 3.90% is 36.5% below 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 Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Electronics Holdings's current ROCE % is 3.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Electronics Holdings stock overvalued right now?
Based on GuruFocus' analysis, National Electronics Holdings (HKSE:00213) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.55, compared to a current price of HK$0.36 — trading 34.5% below its estimated fair value. The current ROCE % is 3.90% and 36.5% below the Manufacturing - Apparel & Accessories industry median of 6.14. National Electronics Holdings' overall GF Score™ is 41/100 with 8 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 National Electronics Holdings (HKSE:00213), the current ROCE % is 3.90% as of Sep. 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 National Electronics Holdings (HKSE:00213) Overvalued in 2026?
Based on GuruFocus' analysis, National Electronics Holdings stock appears to be undervalued.
The current stock price of HK$0.36 is trading 34.5% below its estimated GF Value™ of HK$0.55.
GuruFocus considers National Electronics Holdings to be Possible Value Trap.
Key valuation signals for HKSE:00213:
ROCE %: 3.90%
GF Value™: HK$0.55 vs. price of HK$0.36 (34.5% below fair value)
Industry Position: 36.5% below the Manufacturing - Apparel & Accessories median
No single metric tells the full story. See the HKSE:00213 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Electronics Holdings Business Description
National Electronics Holdings Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the manufacture, assembly, and sale of electronic watches and watch parts, trading of watch movements and watch parts, and property development and investment. The group's reportable and operating segments are: Manufacture of watches and trading of watch movements, which generate maximum revenue; Residential and other property development and investment; and Commercial property investment. Geographically, the group generates maximum revenue from Hong Kong and the PRC, followed by Europe, North America, and other regions.
41GF Score
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