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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. Plover Bay Technologies's annualized ROCE % for the quarter that ended in Dec. 2025 was 79.45%.
Plover Bay Technologies (HKSE:01523) 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.
* 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 (Dec. 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.
Plover Bay Technologies (HKSE:01523) has a ROCE % of 79.45% as of Dec. 2025.
Is Plover Bay Technologies' ROCE % too high?
Plover Bay Technologies' current ROCE % is 79.45%. The Hardware industry median ROCE % is 5.91. Plover Bay Technologies' value of 79.45% is 1244.3% above this industry median. Overall, Plover Bay Technologies has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plover Bay Technologies' ROCE % compare to CSCO and CIEN?
Plover Bay Technologies' ROCE % of 79.45% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.91. Plover Bay Technologies' value of 79.45% is 1244.3% 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 5.91, based on 2,450 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. Plover Bay Technologies's current ROCE % of 79.45% is 1244.3% 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 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plover Bay Technologies's current ROCE % is 79.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plover Bay Technologies stock overvalued right now?
Based on GuruFocus' analysis, Plover Bay Technologies (HKSE:01523) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$5.53, compared to a current price of HK$8.00 — trading 44.7% above its estimated fair value. The current ROCE % is 79.45% and 1244.3% above the Hardware industry median of 5.91. Plover Bay Technologies' overall GF Score™ is 92/100 with 1 warning sign 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 Plover Bay Technologies (HKSE:01523), the current ROCE % is 79.45% 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 Plover Bay Technologies (HKSE:01523) Overvalued in 2026?
Based on GuruFocus' analysis, Plover Bay Technologies stock appears to be overvalued.
The current stock price of HK$8.00 is trading 44.7% above its estimated GF Value™ of HK$5.53.
GuruFocus considers Plover Bay Technologies to be Significantly Overvalued.
Key valuation signals for HKSE:01523:
ROCE %: 79.45%
GF Value™: HK$5.53 vs. price of HK$8.00 (44.7% above fair value)
Industry Position: 1244.3% above the Hardware median
No single metric tells the full story. See the HKSE:01523 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plover Bay Technologies Ltd is an investment holding company. It is a vendor of connectivity hardware, software, and services. The company's products include wired SD-WAN routers, wireless SD-WAN routers, and networking peripherals that support customer's networks. It also engages in the sales of software licences and the provision of warranty and support services. Companies' segments consist mainly of the following categories: SD-WAN routers; Mobile First Connectivity, which denotes products connected through mobile networks; warranty and support services; and software licences. The Mobile First Connectivity has the highest revenue. Geographical regions: North America, EMEA, Asia, and other regions.
92GF Score
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