HSYDF (Harmonic Drive Systems) ROCE %: 4.18% (As of Mar. 2026)


HSYDF Harmonic Drive Systems Inc HSYDF
69 GF Score
Price $48.38
GF Value $23.38
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Harmonic Drive Systems ROCE %?

Harmonic Drive Systems HSYDF +2.01% 69 ROCE % is 4.18% as of Mar. 2026. GuruFocus rates HSYDF with a GF Score™ of 69/100 and a GF Value™ of $23.38 (Significantly Overvalued). The stock has 10 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. Harmonic Drive Systems's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.18%.

Harmonic Drive Systems  (OTCPK:HSYDF) 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.

Harmonic Drive Systems ROCE % Related Terms

Harmonic Drive Systems ROCE % Historical Data

* Premium members only.

The historical data trend for Harmonic Drive Systems'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.

Harmonic Drive Systems ROCE % Chart

Harmonic Drive Systems Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.70 7.31 -20.94 4.84 2.49

Harmonic Drive Systems 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 19.88 1.17 1.76 3.26 4.18
HSYDF
69GF Score
Harmonic Drive Systems Inc HSYDF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Harmonic Drive Systems ROCE % Calculation

Harmonic Drive Systems's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=16.09/( ( (762.267 - 93.23) + (702.031 - 77.347) )/ 2 )
=16.09/( (669.037+624.684)/ 2 )
=16.09/646.8605
=2.49 %

Harmonic Drive Systems'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 )
=26.04/( ( (700.036 - 78.719) + (702.031 - 77.347) )/ 2 )
=26.04/( ( 621.317 + 624.684 )/ 2 )
=26.04/623.0005
=4.18 %

(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 4.18% mean?
Harmonic Drive Systems (HSYDF) has a ROCE % of 4.18% as of Mar. 2026.
Is Harmonic Drive Systems' ROCE % too high?
Harmonic Drive Systems' current ROCE % is 4.18%. The Industrial Products industry median ROCE % is 7.10. Harmonic Drive Systems' value of 4.18% is 41.1% below this industry median. Overall, Harmonic Drive Systems has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harmonic Drive Systems' ROCE % compare to GEV and ETN?
Harmonic Drive Systems' ROCE % of 4.18% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. Harmonic Drive Systems' value of 4.18% is 41.1% 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 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. Harmonic Drive Systems's current ROCE % of 4.18% is 41.1% 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 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. Harmonic Drive Systems's current ROCE % is 4.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmonic Drive Systems stock overvalued right now?
Based on GuruFocus' analysis, Harmonic Drive Systems (HSYDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $23.38, compared to a current price of $48.38 — trading 106.9% above its estimated fair value. The current ROCE % is 4.18% and 41.1% below the Industrial Products industry median of 7.10. Harmonic Drive Systems' overall GF Score™ is 69/100 with 10 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 Harmonic Drive Systems (HSYDF), the current ROCE % is 4.18% 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 Harmonic Drive Systems (HSYDF) Overvalued in 2026?

Based on GuruFocus' analysis, Harmonic Drive Systems stock appears to be overvalued. The current stock price of $48.38 is trading 106.9% above its estimated GF Value™ of $23.38. GuruFocus considers Harmonic Drive Systems to be Significantly Overvalued.

Key valuation signals for HSYDF:

  • ROCE %: 4.18%
  • GF Value™: $23.38 vs. price of $48.38 (106.9% above fair value)
  • GF Score™: 69/100 with 10 warning signs
  • Industry Position: 41.1% below the Industrial Products median

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

Harmonic Drive Systems Business Description

Other Exchanges 6324:JapanK3R:Germany
Address 6-25-3 Minami-Oi, Shinagawa-ku, Tokyo, JPN, 140-0013
Harmonic Drive Systems manufactures and sells high-precision reduction gears (harmonic reducers) under the Harmonic Drive brand as well as other mechatronics products, including rotary actuators, linear actuators, and AC servo motors. The company also provides planetary gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo, Japan.
69GF Score

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

$48.38
Price
$23.38
GF Value