iOCO (JSE:IOC) ROCE %: 36.33% (As of Jan. 2026)


JSE:IOC iOCO Ltd JSE:IOC
48 GF Score
Price R3.98
GF Value R2.07
Valuation Significantly Overvalued
! 2 Warning Signs
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What is iOCO ROCE %?

iOCO JSE:IOC -0.50% 48 ROCE % is 36.33% as of Jan. 2026. GuruFocus rates JSE:IOC with a GF Score™ of 48/100 and a GF Value™ of R2.07 (Significantly Overvalued). 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. iOCO's annualized ROCE % for the quarter that ended in Jan. 2026 was 36.33%.

iOCO  (JSE:IOC) 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.

iOCO ROCE % Related Terms

iOCO ROCE % Historical Data

* Premium members only.

The historical data trend for iOCO'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.

iOCO ROCE % Chart

iOCO Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -30.20 -13.26 -1.37 4.90 29.77

iOCO Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 4.00 4.29 37.36 22.33 36.33
JSE:IOC
48GF Score
iOCO Ltd JSE:IOC
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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iOCO ROCE % Calculation

iOCO's annualized ROCE % for the fiscal year that ended in Jul. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jul. 2025 )  (A: Jul. 2024 )(A: Jul. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jul. 2025 )  (A: Jul. 2024 )(A: Jul. 2025 )
=355.68/( ( (3086.263 - 1963.866) + (2798.112 - 1531.363) )/ 2 )
=355.68/( (1122.397+1266.749)/ 2 )
=355.68/1194.573
=29.77 %

iOCO's ROCE % of for the quarter that ended in Jan. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jan. 2026 )  (Q: Jul. 2025 )(Q: Jan. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jan. 2026 )  (Q: Jul. 2025 )(Q: Jan. 2026 )
=487.67/( ( (2798.112 - 1531.363) + (2816.108 - 1397.939) )/ 2 )
=487.67/( ( 1266.749 + 1418.169 )/ 2 )
=487.67/1342.459
=36.33 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 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 36.33% mean?
iOCO (JSE:IOC) has a ROCE % of 36.33% as of Jan. 2026.
Is iOCO's ROCE % too high?
iOCO's current ROCE % is 36.33%. The Software industry median ROCE % is 5.27. iOCO's value of 36.33% is 589.4% above this industry median. Overall, iOCO has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does iOCO's ROCE % compare to IBM and ACN?
iOCO's ROCE % of 36.33% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. iOCO's value of 36.33% is 589.4% 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 Software company?
The median ROCE % among Software companies is 5.27, based on 2,713 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. iOCO's current ROCE % of 36.33% is 589.4% 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 Software industry, the median ROCE % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iOCO's current ROCE % is 36.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iOCO stock overvalued right now?
Based on GuruFocus' analysis, iOCO (JSE:IOC) is currently considered Significantly Overvalued. The stock's GF Value™ is R2.07, compared to a current price of R3.98 — trading 92.3% above its estimated fair value. The current ROCE % is 36.33% and 589.4% above the Software industry median of 5.27. iOCO's overall GF Score™ is 48/100 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 iOCO (JSE:IOC), the current ROCE % is 36.33% as of Jan. 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 iOCO (JSE:IOC) Overvalued in 2026?

Based on GuruFocus' analysis, iOCO stock appears to be overvalued. The current stock price of R3.98 is trading 92.3% above its estimated GF Value™ of R2.07. GuruFocus considers iOCO to be Significantly Overvalued.

Key valuation signals for JSE:IOC:

  • ROCE %: 36.33%
  • GF Value™: R2.07 vs. price of R3.98 (92.3% above fair value)
  • GF Score™: 48/100 with 2 warning signs
  • Industry Position: 589.4% above the Software median

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

iOCO Business Description

Address 2 Augrabies Road, Waterfall Office Par, Midrand, GT, ZAF, 1685
iOCO Ltd, FormerlyEOH Holdings Ltd is a South Africa-based firm offering IT services, software, IT infrastructure, industrial technologies, and outsourcing services. The company operates through three segments. iOCO segment consists of Digital, infrastructure, connected industrial ecosystem, digital business solutions, EasyHQ, international, and NEXTEC services. The majority of revenue is from Intelligent Technology Solutions.
48GF Score

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

R3.98
Price
R2.07
GF Value