Mustek (JSE:MST) ROCE %: 13.35% (As of Dec. 2025)

What is Mustek ROCE %?

Mustek JSE:MST -4.84% 76 ROCE % is 13.35% as of Dec. 2025. GuruFocus rates JSE:MST with a GF Score™ of 76/100 and a GF Value™ of R12.58 (Modestly Overvalued). The stock has 8 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. Mustek's annualized ROCE % for the quarter that ended in Dec. 2025 was 13.35%.

Mustek (JSE:MST) 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.

Mustek ROCE % Related Terms

Mustek ROCE % Historical Data

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The historical data trend for Mustek'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.

Mustek ROCE % Chart

Mustek Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROCE %

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35.89

26.55

29.31

15.81

12.31

Mustek Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROCE %	Get a 7-Day Free Trial															22.19	9.21	13.54	11.13	13.35

76GF Score

Mustek Ltd JSE:MST

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Mustek ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	200.934	/	( ( (4888.758 - 3266.02)	+	(4036.925 - 2395.313) )	/ 2 )
	=	200.934	/	( (1622.738	+	1641.612)	/ 2 )
	=	200.934	/	1632.175
	=	12.31 %

Mustek'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: Jun. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	223.97	/	( ( (4036.925 - 2395.313)	+	(4206.055 - 2493.318) )	/ 2 )
	=	223.97	/	( ( 1641.612	+	1712.737 )	/ 2 )
	=	223.97	/	1677.1745
	=	13.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 13.35% mean?

Mustek (JSE:MST) has a ROCE % of 13.35% as of Dec. 2025.

Is Mustek's ROCE % too high?

Mustek's current ROCE % is 13.35%. The Hardware industry median ROCE % is 5.83. Mustek's value of 13.35% is 129.2% above this industry median. Overall, Mustek has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Mustek's ROCE % compare to DELL and SNDK?

Mustek's ROCE % of 13.35% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. Mustek's value of 13.35% is 129.2% 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 5.83, based on 2,444 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. Mustek's current ROCE % of 13.35% is 129.2% 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 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustek's current ROCE % is 13.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mustek stock overvalued right now?

Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.58, compared to a current price of R14.56 — trading 15.7% above its estimated fair value. The current ROCE % is 13.35% and 129.2% above the Hardware industry median of 5.83. Mustek's overall GF Score™ is 76/100 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 Mustek (JSE:MST), the current ROCE % is 13.35% 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 Mustek (JSE:MST) Overvalued in 2026?

Based on GuruFocus' analysis, Mustek stock appears to be overvalued. The current stock price of R14.56 is trading 15.7% above its estimated GF Value™ of R12.58. GuruFocus considers Mustek to be Modestly Overvalued.

Key valuation signals for JSE:MST:

ROCE %: 13.35%
GF Value™: R12.58 vs. price of R14.56 (15.7% above fair value)
GF Score™: 76/100 with 8 warning signs
Industry Position: 129.2% above the Hardware median

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

Mustek Business Description

Industry Technology Hardware

Comparable Companies JSE:NWL DELL SNDK ANET STX WDC SHSE:688041 SHSE:688795 TPE:2382 SZSE:002415 HKSE:00992 SZSE:301308 TPE:6669 SMCI IONQ P HPQ TSE:7751 SHSE:603019 TPE:2357

Address 322 15th Road, Randjespark, Midrand, GT, ZAF, 1685

Website https://www.mustek.co.za

Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.

76GF Score

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

R14.56

Price

R12.58

GF Value

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