Subex (LSE:SBXA) ROCE %: 12.29% (As of Mar. 2026)


What is Subex ROCE %?

Subex LSE:SBXA 62 ROCE % is 12.29% as of Mar. 2026. GuruFocus rates LSE:SBXA with a GF Score™ of 62/100. 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. Subex's annualized ROCE % for the quarter that ended in Mar. 2026 was 12.29%.

Subex  (LSE:SBXA) 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.

Subex ROCE % Related Terms

Subex ROCE % Historical Data

* Premium members only.

The historical data trend for Subex'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.

Subex ROCE % Chart

Subex 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 5.59 -5.85 -32.05 -4.21 9.37

Subex 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 -14.11 15.61 4.80 6.06 12.29

Subex ROCE % Calculation

Subex'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 )
=3.294/( ( (43.562 - 9.041) + (44.595 - 8.828) )/ 2 )
=3.294/( (34.521+35.767)/ 2 )
=3.294/35.144
=9.37 %

Subex'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 )
=4.396/( ( (0 - 0) + (44.595 - 8.828) )/ 1 )
=4.396/( ( 0 + 35.767 )/ 1 )
=4.396/35.767
=12.29 %

(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 12.29% mean?
Subex (LSE:SBXA) has a ROCE % of 12.29% as of Mar. 2026.
Is Subex's ROCE % too high?
Subex's current ROCE % is 12.29%. The Software industry median ROCE % is 5.19. Subex's value of 12.29% is 136.8% above this industry median. Overall, Subex has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Subex's ROCE % compare to UBER and SHOP?
Subex's ROCE % of 12.29% can be compared against companies in the Software industry. The industry median ROCE % is 5.19. Subex's value of 12.29% is 136.8% 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 5.19, based on 2,709 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. Subex's current ROCE % of 12.29% is 136.8% 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 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Subex's current ROCE % is 12.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subex stock overvalued right now?
Subex (LSE:SBXA) has a current ROCE % of 12.29%. The current ROCE % is 12.29% and 136.8% above the Software industry median of 5.19. Subex's overall GF Score™ is 62/100 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 Subex (LSE:SBXA), the current ROCE % is 12.29% 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.

Subex Business Description

Other Exchanges SUBEXLTD:India532348:India
Address Outer Ring Road, Block-9, 4th Floor, B Wing, Survey No. 51 to 64/4, Pritech Park-SEZ, Bellandur Village, Varthur Hobli, Bangalore, KA, IND, 560103
Subex Ltd is an Indian-based company providing telecom AI solutions. The company offers managed and business consulting services. The company enables Communications Service Providers (CSPs) to provide good digital connections for customers. The product portfolio of the company includes ROC revenue assurance, ROC fraud management, Enterprise Asset Management, Partner Management, and others. Geographically, the company generates the majority of its revenue from Europe, the Middle East, and Africa (EMEA).