Solid State (LSE:SOLI) ROCE %: 12.05% (As of Sep. 2025)

What is Solid State ROCE %?

Solid State LSE:SOLI -3.27% 84 ROCE % is 12.05% as of Sep. 2025. GuruFocus rates LSE:SOLI with a GF Score™ of 84/100 and a GF Value™ of £2.53 (Modestly Undervalued). The stock has 9 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. Solid State's annualized ROCE % for the quarter that ended in Sep. 2025 was 12.05%.

Solid State (LSE:SOLI) 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.

Solid State ROCE % Related Terms

Solid State ROCE % Historical Data

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The historical data trend for Solid State'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.

Solid State ROCE % Chart

Solid State Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

ROCE %

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13.77

10.26

17.16

17.67

1.96

Solid State Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25
ROCE %	Get a 7-Day Free Trial															18.21	17.22	4.87	-1.00	12.05

84GF Score

Solid State PLC LSE:SOLI

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Solid State ROCE % Calculation

Solid State's annualized ROCE % for the fiscal year that ended in Mar. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2025 )		(A: Mar. 2024 )		(A: Mar. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2025 )		(A: Mar. 2024 )		(A: Mar. 2025 )
	=	1.478	/	( ( (113.584 - 33.958)	+	(104.342 - 33.503) )	/ 2 )
	=	1.478	/	( (79.626	+	70.839)	/ 2 )
	=	1.478	/	75.2325
	=	1.96 %

Solid State's ROCE % of for the quarter that ended in Sep. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2025 )		(Q: Mar. 2025 )		(Q: Sep. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2025 )		(Q: Mar. 2025 )		(Q: Sep. 2025 )
	=	9.052	/	( ( (104.342 - 33.503)	+	(108.762 - 29.329) )	/ 2 )
	=	9.052	/	( ( 70.839	+	79.433 )	/ 2 )
	=	9.052	/	75.136
	=	12.05 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 12.05% mean?

Solid State (LSE:SOLI) has a ROCE % of 12.05% as of Sep. 2025.

Is Solid State's ROCE % too high?

Solid State's current ROCE % is 12.05%. The Hardware industry median ROCE % is 5.81. Solid State's value of 12.05% is 107.4% above this industry median. Overall, Solid State has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Solid State's ROCE % compare to APH and GLW?

Solid State's ROCE % of 12.05% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.81. Solid State's value of 12.05% is 107.4% 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 Hardware company?

The median ROCE % among Hardware companies is 5.81, based on 2,449 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. Solid State's current ROCE % of 12.05% is 107.4% 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 Hardware industry, the median ROCE % is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solid State's current ROCE % is 12.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Solid State stock overvalued right now?

Based on GuruFocus' analysis, Solid State (LSE:SOLI) is currently considered Modestly Undervalued. The stock's GF Value™ is £2.53, compared to a current price of £1.93 — trading 23.9% below its estimated fair value. The current ROCE % is 12.05% and 107.4% above the Hardware industry median of 5.81. Solid State's overall GF Score™ is 84/100 with 9 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 Solid State (LSE:SOLI), the current ROCE % is 12.05% as of Sep. 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 Solid State (LSE:SOLI) Overvalued in 2026?

Based on GuruFocus' analysis, Solid State stock appears to be undervalued. The current stock price of £1.93 is trading 23.9% below its estimated GF Value™ of £2.53. GuruFocus considers Solid State to be Modestly Undervalued.

Key valuation signals for LSE:SOLI:

ROCE %: 12.05%
GF Value™: £2.53 vs. price of £1.93 (23.9% below fair value)
GF Score™: 84/100 with 9 warning signs
Industry Position: 107.4% above the Hardware median

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

Solid State Business Description

Industry Technology Hardware

Comparable Companies LSE:KETL LSE:WPHO LSE:TTG LSE:LST LSE:CPX LSE:GHH TPE:2308 APH GLW TPE:2317 TSE:6981 XKRX:009150 SZSE:002475 TEL TPE:2383 SZSE:002384 FLEX SZSE:300476 TPE:3037 SHSE:600183

Other Exchanges OUY:Germany

Address Hedera Road, 2 Ravensbank Business Park, Redditch, Worcestershire, GBR, B98 9EY

Website https://www.solidstateplc.com

Solid State PLC is engaged in the manufacturing as well as distribution of electronic components and materials. The company's operating segment includes divisions, which are Components and Systems. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in the Rest of Europe, Asia, North America, and the Rest of the World. The company generates revenue from products such as Computing, Communications, Power and Optoelectronics, and electronic components and modules.

84GF Score

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£1.93

Price

£2.53

GF Value

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