Trend Micro (MEX:4704N) ROCE %: 45.49% (As of Mar. 2026)


MEX:4704N Trend Micro Inc MEX:4704N
79 GF Score
Price MXN1,120.16
GF Value MXN1,797.92
! 2 Warning Signs
View Full Analysis

What is Trend Micro ROCE %?

Trend Micro MEX:4704N 79 ROCE % is 45.49% as of Mar. 2026. GuruFocus rates MEX:4704N with a GF Score™ of 79/100 and a GF Value™ of MXN1,797.92. 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. Trend Micro's annualized ROCE % for the quarter that ended in Mar. 2026 was 45.49%.

Trend Micro  (MEX:4704N) 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.

Trend Micro ROCE % Related Terms

Trend Micro ROCE % Historical Data

* Premium members only.

The historical data trend for Trend Micro'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.

Trend Micro ROCE % Chart

Trend Micro Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.13 14.07 12.54 29.08 38.52

Trend Micro 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 48.10 42.80 46.43 35.91 45.49
MEX:4704N
79GF Score
Trend Micro Inc MEX:4704N
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trend Micro ROCE % Calculation

Trend Micro's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=6672.324/( ( (54278.896 - 36239.715) + (48761.766 - 32159.891) )/ 2 )
=6672.324/( (18039.181+16601.875)/ 2 )
=6672.324/17320.528
=38.52 %

Trend Micro'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 )
=7072.5/( ( (48761.766 - 32159.891) + (45369.628 - 30873.371) )/ 2 )
=7072.5/( ( 16601.875 + 14496.257 )/ 2 )
=7072.5/15549.066
=45.49 %

(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 45.49% mean?
Trend Micro (MEX:4704N) has a ROCE % of 45.49% as of Mar. 2026.
Is Trend Micro's ROCE % too high?
Trend Micro's current ROCE % is 45.49%. The Software industry median ROCE % is 5.27. Trend Micro's value of 45.49% is 763.2% above this industry median. Overall, Trend Micro has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Trend Micro's ROCE % compare to MSFT and ORCL?
Trend Micro's ROCE % of 45.49% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. Trend Micro's value of 45.49% is 763.2% 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 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. Trend Micro's current ROCE % of 45.49% is 763.2% 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 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. Trend Micro's current ROCE % is 45.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trend Micro stock overvalued right now?
Trend Micro (MEX:4704N) has a current ROCE % of 45.49%. The stock's GF Value™ is MXN1,797.92, compared to a current price of MXN1,120.16 — trading 37.7% below its estimated fair value. The current ROCE % is 45.49% and 763.2% above the Software industry median of 5.27. Trend Micro's overall GF Score™ is 79/100 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 Trend Micro (MEX:4704N), the current ROCE % is 45.49% 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 Trend Micro (MEX:4704N) Overvalued in 2026?

Based on GuruFocus' analysis, Trend Micro stock appears to be undervalued. The current stock price of MXN1,120.16 is trading 37.7% below its estimated GF Value™ of MXN1,797.92.

Key valuation signals for MEX:4704N:

  • ROCE %: 45.49%
  • GF Value™: MXN1,797.92 vs. price of MXN1,120.16 (37.7% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 763.2% above the Software median

No single metric tells the full story. See the MEX:4704N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Trend Micro Business Description

Address 4-1-6 Shinjuku, JR Shinjuku Miraina Tower, Shinjuku-ku, Tokyo, JPN, 160-0022
Trend Micro Inc provides antivirus and other security products that protect the flow of information on PCs, file servers, e-mail servers, and the Internet gateway. The company operates through four geographic segments: Japan, North America, Europe, and Asia-Pacific.
79GF Score

Get the complete analysis for MEX:4704N

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

MXN1,120.16
Price
MXN1,797.92
GF Value