Seco SpA (MIL:IOT) ROCE %: 1.68% (As of Mar. 2026)

What is Seco SpA ROCE %?

Seco SpA MIL:IOT +3.13% 80 ROCE % is 1.68% as of Mar. 2026. GuruFocus rates MIL:IOT with a GF Score™ of 80/100 and a GF Value™ of €3.06 (Fairly Valued). The stock has 5 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. Seco SpA's annualized ROCE % for the quarter that ended in Mar. 2026 was 1.68%.

Seco SpA (MIL:IOT) 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.

Seco SpA ROCE % Related Terms

Seco SpA ROCE % Historical Data

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The historical data trend for Seco SpA'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.

Seco SpA ROCE % Chart

Seco SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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4.12

5.10

6.48

-2.11

1.65

Seco SpA 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															1.44	4.25	3.25	-2.32	1.68

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Seco SpA MIL:IOT

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Seco SpA ROCE % Calculation

Seco SpA'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 )
	=	6.997	/	( ( (490.928 - 65.978)	+	(486.083 - 64.616) )	/ 2 )
	=	6.997	/	( (424.95	+	421.467)	/ 2 )
	=	6.997	/	423.2085
	=	1.65 %

Seco SpA'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 )
	=	7.104	/	( ( (486.083 - 64.616)	+	(501.69 - 78.026) )	/ 2 )
	=	7.104	/	( ( 421.467	+	423.664 )	/ 2 )
	=	7.104	/	422.5655
	=	1.68 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 1.68% mean?

Seco SpA (MIL:IOT) has a ROCE % of 1.68% as of Mar. 2026.

Is Seco SpA's ROCE % too high?

Seco SpA's current ROCE % is 1.68%. The Hardware industry median ROCE % is 5.83. Seco SpA's value of 1.68% is 71.2% below this industry median. Overall, Seco SpA has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

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

Seco SpA's ROCE % of 1.68% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. Seco SpA's value of 1.68% is 71.2% below 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 2,445 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. Seco SpA's current ROCE % of 1.68% is 71.2% below 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. Seco SpA's current ROCE % is 1.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Seco SpA stock overvalued right now?

Based on GuruFocus' analysis, Seco SpA (MIL:IOT) is currently considered Fairly Valued. The stock's GF Value™ is €3.06, compared to a current price of €3.13 — trading 2.3% above its estimated fair value. The current ROCE % is 1.68% and 71.2% below the Hardware industry median of 5.83. Seco SpA's overall GF Score™ is 80/100 with 5 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 Seco SpA (MIL:IOT), the current ROCE % is 1.68% 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 Seco SpA (MIL:IOT) Overvalued in 2026?

Based on GuruFocus' analysis, Seco SpA stock appears to be overvalued. The current stock price of €3.13 is trading 2.3% above its estimated GF Value™ of €3.06. GuruFocus considers Seco SpA to be Fairly Valued.

Key valuation signals for MIL:IOT:

ROCE %: 1.68%
GF Value™: €3.06 vs. price of €3.13 (2.3% above fair value)
GF Score™: 80/100 with 5 warning signs
Industry Position: 71.2% below the Hardware median

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

Seco SpA Business Description

Industry Technology Hardware

Comparable Companies MIL:MFT MIL:ETH MIL:S3D 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

Other Exchanges 7GV:Germany

Address Via Achille Grandi 20, Arezzo, ITA, 52100

Website https://www.seco.com

Seco SpA is engaged in designing and developing embedded computing solutions and technologies for the digitization of industrial products, focusing on Edge Computing, Internet of Things (IoT), and Artificial Intelligence (AI). The group mainly serves industrial OEMs and system integrators through a business-to-business model, offering both hardware solutions-such as modules, single board computers, and HMI systems-and its proprietary Clea IoT-AI software platform for connectivity, device management, and AI deployment. The company operates through two segments: Seco and Seco NE.

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€3.13

Price

€3.06

GF Value

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