NEON (Neonode) ROCE %: -34.83% (As of Mar. 2026)

What is Neonode ROCE %?

Neonode NEON -0.98% 54 ROCE % is -34.83% as of Mar. 2026. GuruFocus rates NEON with a GF Score™ of 54/100 and a GF Value™ of $2.27 (Possible Value Trap). 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. Neonode's annualized ROCE % for the quarter that ended in Mar. 2026 was -34.83%.

Neonode (NAS:NEON) 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.

Neonode ROCE % Related Terms

Neonode ROCE % Historical Data

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The historical data trend for Neonode'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.

Neonode ROCE % Chart

Neonode Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-43.90

-26.75

-31.28

-38.58

35.55

Neonode 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															-49.73	-60.95	278.06	-36.66	-34.83

54GF Score

Neonode Inc NEON

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Neonode ROCE % Calculation

Neonode'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 )
	=	7.371	/	( ( (18.381 - 1.62)	+	(26.885 - 2.181) )	/ 2 )
	=	7.371	/	( (16.761	+	24.704)	/ 2 )
	=	7.371	/	20.7325
	=	35.55 %

Neonode'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 )
	=	-8.284	/	( ( (26.885 - 2.181)	+	(24.911 - 2.052) )	/ 2 )
	=	-8.284	/	( ( 24.704	+	22.859 )	/ 2 )
	=	-8.284	/	23.7815
	=	-34.83 %

(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 -34.83% mean?

Neonode (NEON) has a ROCE % of -34.83% as of Mar. 2026.

Is Neonode's ROCE % too high?

Neonode's current ROCE % is -34.83%. Overall, Neonode has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Neonode's ROCE % compare to REFR and DAIO?

Neonode's ROCE % of -34.83% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.82. 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 5.82, 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. 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 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neonode's current ROCE % is -34.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Neonode stock overvalued right now?

Based on GuruFocus' analysis, Neonode (NEON) is currently considered Possible Value Trap. The stock's GF Value™ is $2.27, compared to a current price of $0.96 — trading 57.7% below its estimated fair value. The current ROCE % is -34.83%. Neonode's overall GF Score™ is 54/100 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 Neonode (NEON), the current ROCE % is -34.83% 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 Neonode (NEON) Overvalued in 2026?

Based on GuruFocus' analysis, Neonode stock appears to be undervalued. The current stock price of $0.96 is trading 57.7% below its estimated GF Value™ of $2.27. GuruFocus considers Neonode to be Possible Value Trap.

Key valuation signals for NEON:

ROCE %: -34.83%
GF Value™: $2.27 vs. price of $0.96 (57.7% below fair value)
GF Score™: 54/100 with 2 warning signs

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

Neonode Business Description

Industry Technology Hardware

Comparable Companies REFR DAIO WETH GAUZ MTEK MSAI SELX IEHC HOLO WBX TPE:2308 APH GLW TPE:2317 TSE:6981 XKRX:009150 SZSE:002475 TEL TPE:2383 SZSE:002384

Address Karlavagen 100, Stockholm, SWE, 115 26

Website https://www.neonode.com

Neonode Inc provides software solutions for machine perception that feature machine learning algorithms to detect and track persons and objects in video streams from cameras and other types of imagers. Its machine perception solutions are based on the MultiSensing technology platform. The company also offers optical sensing solutions for contactless touch and gesture sensing. It markets and sells its solutions mainly to customers in the automotive sector, along with other markets such as office equipment, industrial automation, medical, military, and avionics. Geographically, the company operates in Japan, South Korea, Germany, Sweden, China, and other regions, with a majority of its revenue generated from Japan.

54GF Score

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$0.96

Price

$2.27

GF Value

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