NVE (NVEC) ROCE %: 32.02% (As of Mar. 2026)

What is NVE ROCE %?

NVE NVEC +3.67% 72 ROCE % is 32.02% as of Mar. 2026. GuruFocus rates NVEC with a GF Score™ of 72/100 and a GF Value™ of $65.92 (Significantly Overvalued). 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. NVE's annualized ROCE % for the quarter that ended in Mar. 2026 was 32.02%.

NVE (NAS:NVEC) 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.

NVE ROCE % Related Terms

NVE ROCE % Historical Data

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The historical data trend for NVE'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.

NVE ROCE % Chart

NVE Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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23.93

38.73

27.81

24.83

26.02

NVE 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															26.78	24.20	23.90	25.05	32.02

72GF Score

NVE Corp NVEC

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

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NVE ROCE % Calculation

NVE'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 )
	=	15.92	/	( ( (64.276 - 1.169)	+	(60.38 - 1.141) )	/ 2 )
	=	15.92	/	( (63.107	+	59.239)	/ 2 )
	=	15.92	/	61.173
	=	26.02 %

NVE'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 )
	=	18.94	/	( ( (59.963 - 0.892)	+	(60.38 - 1.141) )	/ 2 )
	=	18.94	/	( ( 59.071	+	59.239 )	/ 2 )
	=	18.94	/	59.155
	=	32.02 %

(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 32.02% mean?

NVE (NVEC) has a ROCE % of 32.02% as of Mar. 2026.

Is NVE's ROCE % too high?

NVE's current ROCE % is 32.02%. The Semiconductors industry median ROCE % is 4.81. NVE's value of 32.02% is 566.4% above this industry median. Overall, NVE has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does NVE's ROCE % compare to ALMU and VLN?

NVE's ROCE % of 32.02% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.81. NVE's value of 32.02% is 566.4% 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 Semiconductors company?

The median ROCE % among Semiconductors companies is 4.81, based on 1,018 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. NVE's current ROCE % of 32.02% is 566.4% 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 Semiconductors industry, the median ROCE % is 4.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NVE's current ROCE % is 32.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NVE stock overvalued right now?

Based on GuruFocus' analysis, NVE (NVEC) is currently considered Significantly Overvalued. The stock's GF Value™ is $65.92, compared to a current price of $94.32 — trading 43.1% above its estimated fair value. The current ROCE % is 32.02% and 566.4% above the Semiconductors industry median of 4.81. NVE's overall GF Score™ is 72/100 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 NVE (NVEC), the current ROCE % is 32.02% 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 NVE (NVEC) Overvalued in 2026?

Based on GuruFocus' analysis, NVE stock appears to be overvalued. The current stock price of $94.32 is trading 43.1% above its estimated GF Value™ of $65.92. GuruFocus considers NVE to be Significantly Overvalued.

Key valuation signals for NVEC:

ROCE %: 32.02%
GF Value™: $65.92 vs. price of $94.32 (43.1% above fair value)
GF Score™: 72/100 with 2 warning signs
Industry Position: 566.4% above the Semiconductors median

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

NVE Business Description

Industry Technology Semiconductors

Comparable Companies ALMU VLN QUIK GSIT MRAM MX GCTS LAES IPWR SQNS NVDA AVGO TPE:2330 XKRX:000660 MU AMD INTC TXN QCOM TSE:285A

Other Exchanges NVK:Germany

Address 11409 Valley View Road, Eden Prarie, MN, USA, 55344

Website https://www.nve.com

NVE Corp is engaged in developing and selling devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. It manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data. The company's products include Digital sensors, Medical sensors, Rotation Sensors, GT Sensors, Angle Sensors, Analog sensors, MSOP Isolators, Passive-In Transceivers, and others. The company manufactures high-performance spintronic products including sensors and couplers. The company's designs are based on giant magnetoresistance GMR and tunneling magnetoresistance TMR combined with integrated circuitry.

72GF Score

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

$94.32

Price

$65.92

GF Value

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