InCoax Networks AB (OSTO:INCOAX) ROCE %: -42.47% (As of Mar. 2026)

What is InCoax Networks AB ROCE %?

InCoax Networks AB OSTO:INCOAX +2.88% 48 ROCE % is -42.47% as of Mar. 2026. GuruFocus rates OSTO:INCOAX with a GF Score™ of 48/100 and a GF Value™ of kr0.46 (Significantly Overvalued). The stock has 3 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. InCoax Networks AB's annualized ROCE % for the quarter that ended in Mar. 2026 was -42.47%.

InCoax Networks AB (OSTO:INCOAX) 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.

InCoax Networks AB ROCE % Related Terms

InCoax Networks AB ROCE % Historical Data

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The historical data trend for InCoax Networks AB'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.

InCoax Networks AB ROCE % Chart

InCoax Networks AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-52.29

-26.97

-18.03

-19.48

-26.27

InCoax Networks AB 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															-8.15	-34.06	-23.71	-31.52	-42.47

48GF Score

InCoax Networks AB OSTO:INCOAX

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InCoax Networks AB ROCE % Calculation

InCoax Networks AB'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 )
	=	-31.996	/	( ( (136.815 - 26.274)	+	(152.839 - 19.815) )	/ 2 )
	=	-31.996	/	( (110.541	+	133.024)	/ 2 )
	=	-31.996	/	121.7825
	=	-26.27 %

InCoax Networks AB'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 )
	=	-56.04	/	( ( (152.839 - 19.815)	+	(148.195 - 17.3) )	/ 2 )
	=	-56.04	/	( ( 133.024	+	130.895 )	/ 2 )
	=	-56.04	/	131.9595
	=	-42.47 %

(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 -42.47% mean?

InCoax Networks AB (OSTO:INCOAX) has a ROCE % of -42.47% as of Mar. 2026.

Is InCoax Networks AB's ROCE % too high?

InCoax Networks AB's current ROCE % is -42.47%. Overall, InCoax Networks AB has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does InCoax Networks AB's ROCE % compare to CSCO and CIEN?

InCoax Networks AB's ROCE % of -42.47% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.84. 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 5.84, based on 2,448 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 5.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InCoax Networks AB's current ROCE % is -42.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is InCoax Networks AB stock overvalued right now?

Based on GuruFocus' analysis, InCoax Networks AB (OSTO:INCOAX) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.46, compared to a current price of kr1.07 — trading 132.6% above its estimated fair value. The current ROCE % is -42.47%. InCoax Networks AB's overall GF Score™ is 48/100 with 3 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 InCoax Networks AB (OSTO:INCOAX), the current ROCE % is -42.47% 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 InCoax Networks AB (OSTO:INCOAX) Overvalued in 2026?

Based on GuruFocus' analysis, InCoax Networks AB stock appears to be overvalued. The current stock price of kr1.07 is trading 132.6% above its estimated GF Value™ of kr0.46. GuruFocus considers InCoax Networks AB to be Significantly Overvalued.

Key valuation signals for OSTO:INCOAX:

ROCE %: -42.47%
GF Value™: kr0.46 vs. price of kr1.07 (132.6% above fair value)
GF Score™: 48/100 with 3 warning signs

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

InCoax Networks AB Business Description

Industry Technology Hardware

Comparable Companies NGM:TCC A XSAT:EXALT OSTO:MAVEN OSTO:WAYS OSTO:TAGM B OSTO:GAPW B CSCO SZSE:300308 SHSE:601138 SZSE:300502 OHEL:NOKIA CIEN MSI LITE HPE SZSE:300394 HKSE:06869 TPE:2345 SHSE:600487 OSTO:ERIC B

Address Mobilvagen 10, Ideon Science Park, Lund, SWE, SE-223 62

Website https://www.incoax.com

InCoax Networks AB is a Swedish technology company that develops system solutions for broadband access in multi-dwelling buildings and other properties with existing coaxial cabling. The company's products include Incoax, Fiber Access & Fixed Wireless Access (FWA) Extension Over Coax, MoCA Access 2.5 standard, Whitepaper, in:xtnd Control, 5 Gbps InCoax Access, InCoax Combine, InCoax Manage CLM. The business model is mainly based on hardware sales, complemented by software, support, and maintenance. In larger rollouts, market development and delivery often take place together with distributors, resellers, and system integrators. Its customer mainly targets operators that need a faster and more cost-effective and second important customer group is FWA operators.

48GF Score

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kr1.07

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kr0.46

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