Money Forward (STU:47D) ROCE %: 30.91% (As of Nov. 2025)


STU:47D Money Forward Inc STU:47D
68 GF Score
Price €21.40
GF Value €44.22
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Money Forward ROCE %?

Money Forward STU:47D 68 ROCE % is 30.91% as of Nov. 2025. GuruFocus rates STU:47D with a GF Score™ of 68/100 and a GF Value™ of €44.22 (Significantly Undervalued). 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. Money Forward's annualized ROCE % for the quarter that ended in Nov. 2025 was 30.91%.

Money Forward  (STU:47D) 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.

Money Forward ROCE % Related Terms

Money Forward ROCE % Historical Data

* Premium members only.

The historical data trend for Money Forward'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.

Money Forward ROCE % Chart

Money Forward Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.69 -20.75 -12.79 -8.78 4.74

Money Forward Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -3.28 -5.26 -4.98 30.91 11.21
STU:47D
68GF Score
Money Forward Inc STU:47D
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Money Forward ROCE % Calculation

Money Forward's annualized ROCE % for the fiscal year that ended in Nov. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=20.386/( ( (650.778 - 242.26) + (711.26 - 259.083) )/ 2 )
=20.386/( (408.518+452.177)/ 2 )
=20.386/430.3475
=4.74 %

Money Forward's ROCE % of for the quarter that ended in Nov. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Nov. 2025 )  (Q: Aug. 2025 )(Q: Nov. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Nov. 2025 )  (Q: Aug. 2025 )(Q: Nov. 2025 )
=137.596/( ( (655.415 - 217.331) + (711.26 - 259.083) )/ 2 )
=137.596/( ( 438.084 + 452.177 )/ 2 )
=137.596/445.1305
=30.91 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2025) 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 30.91% mean?
Money Forward (STU:47D) has a ROCE % of 30.91% as of Nov. 2025.
Is Money Forward's ROCE % too high?
Money Forward's current ROCE % is 30.91%. The Software industry median ROCE % is 5.27. Money Forward's value of 30.91% is 486.5% above this industry median. Overall, Money Forward has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Money Forward's ROCE % compare to CRM and SHOP?
Money Forward's ROCE % of 30.91% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. Money Forward's value of 30.91% is 486.5% 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. Money Forward's current ROCE % of 30.91% is 486.5% 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. Money Forward's current ROCE % is 30.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Money Forward stock overvalued right now?
Based on GuruFocus' analysis, Money Forward (STU:47D) is currently considered Significantly Undervalued. The stock's GF Value™ is €44.22, compared to a current price of €21.40 — trading 51.6% below its estimated fair value. The current ROCE % is 30.91% and 486.5% above the Software industry median of 5.27. Money Forward's overall GF Score™ is 68/100 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 Money Forward (STU:47D), the current ROCE % is 30.91% as of Nov. 2025. 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 Money Forward (STU:47D) Overvalued in 2026?

Based on GuruFocus' analysis, Money Forward stock appears to be undervalued. The current stock price of €21.40 is trading 51.6% below its estimated GF Value™ of €44.22. GuruFocus considers Money Forward to be Significantly Undervalued.

Key valuation signals for STU:47D:

  • ROCE %: 30.91%
  • GF Value™: €44.22 vs. price of €21.40 (51.6% below fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 486.5% above the Software median

No single metric tells the full story. See the STU:47D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Money Forward Business Description

Other Exchanges 3994:Japan
Address 21st Floor, msb Tamachi Tamachi Station Tower, S 3-1-21 Shibaura, Minato-ku, Tokyo, JPN, 108-0023
Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.
68GF Score

Get the complete analysis for STU:47D

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

€21.40
Price
€44.22
GF Value