TGLVY (Top Glove Bhd) ROCE %: 7.58% (As of May. 2026)


TGLVY Top Glove Corp Bhd TGLVY
73 GF Score
Price $0.70
GF Value $1.19
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Top Glove Bhd ROCE %?

Top Glove Bhd TGLVY 73 ROCE % is 7.58% as of May. 2026. GuruFocus rates TGLVY with a GF Score™ of 73/100 and a GF Value™ of $1.19 (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. Top Glove Bhd's annualized ROCE % for the quarter that ended in May. 2026 was 7.58%.

Top Glove Bhd  (OTCPK:TGLVY) 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.

Top Glove Bhd ROCE % Related Terms

Top Glove Bhd ROCE % Historical Data

* Premium members only.

The historical data trend for Top Glove Bhd'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.

Top Glove Bhd ROCE % Chart

Top Glove Bhd Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 141.29 4.79 -13.16 -0.36 2.97

Top Glove Bhd Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 2.93 4.01 3.80 3.40 7.58
TGLVY
73GF Score
Top Glove Corp Bhd TGLVY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Top Glove Bhd ROCE % Calculation

Top Glove Bhd's annualized ROCE % for the fiscal year that ended in Aug. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=40.333/( ( (1577.084 - 215.277) + (1485.76 - 127.408) )/ 2 )
=40.333/( (1361.807+1358.352)/ 2 )
=40.333/1360.0795
=2.97 %

Top Glove Bhd's ROCE % of for the quarter that ended in May. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: May. 2026 )  (Q: Feb. 2026 )(Q: May. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: May. 2026 )  (Q: Feb. 2026 )(Q: May. 2026 )
=111.024/( ( (1615.754 - 153.325) + (1665.606 - 199.044) )/ 2 )
=111.024/( ( 1462.429 + 1466.562 )/ 2 )
=111.024/1464.4955
=7.58 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2026) 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 7.58% mean?
Top Glove Bhd (TGLVY) has a ROCE % of 7.58% as of May. 2026.
Is Top Glove Bhd's ROCE % too high?
Top Glove Bhd's current ROCE % is 7.58%. The Medical Devices & Instruments industry median ROCE % is 2.23. Top Glove Bhd's value of 7.58% is 239.9% above this industry median. Overall, Top Glove Bhd has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Top Glove Bhd's ROCE % compare to ISRG and BDX?
Top Glove Bhd's ROCE % of 7.58% can be compared against companies in the Medical Devices & Instruments industry. The industry median ROCE % is 2.23. Top Glove Bhd's value of 7.58% is 239.9% 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 Medical Devices & Instruments company?
The median ROCE % among Medical Devices & Instruments companies is 2.23, based on 814 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. Top Glove Bhd's current ROCE % of 7.58% is 239.9% 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 Medical Devices & Instruments industry, the median ROCE % is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Glove Bhd's current ROCE % is 7.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Glove Bhd stock overvalued right now?
Based on GuruFocus' analysis, Top Glove Bhd (TGLVY) is currently considered Significantly Undervalued. The stock's GF Value™ is $1.19, compared to a current price of $0.70 — trading 40.9% below its estimated fair value. The current ROCE % is 7.58% and 239.9% above the Medical Devices & Instruments industry median of 2.23. Top Glove Bhd's overall GF Score™ is 73/100 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 Top Glove Bhd (TGLVY), the current ROCE % is 7.58% as of May. 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 Top Glove Bhd (TGLVY) Overvalued in 2026?

Based on GuruFocus' analysis, Top Glove Bhd stock appears to be undervalued. The current stock price of $0.70 is trading 40.9% below its estimated GF Value™ of $1.19. GuruFocus considers Top Glove Bhd to be Significantly Undervalued.

Key valuation signals for TGLVY:

  • ROCE %: 7.58%
  • GF Value™: $1.19 vs. price of $0.70 (40.9% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 239.9% above the Medical Devices & Instruments median

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

Top Glove Bhd Business Description

Address 16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170
Top Glove Corp Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing and sales of gloves through several product lines to diverse customers in various countries. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. It serves various sectors including healthcare, industrial, and Food and Beverage sectors. The company has four reportable operating segments based on its geographical areas: Malaysia, Thailand, People's Republic of China and Others. The majority of revenue is generated from Malaysia.
73GF Score

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

$0.70
Price
$1.19
GF Value