TOELF (Tokyo Electron) ROCE %: 37.98% (As of Mar. 2026)

What is Tokyo Electron ROCE %?

Tokyo Electron TOELF +4.42% 85 ROCE % is 37.98% as of Mar. 2026. GuruFocus rates TOELF with a GF Score™ of 85/100 and a GF Value™ of $212.01 (Significantly Overvalued). The stock has 8 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. Tokyo Electron's annualized ROCE % for the quarter that ended in Mar. 2026 was 37.98%.

Tokyo Electron (OTCPK:TOELF) 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.

Tokyo Electron ROCE % Related Terms

Tokyo Electron ROCE % Historical Data

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The historical data trend for Tokyo Electron'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.

Tokyo Electron ROCE % Chart

Tokyo Electron Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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45.69

37.56

24.47

36.86

29.37

Tokyo Electron 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															38.88	29.98	30.72	21.44	37.98

85GF Score

Tokyo Electron Ltd TOELF

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Tokyo Electron ROCE % Calculation

Tokyo Electron'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 )
	=	3938.281	/	( ( (17617.223 - 4548.074)	+	(18029.672 - 4280.504) )	/ 2 )
	=	3938.281	/	( (13069.149	+	13749.168)	/ 2 )
	=	3938.281	/	13409.1585
	=	29.37 %

Tokyo Electron'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 )
	=	5183.78	/	( ( (16900.33 - 3354.539)	+	(18029.672 - 4280.504) )	/ 2 )
	=	5183.78	/	( ( 13545.791	+	13749.168 )	/ 2 )
	=	5183.78	/	13647.4795
	=	37.98 %

(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 37.98% mean?

Tokyo Electron (TOELF) has a ROCE % of 37.98% as of Mar. 2026.

Is Tokyo Electron's ROCE % too high?

Tokyo Electron's current ROCE % is 37.98%. The Semiconductors industry median ROCE % is 4.81. Tokyo Electron's value of 37.98% is 690.4% above this industry median. Overall, Tokyo Electron has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tokyo Electron's ROCE % compare to LRCX and AMAT?

Tokyo Electron's ROCE % of 37.98% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.81. Tokyo Electron's value of 37.98% is 690.4% 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. Tokyo Electron's current ROCE % of 37.98% is 690.4% 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. Tokyo Electron's current ROCE % is 37.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tokyo Electron stock overvalued right now?

Based on GuruFocus' analysis, Tokyo Electron (TOELF) is currently considered Significantly Overvalued. The stock's GF Value™ is $212.01, compared to a current price of $463.19 — trading 118.5% above its estimated fair value. The current ROCE % is 37.98% and 690.4% above the Semiconductors industry median of 4.81. Tokyo Electron's overall GF Score™ is 85/100 with 8 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 Tokyo Electron (TOELF), the current ROCE % is 37.98% 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 Tokyo Electron (TOELF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Electron stock appears to be overvalued. The current stock price of $463.19 is trading 118.5% above its estimated GF Value™ of $212.01. GuruFocus considers Tokyo Electron to be Significantly Overvalued.

Key valuation signals for TOELF:

ROCE %: 37.98%
GF Value™: $212.01 vs. price of $463.19 (118.5% above fair value)
GF Score™: 85/100 with 8 warning signs
Industry Position: 690.4% above the Semiconductors median

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

Tokyo Electron Business Description

Industry Technology Semiconductors

Comparable Companies TSE:6857 TSE:6146 TSE:5016 TSE:6920 TSE:7735 TSE:6525 TSE:3436 TSE:7729 TSE:6323 TSE:6871 XAMS:ASML LRCX AMAT KLAC SZSE:002371 TER SHSE:688820 XAMS:ASM SZSE:301666 TPE:7769

Other Exchanges TOELY:USA 8035:Japan TKY:Germany

Address 5-3-1 Akasaka, 38th Floor, Akasaka Biz Tower, Minato-ku, Tokyo, JPN, 107-6325

Website https://www.tel.co.jp

Tokyo Electron is a major supplier of semiconductor fabrication tools. It operates primarily in the etching, deposition, and cleaning segments, which involve adding and removing materials to and from semiconductor wafers. Customers include leading-edge logic, foundry, and memory chipmakers such as Samsung Electronics, Intel, TSMC, and SK Hynix.

85GF Score

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

$463.19

Price

$212.01

GF Value

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