TONX (TON Strategy Co) ROCE %: -4.30% (As of Mar. 2026)

What is TON Strategy Co ROCE %?

TON Strategy Co TONX -7.00% 50 ROCE % is -4.30% as of Mar. 2026. GuruFocus rates TONX with a GF Score™ of 50/100 and a GF Value™ of $17.74 (Possible Value Trap). The stock has 4 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. TON Strategy Co's annualized ROCE % for the quarter that ended in Mar. 2026 was -4.30%.

TON Strategy Co (NAS:TONX) 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.

TON Strategy Co ROCE % Related Terms

TON Strategy Co ROCE % Historical Data

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The historical data trend for TON Strategy Co'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.

TON Strategy Co ROCE % Chart

TON Strategy Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-198.43

-118.96

-235.10

-102.77

-70.29

TON Strategy Co 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															-68.48	-59.86	117.63	-183.06	-4.30

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TON Strategy Co ROCE % Calculation

TON Strategy Co'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 )
	=	-148.624	/	( ( (20.635 - 4.294)	+	(411.164 - 4.589) )	/ 2 )
	=	-148.624	/	( (16.341	+	406.575)	/ 2 )
	=	-148.624	/	211.458
	=	-70.29 %

TON Strategy Co'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 )
	=	-15.54	/	( ( (411.164 - 4.589)	+	(321.664 - 5.036) )	/ 2 )
	=	-15.54	/	( ( 406.575	+	316.628 )	/ 2 )
	=	-15.54	/	361.6015
	=	-4.30 %

(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 -4.30% mean?

TON Strategy Co (TONX) has a ROCE % of -4.30% as of Mar. 2026.

Is TON Strategy Co's ROCE % too high?

TON Strategy Co's current ROCE % is -4.30%. Overall, TON Strategy Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does TON Strategy Co's ROCE % compare to KLTR and IMMR?

TON Strategy Co's ROCE % of -4.30% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. 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 2,711 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 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. TON Strategy Co's current ROCE % is -4.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TON Strategy Co stock overvalued right now?

Based on GuruFocus' analysis, TON Strategy Co (TONX) is currently considered Possible Value Trap. The stock's GF Value™ is $17.74, compared to a current price of $2.39 — trading 86.5% below its estimated fair value. The current ROCE % is -4.30%. TON Strategy Co's overall GF Score™ is 50/100 with 4 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 TON Strategy Co (TONX), the current ROCE % is -4.30% 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 TON Strategy Co (TONX) Overvalued in 2026?

Based on GuruFocus' analysis, TON Strategy Co stock appears to be undervalued. The current stock price of $2.39 is trading 86.5% below its estimated GF Value™ of $17.74. GuruFocus considers TON Strategy Co to be Possible Value Trap.

Key valuation signals for TONX:

ROCE %: -4.30%
GF Value™: $17.74 vs. price of $2.39 (86.5% below fair value)
GF Score™: 50/100 with 4 warning signs

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

TON Strategy Co Business Description

Industry Technology Software

Comparable Companies KLTR IMMR SMRT EGAN BZAI DSP LAW CMRC DOMO TRAK XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW

Other Exchanges 37V:Germany

Address 2300 West Sahara Avenue, Suite 800, Las Vegas, NV, USA, 89102

Website https://www.tonstrat.com

TON Strategy Co is a digital asset treasury and Web3 ecosystem company focused on supporting The Open Network, a public blockchain integrated with Telegram and designed for fast, scalable transactions and decentralized applications. Its core business is managing its holdings of Toncoin (TON), including staking tokens to support network validation and earn rewards, while adhering to regulatory, accounting, and risk management standards. The company also pursues Web3 initiatives to support the ecosystem's growth and adoption. It operates through MARKET. live, Go Fund Yourself, and TON segments, with MARKET.live generating maximum revenue as a multi-vendor livestream shopping platform that combines e-commerce and entertainment across social and video channels.

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$2.39

Price

$17.74

GF Value

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