Micro-Star International Co (TPE:2377) ROCE %: 12.66% (As of Dec. 2025)


TPE:2377 Micro-Star International Co Ltd TPE:2377
87 GF Score
Price NT$131.50
GF Value NT$203.73
Valuation Possible Value Trap
! 5 Warning Signs
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What is Micro-Star International Co ROCE %?

Micro-Star International Co TPE:2377 -1.50% 87 ROCE % is 12.66% as of Dec. 2025. GuruFocus rates TPE:2377 with a GF Score™ of 87/100 and a GF Value™ of NT$203.73 (Possible Value Trap). The stock has 5 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. Micro-Star International Co's annualized ROCE % for the quarter that ended in Dec. 2025 was 12.66%.

Micro-Star International Co  (TPE:2377) 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.

Micro-Star International Co ROCE % Related Terms

Micro-Star International Co ROCE % Historical Data

* Premium members only.

The historical data trend for Micro-Star International 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.

Micro-Star International Co ROCE % Chart

Micro-Star International Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.19 25.42 18.35 16.28 12.34

Micro-Star International Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 4.78 9.80 14.25 13.80 12.66
TPE:2377
87GF Score
Micro-Star International Co Ltd TPE:2377
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Micro-Star International Co ROCE % Calculation

Micro-Star International 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 )
=7159.581/( ( (96620.482 - 42651.817) + (120954.606 - 58874.927) )/ 2 )
=7159.581/( (53968.665+62079.679)/ 2 )
=7159.581/58024.172
=12.34 %

Micro-Star International Co's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=7700.548/( ( (122592.42 - 63043.262) + (120954.606 - 58874.927) )/ 2 )
=7700.548/( ( 59549.158 + 62079.679 )/ 2 )
=7700.548/60814.4185
=12.66 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 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 12.66% mean?
Micro-Star International Co (TPE:2377) has a ROCE % of 12.66% as of Dec. 2025.
Is Micro-Star International Co's ROCE % too high?
Micro-Star International Co's current ROCE % is 12.66%. The Hardware industry median ROCE % is 5.83. Micro-Star International Co's value of 12.66% is 117.2% above this industry median. Overall, Micro-Star International Co has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Micro-Star International Co's ROCE % compare to DELL and SNDK?
Micro-Star International Co's ROCE % of 12.66% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. Micro-Star International Co's value of 12.66% is 117.2% 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 Hardware company?
The median ROCE % among Hardware companies is 5.83, based on 2,445 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. Micro-Star International Co's current ROCE % of 12.66% is 117.2% 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 Hardware industry, the median ROCE % is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micro-Star International Co's current ROCE % is 12.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro-Star International Co stock overvalued right now?
Based on GuruFocus' analysis, Micro-Star International Co (TPE:2377) is currently considered Possible Value Trap. The stock's GF Value™ is NT$203.73, compared to a current price of NT$131.50 — trading 35.5% below its estimated fair value. The current ROCE % is 12.66% and 117.2% above the Hardware industry median of 5.83. Micro-Star International Co's overall GF Score™ is 87/100 with 5 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 Micro-Star International Co (TPE:2377), the current ROCE % is 12.66% as of Dec. 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 Micro-Star International Co (TPE:2377) Overvalued in 2026?

Based on GuruFocus' analysis, Micro-Star International Co stock appears to be undervalued. The current stock price of NT$131.50 is trading 35.5% below its estimated GF Value™ of NT$203.73. GuruFocus considers Micro-Star International Co to be Possible Value Trap.

Key valuation signals for TPE:2377:

  • ROCE %: 12.66%
  • GF Value™: NT$203.73 vs. price of NT$131.50 (35.5% below fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 117.2% above the Hardware median

No single metric tells the full story. See the TPE:2377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Micro-Star International Co Business Description

Address No. 69, Lide Street, Zhonghe District, New Taipei, TWN, 235
Micro-Star International Co Ltd is a manufacturer and distributor of computer hardware products, particularly gaming laptops and hardware. The company has single reportable segment which is Computer and IT segment. Its other products include laptops, motherboards, graphics cards, all-in-one PCs, mobile workstations, barebone computers, servers, multimedia peripherals to vehicle infotainment solutions, smart cleaning robots, and Wi-Fi cameras. Geographically, it generates revenue from Asia, Europe, America and others.
87GF Score

Get the complete analysis for TPE:2377

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

NT$131.50
Price
NT$203.73
GF Value