AMAX Holding Co (TPE:6933) ROCE %: 10.72% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:6933 AMAX Holding Co Ltd TPE:6933
62 GF Score
Price NT$150.00
GF Value NT$222.40
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is AMAX Holding Co ROCE %?

AMAX Holding Co TPE:6933 +9.09% 62 ROCE % is 10.72% as of Mar. 2026. GuruFocus rates TPE:6933 with a GF Score™ of 62/100 and a GF Value™ of NT$222.40 (Significantly Undervalued). 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. AMAX Holding Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.72%.


AMAX Holding Co  (TPE:6933) 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.


AMAX Holding Co ROCE % Related Terms


AMAX Holding Co ROCE % Historical Data

* Premium members only.

The historical data trend for AMAX Holding 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.

AMAX Holding Co ROCE % Chart

AMAX Holding Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial 30.17 24.01 19.43 8.74 11.87

AMAX Holding Co Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.36 30.78 4.38 11.69 10.72
TPE:6933
62GF Score
AMAX Holding Co Ltd TPE:6933
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AMAX Holding Co ROCE % Calculation

AMAX Holding 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 )
=289.314/( ( (4235.55 - 1824.208) + (3994.955 - 1530.781) )/ 2 )
=289.314/( (2411.342+2464.174)/ 2 )
=289.314/2437.758
=11.87 %

AMAX Holding 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 )
=268.512/( ( (3994.955 - 1530.781) + (5403.999 - 2858.081) )/ 2 )
=268.512/( ( 2464.174 + 2545.918 )/ 2 )
=268.512/2505.046
=10.72 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 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 10.72% mean?
AMAX Holding Co (TPE:6933) has a ROCE % of 10.72% as of Mar. 2026.
Is AMAX Holding Co's ROCE % too high?
AMAX Holding Co's current ROCE % is 10.72%. The Hardware industry median ROCE % is 5.86. AMAX Holding Co's value of 10.72% is 83.1% above this industry median. Overall, AMAX Holding Co has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AMAX Holding Co's ROCE % compare to DELL and ANET?
AMAX Holding Co's ROCE % of 10.72% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.86. AMAX Holding Co's value of 10.72% is 83.1% 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 5.86, based on 2,452 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. AMAX Holding Co's current ROCE % of 10.72% is 83.1% 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 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AMAX Holding Co's current ROCE % is 10.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMAX Holding Co stock overvalued right now?
Based on GuruFocus' analysis, AMAX Holding Co (TPE:6933) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$222.40, compared to a current price of NT$150.00 — trading 32.6% below its estimated fair value. The current ROCE % is 10.72% and 83.1% above the Hardware industry median of 5.86. AMAX Holding Co's overall GF Score™ is 62/100 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 AMAX Holding Co (TPE:6933), the current ROCE % is 10.72% 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 AMAX Holding Co (TPE:6933) Overvalued in 2026?

Based on GuruFocus' analysis, AMAX Holding Co stock appears to be undervalued. The current stock price of NT$150.00 is trading 32.6% below its estimated GF Value™ of NT$222.40. GuruFocus considers AMAX Holding Co to be Significantly Undervalued.

Key valuation signals for TPE:6933:

  • ROCE %: 10.72%
  • GF Value™: NT$222.40 vs. price of NT$150.00 (32.6% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 83.1% above the Hardware median

No single metric tells the full story. See the TPE:6933 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AMAX Holding Co Business Description

Address Nanjing East Road, Section 2, 14th floor, No. 137, Zhongshan District, Taipei, TWN
AMAX Holding Co Ltd is mainly engaged in the research, development, manufacture and sales of the cloud and data center as well as the high performance computing (HPC) sever and its peripheral equipment and providing extensible custom cluster as well as relevant system solution and customised service. The group has only one reportable operating segment. The company has presence in Asia, United States, Europe. Its product portfolio includes Al Edge Server, Al Workstation, Liquid Cooled Rack, AMAX RackScale, Al Data Center. Its services are Original Equipment Manufacturing, Cooling Design, HPC System Design, ISO and Compliance, Cluster Architecture, GPU Test Drive, Professional Services, HostMax Al-Ready Hosting Facility and solutions are Al Data Center Solutions, Al Edge Solutions, etc.
62GF Score

Get the complete analysis for TPE:6933

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

NT$150.00
Price
NT$222.40
GF Value