Applied Co (TSE:3020) ROCE %: 27.91% (As of Mar. 2026)

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TSE:3020 Applied Co Ltd TSE:3020
76 GF Score
Price 円4,075.00
GF Value 円3,153.59
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Applied Co ROCE %?

Applied Co TSE:3020 +0.12% 76 ROCE % is 27.91% as of Mar. 2026. GuruFocus rates TSE:3020 with a GF Score™ of 76/100 and a GF Value™ of 円3,153.59 (Modestly Overvalued). The stock has 1 warning sign 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. Applied Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 27.91%.

Applied Co  (TSE:3020) 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.

Applied Co ROCE % Related Terms

Applied Co ROCE % Historical Data

* Premium members only.

The historical data trend for Applied 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.

Applied Co ROCE % Chart

Applied Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.68 15.98 17.60 22.49 25.72

Applied Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 Premium Member Only Premium Member Only Premium Member Only 20.65 17.34 27.82 23.39 27.91
TSE:3020
76GF Score
Applied Co Ltd TSE:3020
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Applied Co ROCE % Calculation

Applied Co'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 )
=3472/( ( (20179 - 7504) + (21976 - 7657) )/ 2 )
=3472/( (12675+14319)/ 2 )
=3472/13497
=25.72 %

Applied 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: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=3882/( ( (21029 - 7526) + (21976 - 7657) )/ 2 )
=3882/( ( 13503 + 14319 )/ 2 )
=3882/13911
=27.91 %

(1) Note: The EBIT data used here is two times the semi-annual (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 27.91% mean?
Applied Co (TSE:3020) has a ROCE % of 27.91% as of Mar. 2026.
Is Applied Co's ROCE % too high?
Applied Co's current ROCE % is 27.91%. The Hardware industry median ROCE % is 5.87. Applied Co's value of 27.91% is 375.9% above this industry median. Overall, Applied Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Co's ROCE % compare to SNX and ARW?
Applied Co's ROCE % of 27.91% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.87. Applied Co's value of 27.91% is 375.9% 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 Hardware company?
The median ROCE % among Hardware companies is 5.87, based on 2,454 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. Applied Co's current ROCE % of 27.91% is 375.9% 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 Hardware industry, the median ROCE % is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Co's current ROCE % is 27.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Co stock overvalued right now?
Based on GuruFocus' analysis, Applied Co (TSE:3020) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,153.59, compared to a current price of 円4,075.00 — trading 29.2% above its estimated fair value. The current ROCE % is 27.91% and 375.9% above the Hardware industry median of 5.87. Applied Co's overall GF Score™ is 76/100 with 1 warning sign 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 Applied Co (TSE:3020), the current ROCE % is 27.91% 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 Applied Co (TSE:3020) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Co stock appears to be overvalued. The current stock price of 円4,075.00 is trading 29.2% above its estimated GF Value™ of 円3,153.59. GuruFocus considers Applied Co to be Modestly Overvalued.

Key valuation signals for TSE:3020:

  • ROCE %: 27.91%
  • GF Value™: 円3,153.59 vs. price of 円4,075.00 (29.2% above fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 375.9% above the Hardware median

No single metric tells the full story. See the TSE:3020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Applied Co Business Description

Address 3-3-1 Higashi-Hie, Hakata-ku, Fukuoka, JPN, 812-0007
Applied Co Ltd is engaged in contract development and maintenance of work WEB systems, digital development, content development for consumers, operation of a game shop, purchase and sale of used handsets, planning and development of technical services, and contract production of OEM products.
76GF Score

Get the complete analysis for TSE:3020

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

円4,075.00
Price
円3,153.59
GF Value