Macnica Holdings (TSE:3132) ROCE %: 20.35% (As of Mar. 2026)

What is Macnica Holdings ROCE %?

Macnica Holdings TSE:3132 -4.36% 90 ROCE % is 20.35% as of Mar. 2026. GuruFocus rates TSE:3132 with a GF Score™ of 90/100 and a GF Value™ of 円2,537.08 (Modestly 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. Macnica Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 20.35%.

Macnica Holdings (TSE:3132) 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.

Macnica Holdings ROCE % Related Terms

Macnica Holdings ROCE % Historical Data

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The historical data trend for Macnica Holdings'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.

Macnica Holdings ROCE % Chart

Macnica Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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20.64

28.58

28.39

15.02

14.80

Macnica Holdings 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															8.79	8.71	15.13	15.47	20.35

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Macnica Holdings Inc TSE:3132

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Macnica Holdings ROCE % Calculation

Macnica Holdings'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 )
	=	41034	/	( ( (556438 - 293061)	+	(700887 - 409570) )	/ 2 )
	=	41034	/	( (263377	+	291317)	/ 2 )
	=	41034	/	277347
	=	14.80 %

Macnica Holdings'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 )
	=	58208	/	( ( (652004 - 371147)	+	(700887 - 409570) )	/ 2 )
	=	58208	/	( ( 280857	+	291317 )	/ 2 )
	=	58208	/	286087
	=	20.35 %

(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 20.35% mean?

Macnica Holdings (TSE:3132) has a ROCE % of 20.35% as of Mar. 2026.

Is Macnica Holdings' ROCE % too high?

Macnica Holdings' current ROCE % is 20.35%. The Hardware industry median ROCE % is 5.81. Macnica Holdings' value of 20.35% is 250.3% above this industry median. Overall, Macnica Holdings has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Macnica Holdings' ROCE % compare to SNX and ARW?

Macnica Holdings' ROCE % of 20.35% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.81. Macnica Holdings' value of 20.35% is 250.3% 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 5.81, based on 2,449 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. Macnica Holdings's current ROCE % of 20.35% is 250.3% 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 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macnica Holdings's current ROCE % is 20.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Macnica Holdings stock overvalued right now?

Based on GuruFocus' analysis, Macnica Holdings (TSE:3132) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,537.08, compared to a current price of 円3,184.00 — trading 25.5% above its estimated fair value. The current ROCE % is 20.35% and 250.3% above the Hardware industry median of 5.81. Macnica Holdings' overall GF Score™ is 90/100 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 Macnica Holdings (TSE:3132), the current ROCE % is 20.35% 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 Macnica Holdings (TSE:3132) Overvalued in 2026?

Based on GuruFocus' analysis, Macnica Holdings stock appears to be overvalued. The current stock price of 円3,184.00 is trading 25.5% above its estimated GF Value™ of 円2,537.08. GuruFocus considers Macnica Holdings to be Modestly Overvalued.

Key valuation signals for TSE:3132:

ROCE %: 20.35%
GF Value™: 円2,537.08 vs. price of 円3,184.00 (25.5% above fair value)
GF Score™: 90/100 with 8 warning signs
Industry Position: 250.3% above the Hardware median

No single metric tells the full story. See the TSE:3132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Macnica Holdings Business Description

Industry Technology Hardware

Comparable Companies TSE:3107 TSE:9824 TSE:167A TSE:8137 TSE:6638 TSE:9880 TSE:8141 TSE:7537 TSE:8093 TSE:4420 SNX XPAR:RXL ARW SZSE:000938 AVT TPE:3702 TPE:2347 LSE:SCT SZSE:000062 SZSE:300975

Address 1-6-3 Shin-Yokohama, Macnica Building 1, Kohoku-ku, Yokohama, JPN, 222-8561

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

Macnica Holdings Inc is an independent electronics distribution company in Japan. The company imports, exports, and distributes electronic components such as semiconductor devices and Integrated Circuit (IC), and business accompanying or pertaining to such activities. Its business segments are the Integrated Circuit, Electronic Devices, and Other Business, and the Network Business. The IC, Electronic Devices, and Other Business handles the sales of products such as ICs and electronic devices, and the Network Business is responsible for the sales of network-related hardware, software, and services.

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円3,184.00

Price

円2,537.08

GF Value

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