Morpho (TSE:3653) ROCE %: -39.35% (As of Apr. 2026)

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TSE:3653 Morpho Inc TSE:3653
57 GF Score
Price 円628.00
GF Value 円1,460.13
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Morpho ROCE %?

Morpho TSE:3653 57 ROCE % is -39.35% as of Apr. 2026. GuruFocus rates TSE:3653 with a GF Score™ of 57/100 and a GF Value™ of 円1,460.13 (Significantly Undervalued). 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. Morpho's annualized ROCE % for the quarter that ended in Apr. 2026 was -39.35%.

Morpho  (TSE:3653) 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.

Morpho ROCE % Related Terms

Morpho ROCE % Historical Data

* Premium members only.

The historical data trend for Morpho'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.

Morpho ROCE % Chart

Morpho Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -18.55 -15.85 -7.80 8.71 2.05

Morpho Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 8.74 8.85 -7.19 11.36 -39.35
TSE:3653
57GF Score
Morpho Inc TSE:3653
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Morpho ROCE % Calculation

Morpho's annualized ROCE % for the fiscal year that ended in Oct. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=75.027/( ( (4262.503 - 608.742) + (4146.046 - 467.725) )/ 2 )
=75.027/( (3653.761+3678.321)/ 2 )
=75.027/3666.041
=2.05 %

Morpho's ROCE % of for the quarter that ended in Apr. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Apr. 2026 )  (Q: Oct. 2025 )(Q: Apr. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Apr. 2026 )  (Q: Oct. 2025 )(Q: Apr. 2026 )
=-1315.198/( ( (4146.046 - 467.725) + (3456.729 - 449.937) )/ 2 )
=-1315.198/( ( 3678.321 + 3006.792 )/ 2 )
=-1315.198/3342.5565
=-39.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Apr. 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 -39.35% mean?
Morpho (TSE:3653) has a ROCE % of -39.35% as of Apr. 2026.
Is Morpho's ROCE % too high?
Morpho's current ROCE % is -39.35%. Overall, Morpho has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morpho's ROCE % compare to UBER and SHOP?
Morpho's ROCE % of -39.35% can be compared against companies in the Software industry. The industry median ROCE % is 5.29. 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 5.29, based on 2,717 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 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morpho's current ROCE % is -39.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morpho stock overvalued right now?
Based on GuruFocus' analysis, Morpho (TSE:3653) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,460.13, compared to a current price of 円628.00 — trading 57% below its estimated fair value. The current ROCE % is -39.35%. Morpho's overall GF Score™ is 57/100 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 Morpho (TSE:3653), the current ROCE % is -39.35% as of Apr. 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 Morpho (TSE:3653) Overvalued in 2026?

Based on GuruFocus' analysis, Morpho stock appears to be undervalued. The current stock price of 円628.00 is trading 57% below its estimated GF Value™ of 円1,460.13. GuruFocus considers Morpho to be Significantly Undervalued.

Key valuation signals for TSE:3653:

  • ROCE %: -39.35%
  • GF Value™: 円1,460.13 vs. price of 円628.00 (57% below fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the TSE:3653 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Morpho Business Description

Address 2-2-1 Kanda-Nishikicho, 11th Floor, Kanda Sqaure, Chiyoda-ku, Tokyo, JPN, 101-0054
Morpho Inc is engaged in the research and development of image processing technology, product development, and licensing.
57GF Score

Get the complete analysis for TSE:3653

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

円628.00
Price
円1,460.13
GF Value