Shift (TSE:3697) ROCE %: 27.05% (As of Feb. 2026)

What is Shift ROCE %?

Shift TSE:3697 +0.49% 78 ROCE % is 27.05% as of Feb. 2026. GuruFocus rates TSE:3697 with a GF Score™ of 78/100 and a GF Value™ of 円1,723.44 (Significantly Undervalued). 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. Shift's annualized ROCE % for the quarter that ended in Feb. 2026 was 27.05%.

Shift (TSE:3697) 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.

Shift ROCE % Related Terms

Shift ROCE % Historical Data

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The historical data trend for Shift'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.

Shift ROCE % Chart

Shift Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Aug25

ROCE %

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22.53

27.59

34.07

24.47

29.02

Shift Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
ROCE %	Get a 7-Day Free Trial															37.31	26.61	29.37	21.44	27.05

78GF Score

Shift Inc TSE:3697

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

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Shift ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2025 )		(A: Aug. 2024 )		(A: Aug. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2025 )		(A: Aug. 2024 )		(A: Aug. 2025 )
	=	13791	/	( ( (62717 - 19653)	+	(77001 - 25028) )	/ 2 )
	=	13791	/	( (43064	+	51973)	/ 2 )
	=	13791	/	47518.5
	=	29.02 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	13604	/	( ( (79102 - 26076)	+	(80389 - 32829) )	/ 2 )
	=	13604	/	( ( 53026	+	47560 )	/ 2 )
	=	13604	/	50293
	=	27.05 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 27.05% mean?

Shift (TSE:3697) has a ROCE % of 27.05% as of Feb. 2026.

Is Shift's ROCE % too high?

Shift's current ROCE % is 27.05%. The Software industry median ROCE % is 5.27. Shift's value of 27.05% is 413.3% above this industry median. Overall, Shift has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Shift's ROCE % compare to CRM and SHOP?

Shift's ROCE % of 27.05% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. Shift's value of 27.05% is 413.3% 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 Software company?

The median ROCE % among Software companies is 5.27, based on 2,713 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. Shift's current ROCE % of 27.05% is 413.3% 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 Software industry, the median ROCE % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shift's current ROCE % is 27.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Shift stock overvalued right now?

Based on GuruFocus' analysis, Shift (TSE:3697) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,723.44, compared to a current price of 円617.00 — trading 64.2% below its estimated fair value. The current ROCE % is 27.05% and 413.3% above the Software industry median of 5.27. Shift's overall GF Score™ is 78/100 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 Shift (TSE:3697), the current ROCE % is 27.05% as of Feb. 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 Shift (TSE:3697) Overvalued in 2026?

Based on GuruFocus' analysis, Shift stock appears to be undervalued. The current stock price of 円617.00 is trading 64.2% below its estimated GF Value™ of 円1,723.44. GuruFocus considers Shift to be Significantly Undervalued.

Key valuation signals for TSE:3697:

ROCE %: 27.05%
GF Value™: 円1,723.44 vs. price of 円617.00 (64.2% below fair value)
GF Score™: 78/100 with 1 warning sign
Industry Position: 413.3% above the Software median

No single metric tells the full story. See the TSE:3697 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shift Business Description

Industry Technology Software

Comparable Companies TSE:3905 TSE:9759 TSE:4443 TSE:4478 TSE:3994 TSE:4776 TSE:4259 TSE:4071 TSE:5253 TSE:2492 XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW

Other Exchanges 7CZ:Germany

Address MASONIC 39 MT BUILDING, 2-4-5 Azabudai, Minato-ku, Tokyo, JPN, 106-0041

Website http://www.shiftinc.jp

Shift Inc provides software testing services. The company's solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services.

78GF Score

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

円617.00

Price

円1,723.44

GF Value

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