SmartDrive (TSE:5137) ROCE %: 25.28% (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.

TSE:5137 SmartDrive inc TSE:5137
65 GF Score
Price 円207.00
GF Value 円569.95
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is SmartDrive ROCE %?

SmartDrive TSE:5137 -2.36% 65 ROCE % is 25.28% as of Mar. 2026. GuruFocus rates TSE:5137 with a GF Score™ of 65/100 and a GF Value™ of 円569.95 (Significantly Undervalued). The stock has 3 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. SmartDrive's annualized ROCE % for the quarter that ended in Mar. 2026 was 25.28%.

SmartDrive  (TSE:5137) 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.

SmartDrive ROCE % Related Terms

SmartDrive ROCE % Historical Data

* Premium members only.

The historical data trend for SmartDrive'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.

SmartDrive ROCE % Chart

SmartDrive Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROCE %
Get a 7-Day Free Trial -41.13 -33.71 -2.81 14.90 23.88

SmartDrive Quarterly Data
Sep20 Sep21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 29.43 28.88 22.46 25.28
TSE:5137
65GF Score
SmartDrive inc TSE:5137
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SmartDrive ROCE % Calculation

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

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=359.814/( ( (1862.327 - 555.74) + (2394.153 - 687.176) )/ 2 )
=359.814/( (1306.587+1706.977)/ 2 )
=359.814/1506.782
=23.88 %

SmartDrive'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 )
=615.548/( ( (2504.163 - 725.728) + (4286.305 - 1195.556) )/ 2 )
=615.548/( ( 1778.435 + 3090.749 )/ 2 )
=615.548/2434.592
=25.28 %

(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 25.28% mean?
SmartDrive (TSE:5137) has a ROCE % of 25.28% as of Mar. 2026.
Is SmartDrive's ROCE % too high?
SmartDrive's current ROCE % is 25.28%. The Software industry median ROCE % is 5.33. SmartDrive's value of 25.28% is 374.7% above this industry median. Overall, SmartDrive has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SmartDrive's ROCE % compare to MSFT and ORCL?
SmartDrive's ROCE % of 25.28% can be compared against companies in the Software industry. The industry median ROCE % is 5.33. SmartDrive's value of 25.28% is 374.7% 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 5.33, based on 2,726 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. SmartDrive's current ROCE % of 25.28% is 374.7% 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 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SmartDrive's current ROCE % is 25.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SmartDrive stock overvalued right now?
Based on GuruFocus' analysis, SmartDrive (TSE:5137) is currently considered Significantly Undervalued. The stock's GF Value™ is 円569.95, compared to a current price of 円207.00 — trading 63.7% below its estimated fair value. The current ROCE % is 25.28% and 374.7% above the Software industry median of 5.33. SmartDrive's overall GF Score™ is 65/100 with 3 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 SmartDrive (TSE:5137), the current ROCE % is 25.28% 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 SmartDrive (TSE:5137) Overvalued in 2026?

Based on GuruFocus' analysis, SmartDrive stock appears to be undervalued. The current stock price of 円207.00 is trading 63.7% below its estimated GF Value™ of 円569.95. GuruFocus considers SmartDrive to be Significantly Undervalued.

Key valuation signals for TSE:5137:

  • ROCE %: 25.28%
  • GF Value™: 円569.95 vs. price of 円207.00 (63.7% below fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 374.7% above the Software median

No single metric tells the full story. See the TSE:5137 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SmartDrive Business Description

Address 1-1-2 Yuraku-cho, 12th Floor, Hibiya Mitsui Tower, Chiyoda-ku, Tokyo, JPN, 100-0006
SmartDrive inc is engaged in the development and provision of hardware, applications, telematics services, etc., and data collection and analysis for the mobility sector. It is promoting mobility data, GPS data (latitude and longitude, GPS speed, GPS accuracy), acceleration, and other technologies both in Japan and overseas. The group mainly operates the following businesses: Domestic Fleet Operator (DX) for companies that utilize cars, Domestic AO (DX) in the automotive industry, and Overseas Mobility DX Business. It offers cloud-based vehicle management systems, digital transformation (DX) services for vehicle-related operations, and a mobile data platform to analyze the data obtained from various devices such as dashcams and GPS trackers, and use it for various mobility services.
65GF Score

Get the complete analysis for TSE:5137

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

円207.00
Price
円569.95
GF Value