Shindengen Electric Manufacturing Co (TSE:6844) ROCE %: 0.47% (As of Mar. 2026)


TSE:6844 Shindengen Electric Manufacturing Co Ltd TSE:6844
75 GF Score
Price 円4,050.00
GF Value 円3,348.02
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Shindengen Electric Manufacturing Co ROCE %?

Shindengen Electric Manufacturing Co TSE:6844 -3.11% 75 ROCE % is 0.47% as of Mar. 2026. GuruFocus rates TSE:6844 with a GF Score™ of 75/100 and a GF Value™ of 円3,348.02 (Modestly Overvalued). The stock has 7 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. Shindengen Electric Manufacturing Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 0.47%.

Shindengen Electric Manufacturing Co  (TSE:6844) 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.

Shindengen Electric Manufacturing Co ROCE % Related Terms

Shindengen Electric Manufacturing Co ROCE % Historical Data

* Premium members only.

The historical data trend for Shindengen Electric Manufacturing 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.

Shindengen Electric Manufacturing Co ROCE % Chart

Shindengen Electric Manufacturing 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 7.02 4.10 1.64 -1.26 6.69

Shindengen Electric Manufacturing Co 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 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 -6.81 7.31 4.21 14.37 0.47
TSE:6844
75GF Score
Shindengen Electric Manufacturing Co Ltd TSE:6844
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shindengen Electric Manufacturing Co ROCE % Calculation

Shindengen Electric Manufacturing 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 )
=7275/( ( (136496 - 30920) + (144652 - 32873) )/ 2 )
=7275/( (105576+111779)/ 2 )
=7275/108677.5
=6.69 %

Shindengen Electric Manufacturing 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: 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 )
=532/( ( (147709 - 33632) + (144652 - 32873) )/ 2 )
=532/( ( 114077 + 111779 )/ 2 )
=532/112928
=0.47 %

(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 0.47% mean?
Shindengen Electric Manufacturing Co (TSE:6844) has a ROCE % of 0.47% as of Mar. 2026.
Is Shindengen Electric Manufacturing Co's ROCE % too high?
Shindengen Electric Manufacturing Co's current ROCE % is 0.47%. The Hardware industry median ROCE % is 5.83. Shindengen Electric Manufacturing Co's value of 0.47% is 91.9% below this industry median. Overall, Shindengen Electric Manufacturing Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shindengen Electric Manufacturing Co's ROCE % compare to APH and GLW?
Shindengen Electric Manufacturing Co's ROCE % of 0.47% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. Shindengen Electric Manufacturing Co's value of 0.47% is 91.9% below 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 5.83, based on 2,445 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. Shindengen Electric Manufacturing Co's current ROCE % of 0.47% is 91.9% below 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 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shindengen Electric Manufacturing Co's current ROCE % is 0.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shindengen Electric Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co (TSE:6844) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,348.02, compared to a current price of 円4,050.00 — trading 21% above its estimated fair value. The current ROCE % is 0.47% and 91.9% below the Hardware industry median of 5.83. Shindengen Electric Manufacturing Co's overall GF Score™ is 75/100 with 7 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 Shindengen Electric Manufacturing Co (TSE:6844), the current ROCE % is 0.47% 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 Shindengen Electric Manufacturing Co (TSE:6844) Overvalued in 2026?

Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co stock appears to be overvalued. The current stock price of 円4,050.00 is trading 21% above its estimated GF Value™ of 円3,348.02. GuruFocus considers Shindengen Electric Manufacturing Co to be Modestly Overvalued.

Key valuation signals for TSE:6844:

  • ROCE %: 0.47%
  • GF Value™: 円3,348.02 vs. price of 円4,050.00 (21% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 91.9% below the Hardware median

No single metric tells the full story. See the TSE:6844 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shindengen Electric Manufacturing Co Business Description

Address New-Ohtemachi Building, 2-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004
Shindengen Electric Manufacturing Co Ltd is an electronics manufacturer that develops, manufactures and sells high-efficiency, low-noise semiconductors as well as car electronics and power system products. The company's business is organized into three reportable segments: Device business, Car Electronics business and Next Generation Energy business. It earns majority of the revenue from Car Electronics business. Shindengen has its operations in Japan, Indonesia, Asia, and other areas.
75GF Score

Get the complete analysis for TSE:6844

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

円4,050.00
Price
円3,348.02
GF Value