Topcon (TSE:7732) ROCE %: 0.47% (As of Sep. 2025)

What is Topcon ROCE %?

Topcon TSE:7732 57 ROCE % is 0.47% as of Sep. 2025. GuruFocus rates TSE:7732 with a GF Score™ of 57/100 and a GF Value™ of 円1,799.46. The stock has 9 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. Topcon's annualized ROCE % for the quarter that ended in Sep. 2025 was 0.47%.

Topcon (TSE:7732) 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.

Topcon ROCE % Related Terms

Topcon ROCE % Historical Data

* Premium members only.

The historical data trend for Topcon'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.

Topcon ROCE % Chart

Topcon Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

ROCE %

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5.20

12.57

13.12

4.34

2.88

Topcon Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25
ROCE %	Get a 7-Day Free Trial															3.54	-5.81	13.67	-4.32	0.47

57GF Score

Topcon Corp TSE:7732

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

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Topcon ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2025 )		(A: Mar. 2024 )		(A: Mar. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2025 )		(A: Mar. 2024 )		(A: Mar. 2025 )
	=	4721	/	( ( (247029 - 73123)	+	(249144 - 95293) )	/ 2 )
	=	4721	/	( (173906	+	153851)	/ 2 )
	=	4721	/	163878.5
	=	2.88 %

Topcon's ROCE % of for the quarter that ended in Sep. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2025 )		(Q: Jun. 2025 )		(Q: Sep. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2025 )		(Q: Jun. 2025 )		(Q: Sep. 2025 )
	=	660	/	( ( (256328 - 114228)	+	(259930 - 120434) )	/ 2 )
	=	660	/	( ( 142100	+	139496 )	/ 2 )
	=	660	/	140798
	=	0.47 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 0.47% mean?

Topcon (TSE:7732) has a ROCE % of 0.47% as of Sep. 2025.

Is Topcon's ROCE % too high?

Topcon's current ROCE % is 0.47%. The Hardware industry median ROCE % is 5.81. Topcon's value of 0.47% is 91.9% below this industry median. Overall, Topcon has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.

How does Topcon's ROCE % compare to GRMN and KEYS?

Topcon's ROCE % of 0.47% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.81. Topcon'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 5.81, 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. Topcon'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 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topcon'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 Topcon stock overvalued right now?

Topcon (TSE:7732) has a current ROCE % of 0.47%. The stock's GF Value™ is 円1,799.46, compared to a current price of 円3,280.00 — trading 82.3% above its estimated fair value. The current ROCE % is 0.47% and 91.9% below the Hardware industry median of 5.81. Topcon's overall GF Score™ is 57/100 with 9 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 Topcon (TSE:7732), the current ROCE % is 0.47% as of Sep. 2025. 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 Topcon (TSE:7732) Overvalued in 2026?

Based on GuruFocus' analysis, Topcon stock appears to be overvalued. The current stock price of 円3,280.00 is trading 82.3% above its estimated GF Value™ of 円1,799.46.

Key valuation signals for TSE:7732:

ROCE %: 0.47%
GF Value™: 円1,799.46 vs. price of 円3,280.00 (82.3% above fair value)
GF Score™: 57/100 with 9 warning signs
Industry Position: 91.9% below the Hardware median

No single metric tells the full story. See the TSE:7732 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Topcon Business Description

Industry Technology Hardware

Comparable Companies TSE:6754 TSE:6436 TSE:6814 TSE:6951 TSE:268A TSE:6957 TSE:6777 TSE:7721 TSE:6856 TSE:6866 TSE:6861 GRMN KEYS OSTO:HEXA B COHR TDY TRMB FTV TPE:2360 MKSI

Address 75-1 Hasunuma-cho, Itabashi-ku, Tokyo, JPN, 174-8580

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

Topcon Corp sells ophthalmic instruments, medical equipment, machine control systems, and GPS-related products. Its operations are structured around three main areas: the Positioning Business, Eye Care Business, and Other. The Positioning division handles products such as total stations, 3D laser scanners, ICT automated construction systems, IT agricultural systems, GNSS receivers for surveying, laser equipment, and software for construction and civil engineering. The Eye Care division provides 3D fundus imaging devices, fundus cameras, auto and kerato refractors, slit lamps, tonometers, lens meters, ophthalmic laser systems, and related software for image management and electronic medical records.

57GF Score

Get the complete analysis for TSE:7732

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

円3,280.00

Price

円1,799.46

GF Value

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