VHC (VirnetX Holding) ROCE %: -67.19% (As of Mar. 2026)

What is VirnetX Holding ROCE %?

VirnetX Holding VHC -2.92% 50 ROCE % is -67.19% as of Mar. 2026. GuruFocus rates VHC with a GF Score™ of 50/100 and a GF Value™ of $86.18 (Possible Value Trap). The stock has 5 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. VirnetX Holding's annualized ROCE % for the quarter that ended in Mar. 2026 was -67.19%.

VirnetX Holding (NAS:VHC) 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.

VirnetX Holding ROCE % Related Terms

VirnetX Holding ROCE % Historical Data

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The historical data trend for VirnetX Holding'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.

VirnetX Holding ROCE % Chart

VirnetX Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-23.99

-13.07

-29.75

-40.16

-53.02

VirnetX Holding 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															-37.83	-38.00	-43.74	-83.82	-67.19

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VirnetX Holding Corp VHC

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VirnetX Holding ROCE % Calculation

VirnetX Holding's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	-18.94	/	( ( (49.609 - 7.195)	+	(31.062 - 2.025) )	/ 2 )
	=	-18.94	/	( (42.414	+	29.037)	/ 2 )
	=	-18.94	/	35.7255
	=	-53.02 %

VirnetX Holding'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 )
	=	-18.032	/	( ( (31.062 - 2.025)	+	(26.693 - 2.059) )	/ 2 )
	=	-18.032	/	( ( 29.037	+	24.634 )	/ 2 )
	=	-18.032	/	26.8355
	=	-67.19 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -67.19% mean?

VirnetX Holding (VHC) has a ROCE % of -67.19% as of Mar. 2026.

Is VirnetX Holding's ROCE % too high?

VirnetX Holding's current ROCE % is -67.19%. Overall, VirnetX Holding has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does VirnetX Holding's ROCE % compare to AGPU and SKYA?

VirnetX Holding's ROCE % of -67.19% can be compared against companies in the Software industry. The industry median ROCE % is 5.28. 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 5.28, based on 2,711 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 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VirnetX Holding's current ROCE % is -67.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is VirnetX Holding stock overvalued right now?

Based on GuruFocus' analysis, VirnetX Holding (VHC) is currently considered Possible Value Trap. The stock's GF Value™ is $86.18, compared to a current price of $11.98 — trading 86.1% below its estimated fair value. The current ROCE % is -67.19%. VirnetX Holding's overall GF Score™ is 50/100 with 5 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 VirnetX Holding (VHC), the current ROCE % is -67.19% 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 VirnetX Holding (VHC) Overvalued in 2026?

Based on GuruFocus' analysis, VirnetX Holding stock appears to be undervalued. The current stock price of $11.98 is trading 86.1% below its estimated GF Value™ of $86.18. GuruFocus considers VirnetX Holding to be Possible Value Trap.

Key valuation signals for VHC:

ROCE %: -67.19%
GF Value™: $86.18 vs. price of $11.98 (86.1% below fair value)
GF Score™: 50/100 with 5 warning signs

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

VirnetX Holding Business Description

Industry Technology Software

Comparable Companies AGPU SKYA RMXI MLGO WETO WHEN LIDR ROC BNAI AVX MSFT ORCL PLTR PANW CRWD FTNT SNPS HKSE:02513 NET CRWV

Other Exchanges VN20:Germany

Address 308 Dorla Court, Suite 206, Zephyr Cove, NV, USA, 89448

Website https://www.virnetx.com

VirnetX Holding Corp is engaged in the business of commercializing a portfolio of patents. It is an Internet security software and technology company with patented technology for secure communications. Its software and technology solutions, including its Secure Domain Name Registry and Technology, VirnetX One, War Room, VirnetX Matrix, and GABRIEL Connection Technology, are designed to be device and location-independent, and enable a secure real-time communication environment for all types of enterprise applications, services and critical infrastructures.

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$11.98

Price

$86.18

GF Value

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