ZBRA (Zebra Technologies) ROCE %: 12.35% (As of Mar. 2026)

What is Zebra Technologies ROCE %?

Zebra Technologies ZBRA +4.16% 80 ROCE % is 12.35% as of Mar. 2026. GuruFocus rates ZBRA with a GF Score™ of 80/100 and a GF Value™ of $334.13 (Modestly Undervalued). The stock has 6 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. Zebra Technologies's annualized ROCE % for the quarter that ended in Mar. 2026 was 12.35%.

Zebra Technologies (NAS:ZBRA) 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.

Zebra Technologies ROCE % Related Terms

Zebra Technologies ROCE % Historical Data

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The historical data trend for Zebra Technologies'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.

Zebra Technologies ROCE % Chart

Zebra Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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24.51

19.48

8.56

12.25

10.35

Zebra Technologies 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															11.95	10.30	11.37	8.24	12.35

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Zebra Technologies Corp ZBRA

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Zebra Technologies ROCE % Calculation

Zebra Technologies'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 )
	=	668	/	( ( (7968 - 1704)	+	(8502 - 1852) )	/ 2 )
	=	668	/	( (6264	+	6650)	/ 2 )
	=	668	/	6457
	=	10.35 %

Zebra Technologies'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 )
	=	816	/	( ( (8502 - 1852)	+	(8332 - 1763) )	/ 2 )
	=	816	/	( ( 6650	+	6569 )	/ 2 )
	=	816	/	6609.5
	=	12.35 %

(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 12.35% mean?

Zebra Technologies (ZBRA) has a ROCE % of 12.35% as of Mar. 2026.

Is Zebra Technologies' ROCE % too high?

Zebra Technologies' current ROCE % is 12.35%. The Hardware industry median ROCE % is 5.82. Zebra Technologies' value of 12.35% is 112.2% above this industry median. Overall, Zebra Technologies has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Zebra Technologies' ROCE % compare to VIAV and VSAT?

Zebra Technologies' ROCE % of 12.35% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.82. Zebra Technologies' value of 12.35% is 112.2% 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 Hardware company?

The median ROCE % among Hardware companies is 5.82, 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. Zebra Technologies's current ROCE % of 12.35% is 112.2% 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 Hardware industry, the median ROCE % is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zebra Technologies's current ROCE % is 12.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Zebra Technologies stock overvalued right now?

Based on GuruFocus' analysis, Zebra Technologies (ZBRA) is currently considered Modestly Undervalued. The stock's GF Value™ is $334.13, compared to a current price of $247.89 — trading 25.8% below its estimated fair value. The current ROCE % is 12.35% and 112.2% above the Hardware industry median of 5.82. Zebra Technologies' overall GF Score™ is 80/100 with 6 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 Zebra Technologies (ZBRA), the current ROCE % is 12.35% 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 Zebra Technologies (ZBRA) Overvalued in 2026?

Based on GuruFocus' analysis, Zebra Technologies stock appears to be undervalued. The current stock price of $247.89 is trading 25.8% below its estimated GF Value™ of $334.13. GuruFocus considers Zebra Technologies to be Modestly Undervalued.

Key valuation signals for ZBRA:

ROCE %: 12.35%
GF Value™: $334.13 vs. price of $247.89 (25.8% below fair value)
GF Score™: 80/100 with 6 warning signs
Industry Position: 112.2% above the Hardware median

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

Zebra Technologies Business Description

Industry Technology Hardware

Comparable Companies VIAV VSAT AAOI ONDS BDC EXTR VISN DGII HLIT ADTN CSCO SHSE:601138 SZSE:300308 SZSE:300502 CIEN OHEL:NOKIA MSI LITE HPE SZSE:300394

Other Exchanges ZBRA:Mexico 1ZBRA:Italy ZT1A:Germany Z1BR34:Brazil

Address 3 Overlook Point, Lincolnshire, IL, USA, 60069

Website https://www.zebra.com

Zebra Technologies is the largest provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.

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$247.89

Price

$334.13

GF Value

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