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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Gloria Material Technology's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 3.50%.
As of today (2026-07-26), Gloria Material Technology's WACC % is 3.55%. Gloria Material Technology's ROIC % is 2.67% (calculated using TTM income statement data).
Gloria Material Technology earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Gloria Material Technology (ROCO:5009) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Gloria Material Technology's WACC % is 3.55%. Gloria Material Technology's ROIC % is 2.67% (calculated using TTM income statement data).
Gloria Material Technology earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
* 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.
For the Steel subindustry, Gloria Material Technology's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Gloria Material Technology ROIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Gloria Material Technology's ROIC % distribution charts can be found below:
* The bar in red indicates where Gloria Material Technology's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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.
Gloria Material Technology (ROCO:5009) has a ROIC % of 3.50% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Gloria Material Technology and its competitors.
Is Gloria Material Technology's ROIC % too high?
Gloria Material Technology's current ROIC % is 3.50%. The Steel industry median ROIC % is 2.52. Gloria Material Technology's value of 3.50% is 38.9% above this industry median. Overall, Gloria Material Technology has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gloria Material Technology's ROIC % compare to NUE and STLD?
Gloria Material Technology's ROIC % of 3.50% can be compared against companies in the Steel industry. The industry median ROIC % is 2.52. Gloria Material Technology's value of 3.50% is 38.9% 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 ROIC % for a Steel company?
The median ROIC % among Steel companies is 2.52, based on 621 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gloria Material Technology's current ROIC % of 3.50% is 38.9% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Gloria Material Technology and its competitors. For the Steel industry, the median ROIC % is 2.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gloria Material Technology's current ROIC % is 3.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gloria Material Technology stock overvalued right now?
Based on GuruFocus' analysis, Gloria Material Technology (ROCO:5009) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$36.86, compared to a current price of NT$33.30 — trading 9.7% below its estimated fair value. The current ROIC % is 3.50% and 38.9% above the Steel industry median of 2.52. Gloria Material Technology's overall GF Score™ is 69/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Gloria Material Technology (ROCO:5009), the current ROIC % is 3.50% 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 Gloria Material Technology (ROCO:5009) Overvalued in 2026?
Based on GuruFocus' analysis, Gloria Material Technology stock appears to be undervalued.
The current stock price of NT$33.30 is trading 9.7% below its estimated GF Value™ of NT$36.86.
GuruFocus considers Gloria Material Technology to be Modestly Undervalued.
Key valuation signals for ROCO:5009:
ROIC %: 3.50%
GF Value™: NT$36.86 vs. price of NT$33.30 (9.7% below fair value)
No single metric tells the full story. See the ROCO:5009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gloria Material Technology Corp is mainly engaged in the production and sale of special steel, carbon steel, alloy steel, super alloy, and the smelting of the raw materials of these products. It provides various quality materials such as Superalloy, Titanium Alloy, High Speed Steel, Tool Steel, Stainless Steel, various ESR, VAR materials, and Quenched-Tempered Steel, and has various steel grades. Its product shapes are focused on Round bars and Square bars. The company's products include: Stainless steel, Alloy tool steel, alloy steel, carbon steel, and Super Alloy. The Group's reportable segments were as follows: The Company, Golden Win International Corp, Golden Win Steel Industrial Corp, All Win Enterprises Ltd, and others.
69GF Score
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