P-Duke Technology Co (ROCO:8109) ROIC %: 34.81% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:8109 P-Duke Technology Co Ltd ROCO:8109
82 GF Score
Price NT$129.50
GF Value NT$89.02
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is P-Duke Technology Co ROIC %?

P-Duke Technology Co ROCO:8109 +1.57% 82 ROIC % is 34.81% as of Dec. 2025. GuruFocus rates ROCO:8109 with a GF Score™ of 82/100 and a GF Value™ of NT$89.02 (Significantly Overvalued). The stock has 3 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. P-Duke Technology Co's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 34.81%.

As of today (2026-07-26), P-Duke Technology Co's WACC % is 2.65%. P-Duke Technology Co's ROIC % is 32.91% (calculated using TTM income statement data). P-Duke Technology Co generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.


P-Duke Technology Co  (ROCO:8109) 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, P-Duke Technology Co's WACC % is 2.65%. P-Duke Technology Co's ROIC % is 32.91% (calculated using TTM income statement data). P-Duke Technology Co generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.


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.


P-Duke Technology Co ROIC % Related Terms


P-Duke Technology Co ROIC % Historical Data

* Premium members only.

The historical data trend for P-Duke Technology Co's ROIC % 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.

P-Duke Technology Co ROIC % Chart

P-Duke Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.67 22.49 29.86 30.65 32.33

P-Duke Technology Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROIC % 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 26.46 29.87 33.77 33.56 34.81

ROCO:8109 vs VRT, BE: ROIC % Comparison

For the Electrical Equipment & Parts subindustry, P-Duke Technology Co'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.


P-Duke Technology Co ROIC % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, P-Duke Technology Co's ROIC % distribution charts can be found below:

* The bar in red indicates where P-Duke Technology Co's ROIC % falls into.


ROCO:8109
82GF Score
P-Duke Technology Co Ltd ROCO:8109
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

P-Duke Technology Co ROIC % Calculation

P-Duke Technology Co's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=604.641 * ( 1 - 19.68% )/( (1420.446 + 1583.577)/ 2 )
=485.6476512/1502.0115
=32.33 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3654.598 - 252.04 - ( 1982.112 - max(0, 320.894 - 2425.677+1982.112))
=1420.446

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3950.941 - 448.329 - ( 1919.035 - max(0, 503.709 - 2499.717+1919.035))
=1583.577

P-Duke Technology Co's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2025 is calculated as:

ROIC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=670.708 * ( 1 - 19.19% )/( (1530.236 + 1583.577)/ 2 )
=541.9991348/1556.9065
=34.81 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3719.935 - 370.048 - ( 1819.651 - max(0, 431.91 - 2285.795+1819.651))
=1530.236

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3950.941 - 448.329 - ( 1919.035 - max(0, 503.709 - 2499.717+1919.035))
=1583.577

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 34.81% mean?
P-Duke Technology Co (ROCO:8109) has a ROIC % of 34.81% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on P-Duke Technology Co and its competitors.
Is P-Duke Technology Co's ROIC % too high?
P-Duke Technology Co's current ROIC % is 34.81%. The Industrial Products industry median ROIC % is 5.17. P-Duke Technology Co's value of 34.81% is 573.3% above this industry median. Overall, P-Duke Technology Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does P-Duke Technology Co's ROIC % compare to VRT and BE?
P-Duke Technology Co's ROIC % of 34.81% can be compared against companies in the Industrial Products industry. The industry median ROIC % is 5.17. P-Duke Technology Co's value of 34.81% is 573.3% 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 an Industrial Products company?
The median ROIC % among Industrial Products companies is 5.17, based on 3,035 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. P-Duke Technology Co's current ROIC % of 34.81% is 573.3% 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 P-Duke Technology Co and its competitors. For the Industrial Products industry, the median ROIC % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. P-Duke Technology Co's current ROIC % is 34.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is P-Duke Technology Co stock overvalued right now?
Based on GuruFocus' analysis, P-Duke Technology Co (ROCO:8109) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$89.02, compared to a current price of NT$129.50 — trading 45.5% above its estimated fair value. The current ROIC % is 34.81% and 573.3% above the Industrial Products industry median of 5.17. P-Duke Technology Co's overall GF Score™ is 82/100 with 3 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 P-Duke Technology Co (ROCO:8109), the current ROIC % is 34.81% as of Dec. 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 P-Duke Technology Co (ROCO:8109) Overvalued in 2026?

Based on GuruFocus' analysis, P-Duke Technology Co stock appears to be overvalued. The current stock price of NT$129.50 is trading 45.5% above its estimated GF Value™ of NT$89.02. GuruFocus considers P-Duke Technology Co to be Significantly Overvalued.

Key valuation signals for ROCO:8109:

  • ROIC %: 34.81%
  • GF Value™: NT$89.02 vs. price of NT$129.50 (45.5% above fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 573.3% above the Industrial Products median

No single metric tells the full story. See the ROCO:8109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


P-Duke Technology Co Business Description

Address No 36, 22nd Road, Taichung Industrial Park, Nantun District, Taichung City, TWN, 40850
P-Duke Technology Co Ltd is engaged in the manufacture, processing and trading of various AC/DC power supplies, converters, telecommunications equipment, computer software and hardware and peripheral equipment and their components. The company owns, designs, and manufactures DC-DC converters & AC-DC power supplies business under the P-DUKE brand. Its product categories are AC-DC power supplies, converters, telecommunications equipment, computer software, and hardware peripheral equipment and their components.
82GF Score

Get the complete analysis for ROCO:8109

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

NT$129.50
Price
NT$89.02
GF Value