CSIOF (Casio Computer Co) Degree of Operating Leverage : 21.68 (As of Mar. 2026)

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.

CSIOF Casio Computer Co Ltd CSIOF
68 GF Score
Price $11.74
GF Value $8.58
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Casio Computer Co Degree of Operating Leverage?

Casio Computer Co CSIOF 68 Degree of Operating Leverage is 21.68 as of Mar. 2026. GuruFocus rates CSIOF with a GF Score™ of 68/100 and a GF Value™ of $8.58 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,443 Hardware companies, Casio Computer Co ranks worse than 91.32% on this metric.

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. Casio Computer Co's Degree of Operating Leverage for the quarter that ended in Mar. 2026 was 21.68. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for Casio Computer Co's Degree of Operating Leverage or its related term are showing as below:

CSIOF's Degree of Operating Leverage is ranked worse than
91.32% of 2443 companies
in the Hardware industry
Industry Median: 0.97 vs CSIOF: 21.68

Casio Computer Co  (OTCPK:CSIOF) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


Casio Computer Co Degree of Operating Leverage Related Terms


Casio Computer Co Degree of Operating Leverage Historical Data

* Premium members only.

The historical data trend for Casio Computer Co's Degree of Operating Leverage 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.

Casio Computer Co Degree of Operating Leverage Chart

Casio Computer Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Degree of Operating Leverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.51 -5.73 2.59 12.22 21.68

Casio Computer Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Degree of Operating Leverage 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 12.22 13.04 -10.08 0.00 21.68

CSIOF vs AAPL: Degree of Operating Leverage Comparison

For the Consumer Electronics subindustry, Casio Computer Co's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.


Casio Computer Co Degree of Operating Leverage vs Hardware Industry

For the Hardware industry and Technology sector, Casio Computer Co's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where Casio Computer Co's Degree of Operating Leverage falls into.


CSIOF
68GF Score
Casio Computer Co Ltd CSIOF
Degree of Operating Leverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Casio Computer Co Degree of Operating Leverage Calculation

Casio Computer Co's Degree of Operating Leverage for the quarter that ended in Mar. 2026 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( 168.752 (Mar. 2026) / 81.593 (Mar. 2025) - 1 )/( 1741.003 (Mar. 2026) / 1756.08 (Mar. 2025) - 1 )
=1.0682/-0.0086
=-124.42***

* 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.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

What does a Degree of Operating Leverage of 21.68 mean?
Casio Computer Co (CSIOF) has a Degree of Operating Leverage of 21.68 as of Mar. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Casio Computer Co and its competitors. According to the industry distribution chart, Casio Computer Co ranks #2231 out of 2443 companies in the Hardware industry, placing it in the top 91.3%.
Is Casio Computer Co's Degree of Operating Leverage too high?
Casio Computer Co's current Degree of Operating Leverage is 21.68. The Hardware industry median Degree of Operating Leverage is 0.97. Casio Computer Co's value of 21.68 is 2135.1% above this industry median. Based on the distribution chart, Casio Computer Co ranks #2231 out of 2443 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Casio Computer Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Casio Computer Co's Degree of Operating Leverage compare to AAPL?
According to the Hardware industry distribution chart, Casio Computer Co ranks #2231 out of 2443 companies for Degree of Operating Leverage. This places Casio Computer Co in the lower half of its industry. The industry median Degree of Operating Leverage is 0.97. Casio Computer Co's value of 21.68 is 2135.1% 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 Degree of Operating Leverage for a Hardware company?
The median Degree of Operating Leverage among Hardware companies is 0.97, based on 2,443 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Casio Computer Co's current Degree of Operating Leverage of 21.68 is 2135.1% 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Casio Computer Co and its competitors. For the Hardware industry, the median Degree of Operating Leverage is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Casio Computer Co's current Degree of Operating Leverage is 21.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Casio Computer Co stock overvalued right now?
Based on GuruFocus' analysis, Casio Computer Co (CSIOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.58, compared to a current price of $11.74 — trading 36.8% above its estimated fair value. The current Degree of Operating Leverage is 21.68 and 2135.1% above the Hardware industry median of 0.97. Casio Computer Co's overall GF Score™ is 68/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Casio Computer Co (CSIOF), the current Degree of Operating Leverage is 21.68 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 Casio Computer Co (CSIOF) Overvalued in 2026?

Based on GuruFocus' analysis, Casio Computer Co stock appears to be overvalued. The current stock price of $11.74 is trading 36.8% above its estimated GF Value™ of $8.58. GuruFocus considers Casio Computer Co to be Significantly Overvalued.

Key valuation signals for CSIOF:

  • Degree of Operating Leverage: 21.68
  • GF Value™: $8.58 vs. price of $11.74 (36.8% above fair value)
  • GF Score™: 68/100 with 1 warning sign
  • Industry Position: 2135.1% above the Hardware median (#2231 of 2443)

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


Casio Computer Co Business Description

Address 1-6-2 Honmachi, Shibuya-ku, Tokyo, JPN, 151-8543
Casio Computer is well known as a watch and calculator manufacturer. Casio, founded in 1957, has cultivated the consumer electronics market by inventing distinctive products. Milestones in its history include the Casio Mini (1972), the world's first personal electronic calculator; G-Shock (1983), a shock-resistant wristwatch; and QV-10 (1995), the world's first digital camera with an LCD display. About two thirds of its revenue and most of its profits are from the timepieces segment.
68GF Score

Get the complete analysis for CSIOF

Degree of Operating Leverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.74
Price
$8.58
GF Value