Beable Co (TSE:604A) ROC %: 10.44% (As of Jan. 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.

TSE:604A Beable Co Ltd TSE:604A
9 GF Score
Price 円1,140.00
! 2 Warning Signs
View Full Analysis

What is Beable Co ROC %?

Beable Co TSE:604A +1.79% 9 ROC % is 10.44% as of Jan. 2026. GuruFocus rates TSE:604A with a GF Score™ of 9/100. The stock has 2 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Beable Co's annualized return on capital (ROC %) for the quarter that ended in Jan. 2026 was 10.44%.

As of today (2026-09-02), Beable Co's WACC % is 6.68%. Beable Co's ROC % is 5.22% (calculated using TTM income statement data). Beable Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Beable Co  (TSE:604A) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. 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 ROC % 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, Beable Co's WACC % is 6.68%. Beable Co's ROC % is 5.22% (calculated using TTM income statement data). Beable Co 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 %, ROC % 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.


Beable Co ROC % Related Terms


Beable Co ROC % Historical Data

* Premium members only.

The historical data trend for Beable Co's ROC % 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.

Beable Co ROC % Chart

Beable Co Annual Data
Trend Jul24 Jul25
ROC %
8.76 7.41

Beable Co Semi-Annual Data
Jul24 Jul25 Jan26
ROC % 0.00 0.00 10.44
TSE:604A
9GF Score
Beable Co Ltd TSE:604A
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beable Co ROC % Calculation

Beable Co's annualized Return on Capital (ROC %) for the fiscal year that ended in Jul. 2025 is calculated as:

ROC % (A: Jul. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jul. 2024 ) + Invested Capital (A: Jul. 2025 ))/ count )
=671.305 * ( 1 - 27.76% )/( (6295.293 + 6791.999)/ 2 )
=484.950732/6543.646
=7.41 %

where

Invested Capital(A: Jul. 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))
=8938.804 - 1057.657 - ( 1585.854 - max(0, 2358.694 - 4357.09+1585.854))
=6295.293

Invested Capital(A: Jul. 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))
=9578.63 - 1589.348 - ( 1197.283 - max(0, 2898.916 - 4383.884+1197.283))
=6791.999

Beable Co's annualized Return on Capital (ROC %) for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=1211.604 * ( 1 - 28.58% )/( (6791.999 + 9782.023)/ 2 )
=865.3275768/8287.011
=10.44 %

where

Invested Capital(Q: Jul. 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))
=9578.63 - 1589.348 - ( 1197.283 - max(0, 2898.916 - 4383.884+1197.283))
=6791.999

Invested Capital(Q: Jan. 2026 )
=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))
=12076.995 - 744.744 - ( 1550.228 - max(0, 4175.18 - 6032.355+1550.228))
=9782.023

Note: The Operating Income data used here is two times the semi-annual (Jan. 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 10.44% mean?
Beable Co (TSE:604A) has a ROC % of 10.44% as of Jan. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Beable Co and its competitors.
Is Beable Co's ROC % too high?
Beable Co's current ROC % is 10.44%. The Real Estate industry median ROC % is 2.08. Beable Co's value of 10.44% is 401.9% above this industry median. Overall, Beable Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Beable Co's ROC % compare to competitors?
Beable Co's ROC % of 10.44% can be compared against companies in the Real Estate industry. The industry median ROC % is 2.08. Beable Co's value of 10.44% is 401.9% 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 ROC % for a Real Estate company?
The median ROC % among Real Estate companies is 2.08, based on 1,759 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Beable Co's current ROC % of 10.44% is 401.9% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Beable Co and its competitors. For the Real Estate industry, the median ROC % is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beable Co's current ROC % is 10.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beable Co stock overvalued right now?
Beable Co (TSE:604A) has a current ROC % of 10.44%. The current ROC % is 10.44% and 401.9% above the Real Estate industry median of 2.08. Beable Co's overall GF Score™ is 9/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Beable Co (TSE:604A), the current ROC % is 10.44% as of Jan. 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.

Beable Co Business Description

Address 551-6 Chuodai, Oaza Fuzawa, Okuma-machi, Futaba District, Fukushima Prefecture, Okuma, JPN, 979-1301
Beable Co Ltd is engaged in the construction, maintenance, and decommissioning of nuclear power plants, development and operation of renewable energy projects (O&M), healthcare business, and food and beverage business. Its business activities also include equipment design, manufacturing, and operation, research and consulting, civil engineering and architectural construction.
9GF Score

Get the complete analysis for TSE:604A

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

円1,140.00
Price