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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. ONO Sokki Co's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 6.48%.
As of today (2026-07-22), ONO Sokki Co's WACC % is 6.58%. ONO Sokki Co's ROC % is 0.00% (calculated using TTM income statement data).
ONO Sokki Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.
ONO Sokki Co (TSE:6858) 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, ONO Sokki Co's WACC % is 6.58%. ONO Sokki Co's ROC % is 0.00% (calculated using TTM income statement data).
ONO Sokki 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.
ONO Sokki Co ROC % Related Terms
ONO Sokki Co ROC % Historical Data
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The historical data trend for ONO Sokki 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.
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.
ONO Sokki Co (TSE:6858) has a ROC % of 6.48% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on ONO Sokki Co and its competitors.
Is ONO Sokki Co's ROC % too high?
ONO Sokki Co's current ROC % is 6.48%. The Hardware industry median ROC % is 4.13. ONO Sokki Co's value of 6.48% is 56.9% above this industry median. Overall, ONO Sokki Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ONO Sokki Co's ROC % compare to COHR and KEYS?
ONO Sokki Co's ROC % of 6.48% can be compared against companies in the Hardware industry. The industry median ROC % is 4.13. ONO Sokki Co's value of 6.48% is 56.9% 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 Hardware company?
The median ROC % among Hardware companies is 4.13, based on 2,448 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. ONO Sokki Co's current ROC % of 6.48% is 56.9% 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 ONO Sokki Co and its competitors. For the Hardware industry, the median ROC % is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ONO Sokki Co's current ROC % is 6.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ONO Sokki Co stock overvalued right now?
Based on GuruFocus' analysis, ONO Sokki Co (TSE:6858) is currently considered Significantly Overvalued. The stock's GF Value™ is 円362.72, compared to a current price of 円890.00 — trading 145.4% above its estimated fair value. The current ROC % is 6.48% and 56.9% above the Hardware industry median of 4.13. ONO Sokki Co's overall GF Score™ is 60/100 with 5 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 ONO Sokki Co (TSE:6858), the current ROC % is 6.48% 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 ONO Sokki Co (TSE:6858) Overvalued in 2026?
Based on GuruFocus' analysis, ONO Sokki Co stock appears to be overvalued.
The current stock price of 円890.00 is trading 145.4% above its estimated GF Value™ of 円362.72.
GuruFocus considers ONO Sokki Co to be Significantly Overvalued.
Key valuation signals for TSE:6858:
ROC %: 6.48%
GF Value™: 円362.72 vs. price of 円890.00 (145.4% above fair value)
Industry Position: 56.9% above the Hardware median
No single metric tells the full story. See the TSE:6858 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ONO Sokki Co Ltd is engaged in the manufacturing and sales of electronic measuring instruments, applied electronic equipment, electronic control systems and related equipment. In addition, the company is involved in the sales of software for information processing systems and provision of engineering services. The company's products include digital measuring instruments, tachometer generators, data analyzers and test systems, torque meters, automobile manufacturing test systems, and industrial automatic systems.
60GF Score
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