ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Manaby Co's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 4.12%.
As of today (2026-06-30), Manaby Co's WACC % is 0.28%. Manaby Co's ROC % is 6.06% (calculated using TTM income statement data).
Manaby 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.
Manaby Co (TSE:9222) 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, Manaby Co's WACC % is 0.28%. Manaby Co's ROC % is 6.06% (calculated using TTM income statement data).
Manaby 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 %, 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.
Manaby Co ROC % Related Terms
Manaby Co ROC % Historical Data
* Premium members only.
The historical data trend for Manaby 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 two times the semi-annual (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.
Manaby Co (TSE:9222) has a ROC % of 4.12% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Manaby Co and its competitors.
Is Manaby Co's ROC % too high?
Manaby Co's current ROC % is 4.12%. The Business Services industry median ROC % is 5.93. Manaby Co's value of 4.12% is 30.5% below this industry median. Overall, Manaby Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Manaby Co's ROC % compare to RHI and KFY?
Manaby Co's ROC % of 4.12% can be compared against companies in the Business Services industry. The industry median ROC % is 5.93. Manaby Co's value of 4.12% is 30.5% below 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 Business Services company?
The median ROC % among Business Services companies is 5.93, based on 1,075 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. Manaby Co's current ROC % of 4.12% is 30.5% below 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 Manaby Co and its competitors. For the Business Services industry, the median ROC % is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manaby Co's current ROC % is 4.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manaby Co stock overvalued right now?
Manaby Co (TSE:9222) has a current ROC % of 4.12%. The stock's GF Value™ is 円2,175.53, compared to a current price of 円50.00 — trading 97.7% below its estimated fair value. The current ROC % is 4.12% and 30.5% below the Business Services industry median of 5.93. Manaby Co's overall GF Score™ is 12/100 with 4 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 Manaby Co (TSE:9222), the current ROC % is 4.12% 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 Manaby Co (TSE:9222) Overvalued in 2026?
Based on GuruFocus' analysis, Manaby Co stock appears to be undervalued.
The current stock price of 円50.00 is trading 97.7% below its estimated GF Value™ of 円2,175.53.
Key valuation signals for TSE:9222:
ROC %: 4.12%
GF Value™: 円2,175.53 vs. price of 円50.00 (97.7% below fair value)
Industry Position: 30.5% below the Business Services median
No single metric tells the full story. See the TSE:9222 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manaby Co Ltd is engaged in providing employment support services based on comprehensive support law for people with disabilities. It has developed a learning system using its e-learning system, which allows people who have difficulty going out, to learn IT skills to train and work from home. The company's main operations are as follows: employment transition support business (manaby); employment continuation support type B business (manabyCREATORS); online employment support business (manabyWORKS); paid job introduction service for companies wishing to employ people with disabilities; e-learning service (Mana e) for welfare business operators, dialogue-oriented SES (provision of engineer labor) business (manabyTECHNO); and after-school day care service business (manaby Campus).
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