Mizuno (FRA:MIZ) ROCE %: 10.10% (As of Mar. 2026)

What is Mizuno ROCE %?

Mizuno FRA:MIZ -1.60% 89 ROCE % is 10.10% as of Mar. 2026. GuruFocus rates FRA:MIZ with a GF Score™ of 89/100 and a GF Value™ of €15.60 (Modestly Overvalued).

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Mizuno's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.10%.

Mizuno (FRA:MIZ) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Mizuno ROCE % Related Terms

Mizuno ROCE % Historical Data

* Premium members only.

The historical data trend for Mizuno's ROCE % 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.

Mizuno ROCE % Chart

Mizuno Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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8.81

9.70

12.33

13.05

12.44

Mizuno Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															10.38	15.25	14.57	14.17	10.10

89GF Score

Mizuno Corp FRA:MIZ

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Mizuno ROCE % Calculation

Mizuno's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	137.756	/	( ( (1355.805 - 264.181)	+	(1370.801 - 247.623) )	/ 2 )
	=	137.756	/	( (1091.624	+	1123.178)	/ 2 )
	=	137.756	/	1107.401
	=	12.44 %

Mizuno's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	109.152	/	( ( (1250.888 - 212.072)	+	(1370.801 - 247.623) )	/ 2 )
	=	109.152	/	( ( 1038.816	+	1123.178 )	/ 2 )
	=	109.152	/	1080.997
	=	10.10 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 10.10% mean?

Mizuno (FRA:MIZ) has a ROCE % of 10.10% as of Mar. 2026.

Is Mizuno's ROCE % too high?

Mizuno's current ROCE % is 10.10%. The Retail - Cyclical industry median ROCE % is 7.58. Mizuno's value of 10.10% is 33.2% above this industry median. Overall, Mizuno has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Mizuno's ROCE % compare to CASY and WSM?

Mizuno's ROCE % of 10.10% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.58. Mizuno's value of 10.10% is 33.2% 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 ROCE % for a Retail - Cyclical company?

The median ROCE % among Retail - Cyclical companies is 7.58, based on 1,117 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mizuno's current ROCE % of 10.10% is 33.2% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median ROCE % is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mizuno's current ROCE % is 10.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mizuno stock overvalued right now?

Based on GuruFocus' analysis, Mizuno (FRA:MIZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.60, compared to a current price of €18.50 — trading 18.6% above its estimated fair value. The current ROCE % is 10.10% and 33.2% above the Retail - Cyclical industry median of 7.58. Mizuno's overall GF Score™ is 89/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Mizuno (FRA:MIZ), the current ROCE % is 10.10% 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 Mizuno (FRA:MIZ) Overvalued in 2026?

Based on GuruFocus' analysis, Mizuno stock appears to be overvalued. The current stock price of €18.50 is trading 18.6% above its estimated GF Value™ of €15.60. GuruFocus considers Mizuno to be Modestly Overvalued.

Key valuation signals for FRA:MIZ:

ROCE %: 10.10%
GF Value™: €15.60 vs. price of €18.50 (18.6% above fair value)
GF Score™: 89/100
Industry Position: 33.2% above the Retail - Cyclical median

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

Mizuno Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies TSE:2730 TSE:3048 TSE:8282 TSE:7552 TSE:9842 SSE:2928 TSE:7545 TSE:7513 TSE:9997 TSE:2681 TSX:ATD XJAM:ASBH CASY WSM ULTA DKS SHSE:601888 TSCO BBY ADX:ADNOCDIST

Other Exchanges 8022:Japan MIZ:Germany

Address 1-12-35 Nanko-Kita Suminoe-ku, Osaka-shi, JPN, 559-8510

Website http://www.mizuno.co.jp

Mizuno Corporation is a Japan-based company principally engaged in the manufacture and sale of sporting goods under the brand MIZUNO worldwide. The company's product mix consists of sports equipment, sports shoes, sportswear, and other products and services. Footwear and apparel jointly account for more than half of the company's total revenue. The company's products are produced in the company's own factories or commissioned factories. The company has business presence in Japan, the Americas, EMEA, Asia and Oceania, with Japan contributing over half of the company's total revenue.

89GF Score

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€18.50

Price

€15.60

GF Value

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