Nichicon (FRA:NH4) ROCE %: 4.81% (As of Mar. 2026)

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FRA:NH4 Nichicon Corp FRA:NH4
72 GF Score
Price €15.90
GF Value €7.34
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Nichicon ROCE %?

Nichicon FRA:NH4 +0.63% 72 ROCE % is 4.81% as of Mar. 2026. GuruFocus rates FRA:NH4 with a GF Score™ of 72/100 and a GF Value™ of €7.34 (Significantly Overvalued). The stock has 3 warning signs investors should review.

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. Nichicon's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.81%.

Nichicon  (FRA:NH4) 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.

Nichicon ROCE % Related Terms

Nichicon ROCE % Historical Data

* Premium members only.

The historical data trend for Nichicon'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.

Nichicon ROCE % Chart

Nichicon Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.27 7.72 7.58 6.36 4.83

Nichicon 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 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 -0.89 3.70 3.17 8.73 4.81
FRA:NH4
72GF Score
Nichicon Corp FRA:NH4
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nichicon ROCE % Calculation

Nichicon'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 )
=40.704/( ( (1195.097 - 319.951) + (1066.077 - 257.315) )/ 2 )
=40.704/( (875.146+808.762)/ 2 )
=40.704/841.954
=4.83 %

Nichicon'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 )
=38.636/( ( (1081.178 - 284.154) + (1066.077 - 257.315) )/ 2 )
=38.636/( ( 797.024 + 808.762 )/ 2 )
=38.636/802.893
=4.81 %

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

* 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 ROCE % →
What does a ROCE % of 4.81% mean?
Nichicon (FRA:NH4) has a ROCE % of 4.81% as of Mar. 2026.
Is Nichicon's ROCE % too high?
Nichicon's current ROCE % is 4.81%. The Hardware industry median ROCE % is 5.89. Nichicon's value of 4.81% is 18.3% below this industry median. Overall, Nichicon has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nichicon's ROCE % compare to APH and GLW?
Nichicon's ROCE % of 4.81% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.89. Nichicon's value of 4.81% is 18.3% 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 ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.89, based on 2,451 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. Nichicon's current ROCE % of 4.81% is 18.3% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichicon's current ROCE % is 4.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichicon stock overvalued right now?
Based on GuruFocus' analysis, Nichicon (FRA:NH4) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.34, compared to a current price of €15.90 — trading 116.6% above its estimated fair value. The current ROCE % is 4.81% and 18.3% below the Hardware industry median of 5.89. Nichicon's overall GF Score™ is 72/100 with 3 warning signs to review. 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 Nichicon (FRA:NH4), the current ROCE % is 4.81% 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 Nichicon (FRA:NH4) Overvalued in 2026?

Based on GuruFocus' analysis, Nichicon stock appears to be overvalued. The current stock price of €15.90 is trading 116.6% above its estimated GF Value™ of €7.34. GuruFocus considers Nichicon to be Significantly Overvalued.

Key valuation signals for FRA:NH4:

  • ROCE %: 4.81%
  • GF Value™: €7.34 vs. price of €15.90 (116.6% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 18.3% below the Hardware median

No single metric tells the full story. See the FRA:NH4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nichicon Business Description

Other Exchanges 6996:Japan
Address Karasumadori Oike-agaru, Nakagyo-ku, Kyoto, JPN, 604-0845
Nichicon Corp is a Japanese technological company. The company's product lines are aluminum electrolytic capacitors, plastic film capacitors, vehicle-to-home systems, household power storage systems, power sources for medical accelerators, power sources for academic study accelerators, chargers, power storage systems for public and industrial use, switching power supplies, function modules, voltage sag compensators, and long-life voltage sag compensators. Its key business regions are Japan, Asia, the U.S., and Europe.
72GF Score

Get the complete analysis for FRA:NH4

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

€15.90
Price
€7.34
GF Value