Noritake Co (FRA:NO4) ROCE %: 16.83% (As of Mar. 2026)

What is Noritake Co ROCE %?

Noritake Co FRA:NO4 -5.93% 63 ROCE % is 16.83% as of Mar. 2026. GuruFocus rates FRA:NO4 with a GF Score™ of 63/100 and a GF Value™ of €11.20 (Significantly Overvalued). The stock has 7 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. Noritake Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 16.83%.

Noritake Co (FRA:NO4) 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.

Noritake Co ROCE % Related Terms

Noritake Co ROCE % Historical Data

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The historical data trend for Noritake Co'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.

Noritake Co ROCE % Chart

Noritake Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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9.04

9.69

10.83

10.65

Noritake Co 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															12.34	7.95	9.63	10.62	16.83

63GF Score

Noritake Co Ltd FRA:NO4

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Noritake Co ROCE % Calculation

Noritake Co'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 )
	=	106.003	/	( ( (1230.656 - 230.056)	+	(1254.174 - 263.884) )	/ 2 )
	=	106.003	/	( (1000.6	+	990.29)	/ 2 )
	=	106.003	/	995.445
	=	10.65 %

Noritake Co'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 )
	=	163.904	/	( ( (1230.984 - 273.555)	+	(1254.174 - 263.884) )	/ 2 )
	=	163.904	/	( ( 957.429	+	990.29 )	/ 2 )
	=	163.904	/	973.8595
	=	16.83 %

(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 16.83% mean?

Noritake Co (FRA:NO4) has a ROCE % of 16.83% as of Mar. 2026.

Is Noritake Co's ROCE % too high?

Noritake Co's current ROCE % is 16.83%. The Conglomerates industry median ROCE % is 6.90. Noritake Co's value of 16.83% is 144.1% above this industry median. Overall, Noritake Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Noritake Co's ROCE % compare to HON and MMM?

Noritake Co's ROCE % of 16.83% can be compared against companies in the Conglomerates industry. The industry median ROCE % is 6.90. Noritake Co's value of 16.83% is 144.1% 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 Conglomerates company?

The median ROCE % among Conglomerates companies is 6.90, based on 556 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. Noritake Co's current ROCE % of 16.83% is 144.1% 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 Conglomerates industry, the median ROCE % is 6.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noritake Co's current ROCE % is 16.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Noritake Co stock overvalued right now?

Based on GuruFocus' analysis, Noritake Co (FRA:NO4) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.20, compared to a current price of €22.20 — trading 98.2% above its estimated fair value. The current ROCE % is 16.83% and 144.1% above the Conglomerates industry median of 6.90. Noritake Co's overall GF Score™ is 63/100 with 7 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 Noritake Co (FRA:NO4), the current ROCE % is 16.83% 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 Noritake Co (FRA:NO4) Overvalued in 2026?

Based on GuruFocus' analysis, Noritake Co stock appears to be overvalued. The current stock price of €22.20 is trading 98.2% above its estimated GF Value™ of €11.20. GuruFocus considers Noritake Co to be Significantly Overvalued.

Key valuation signals for FRA:NO4:

ROCE %: 16.83%
GF Value™: €11.20 vs. price of €22.20 (98.2% above fair value)
GF Score™: 63/100 with 7 warning signs
Industry Position: 144.1% above the Conglomerates median

No single metric tells the full story. See the FRA:NO4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Noritake Co Business Description

Industry Industrials Conglomerates

Comparable Companies TSE:4206 TSE:8133 TSE:8066 TSE:9003 TSE:4665 TSE:3106 TSE:2432 TSE:3076 TSE:3498 TSE:7224 ADX:IHC HON TSE:6501 TSE:8058 TSE:8031 TSE:8001 MMM TSE:8002 TSE:8053 TSE:5803

Other Exchanges 5331:Japan

Address 3-1-36, Noritake-shinmachi, Nishi-ku, Nagoya-shi, Aichi, JPN, 451-8501

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

Noritake Co Ltd is engaged in manufacturing of grinding and polishing tools, electronic component materials and manufacturing equipment. The group has established four different business fields with the application and development of a variety of ceramics manufacturing technologies: Industrial Products, which supports industries with grinding wheels and diamond tools, Ceramics & Materials, which supplies ceramic raw materials to many kinds of manufacturers, Engineering which develops and proposes manufacturing equipment and technologies, and Tabletop, which offers tableware to create rich and luxurious dining.

63GF Score

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

€22.20

Price

€11.20

GF Value

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