Obayashi (FSE:1802) ROCE %: 14.26% (As of Mar. 2026)

What is Obayashi ROCE %?

Obayashi FSE:1802 82 ROCE % is 14.26% as of Mar. 2026. GuruFocus rates FSE:1802 with a GF Score™ of 82/100 and a GF Value™ of 円1,376.93. The stock has 2 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. Obayashi's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.26%.

Obayashi (FSE:1802) 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.

Obayashi ROCE % Related Terms

Obayashi ROCE % Historical Data

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The historical data trend for Obayashi'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.

Obayashi ROCE % Chart

Obayashi Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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4.53

8.68

7.45

13.52

15.42

Obayashi 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															18.76	7.29	22.09	19.60	14.26

82GF Score

Obayashi Corp FSE:1802

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

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Obayashi ROCE % Calculation

Obayashi'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 )
	=	254721	/	( ( (3042778 - 1453358)	+	(3143449 - 1429526) )	/ 2 )
	=	254721	/	( (1589420	+	1713923)	/ 2 )
	=	254721	/	1651671.5
	=	15.42 %

Obayashi'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 )
	=	240144	/	( ( (3145710 - 1492445)	+	(3143449 - 1429526) )	/ 2 )
	=	240144	/	( ( 1653265	+	1713923 )	/ 2 )
	=	240144	/	1683594
	=	14.26 %

(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 14.26% mean?

Obayashi (FSE:1802) has a ROCE % of 14.26% as of Mar. 2026.

Is Obayashi's ROCE % too high?

Obayashi's current ROCE % is 14.26%. The Construction industry median ROCE % is 8.22. Obayashi's value of 14.26% is 73.5% above this industry median. Overall, Obayashi has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.

How does Obayashi's ROCE % compare to PWR and FIX?

Obayashi's ROCE % of 14.26% can be compared against companies in the Construction industry. The industry median ROCE % is 8.22. Obayashi's value of 14.26% is 73.5% 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 Construction company?

The median ROCE % among Construction companies is 8.22, based on 1,754 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. Obayashi's current ROCE % of 14.26% is 73.5% 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 Construction industry, the median ROCE % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Obayashi's current ROCE % is 14.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Obayashi stock overvalued right now?

Obayashi (FSE:1802) has a current ROCE % of 14.26%. The stock's GF Value™ is 円1,376.93, compared to a current price of 円1,922.00 — trading 39.6% above its estimated fair value. The current ROCE % is 14.26% and 73.5% above the Construction industry median of 8.22. Obayashi's overall GF Score™ is 82/100 with 2 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 Obayashi (FSE:1802), the current ROCE % is 14.26% 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 Obayashi (FSE:1802) Overvalued in 2026?

Based on GuruFocus' analysis, Obayashi stock appears to be overvalued. The current stock price of 円1,922.00 is trading 39.6% above its estimated GF Value™ of 円1,376.93.

Key valuation signals for FSE:1802:

ROCE %: 14.26%
GF Value™: 円1,376.93 vs. price of 円1,922.00 (39.6% above fair value)
GF Score™: 82/100 with 2 warning signs
Industry Position: 73.5% above the Construction median

No single metric tells the full story. See the FSE:1802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Obayashi Business Description

Industry Industrials Construction

Comparable Companies TSE:1801 TSE:1803 TSE:1812 TSE:1944 TSE:1942 TSE:1963 TSE:1959 TSE:1721 TSE:5076 TSE:1951 PWR XPAR:DG FIX NSE:LT XAMS:FER XKRX:028260 XTER:HOT XMAD:ACS EME MTZ

Other Exchanges OBYCF:USA 1802:Japan OBA:Germany

Address 2-15-2 Konan, Minato-Ku, Tokyo, JPN, 108-8502

Website https://www.obayashi.co.jp

Obayashi Corp is a Japan-based company mainly engaged in construction and real estate business. The company operates through five segments. The Domestic Architecture segment undertakes construction work in Japan, while the Domestic Civil Engineering segment handles civil engineering projects within the country. The Overseas Architecture and Overseas Civil Engineering segments are involved in construction and civil engineering projects abroad. The Real Estate segment focuses on development activities, including real estate sales, leasing, and residential land development. The Others segment is engaged in PFI projects, renewable energy, rug business, and financial services. It generates the majority of its revenue from the Domestic Architecture segment.

82GF Score

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

円1,922.00

Price

円1,376.93

GF Value

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