MCHIF (Maruichi Steel Tube) ROCE %: 14.84% (As of Mar. 2026)


MCHIF Maruichi Steel Tube Ltd MCHIF
82 GF Score
Price $7.31
GF Value $5.19
! 4 Warning Signs
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What is Maruichi Steel Tube ROCE %?

Maruichi Steel Tube MCHIF +10.76% 82 ROCE % is 14.84% as of Mar. 2026. GuruFocus rates MCHIF with a GF Score™ of 82/100 and a GF Value™ of $5.19. The stock has 4 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. Maruichi Steel Tube's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.84%.

Maruichi Steel Tube  (OTCPK:MCHIF) 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.

Maruichi Steel Tube ROCE % Related Terms

Maruichi Steel Tube ROCE % Historical Data

* Premium members only.

The historical data trend for Maruichi Steel Tube'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.

Maruichi Steel Tube ROCE % Chart

Maruichi Steel Tube 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 12.08 9.87 10.14 10.77 10.18

Maruichi Steel Tube 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 24.63 7.50 10.28 9.73 14.84
MCHIF
82GF Score
Maruichi Steel Tube Ltd MCHIF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Maruichi Steel Tube ROCE % Calculation

Maruichi Steel Tube'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 )
=248.918/( ( (2855.5 - 342.619) + (2661.752 - 285.192) )/ 2 )
=248.918/( (2512.881+2376.56)/ 2 )
=248.918/2444.7205
=10.18 %

Maruichi Steel Tube'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 )
=351.316/( ( (2641.773 - 282.744) + (2661.752 - 285.192) )/ 2 )
=351.316/( ( 2359.029 + 2376.56 )/ 2 )
=351.316/2367.7945
=14.84 %

(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 14.84% mean?
Maruichi Steel Tube (MCHIF) has a ROCE % of 14.84% as of Mar. 2026.
Is Maruichi Steel Tube's ROCE % too high?
Maruichi Steel Tube's current ROCE % is 14.84%. The Steel industry median ROCE % is 5.61. Maruichi Steel Tube's value of 14.84% is 164.5% above this industry median. Overall, Maruichi Steel Tube has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Maruichi Steel Tube's ROCE % compare to NUE and STLD?
Maruichi Steel Tube's ROCE % of 14.84% can be compared against companies in the Steel industry. The industry median ROCE % is 5.61. Maruichi Steel Tube's value of 14.84% is 164.5% 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 Steel company?
The median ROCE % among Steel companies is 5.61, based on 625 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. Maruichi Steel Tube's current ROCE % of 14.84% is 164.5% 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 Steel industry, the median ROCE % is 5.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruichi Steel Tube's current ROCE % is 14.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruichi Steel Tube stock overvalued right now?
Maruichi Steel Tube (MCHIF) has a current ROCE % of 14.84%. The stock's GF Value™ is $5.19, compared to a current price of $7.31 — trading 40.8% above its estimated fair value. The current ROCE % is 14.84% and 164.5% above the Steel industry median of 5.61. Maruichi Steel Tube's overall GF Score™ is 82/100 with 4 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 Maruichi Steel Tube (MCHIF), the current ROCE % is 14.84% 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 Maruichi Steel Tube (MCHIF) Overvalued in 2026?

Based on GuruFocus' analysis, Maruichi Steel Tube stock appears to be overvalued. The current stock price of $7.31 is trading 40.8% above its estimated GF Value™ of $5.19.

Key valuation signals for MCHIF:

  • ROCE %: 14.84%
  • GF Value™: $5.19 vs. price of $7.31 (40.8% above fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 164.5% above the Steel median

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

Maruichi Steel Tube Business Description

Other Exchanges 5463:Japan
Address 5-1-60 Namba, 29th Floor, Namba Skyo, Chuo-ku, Osaka, JPN, 542-0076
Maruichi Steel Tube Ltd is a Japan-based company that manufactures and sells steel tubes and steel sheet coating. The company's product portfolio includes welded steel tubes, hot-dip galvanized steel sheet, lighting poles, and prepainted steel sheet. Its products are used in architecture, civil engineering, machinery, power generation plants, automobiles, motorcycles, medical equipment, fitness machines, office automation equipment, office and educational furniture, and others.
82GF Score

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

$7.31
Price
$5.19
GF Value