NDEKY (Nitto Denko) ROCE %: 12.21% (As of Mar. 2026)


NDEKY Nitto Denko Corp NDEKY
83 GF Score
Price $19.55
GF Value $18.37
Valuation Fairly Valued
! 2 Warning Signs
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What is Nitto Denko ROCE %?

Nitto Denko NDEKY +0.15% 83 ROCE % is 12.21% as of Mar. 2026. GuruFocus rates NDEKY with a GF Score™ of 83/100 and a GF Value™ of $18.37 (Fairly Valued). 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. Nitto Denko's annualized ROCE % for the quarter that ended in Mar. 2026 was 12.21%.

Nitto Denko  (OTCPK:NDEKY) 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.

Nitto Denko ROCE % Related Terms

Nitto Denko ROCE % Historical Data

* Premium members only.

The historical data trend for Nitto Denko'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.

Nitto Denko ROCE % Chart

Nitto Denko 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 15.37 15.15 13.30 17.62 15.67

Nitto Denko 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 12.25 16.34 19.01 18.63 12.21
NDEKY
83GF Score
Nitto Denko Corp NDEKY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nitto Denko ROCE % Calculation

Nitto Denko'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 )
=1178.585/( ( (8868.518 - 1487.579) + (9085.786 - 1424.037) )/ 2 )
=1178.585/( (7380.939+7661.749)/ 2 )
=1178.585/7521.344
=15.67 %

Nitto Denko'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 )
=923.176/( ( (8836.821 - 1374.223) + (9085.786 - 1424.037) )/ 2 )
=923.176/( ( 7462.598 + 7661.749 )/ 2 )
=923.176/7562.1735
=12.21 %

(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 12.21% mean?
Nitto Denko (NDEKY) has a ROCE % of 12.21% as of Mar. 2026.
Is Nitto Denko's ROCE % too high?
Nitto Denko's current ROCE % is 12.21%. The Chemicals industry median ROCE % is 6.42. Nitto Denko's value of 12.21% is 90.2% above this industry median. Overall, Nitto Denko has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nitto Denko's ROCE % compare to LIN and SHW?
Nitto Denko's ROCE % of 12.21% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.42. Nitto Denko's value of 12.21% is 90.2% 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 Chemicals company?
The median ROCE % among Chemicals companies is 6.42, based on 1,590 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. Nitto Denko's current ROCE % of 12.21% is 90.2% 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 Chemicals industry, the median ROCE % is 6.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitto Denko's current ROCE % is 12.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Denko stock overvalued right now?
Based on GuruFocus' analysis, Nitto Denko (NDEKY) is currently considered Fairly Valued. The stock's GF Value™ is $18.37, compared to a current price of $19.55 — trading 6.4% above its estimated fair value. The current ROCE % is 12.21% and 90.2% above the Chemicals industry median of 6.42. Nitto Denko's overall GF Score™ is 83/100 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 Nitto Denko (NDEKY), the current ROCE % is 12.21% 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 Nitto Denko (NDEKY) Overvalued in 2026?

Based on GuruFocus' analysis, Nitto Denko stock appears to be overvalued. The current stock price of $19.55 is trading 6.4% above its estimated GF Value™ of $18.37. GuruFocus considers Nitto Denko to be Fairly Valued.

Key valuation signals for NDEKY:

  • ROCE %: 12.21%
  • GF Value™: $18.37 vs. price of $19.55 (6.4% above fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 90.2% above the Chemicals median

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

Nitto Denko Business Description

Address 4-20 Ofukacho, 33rd Floor, Tower A, Grand Front Osaka, Kita-ku, Osaka, JPN, 530-0011
Nitto Denko is a manufacturer of advanced materials for niche industry applications. Its three segments are industrial tape (35% of revenue), optical films (55%), and materials used in health science (10%). Its advanced materials are used in manufacturing with main customers being suppliers to original equipment manufacturers in the computer, smartphone, and automobile industries. The company has more than 15,000 products. Most revenue is from Asia/Oceania (60%), followed by Japan (20%). The remainder is roughly equally split between Americas and Europe, each representing about 10% of revenue.
83GF Score

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

$19.55
Price
$18.37
GF Value