Meiko Construction Co (NGO:1869) ROCE %: 11.42% (As of Mar. 2026)

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NGO:1869 Meiko Construction Co Ltd NGO:1869
66 GF Score
Price 円1,898.00
GF Value 円1,414.40
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Meiko Construction Co ROCE %?

Meiko Construction Co NGO:1869 -0.42% 66 ROCE % is 11.42% as of Mar. 2026. GuruFocus rates NGO:1869 with a GF Score™ of 66/100 and a GF Value™ of 円1,414.40 (Significantly Overvalued). 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. Meiko Construction Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.42%.

Meiko Construction Co  (NGO:1869) 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.

Meiko Construction Co ROCE % Related Terms

Meiko Construction Co ROCE % Historical Data

* Premium members only.

The historical data trend for Meiko Construction 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.

Meiko Construction Co ROCE % Chart

Meiko Construction Co 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 11.77 9.80 7.67 9.06 9.32

Meiko Construction Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 9.09 7.44 10.77 7.04 11.42
NGO:1869
66GF Score
Meiko Construction Co Ltd NGO:1869
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Meiko Construction Co ROCE % Calculation

Meiko Construction 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 )
=8579/( ( (109716 - 27118) + (130915 - 29498) )/ 2 )
=8579/( (82598+101417)/ 2 )
=8579/92007.5
=9.32 %

Meiko Construction 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: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=11022/( ( (116214 - 24578) + (130915 - 29498) )/ 2 )
=11022/( ( 91636 + 101417 )/ 2 )
=11022/96526.5
=11.42 %

(1) Note: The EBIT data used here is two times the semi-annual (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 11.42% mean?
Meiko Construction Co (NGO:1869) has a ROCE % of 11.42% as of Mar. 2026.
Is Meiko Construction Co's ROCE % too high?
Meiko Construction Co's current ROCE % is 11.42%. The Homebuilding & Construction industry median ROCE % is 7.82. Meiko Construction Co's value of 11.42% is 46% above this industry median. Overall, Meiko Construction Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiko Construction Co's ROCE % compare to DHI and PHM?
Meiko Construction Co's ROCE % of 11.42% can be compared against companies in the Homebuilding & Construction industry. The industry median ROCE % is 7.82. Meiko Construction Co's value of 11.42% is 46% 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 Homebuilding & Construction company?
The median ROCE % among Homebuilding & Construction companies is 7.82, based on 95 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. Meiko Construction Co's current ROCE % of 11.42% is 46% 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 Homebuilding & Construction industry, the median ROCE % is 7.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiko Construction Co's current ROCE % is 11.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiko Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Meiko Construction Co (NGO:1869) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,414.40, compared to a current price of 円1,898.00 — trading 34.2% above its estimated fair value. The current ROCE % is 11.42% and 46% above the Homebuilding & Construction industry median of 7.82. Meiko Construction Co's overall GF Score™ is 66/100 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 Meiko Construction Co (NGO:1869), the current ROCE % is 11.42% 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 Meiko Construction Co (NGO:1869) Overvalued in 2026?

Based on GuruFocus' analysis, Meiko Construction Co stock appears to be overvalued. The current stock price of 円1,898.00 is trading 34.2% above its estimated GF Value™ of 円1,414.40. GuruFocus considers Meiko Construction Co to be Significantly Overvalued.

Key valuation signals for NGO:1869:

  • ROCE %: 11.42%
  • GF Value™: 円1,414.40 vs. price of 円1,898.00 (34.2% above fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 46% above the Homebuilding & Construction median

No single metric tells the full story. See the NGO:1869 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Meiko Construction Co Business Description

Address 1-1-4 Meieki, JR Central Towers 34 Floor, Nakamura-ku, Nagoya, JPN, 450-6113
Meiko Construction Co Ltd is engaged in the construction industry. The company undertakes contract for civil works, construction work, track construction and construction work of the facility construction, supervision, planning, design, surveying and consulting. The company is also involved in the buying and selling of houses and real estate, lease, and brokerage. Construction materials on rental, warehousing, and management of education and cultural facilities are additional activities done by the company.
66GF Score

Get the complete analysis for NGO:1869

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

円1,898.00
Price
円1,414.40
GF Value