Kaneka (NGO:4118) ROCE %: 10.97% (As of Mar. 2026)

What is Kaneka ROCE %?

Kaneka NGO:4118 80 ROCE % is 10.97% as of Mar. 2026. GuruFocus rates NGO:4118 with a GF Score™ of 80/100 and a GF Value™ of 円2,552.98. The stock has 9 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. Kaneka's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.97%.

Kaneka (NGO:4118) 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.

Kaneka ROCE % Related Terms

Kaneka ROCE % Historical Data

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The historical data trend for Kaneka'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.

Kaneka ROCE % Chart

Kaneka Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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7.91

6.75

7.28

6.78

7.63

Kaneka 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															6.58	5.04	7.03	7.84	10.97

80GF Score

Kaneka Corp NGO:4118

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

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Kaneka ROCE % Calculation

Kaneka'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 )
	=	48850	/	( ( (920143 - 294933)	+	(959154 - 304056) )	/ 2 )
	=	48850	/	( (625210	+	655098)	/ 2 )
	=	48850	/	640154
	=	7.63 %

Kaneka'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 )
	=	70760	/	( ( (953481 - 318978)	+	(959154 - 304056) )	/ 2 )
	=	70760	/	( ( 634503	+	655098 )	/ 2 )
	=	70760	/	644800.5
	=	10.97 %

(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 10.97% mean?

Kaneka (NGO:4118) has a ROCE % of 10.97% as of Mar. 2026.

Is Kaneka's ROCE % too high?

Kaneka's current ROCE % is 10.97%. The Chemicals industry median ROCE % is 6.42. Kaneka's value of 10.97% is 70.9% above this industry median. Overall, Kaneka has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.

How does Kaneka's ROCE % compare to LIN and SHW?

Kaneka's ROCE % of 10.97% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.42. Kaneka's value of 10.97% is 70.9% 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. Kaneka's current ROCE % of 10.97% is 70.9% 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. Kaneka's current ROCE % is 10.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Kaneka stock overvalued right now?

Kaneka (NGO:4118) has a current ROCE % of 10.97%. The stock's GF Value™ is 円2,552.98, compared to a current price of 円3,370.00 — trading 32% above its estimated fair value. The current ROCE % is 10.97% and 70.9% above the Chemicals industry median of 6.42. Kaneka's overall GF Score™ is 80/100 with 9 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 Kaneka (NGO:4118), the current ROCE % is 10.97% 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 Kaneka (NGO:4118) Overvalued in 2026?

Based on GuruFocus' analysis, Kaneka stock appears to be overvalued. The current stock price of 円3,370.00 is trading 32% above its estimated GF Value™ of 円2,552.98.

Key valuation signals for NGO:4118:

ROCE %: 10.97%
GF Value™: 円2,552.98 vs. price of 円3,370.00 (32% above fair value)
GF Score™: 80/100 with 9 warning signs
Industry Position: 70.9% above the Chemicals median

No single metric tells the full story. See the NGO:4118 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kaneka Business Description

Industry Basic Materials Chemicals

Comparable Companies TSE:4202 TSE:4043 TSE:4966 TSE:7966 TSE:4208 TSE:5301 TSE:4099 TSE:4401 TSE:4205 TSE:4613 LIN XPAR:AI SHW ECL APD XSWX:GIVN SHSE:600309 XSWX:SIKA SZSE:002466 OCSE:NSIS B

Other Exchanges 4118:Japan KKA:Germany

Address 3-2-4, Nakanoshima, Kita-ku, Osaka, JPN, 530-8288

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

Kaneka Corp manufactures and sells a variety of chemicals, plastics, and chemical-based products. The company organizes itself into seven segments based on product type. The foodstuffs segment, which generates more revenue than any other segment, sells margarine, shortening, bakery yeast and spices. The chemicals segment sells polyvinyl chloride used in pipes and flooring. The functional and expandable products segments sell polystyrene- and silicone-based products. The life science products segment sells medical devices, which include balloon catheters for vessel stenosis, and pharmaceutical ingredients. The electronic products segment sells heat resistant films and optical materials. The synthetic fibers segment sells fibers used to make apparel. The majority of revenue comes from Japan.

80GF Score

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

円3,370.00

Price

円2,552.98

GF Value

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