Nikon (NINOY) ROCE %: -3.07% (As of Mar. 2026)


NINOY Nikon Corp NINOY
76 GF Score
Price $13.27
GF Value $10.47
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Nikon ROCE %?

Nikon NINOY +1.69% 76 ROCE % is -3.07% as of Mar. 2026. GuruFocus rates NINOY with a GF Score™ of 76/100 and a GF Value™ of $10.47 (Modestly Overvalued). 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. Nikon's annualized ROCE % for the quarter that ended in Mar. 2026 was -3.07%.

Nikon  (OTCPK:NINOY) 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.

Nikon ROCE % Related Terms

Nikon ROCE % Historical Data

* Premium members only.

The historical data trend for Nikon'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.

Nikon ROCE % Chart

Nikon 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 8.33 7.92 6.00 1.43 -12.35

Nikon 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 -2.29 1.02 -0.75 -47.11 -3.07
NINOY
76GF Score
Nikon Corp NINOY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nikon ROCE % Calculation

Nikon'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 )
=-623.842/( ( (7450.234 - 2049.845) + (6774.57 - 2068.896) )/ 2 )
=-623.842/( (5400.389+4705.674)/ 2 )
=-623.842/5053.0315
=-12.35 %

Nikon'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 )
=-144.388/( ( (7054.017 - 2362.71) + (6774.57 - 2068.896) )/ 2 )
=-144.388/( ( 4691.307 + 4705.674 )/ 2 )
=-144.388/4698.4905
=-3.07 %

(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 -3.07% mean?
Nikon (NINOY) has a ROCE % of -3.07% as of Mar. 2026.
Is Nikon's ROCE % too high?
Nikon's current ROCE % is -3.07%. Overall, Nikon has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nikon's ROCE % compare to AS and HAS?
Nikon's ROCE % of -3.07% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.08. 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 Travel & Leisure company?
The median ROCE % among Travel & Leisure companies is 6.08, based on 838 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. 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 Travel & Leisure industry, the median ROCE % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikon's current ROCE % is -3.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikon stock overvalued right now?
Based on GuruFocus' analysis, Nikon (NINOY) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.47, compared to a current price of $13.27 — trading 26.7% above its estimated fair value. The current ROCE % is -3.07%. Nikon's overall GF Score™ is 76/100 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 Nikon (NINOY), the current ROCE % is -3.07% 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 Nikon (NINOY) Overvalued in 2026?

Based on GuruFocus' analysis, Nikon stock appears to be overvalued. The current stock price of $13.27 is trading 26.7% above its estimated GF Value™ of $10.47. GuruFocus considers Nikon to be Modestly Overvalued.

Key valuation signals for NINOY:

  • ROCE %: -3.07%
  • GF Value™: $10.47 vs. price of $13.27 (26.7% above fair value)
  • GF Score™: 76/100 with 9 warning signs

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

Nikon Business Description

Address 1-5-20 Nishioi, Shinagawa-ku, Tokyo, JPN, 140-8601
Nikon Corp is a Japan-based precision optics and imaging company. The group operates across five business segments: Component Business, providing industrial microscopes, measuring instruments, X-ray/CT inspection systems, optical components, and engineering services; Digital Manufacturing Business, offering metal 3D printers, encoders, digital solutions, EUV- and space-related components, and FPD photomask substrates; Healthcare Business, delivering life science, eye-care, and cell contract manufacturing solutions; Precision Machinery Business, focused on FPD and semiconductor lithography equipment; and Video Business, engaged in interchangeable-lens digital cameras, compact digital cameras, and interchangeable lenses. It generates majority of its revenue from the Video Business segment.
76GF Score

Get the complete analysis for NINOY

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

$13.27
Price
$10.47
GF Value