OKASY (Onward Holdings Co) ROCE %: 12.41% (As of Feb. 2026)

What is Onward Holdings Co ROCE %?

Onward Holdings Co OKASY 76 ROCE % is 12.41% as of Feb. 2026. GuruFocus rates OKASY with a GF Score™ of 76/100 and a GF Value™ of $47.86. 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. Onward Holdings Co's annualized ROCE % for the quarter that ended in Feb. 2026 was 12.41%.

Onward Holdings Co (OTCPK:OKASY) 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.

Onward Holdings Co ROCE % Related Terms

Onward Holdings Co ROCE % Historical Data

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The historical data trend for Onward Holdings 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.

Onward Holdings Co ROCE % Chart

Onward Holdings Co Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

ROCE %

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13.78

3.73

6.18

9.89

11.73

Onward Holdings Co Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
ROCE %	Get a 7-Day Free Trial															12.77	17.74	5.98	12.70	12.41

76GF Score

Onward Holdings Co Ltd OKASY

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

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Onward Holdings Co ROCE % Calculation

Onward Holdings Co's annualized ROCE % for the fiscal year that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	90.695	/	( ( (1182.398 - 413.851)	+	(1219.994 - 442.684) )	/ 2 )
	=	90.695	/	( (768.547	+	777.31)	/ 2 )
	=	90.695	/	772.9285
	=	11.73 %

Onward Holdings Co's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	93.592	/	( ( (1219.98 - 489.374)	+	(1219.994 - 442.684) )	/ 2 )
	=	93.592	/	( ( 730.606	+	777.31 )	/ 2 )
	=	93.592	/	753.958
	=	12.41 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 12.41% mean?

Onward Holdings Co (OKASY) has a ROCE % of 12.41% as of Feb. 2026.

Is Onward Holdings Co's ROCE % too high?

Onward Holdings Co's current ROCE % is 12.41%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.21. Onward Holdings Co's value of 12.41% is 99.8% above this industry median. Overall, Onward Holdings Co has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.

How does Onward Holdings Co's ROCE % compare to RL and LEVI?

Onward Holdings Co's ROCE % of 12.41% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.21. Onward Holdings Co's value of 12.41% is 99.8% 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 Manufacturing - Apparel & Accessories company?

The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.21, based on 1,041 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. Onward Holdings Co's current ROCE % of 12.41% is 99.8% 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 Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Holdings Co's current ROCE % is 12.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Onward Holdings Co stock overvalued right now?

Onward Holdings Co (OKASY) has a current ROCE % of 12.41%. The stock's GF Value™ is $47.86, compared to a current price of $50.00 — trading 4.5% above its estimated fair value. The current ROCE % is 12.41% and 99.8% above the Manufacturing - Apparel & Accessories industry median of 6.21. Onward Holdings Co's overall GF Score™ is 76/100 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 Onward Holdings Co (OKASY), the current ROCE % is 12.41% as of Feb. 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 Onward Holdings Co (OKASY) Overvalued in 2026?

Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued. The current stock price of $50.00 is trading 4.5% above its estimated GF Value™ of $47.86.

Key valuation signals for OKASY:

ROCE %: 12.41%
GF Value™: $47.86 vs. price of $50.00 (4.5% above fair value)
GF Score™: 76/100 with 2 warning signs
Industry Position: 99.8% above the Manufacturing - Apparel & Accessories median

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

Onward Holdings Co Business Description

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies TSE:3002 TSE:3608 TSE:7447 TSE:2685 TSE:8008 TSE:8011 TSE:456A TSE:3597 TSE:325A TSE:3611 OSTO:HM B RL MIL:MONC WAR:LPP TSX:GIL LEVI VFC HKSE:03998 SHSE:600177 BOM:532827

Other Exchanges 8016:Japan

Address 10-5, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8239

Website http://www.onward-hd.co.jp

Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.

76GF Score

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$50.00

Price

$47.86

GF Value

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