TONPF (Toppan Holdings) ROCE %: 3.95% (As of Mar. 2026)


TONPF Toppan Holdings Inc TONPF
73 GF Score
Price $29.99
GF Value $28.35
Valuation Fairly Valued
! 7 Warning Signs
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What is Toppan Holdings ROCE %?

Toppan Holdings TONPF 73 ROCE % is 3.95% as of Mar. 2026. GuruFocus rates TONPF with a GF Score™ of 73/100 and a GF Value™ of $28.35 (Fairly Valued). The stock has 7 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. Toppan Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.95%.

Toppan Holdings  (OTCPK:TONPF) 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.

Toppan Holdings ROCE % Related Terms

Toppan Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Toppan Holdings'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.

Toppan Holdings ROCE % Chart

Toppan Holdings 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 9.50 6.01 6.76 10.68 6.12

Toppan Holdings 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 14.45 4.58 7.43 9.01 3.95
TONPF
73GF Score
Toppan Holdings Inc TONPF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Toppan Holdings ROCE % Calculation

Toppan Holdings'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 )
=719.921/( ( (16873.256 - 5520.577) + (16121.379 - 3965.48) )/ 2 )
=719.921/( (11352.679+12155.899)/ 2 )
=719.921/11754.289
=6.12 %

Toppan Holdings'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 )
=477.708/( ( (15749.254 - 3703.486) + (16121.379 - 3965.48) )/ 2 )
=477.708/( ( 12045.768 + 12155.899 )/ 2 )
=477.708/12100.8335
=3.95 %

(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 3.95% mean?
Toppan Holdings (TONPF) has a ROCE % of 3.95% as of Mar. 2026.
Is Toppan Holdings' ROCE % too high?
Toppan Holdings' current ROCE % is 3.95%. The Conglomerates industry median ROCE % is 6.92. Toppan Holdings' value of 3.95% is 42.9% below this industry median. Overall, Toppan Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toppan Holdings' ROCE % compare to HON and MMM?
Toppan Holdings' ROCE % of 3.95% can be compared against companies in the Conglomerates industry. The industry median ROCE % is 6.92. Toppan Holdings' value of 3.95% is 42.9% below 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 Conglomerates company?
The median ROCE % among Conglomerates companies is 6.92, based on 556 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. Toppan Holdings's current ROCE % of 3.95% is 42.9% below 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 Conglomerates industry, the median ROCE % is 6.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toppan Holdings's current ROCE % is 3.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toppan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Toppan Holdings (TONPF) is currently considered Fairly Valued. The stock's GF Value™ is $28.35, compared to a current price of $29.99 — trading 5.8% above its estimated fair value. The current ROCE % is 3.95% and 42.9% below the Conglomerates industry median of 6.92. Toppan Holdings' overall GF Score™ is 73/100 with 7 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 Toppan Holdings (TONPF), the current ROCE % is 3.95% 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 Toppan Holdings (TONPF) Overvalued in 2026?

Based on GuruFocus' analysis, Toppan Holdings stock appears to be overvalued. The current stock price of $29.99 is trading 5.8% above its estimated GF Value™ of $28.35. GuruFocus considers Toppan Holdings to be Fairly Valued.

Key valuation signals for TONPF:

  • ROCE %: 3.95%
  • GF Value™: $28.35 vs. price of $29.99 (5.8% above fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 42.9% below the Conglomerates median

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

Toppan Holdings Business Description

Address 1-5-1 Taito, Taito-ku, Tokyo, JPN, 110-8560
Toppan Holdings Inc provides products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (the majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop solutions for customers. Operations and sales are located in Japan.
73GF Score

Get the complete analysis for TONPF

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

$29.99
Price
$28.35
GF Value