Nihon Dengi Co (TSE:1723) ROCE %: 33.22% (As of Mar. 2026)


TSE:1723 Nihon Dengi Co Ltd TSE:1723
84 GF Score
Price 円2,305.00
GF Value 円955.50
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Nihon Dengi Co ROCE %?

Nihon Dengi Co TSE:1723 +0.39% 84 ROCE % is 33.22% as of Mar. 2026. GuruFocus rates TSE:1723 with a GF Score™ of 84/100 and a GF Value™ of 円955.50 (Significantly Overvalued). The stock has 1 warning sign 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. Nihon Dengi Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 33.22%.

Nihon Dengi Co  (TSE:1723) 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.

Nihon Dengi Co ROCE % Related Terms

Nihon Dengi Co ROCE % Historical Data

* Premium members only.

The historical data trend for Nihon Dengi 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.

Nihon Dengi Co ROCE % Chart

Nihon Dengi 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 14.23 14.66 18.52 23.94 26.72

Nihon Dengi Co 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 33.96 12.38 27.20 33.52 33.22
TSE:1723
84GF Score
Nihon Dengi Co Ltd TSE:1723
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nihon Dengi Co ROCE % Calculation

Nihon Dengi 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 )
=11825/( ( (52886 - 12308) + (61099 - 13162) )/ 2 )
=11825/( (40578+47937)/ 2 )
=11825/44257.5
=26.72 %

Nihon Dengi 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: 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 )
=15636/( ( (54974 - 8765) + (61099 - 13162) )/ 2 )
=15636/( ( 46209 + 47937 )/ 2 )
=15636/47073
=33.22 %

(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 33.22% mean?
Nihon Dengi Co (TSE:1723) has a ROCE % of 33.22% as of Mar. 2026.
Is Nihon Dengi Co's ROCE % too high?
Nihon Dengi Co's current ROCE % is 33.22%. The Hardware industry median ROCE % is 5.81. Nihon Dengi Co's value of 33.22% is 471.8% above this industry median. Overall, Nihon Dengi Co has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Dengi Co's ROCE % compare to APH and GLW?
Nihon Dengi Co's ROCE % of 33.22% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.81. Nihon Dengi Co's value of 33.22% is 471.8% 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 Hardware company?
The median ROCE % among Hardware companies is 5.81, based on 2,449 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. Nihon Dengi Co's current ROCE % of 33.22% is 471.8% 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 Hardware industry, the median ROCE % is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Dengi Co's current ROCE % is 33.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Dengi Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Dengi Co (TSE:1723) is currently considered Significantly Overvalued. The stock's GF Value™ is 円955.50, compared to a current price of 円2,305.00 — trading 141.2% above its estimated fair value. The current ROCE % is 33.22% and 471.8% above the Hardware industry median of 5.81. Nihon Dengi Co's overall GF Score™ is 84/100 with 1 warning sign 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 Nihon Dengi Co (TSE:1723), the current ROCE % is 33.22% 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 Nihon Dengi Co (TSE:1723) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Dengi Co stock appears to be overvalued. The current stock price of 円2,305.00 is trading 141.2% above its estimated GF Value™ of 円955.50. GuruFocus considers Nihon Dengi Co to be Significantly Overvalued.

Key valuation signals for TSE:1723:

  • ROCE %: 33.22%
  • GF Value™: 円955.50 vs. price of 円2,305.00 (141.2% above fair value)
  • GF Score™: 84/100 with 1 warning sign
  • Industry Position: 471.8% above the Hardware median

No single metric tells the full story. See the TSE:1723 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nihon Dengi Co Business Description

Address 2 - 10 - 14 Sumida - ku, Tokyo, JPN
Nihon Dengi Co Ltd designs, constructs, and maintain control boards, automatic control system, monitoring boards, among others.
84GF Score

Get the complete analysis for TSE:1723

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

円2,305.00
Price
円955.50
GF Value