Nippon Dry-Chemical Co (TSE:1909) ROCE %: 14.46% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:1909 Nippon Dry-Chemical Co Ltd TSE:1909
74 GF Score
Price 円3,695.00
GF Value 円1,034.07
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nippon Dry-Chemical Co ROCE %?

Nippon Dry-Chemical Co TSE:1909 +0.14% 74 ROCE % is 14.46% as of Mar. 2026. GuruFocus rates TSE:1909 with a GF Score™ of 74/100 and a GF Value™ of 円1,034.07 (Significantly Overvalued). 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. Nippon Dry-Chemical Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.46%.

Nippon Dry-Chemical Co  (TSE:1909) 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.

Nippon Dry-Chemical Co ROCE % Related Terms

Nippon Dry-Chemical Co ROCE % Historical Data

* Premium members only.

The historical data trend for Nippon Dry-Chemical 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.

Nippon Dry-Chemical Co ROCE % Chart

Nippon Dry-Chemical 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 11.10 15.47 17.45 17.94 21.26

Nippon Dry-Chemical Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 19.52 22.00 30.27 14.46
TSE:1909
74GF Score
Nippon Dry-Chemical Co Ltd TSE:1909
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Dry-Chemical Co ROCE % Calculation

Nippon Dry-Chemical 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 )
=7836.748/( ( (50939.579 - 17105.986) + (57023.919 - 17146.66) )/ 2 )
=7836.748/( (33833.593+39877.259)/ 2 )
=7836.748/36855.426
=21.26 %

Nippon Dry-Chemical 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 )
=5613.104/( ( (53218.856 - 15486.122) + (57023.919 - 17146.66) )/ 2 )
=5613.104/( ( 37732.734 + 39877.259 )/ 2 )
=5613.104/38804.9965
=14.46 %

(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 14.46% mean?
Nippon Dry-Chemical Co (TSE:1909) has a ROCE % of 14.46% as of Mar. 2026.
Is Nippon Dry-Chemical Co's ROCE % too high?
Nippon Dry-Chemical Co's current ROCE % is 14.46%. The Business Services industry median ROCE % is 9.00. Nippon Dry-Chemical Co's value of 14.46% is 60.8% above this industry median. Overall, Nippon Dry-Chemical Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Dry-Chemical Co's ROCE % compare to ALLE and MSA?
Nippon Dry-Chemical Co's ROCE % of 14.46% can be compared against companies in the Business Services industry. The industry median ROCE % is 9.00. Nippon Dry-Chemical Co's value of 14.46% is 60.8% 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 Business Services company?
The median ROCE % among Business Services companies is 9.00, based on 1,072 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. Nippon Dry-Chemical Co's current ROCE % of 14.46% is 60.8% 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 Business Services industry, the median ROCE % is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Dry-Chemical Co's current ROCE % is 14.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Dry-Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Dry-Chemical Co (TSE:1909) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,034.07, compared to a current price of 円3,695.00 — trading 257.3% above its estimated fair value. The current ROCE % is 14.46% and 60.8% above the Business Services industry median of 9.00. Nippon Dry-Chemical Co's overall GF Score™ is 74/100 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 Nippon Dry-Chemical Co (TSE:1909), the current ROCE % is 14.46% 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 Nippon Dry-Chemical Co (TSE:1909) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Dry-Chemical Co stock appears to be overvalued. The current stock price of 円3,695.00 is trading 257.3% above its estimated GF Value™ of 円1,034.07. GuruFocus considers Nippon Dry-Chemical Co to be Significantly Overvalued.

Key valuation signals for TSE:1909:

  • ROCE %: 14.46%
  • GF Value™: 円1,034.07 vs. price of 円3,695.00 (257.3% above fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 60.8% above the Business Services median

No single metric tells the full story. See the TSE:1909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nippon Dry-Chemical Co Business Description

Address 2-3-1,Daiba,Minato-ku, Tokyo, JPN
Nippon Dry-Chemical Co Ltd designs, manufactures, sells, and installs fire extinguishing equipment, fire engines and security systems in Japan. The company offers sprinkler systems; drencher equipment; sprinkler systems for apartment buildings; automatic fire alarm systems; water ejector sprinkler systems; indoor/outdoor hydrants; tunnel disaster prevention systems; and consolidated water pipes among other products.
74GF Score

Get the complete analysis for TSE:1909

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

円3,695.00
Price
円1,034.07
GF Value