Nittoc Construction Co (TSE:1929) ROCE %: 20.12% (As of Mar. 2026)

What is Nittoc Construction Co ROCE %?

Nittoc Construction Co TSE:1929 +1.57% 71 ROCE % is 20.12% as of Mar. 2026. GuruFocus rates TSE:1929 with a GF Score™ of 71/100 and a GF Value™ of 円1,290.47 (Modestly Undervalued). 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. Nittoc Construction Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 20.12%.

Nittoc Construction Co (TSE:1929) 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.

Nittoc Construction Co ROCE % Related Terms

Nittoc Construction Co ROCE % Historical Data

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The historical data trend for Nittoc Construction 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.

Nittoc Construction Co ROCE % Chart

Nittoc Construction Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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14.69

15.29

12.16

9.60

14.59

Nittoc Construction Co Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
ROCE %	Get a 7-Day Free Trial															14.92	2.57	16.87	9.26	20.12

71GF Score

Nittoc Construction Co Ltd TSE:1929

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

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Nittoc Construction Co ROCE % Calculation

Nittoc Construction 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 )
	=	5976	/	( ( (56946 - 17547)	+	(62395 - 19847) )	/ 2 )
	=	5976	/	( (39399	+	42548)	/ 2 )
	=	5976	/	40973.5
	=	14.59 %

Nittoc Construction 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: Sep. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Sep. 2025 )		(Q: Mar. 2026 )
	=	8284	/	( ( (57694 - 17879)	+	(62395 - 19847) )	/ 2 )
	=	8284	/	( ( 39815	+	42548 )	/ 2 )
	=	8284	/	41181.5
	=	20.12 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 20.12% mean?

Nittoc Construction Co (TSE:1929) has a ROCE % of 20.12% as of Mar. 2026.

Is Nittoc Construction Co's ROCE % too high?

Nittoc Construction Co's current ROCE % is 20.12%. The Construction industry median ROCE % is 8.22. Nittoc Construction Co's value of 20.12% is 144.8% above this industry median. Overall, Nittoc Construction Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Nittoc Construction Co's ROCE % compare to PWR and FIX?

Nittoc Construction Co's ROCE % of 20.12% can be compared against companies in the Construction industry. The industry median ROCE % is 8.22. Nittoc Construction Co's value of 20.12% is 144.8% 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 Construction company?

The median ROCE % among Construction companies is 8.22, based on 1,749 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. Nittoc Construction Co's current ROCE % of 20.12% is 144.8% 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 Construction industry, the median ROCE % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nittoc Construction Co's current ROCE % is 20.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nittoc Construction Co stock overvalued right now?

Based on GuruFocus' analysis, Nittoc Construction Co (TSE:1929) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,290.47, compared to a current price of 円1,098.00 — trading 14.9% below its estimated fair value. The current ROCE % is 20.12% and 144.8% above the Construction industry median of 8.22. Nittoc Construction Co's overall GF Score™ is 71/100 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 Nittoc Construction Co (TSE:1929), the current ROCE % is 20.12% 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 Nittoc Construction Co (TSE:1929) Overvalued in 2026?

Based on GuruFocus' analysis, Nittoc Construction Co stock appears to be undervalued. The current stock price of 円1,098.00 is trading 14.9% below its estimated GF Value™ of 円1,290.47. GuruFocus considers Nittoc Construction Co to be Modestly Undervalued.

Key valuation signals for TSE:1929:

ROCE %: 20.12%
GF Value™: 円1,290.47 vs. price of 円1,098.00 (14.9% below fair value)
GF Score™: 71/100 with 2 warning signs
Industry Position: 144.8% above the Construction median

No single metric tells the full story. See the TSE:1929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nittoc Construction Co Business Description

Industry Industrials Construction

Comparable Companies TSE:1930 TSE:1793 TSE:1827 TSE:1967 TSE:1888 TSE:1887 TSE:1786 TSE:1813 TSE:1898 TSE:3431 PWR XPAR:DG FIX NSE:LT XAMS:FER XKRX:028260 XTER:HOT XMAD:ACS EME MTZ

Address 10-6, 3-Chome, Higashi-nihonbashi, Daiwa Higashi-nihonbashi Building, 4th Floor 5th Floor 6th Floor, Chuo-ku, Tokyo, JPN, 103-0004

Website http://www.nittoc.co.jp

Nittoc Construction Co Ltd is engaged in the construction business as well as several other business activities such as sales of merchandise and materials. Its services include Revegetation Works, Temporary Anchoring Works, Riverbank and Shoreline Embankment Protection, Slope Stabilization and Vegetation Works, Slope Protection, Landslide Mitigation Works, Rock Slope Failure Prevention, Ground Anchors and Anchored Systems, Retaining Walls Construction, and Structural Diagnostics.

71GF Score

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

円1,098.00

Price

円1,290.47

GF Value

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