Chugai Ro Co (TSE:1964) ROCE %: 34.28% (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:1964 Chugai Ro Co Ltd TSE:1964
76 GF Score
Price 円4,050.00
GF Value 円4,091.06
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Chugai Ro Co ROCE %?

Chugai Ro Co TSE:1964 +1.38% 76 ROCE % is 34.28% as of Mar. 2026. GuruFocus rates TSE:1964 with a GF Score™ of 76/100 and a GF Value™ of 円4,091.06 (Fairly Valued). 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. Chugai Ro Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 34.28%.


Chugai Ro Co  (TSE:1964) 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.


Chugai Ro Co ROCE % Related Terms


Chugai Ro Co ROCE % Historical Data

* Premium members only.

The historical data trend for Chugai Ro 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.

Chugai Ro Co ROCE % Chart

Chugai Ro 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 6.55 6.64 10.99 13.20 18.75

Chugai Ro Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 12.96 6.59 23.10 34.28 -1.02
TSE:1964
76GF Score
Chugai Ro Co Ltd TSE:1964
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chugai Ro Co ROCE % Calculation

Chugai Ro 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 )
=6500/( ( (48736 - 15233) + (51282 - 15442) )/ 2 )
=6500/( (33503+35840)/ 2 )
=6500/34671.5
=18.75 %

Chugai Ro 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 )
=11924/( ( (46788 - 13064) + (51282 - 15442) )/ 2 )
=11924/( ( 33724 + 35840 )/ 2 )
=11924/34782
=34.28 %

(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 34.28% mean?
Chugai Ro Co (TSE:1964) has a ROCE % of 34.28% as of Mar. 2026.
Is Chugai Ro Co's ROCE % too high?
Chugai Ro Co's current ROCE % is 34.28%. The Industrial Products industry median ROCE % is 7.30. Chugai Ro Co's value of 34.28% is 369.6% above this industry median. Overall, Chugai Ro Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chugai Ro Co's ROCE % compare to GEV and ETN?
Chugai Ro Co's ROCE % of 34.28% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.30. Chugai Ro Co's value of 34.28% is 369.6% 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 an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.30, based on 3,032 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. Chugai Ro Co's current ROCE % of 34.28% is 369.6% 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 Industrial Products industry, the median ROCE % is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chugai Ro Co's current ROCE % is 34.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chugai Ro Co stock overvalued right now?
Based on GuruFocus' analysis, Chugai Ro Co (TSE:1964) is currently considered Fairly Valued. The stock's GF Value™ is 円4,091.06, compared to a current price of 円4,050.00 — trading 1% below its estimated fair value. The current ROCE % is 34.28% and 369.6% above the Industrial Products industry median of 7.30. Chugai Ro 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 Chugai Ro Co (TSE:1964), the current ROCE % is 34.28% 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 Chugai Ro Co (TSE:1964) Overvalued in 2026?

Based on GuruFocus' analysis, Chugai Ro Co stock appears to be undervalued. The current stock price of 円4,050.00 is trading 1% below its estimated GF Value™ of 円4,091.06. GuruFocus considers Chugai Ro Co to be Fairly Valued.

Key valuation signals for TSE:1964:

  • ROCE %: 34.28%
  • GF Value™: 円4,091.06 vs. price of 円4,050.00 (1% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 369.6% above the Industrial Products median

No single metric tells the full story. See the TSE:1964 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chugai Ro Co Business Description

Address 3-6-1 Hiranomachi, Chuo-ku, Osaka, JPN, 541-0046
Chugai Ro Co Ltd is engaged in the development of technologies in the thermal technology field. The company operates through three segments namely Energy, Environmental preservation, and Information or communications. It offers various products including heat treatment furnaces for automobile machine parts, steel and nonferrous-metal heating furnaces, gas burner, film coating and drying equipment and environmental equipment and others.
76GF Score

Get the complete analysis for TSE:1964

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

円4,050.00
Price
円4,091.06
GF Value