Ichigo (TSE:2337) ROCE %: 10.23% (As of Feb. 2026)

What is Ichigo ROCE %?

Ichigo TSE:2337 +2.35% 86 ROCE % is 10.23% as of Feb. 2026. GuruFocus rates TSE:2337 with a GF Score™ of 86/100 and a GF Value™ of 円477.79 (Fairly Valued). The stock has 3 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. Ichigo's annualized ROCE % for the quarter that ended in Feb. 2026 was 10.23%.

Ichigo (TSE:2337) 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.

Ichigo ROCE % Related Terms

Ichigo ROCE % Historical Data

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The historical data trend for Ichigo'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.

Ichigo ROCE % Chart

Ichigo Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

ROCE %

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3.72

5.15

6.45

7.22

7.69

Ichigo Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
ROCE %	Get a 7-Day Free Trial															10.03	4.73	11.02	4.14	10.23

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Ichigo Inc TSE:2337

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Ichigo ROCE % Calculation

Ichigo's annualized ROCE % for the fiscal year that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	28846	/	( ( (406715 - 29143)	+	(435820 - 62848) )	/ 2 )
	=	28846	/	( (377572	+	372972)	/ 2 )
	=	28846	/	375272
	=	7.69 %

Ichigo's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	39644	/	( ( (444045 - 41599)	+	(435820 - 62848) )	/ 2 )
	=	39644	/	( ( 402446	+	372972 )	/ 2 )
	=	39644	/	387709
	=	10.23 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 10.23% mean?

Ichigo (TSE:2337) has a ROCE % of 10.23% as of Feb. 2026.

Is Ichigo's ROCE % too high?

Ichigo's current ROCE % is 10.23%. The Real Estate industry median ROCE % is 4.64. Ichigo's value of 10.23% is 120.5% above this industry median. Overall, Ichigo has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Ichigo's ROCE % compare to CBRE and BEKE?

Ichigo's ROCE % of 10.23% can be compared against companies in the Real Estate industry. The industry median ROCE % is 4.64. Ichigo's value of 10.23% is 120.5% 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 Real Estate company?

The median ROCE % among Real Estate companies is 4.64, based on 1,760 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. Ichigo's current ROCE % of 10.23% is 120.5% 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 Real Estate industry, the median ROCE % is 4.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichigo's current ROCE % is 10.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ichigo stock overvalued right now?

Based on GuruFocus' analysis, Ichigo (TSE:2337) is currently considered Fairly Valued. The stock's GF Value™ is 円477.79, compared to a current price of 円435.00 — trading 9% below its estimated fair value. The current ROCE % is 10.23% and 120.5% above the Real Estate industry median of 4.64. Ichigo's overall GF Score™ is 86/100 with 3 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 Ichigo (TSE:2337), the current ROCE % is 10.23% as of Feb. 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 Ichigo (TSE:2337) Overvalued in 2026?

Based on GuruFocus' analysis, Ichigo stock appears to be undervalued. The current stock price of 円435.00 is trading 9% below its estimated GF Value™ of 円477.79. GuruFocus considers Ichigo to be Fairly Valued.

Key valuation signals for TSE:2337:

ROCE %: 10.23%
GF Value™: 円477.79 vs. price of 円435.00 (9% below fair value)
GF Score™: 86/100 with 3 warning signs
Industry Position: 120.5% above the Real Estate median

No single metric tells the full story. See the TSE:2337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ichigo Business Description

Industry Real Estate Real Estate

Comparable Companies TSE:8848 TSE:1766 TSE:8934 TSE:3465 TSE:8818 TSE:8841 TSE:2986 TSE:2780 TSE:3479 TSE:3252 STC:VIC CBRE ISX:DCII XMAD:CLNX TSE:8830 XTER:VNA XTAE:AZRG BEKE HKSE:01972 ADX:MODON

Address 2-6-1 Marunouchi, 17th Floor, The Imperial Hotel Tower, Chiyoda-ku, Tokyo, JPN, 100-0011

Website https://www.ichigo.gr.jp

Ichigo Inc is a Japanese real estate owner and operator, and clean energy producer. It manages several real estate investment trusts and operates solar plants across Japan. REIT opportunities include midsize hotel and office properties. Revenue is generated through fees via the management of the Ichigo REIT and private funds, and other fee-generating real estate services related to sourcing, financing, operation, property management, facility management, and disposition of real estate assets. Additional income is generated through the sale of properties and rental income. Clean Energy services involve the production of mega solar power.

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円435.00

Price

円477.79

GF Value

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