Ajinomoto Co (TSE:2802) ROCE %: 18.35% (As of Mar. 2026)


TSE:2802 Ajinomoto Co Inc TSE:2802
79 GF Score
Price 円5,480.00
GF Value 円3,684.00
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Ajinomoto Co ROCE %?

Ajinomoto Co TSE:2802 -3.04% 79 ROCE % is 18.35% as of Mar. 2026. GuruFocus rates TSE:2802 with a GF Score™ of 79/100 and a GF Value™ of 円3,684.00 (Significantly Overvalued). The stock has 6 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. Ajinomoto Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 18.35%.

Ajinomoto Co  (TSE:2802) 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.

Ajinomoto Co ROCE % Related Terms

Ajinomoto Co ROCE % Historical Data

* Premium members only.

The historical data trend for Ajinomoto 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.

Ajinomoto Co ROCE % Chart

Ajinomoto 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 11.80 13.45 12.67 9.43 15.44

Ajinomoto 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 -4.27 15.74 10.65 17.88 18.35
TSE:2802
79GF Score
Ajinomoto Co Inc TSE:2802
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ajinomoto Co ROCE % Calculation

Ajinomoto 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 )
=208433/( ( (1721131 - 384588) + (1812346 - 449063) )/ 2 )
=208433/( (1336543+1363283)/ 2 )
=208433/1349913
=15.44 %

Ajinomoto 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 )
=250312/( ( (1897365 - 533185) + (1812346 - 449063) )/ 2 )
=250312/( ( 1364180 + 1363283 )/ 2 )
=250312/1363731.5
=18.35 %

(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 18.35% mean?
Ajinomoto Co (TSE:2802) has a ROCE % of 18.35% as of Mar. 2026.
Is Ajinomoto Co's ROCE % too high?
Ajinomoto Co's current ROCE % is 18.35%. The Consumer Packaged Goods industry median ROCE % is 8.78. Ajinomoto Co's value of 18.35% is 109.1% above this industry median. Overall, Ajinomoto Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ajinomoto Co's ROCE % compare to KHC and GIS?
Ajinomoto Co's ROCE % of 18.35% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROCE % is 8.78. Ajinomoto Co's value of 18.35% is 109.1% 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 Consumer Packaged Goods company?
The median ROCE % among Consumer Packaged Goods companies is 8.78, based on 1,938 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. Ajinomoto Co's current ROCE % of 18.35% is 109.1% 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 Consumer Packaged Goods industry, the median ROCE % is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajinomoto Co's current ROCE % is 18.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajinomoto Co stock overvalued right now?
Based on GuruFocus' analysis, Ajinomoto Co (TSE:2802) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,684.00, compared to a current price of 円5,480.00 — trading 48.8% above its estimated fair value. The current ROCE % is 18.35% and 109.1% above the Consumer Packaged Goods industry median of 8.78. Ajinomoto Co's overall GF Score™ is 79/100 with 6 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 Ajinomoto Co (TSE:2802), the current ROCE % is 18.35% 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 Ajinomoto Co (TSE:2802) Overvalued in 2026?

Based on GuruFocus' analysis, Ajinomoto Co stock appears to be overvalued. The current stock price of 円5,480.00 is trading 48.8% above its estimated GF Value™ of 円3,684.00. GuruFocus considers Ajinomoto Co to be Significantly Overvalued.

Key valuation signals for TSE:2802:

  • ROCE %: 18.35%
  • GF Value™: 円3,684.00 vs. price of 円5,480.00 (48.8% above fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 109.1% above the Consumer Packaged Goods median

No single metric tells the full story. See the TSE:2802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ajinomoto Co Business Description

Address 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, JPN, 104-8315
Ajinomoto was founded in 1909, and it began manufacturing the world's first umami seasoning, MSG, made from amino acids. It has since grown to be one of the top manufacturers of sauces and seasonings and has diversified into frozen foods and the manufacture of other amino acid-based materials. Its sauces and seasonings are sold across Southeast Asia, Europe, and the Americas and are found in most supermarkets, making up approximately 60% of its revenue. The remaining 40% is roughly divided into the healthcare and others segment and the frozen food segment. Its healthcare and others segment also includes functional materials, which include an organic resin material, Ajinomoto Build-up Film, which is currently the industry standard for ABF substrates for semiconductors.
79GF Score

Get the complete analysis for TSE:2802

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

円5,480.00
Price
円3,684.00
GF Value