Choei (TSE:2993) ROCE %: 3.45% (As of Mar. 2026)


TSE:2993 Choei Inc TSE:2993
62 GF Score
Price 円2,084.00
GF Value 円2,465.20
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Choei ROCE %?

Choei TSE:2993 -3.02% 62 ROCE % is 3.45% as of Mar. 2026. GuruFocus rates TSE:2993 with a GF Score™ of 62/100 and a GF Value™ of 円2,465.20 (Modestly Undervalued). 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. Choei's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.45%.

Choei  (TSE:2993) 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.

Choei ROCE % Related Terms

Choei ROCE % Historical Data

* Premium members only.

The historical data trend for Choei'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.

Choei ROCE % Chart

Choei Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial 6.00 4.89 4.37 6.05 3.42

Choei Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.08 4.23 8.01 3.43 3.45
TSE:2993
62GF Score
Choei Inc TSE:2993
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Choei ROCE % Calculation

Choei'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 )
=2236.925/( ( (66685.852 - 4127.558) + (73016.327 - 4688.226) )/ 2 )
=2236.925/( (62558.294+68328.101)/ 2 )
=2236.925/65443.1975
=3.42 %

Choei'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 )
=2292.102/( ( (68717.421 - 3990.93) + (73016.327 - 4688.226) )/ 2 )
=2292.102/( ( 64726.491 + 68328.101 )/ 2 )
=2292.102/66527.296
=3.45 %

(1) Note: The EBIT data used here is two times the semi-annual (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 3.45% mean?
Choei (TSE:2993) has a ROCE % of 3.45% as of Mar. 2026.
Is Choei's ROCE % too high?
Choei's current ROCE % is 3.45%. The Real Estate industry median ROCE % is 4.64. Choei's value of 3.45% is 25.6% below this industry median. Overall, Choei has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Choei's ROCE % compare to CBRE and BEKE?
Choei's ROCE % of 3.45% can be compared against companies in the Real Estate industry. The industry median ROCE % is 4.64. Choei's value of 3.45% is 25.6% below 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. Choei's current ROCE % of 3.45% is 25.6% below 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. Choei's current ROCE % is 3.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choei stock overvalued right now?
Based on GuruFocus' analysis, Choei (TSE:2993) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,465.20, compared to a current price of 円2,084.00 — trading 15.5% below its estimated fair value. The current ROCE % is 3.45% and 25.6% below the Real Estate industry median of 4.64. Choei's overall GF Score™ is 62/100 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 Choei (TSE:2993), the current ROCE % is 3.45% 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 Choei (TSE:2993) Overvalued in 2026?

Based on GuruFocus' analysis, Choei stock appears to be undervalued. The current stock price of 円2,084.00 is trading 15.5% below its estimated GF Value™ of 円2,465.20. GuruFocus considers Choei to be Modestly Undervalued.

Key valuation signals for TSE:2993:

  • ROCE %: 3.45%
  • GF Value™: 円2,465.20 vs. price of 円2,084.00 (15.5% below fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 25.6% below the Real Estate median

No single metric tells the full story. See the TSE:2993 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Choei Business Description

Address 70 Fukakusa Nishiuracho 3-chome, 5th Choei Astro Building, Fushimi-ku, Kyoto, JPN
Choei Inc is engaged in the real estate management and real estate rental businesses. The real estate management business provides necessary services for rental property management, such as building maintenance, renovation work, and rental brokerage (leasing), in addition to tenant management, and the real estate rental business mainly handles the rental of its properties and subleased properties. The company's reportable segments are Property Rental Business, which generates the maximum revenue, and the Property Management Business.
62GF Score

Get the complete analysis for TSE:2993

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

円2,084.00
Price
円2,465.20
GF Value