Meiji Electric Industries Co (TSE:3388) ROCE %: 11.67% (As of Mar. 2026)

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TSE:3388 Meiji Electric Industries Co Ltd TSE:3388
69 GF Score
Price 円2,205.00
GF Value 円1,592.09
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Meiji Electric Industries Co ROCE %?

Meiji Electric Industries Co TSE:3388 +2.18% 69 ROCE % is 11.67% as of Mar. 2026. GuruFocus rates TSE:3388 with a GF Score™ of 69/100 and a GF Value™ of 円1,592.09 (Significantly Overvalued). The stock has 1 warning sign 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. Meiji Electric Industries Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.67%.

Meiji Electric Industries Co  (TSE:3388) 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.

Meiji Electric Industries Co ROCE % Related Terms

Meiji Electric Industries Co ROCE % Historical Data

* Premium members only.

The historical data trend for Meiji Electric Industries 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.

Meiji Electric Industries Co ROCE % Chart

Meiji Electric Industries 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 9.63 10.88 10.92 10.31 10.76

Meiji Electric Industries 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 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 13.00 5.41 15.13 10.02 11.67
TSE:3388
69GF Score
Meiji Electric Industries Co Ltd TSE:3388
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Meiji Electric Industries Co ROCE % Calculation

Meiji Electric Industries 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 )
=4083.441/( ( (54208.829 - 18355.063) + (57099.476 - 17064.598) )/ 2 )
=4083.441/( (35853.766+40034.878)/ 2 )
=4083.441/37944.322
=10.76 %

Meiji Electric Industries 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 )
=4505.916/( ( (52712.334 - 15515.049) + (57099.476 - 17064.598) )/ 2 )
=4505.916/( ( 37197.285 + 40034.878 )/ 2 )
=4505.916/38616.0815
=11.67 %

(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 11.67% mean?
Meiji Electric Industries Co (TSE:3388) has a ROCE % of 11.67% as of Mar. 2026.
Is Meiji Electric Industries Co's ROCE % too high?
Meiji Electric Industries Co's current ROCE % is 11.67%. The Hardware industry median ROCE % is 5.87. Meiji Electric Industries Co's value of 11.67% is 99% above this industry median. Overall, Meiji Electric Industries Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiji Electric Industries Co's ROCE % compare to COHR and KEYS?
Meiji Electric Industries Co's ROCE % of 11.67% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.87. Meiji Electric Industries Co's value of 11.67% is 99% 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 Hardware company?
The median ROCE % among Hardware companies is 5.87, based on 2,454 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. Meiji Electric Industries Co's current ROCE % of 11.67% is 99% 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 Hardware industry, the median ROCE % is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiji Electric Industries Co's current ROCE % is 11.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Electric Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Electric Industries Co (TSE:3388) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,592.09, compared to a current price of 円2,205.00 — trading 38.5% above its estimated fair value. The current ROCE % is 11.67% and 99% above the Hardware industry median of 5.87. Meiji Electric Industries Co's overall GF Score™ is 69/100 with 1 warning sign 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 Meiji Electric Industries Co (TSE:3388), the current ROCE % is 11.67% 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 Meiji Electric Industries Co (TSE:3388) Overvalued in 2026?

Based on GuruFocus' analysis, Meiji Electric Industries Co stock appears to be overvalued. The current stock price of 円2,205.00 is trading 38.5% above its estimated GF Value™ of 円1,592.09. GuruFocus considers Meiji Electric Industries Co to be Significantly Overvalued.

Key valuation signals for TSE:3388:

  • ROCE %: 11.67%
  • GF Value™: 円1,592.09 vs. price of 円2,205.00 (38.5% above fair value)
  • GF Score™: 69/100 with 1 warning sign
  • Industry Position: 99% above the Hardware median

No single metric tells the full story. See the TSE:3388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Meiji Electric Industries Co Business Description

Address 2-13-8 Kamejima, Nakamura-ku, Aichi, Nagoya, JPN
Meiji Electric Industries Co Ltd is a distributor of factory automation components. It also sells functional parts for electric equipment and automatic power saving electrical appliances and instruments.
69GF Score

Get the complete analysis for TSE:3388

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

円2,205.00
Price
円1,592.09
GF Value