Ichikawa Co (TSE:3513) ROCE %: 3.00% (As of Mar. 2026)

What is Ichikawa Co ROCE %?

Ichikawa Co TSE:3513 +1.30% 56 ROCE % is 3.00% as of Mar. 2026. GuruFocus rates TSE:3513 with a GF Score™ of 56/100 and a GF Value™ of 円1,956.07 (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. Ichikawa Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.00%.

Ichikawa Co (TSE:3513) 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.

Ichikawa Co ROCE % Related Terms

Ichikawa Co ROCE % Historical Data

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The historical data trend for Ichikawa 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.

Ichikawa Co ROCE % Chart

Ichikawa Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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3.27

4.54

4.74

4.70

6.03

Ichikawa 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															0.18	5.85	8.42	7.10	3.00

56GF Score

Ichikawa Co Ltd TSE:3513

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Ichikawa Co ROCE % Calculation

Ichikawa 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 )
	=	1636	/	( ( (29466 - 3425)	+	(32078 - 3886) )	/ 2 )
	=	1636	/	( (26041	+	28192)	/ 2 )
	=	1636	/	27116.5
	=	6.03 %

Ichikawa 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 )
	=	836	/	( ( (31214 - 3583)	+	(32078 - 3886) )	/ 2 )
	=	836	/	( ( 27631	+	28192 )	/ 2 )
	=	836	/	27911.5
	=	3.00 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 3.00% mean?

Ichikawa Co (TSE:3513) has a ROCE % of 3.00% as of Mar. 2026.

Is Ichikawa Co's ROCE % too high?

Ichikawa Co's current ROCE % is 3.00%. The Forest Products industry median ROCE % is 3.38. Ichikawa Co's value of 3.00% is 11.2% below this industry median. Overall, Ichikawa Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Ichikawa Co's ROCE % compare to competitors?

Ichikawa Co's ROCE % of 3.00% can be compared against companies in the Forest Products industry. The industry median ROCE % is 3.38. Ichikawa Co's value of 3.00% is 11.2% 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 Forest Products company?

The median ROCE % among Forest Products companies is 3.38, based on 280 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. Ichikawa Co's current ROCE % of 3.00% is 11.2% 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 Forest Products industry, the median ROCE % is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichikawa Co's current ROCE % is 3.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ichikawa Co stock overvalued right now?

Based on GuruFocus' analysis, Ichikawa Co (TSE:3513) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,956.07, compared to a current price of 円3,110.00 — trading 59% above its estimated fair value. The current ROCE % is 3.00% and 11.2% below the Forest Products industry median of 3.38. Ichikawa Co's overall GF Score™ is 56/100 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 Ichikawa Co (TSE:3513), the current ROCE % is 3.00% 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 Ichikawa Co (TSE:3513) Overvalued in 2026?

Based on GuruFocus' analysis, Ichikawa Co stock appears to be overvalued. The current stock price of 円3,110.00 is trading 59% above its estimated GF Value™ of 円1,956.07. GuruFocus considers Ichikawa Co to be Significantly Overvalued.

Key valuation signals for TSE:3513:

ROCE %: 3.00%
GF Value™: 円1,956.07 vs. price of 円3,110.00 (59% above fair value)
GF Score™: 56/100 with 1 warning sign
Industry Position: 11.2% below the Forest Products median

No single metric tells the full story. See the TSE:3513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ichikawa Co Business Description

Industry Basic Materials Forest Products

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Address 2-14-15 Hongo, Bunkyo-ku, Hongo 2, Tokyo, JPN, 113-8442

Website http://www.ik-felt.co.jp

Ichikawa Co Ltd is engaged in the manufacture and distribution of papermaking felts, papermaking belts, felts for slate and industrial felts in Japan. It offers papermaking press felts and belts, and shoe press and transfer belts; industrial products, such as heat-resistant conveyance equipment and cushioning material for use in the manufacture of car bodies, aluminum parts, and others.

56GF Score

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

円3,110.00

Price

円1,956.07

GF Value

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