TSI Holdings Co (TSE:3608) ROCE %: 4.74% (As of Feb. 2026)


TSE:3608 TSI Holdings Co Ltd TSE:3608
84 GF Score
Price 円1,155.00
GF Value 円1,308.79
Valuation Modestly Undervalued
! 3 Warning Signs
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What is TSI Holdings Co ROCE %?

TSI Holdings Co TSE:3608 +0.52% 84 ROCE % is 4.74% as of Feb. 2026. GuruFocus rates TSE:3608 with a GF Score™ of 84/100 and a GF Value™ of 円1,308.79 (Modestly Undervalued). 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. TSI Holdings Co's annualized ROCE % for the quarter that ended in Feb. 2026 was 4.74%.

TSI Holdings Co  (TSE:3608) 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.

TSI Holdings Co ROCE % Related Terms

TSI Holdings Co ROCE % Historical Data

* Premium members only.

The historical data trend for TSI Holdings 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.

TSI Holdings Co ROCE % Chart

TSI Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.44 2.60 3.83 21.82 5.03

TSI Holdings Co 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 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 83.80 7.21 -2.16 13.72 4.74
TSE:3608
84GF Score
TSI Holdings Co Ltd TSE:3608
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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TSI Holdings Co ROCE % Calculation

TSI Holdings Co'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 )
=6377/( ( (141159 - 26864) + (174204 - 35190) )/ 2 )
=6377/( (114295+139014)/ 2 )
=6377/126654.5
=5.03 %

TSI Holdings Co'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 )
=5760/( ( (174099 - 70058) + (174204 - 35190) )/ 2 )
=5760/( ( 104041 + 139014 )/ 2 )
=5760/121527.5
=4.74 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 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 4.74% mean?
TSI Holdings Co (TSE:3608) has a ROCE % of 4.74% as of Feb. 2026.
Is TSI Holdings Co's ROCE % too high?
TSI Holdings Co's current ROCE % is 4.74%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.14. TSI Holdings Co's value of 4.74% is 22.7% below this industry median. Overall, TSI Holdings Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSI Holdings Co's ROCE % compare to RL and LEVI?
TSI Holdings Co's ROCE % of 4.74% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.14. TSI Holdings Co's value of 4.74% is 22.7% 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 Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.14, based on 1,040 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. TSI Holdings Co's current ROCE % of 4.74% is 22.7% 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 Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSI Holdings Co's current ROCE % is 4.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSI Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, TSI Holdings Co (TSE:3608) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,308.79, compared to a current price of 円1,155.00 — trading 11.8% below its estimated fair value. The current ROCE % is 4.74% and 22.7% below the Manufacturing - Apparel & Accessories industry median of 6.14. TSI Holdings Co's overall GF Score™ is 84/100 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 TSI Holdings Co (TSE:3608), the current ROCE % is 4.74% 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 TSI Holdings Co (TSE:3608) Overvalued in 2026?

Based on GuruFocus' analysis, TSI Holdings Co stock appears to be undervalued. The current stock price of 円1,155.00 is trading 11.8% below its estimated GF Value™ of 円1,308.79. GuruFocus considers TSI Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:3608:

  • ROCE %: 4.74%
  • GF Value™: 円1,308.79 vs. price of 円1,155.00 (11.8% below fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 22.7% below the Manufacturing - Apparel & Accessories median

No single metric tells the full story. See the TSE:3608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TSI Holdings Co Business Description

Address 8-5-27 Akasaka, Minato-ku, Tokyo, JPN
TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. The majority of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest-selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.
84GF Score

Get the complete analysis for TSE:3608

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

円1,155.00
Price
円1,308.79
GF Value