Hikari Business Form Co (TSE:3948) ROCE %: 3.22% (As of Dec. 2025)

What is Hikari Business Form Co ROCE %?

Hikari Business Form Co TSE:3948 -0.79% 55 ROCE % is 3.22% as of Dec. 2025. GuruFocus rates TSE:3948 with a GF Score™ of 55/100 and a GF Value™ of 円673.57 (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. Hikari Business Form Co's annualized ROCE % for the quarter that ended in Dec. 2025 was 3.22%.

Hikari Business Form Co (TSE:3948) 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.

Hikari Business Form Co ROCE % Related Terms

Hikari Business Form Co ROCE % Historical Data

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The historical data trend for Hikari Business Form 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.

Hikari Business Form Co ROCE % Chart

Hikari Business Form Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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14.89

21.04

11.52

2.74

2.66

Hikari Business Form Co Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROCE %	Get a 7-Day Free Trial															4.81	1.70	3.79	2.12	3.22

55GF Score

Hikari Business Form Co Ltd TSE:3948

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

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Hikari Business Form Co ROCE % Calculation

Hikari Business Form Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	265.573	/	( ( (11099.153 - 1298.949)	+	(11555.21 - 1365.665) )	/ 2 )
	=	265.573	/	( (9800.204	+	10189.545)	/ 2 )
	=	265.573	/	9994.8745
	=	2.66 %

Hikari Business Form Co's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	322.752	/	( ( (11491.391 - 1648.4)	+	(11555.21 - 1365.665) )	/ 2 )
	=	322.752	/	( ( 9842.991	+	10189.545 )	/ 2 )
	=	322.752	/	10016.268
	=	3.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 3.22% mean?

Hikari Business Form Co (TSE:3948) has a ROCE % of 3.22% as of Dec. 2025.

Is Hikari Business Form Co's ROCE % too high?

Hikari Business Form Co's current ROCE % is 3.22%. The Business Services industry median ROCE % is 9.00. Hikari Business Form Co's value of 3.22% is 64.2% below this industry median. Overall, Hikari Business Form Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Hikari Business Form Co's ROCE % compare to CTAS and CPRT?

Hikari Business Form Co's ROCE % of 3.22% can be compared against companies in the Business Services industry. The industry median ROCE % is 9.00. Hikari Business Form Co's value of 3.22% is 64.2% 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 Business Services company?

The median ROCE % among Business Services companies is 9.00, based on 1,072 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. Hikari Business Form Co's current ROCE % of 3.22% is 64.2% 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 Business Services industry, the median ROCE % is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hikari Business Form Co's current ROCE % is 3.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hikari Business Form Co stock overvalued right now?

Based on GuruFocus' analysis, Hikari Business Form Co (TSE:3948) is currently considered Significantly Overvalued. The stock's GF Value™ is 円673.57, compared to a current price of 円1,131.00 — trading 67.9% above its estimated fair value. The current ROCE % is 3.22% and 64.2% below the Business Services industry median of 9.00. Hikari Business Form Co's overall GF Score™ is 55/100 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 Hikari Business Form Co (TSE:3948), the current ROCE % is 3.22% as of Dec. 2025. 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 Hikari Business Form Co (TSE:3948) Overvalued in 2026?

Based on GuruFocus' analysis, Hikari Business Form Co stock appears to be overvalued. The current stock price of 円1,131.00 is trading 67.9% above its estimated GF Value™ of 円673.57. GuruFocus considers Hikari Business Form Co to be Significantly Overvalued.

Key valuation signals for TSE:3948:

ROCE %: 3.22%
GF Value™: 円673.57 vs. price of 円1,131.00 (67.9% above fair value)
GF Score™: 55/100 with 6 warning signs
Industry Position: 64.2% below the Business Services median

No single metric tells the full story. See the TSE:3948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hikari Business Form Co Business Description

Industry Industrials Business Services

Comparable Companies TSE:2480 TSE:7883 TSE:7833 TSE:9313 TSE:6092 TSE:7812 TSE:7922 TSE:7916 TSE:6093 TSE:2483 CTAS LSE:REL TSX:TRI CPRT TSX:RBA ULS GPN ASX:BXB ARMK XAMS:WKL

Address 553, Higashiasakawa town, Hachioji, Tokyo, JPN, 193-0834

Website https://hikaribf.co.jp

Hikari Business Form Co Ltd is engaged in providing printing services. The services offered by the company are commercial printing, business process outsourcing, post process, web solution, DPP, and others.

55GF Score

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

円1,131.00

Price

円673.57

GF Value

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