Air Water (TSE:4088) ROCE %: -9.42% (As of Sep. 2025)

What is Air Water ROCE %?

Air Water TSE:4088 -2.87% 83 ROCE % is -9.42% as of Sep. 2025. GuruFocus rates TSE:4088 with a GF Score™ of 83/100 and a GF Value™ of 円2,209.90 (Modestly Overvalued). The stock has 14 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. Air Water's annualized ROCE % for the quarter that ended in Sep. 2025 was -9.42%.

Air Water (TSE:4088) 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.

Air Water ROCE % Related Terms

Air Water ROCE % Historical Data

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The historical data trend for Air Water'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.

Air Water ROCE % Chart

Air Water Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

ROCE %

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8.03

9.20

8.28

8.38

8.68

Air Water Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25
ROCE %	Get a 7-Day Free Trial															6.32	11.88	9.79	7.99	-9.42

83GF Score

Air Water Inc TSE:4088

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

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Air Water ROCE % Calculation

Air Water's annualized ROCE % for the fiscal year that ended in Mar. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2025 )		(A: Mar. 2024 )		(A: Mar. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2025 )		(A: Mar. 2024 )		(A: Mar. 2025 )
	=	79329	/	( ( (1222696 - 317481)	+	(1250149 - 327857) )	/ 2 )
	=	79329	/	( (905215	+	922292)	/ 2 )
	=	79329	/	913753.5
	=	8.68 %

Air Water's ROCE % of for the quarter that ended in Sep. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2025 )		(Q: Jun. 2025 )		(Q: Sep. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2025 )		(Q: Jun. 2025 )		(Q: Sep. 2025 )
	=	-83212	/	( ( (1220724 - 310777)	+	(1153403 - 297446) )	/ 2 )
	=	-83212	/	( ( 909947	+	855957 )	/ 2 )
	=	-83212	/	882952
	=	-9.42 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -9.42% mean?

Air Water (TSE:4088) has a ROCE % of -9.42% as of Sep. 2025.

Is Air Water's ROCE % too high?

Air Water's current ROCE % is -9.42%. Overall, Air Water has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Air Water's ROCE % compare to LIN and SHW?

Air Water's ROCE % of -9.42% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.42. 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 Chemicals company?

The median ROCE % among Chemicals companies is 6.42, based on 1,590 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. 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 Chemicals industry, the median ROCE % is 6.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Water's current ROCE % is -9.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Air Water stock overvalued right now?

Based on GuruFocus' analysis, Air Water (TSE:4088) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,209.90, compared to a current price of 円2,778.00 — trading 25.7% above its estimated fair value. The current ROCE % is -9.42%. Air Water's overall GF Score™ is 83/100 with 14 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 Air Water (TSE:4088), the current ROCE % is -9.42% as of Sep. 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 Air Water (TSE:4088) Overvalued in 2026?

Based on GuruFocus' analysis, Air Water stock appears to be overvalued. The current stock price of 円2,778.00 is trading 25.7% above its estimated GF Value™ of 円2,209.90. GuruFocus considers Air Water to be Modestly Overvalued.

Key valuation signals for TSE:4088:

ROCE %: -9.42%
GF Value™: 円2,209.90 vs. price of 円2,778.00 (25.7% above fair value)
GF Score™: 83/100 with 14 warning signs

No single metric tells the full story. See the TSE:4088 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Air Water Business Description

Industry Basic Materials Chemicals

Comparable Companies TSE:4203 TSE:4403 TSE:4626 TSE:8012 TSE:4631 TSE:4613 TSE:4205 TSE:4401 TSE:4183 TSE:5301 LIN XPAR:AI SHW ECL APD XSWX:GIVN SHSE:600309 XSWX:SIKA SZSE:002466 OCSE:NSIS B

Other Exchanges AWTRF:USA 0AW:Germany

Address 2-12-8 Minamisenba, Chuo-ku, Osaka, JPN, 542-0081

Website https://www.awi.co.jp

Air Water Inc is a diversified conglomerate engaged in the supply of industrial gases and various other businesses and services. The company operates through five segments. The Agri & Foods segment covers the processing and distribution of fruits and vegetables, frozen foods, meat products, and contract manufacturing of beverages. The Digital & Industry segment focuses on industrial gases, electrical, and functional materials. The Energy Solutions segment deals with LP gas, kerosene, and related equipment. The Health & Safety segment provides medical gases, dental and protective materials, hospital equipment, and home medical care services. The Other Businesses segment includes logistics, salt production, overseas industrial gas operations, biomass power, and high-output UPS solutions.

83GF Score

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

円2,778.00

Price

円2,209.90

GF Value

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