HIMACS (TSE:4299) ROCE %: 15.03% (As of Mar. 2026)


TSE:4299 HIMACS Ltd TSE:4299
66 GF Score
Price 円1,186.00
GF Value 円1,472.71
Valuation Modestly Undervalued
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What is HIMACS ROCE %?

HIMACS TSE:4299 +1.28% 66 ROCE % is 15.03% as of Mar. 2026. GuruFocus rates TSE:4299 with a GF Score™ of 66/100 and a GF Value™ of 円1,472.71 (Modestly Undervalued).

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. HIMACS's annualized ROCE % for the quarter that ended in Mar. 2026 was 15.03%.

HIMACS  (TSE:4299) 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.

HIMACS ROCE % Related Terms

HIMACS ROCE % Historical Data

* Premium members only.

The historical data trend for HIMACS'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.

HIMACS ROCE % Chart

HIMACS 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 18.32 17.90 15.69 15.51 13.45

HIMACS 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 18.31 14.06 16.99 11.22 15.03
TSE:4299
66GF Score
HIMACS Ltd TSE:4299
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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HIMACS ROCE % Calculation

HIMACS'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 )
=1562/( ( (14430 - 2402) + (13522 - 2326) )/ 2 )
=1562/( (12028+11196)/ 2 )
=1562/11612
=13.45 %

HIMACS'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 )
=1762/( ( (14456 - 2204) + (13522 - 2326) )/ 2 )
=1762/( ( 12252 + 11196 )/ 2 )
=1762/11724
=15.03 %

(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 15.03% mean?
HIMACS (TSE:4299) has a ROCE % of 15.03% as of Mar. 2026.
Is HIMACS's ROCE % too high?
HIMACS's current ROCE % is 15.03%. The Software industry median ROCE % is 5.18. HIMACS's value of 15.03% is 190.4% above this industry median. Overall, HIMACS has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HIMACS's ROCE % compare to CRM and SHOP?
HIMACS's ROCE % of 15.03% can be compared against companies in the Software industry. The industry median ROCE % is 5.18. HIMACS's value of 15.03% is 190.4% 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 Software company?
The median ROCE % among Software companies is 5.18, based on 2,710 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. HIMACS's current ROCE % of 15.03% is 190.4% 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 Software industry, the median ROCE % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HIMACS's current ROCE % is 15.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HIMACS stock overvalued right now?
Based on GuruFocus' analysis, HIMACS (TSE:4299) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,472.71, compared to a current price of 円1,186.00 — trading 19.5% below its estimated fair value. The current ROCE % is 15.03% and 190.4% above the Software industry median of 5.18. HIMACS's overall GF Score™ is 66/100. 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 HIMACS (TSE:4299), the current ROCE % is 15.03% 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 HIMACS (TSE:4299) Overvalued in 2026?

Based on GuruFocus' analysis, HIMACS stock appears to be undervalued. The current stock price of 円1,186.00 is trading 19.5% below its estimated GF Value™ of 円1,472.71. GuruFocus considers HIMACS to be Modestly Undervalued.

Key valuation signals for TSE:4299:

  • ROCE %: 15.03%
  • GF Value™: 円1,472.71 vs. price of 円1,186.00 (19.5% below fair value)
  • GF Score™: 66/100
  • Industry Position: 190.4% above the Software median

No single metric tells the full story. See the TSE:4299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HIMACS Business Description

Address 2-3-5, Minatomirai, Nishi-ku, Queen\'s Tower C, Kanagawa, Yokohama, JPN, 220-6216
HIMACS Ltd provides defined valued process for various system lifecycles in Japan. Its system solution services include the provision of consulting services, the design and development phase, testing and implementation of operating systems.
66GF Score

Get the complete analysis for TSE:4299

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

円1,186.00
Price
円1,472.71
GF Value