Ray (TSE:4317) ROCE %: 29.71% (As of Feb. 2026)

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TSE:4317 Ray Corp TSE:4317
79 GF Score
Price 円493.00
GF Value 円565.59
Valuation Modestly Undervalued
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What is Ray ROCE %?

Ray TSE:4317 +1.65% 79 ROCE % is 29.71% as of Feb. 2026. GuruFocus rates TSE:4317 with a GF Score™ of 79/100 and a GF Value™ of 円565.59 (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. Ray's annualized ROCE % for the quarter that ended in Feb. 2026 was 29.71%.

Ray  (TSE:4317) 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.

Ray ROCE % Related Terms

Ray ROCE % Historical Data

* Premium members only.

The historical data trend for Ray'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.

Ray ROCE % Chart

Ray 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 15.05 20.12 18.69 15.21 13.91

Ray Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 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 33.36 7.08 23.93 22.10 29.71
TSE:4317
79GF Score
Ray Corp TSE:4317
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ray ROCE % Calculation

Ray'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 )
=1044.926/( ( (9120.957 - 2153.322) + (10906.533 - 2846.371) )/ 2 )
=1044.926/( (6967.635+8060.162)/ 2 )
=1044.926/7513.8985
=13.91 %

Ray'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: Aug. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=2265.724/( ( (10134.3 - 2943.659) + (10906.533 - 2846.371) )/ 2 )
=2265.724/( ( 7190.641 + 8060.162 )/ 2 )
=2265.724/7625.4015
=29.71 %

(1) Note: The EBIT data used here is two times the semi-annual (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 29.71% mean?
Ray (TSE:4317) has a ROCE % of 29.71% as of Feb. 2026.
Is Ray's ROCE % too high?
Ray's current ROCE % is 29.71%. The Media - Diversified industry median ROCE % is 3.08. Ray's value of 29.71% is 864.6% above this industry median. Overall, Ray has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ray's ROCE % compare to NFLX and DIS?
Ray's ROCE % of 29.71% can be compared against companies in the Media - Diversified industry. The industry median ROCE % is 3.08. Ray's value of 29.71% is 864.6% 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 Media - Diversified company?
The median ROCE % among Media - Diversified companies is 3.08, based on 979 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. Ray's current ROCE % of 29.71% is 864.6% 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 Media - Diversified industry, the median ROCE % is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray's current ROCE % is 29.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray stock overvalued right now?
Based on GuruFocus' analysis, Ray (TSE:4317) is currently considered Modestly Undervalued. The stock's GF Value™ is 円565.59, compared to a current price of 円493.00 — trading 12.8% below its estimated fair value. The current ROCE % is 29.71% and 864.6% above the Media - Diversified industry median of 3.08. Ray's overall GF Score™ is 79/100. 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 Ray (TSE:4317), the current ROCE % is 29.71% 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 Ray (TSE:4317) Overvalued in 2026?

Based on GuruFocus' analysis, Ray stock appears to be undervalued. The current stock price of 円493.00 is trading 12.8% below its estimated GF Value™ of 円565.59. GuruFocus considers Ray to be Modestly Undervalued.

Key valuation signals for TSE:4317:

  • ROCE %: 29.71%
  • GF Value™: 円565.59 vs. price of 円493.00 (12.8% below fair value)
  • GF Score™: 79/100
  • Industry Position: 864.6% above the Media - Diversified median

No single metric tells the full story. See the TSE:4317 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ray Business Description

Address 6-15-21 Roppongi, Hakus Roppongi Building, Minato-ku, Tokyo, JPN, 106-0032
Ray Corp is a Japan-based advertising company that operates in two business segments. The Advertising Solution segment has two divisions: the SP and event division, which handles planning and production of sales promotions, campaigns, expos, and showrooms; and the TVCM division, which creates TV commercials and promotional videos. The Technical Solution segment includes a video equipment rental division for events and business presentations, and a post-production division offering video editing, DVD/Blu-ray, and CG production services.
79GF Score

Get the complete analysis for TSE:4317

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

円493.00
Price
円565.59
GF Value