Toho Chemical Industry Co (TSE:4409) ROCE %: 6.94% (As of Mar. 2026)

What is Toho Chemical Industry Co ROCE %?

Toho Chemical Industry Co TSE:4409 -0.28% 58 ROCE % is 6.94% as of Mar. 2026. GuruFocus rates TSE:4409 with a GF Score™ of 58/100 and a GF Value™ of 円627.27 (Modestly Overvalued). The stock has 4 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. Toho Chemical Industry Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.94%.

Toho Chemical Industry Co (TSE:4409) 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.

Toho Chemical Industry Co ROCE % Related Terms

Toho Chemical Industry Co ROCE % Historical Data

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The historical data trend for Toho Chemical Industry 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.

Toho Chemical Industry Co ROCE % Chart

Toho Chemical Industry Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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5.19

3.60

2.40

5.32

5.48

Toho Chemical Industry Co 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															3.18	5.73	4.71	4.24	6.94

58GF Score

Toho Chemical Industry Co Ltd TSE:4409

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

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Toho Chemical Industry Co ROCE % Calculation

Toho Chemical Industry Co'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 )
	=	2508	/	( ( (67862 - 23777)	+	(70824 - 23390) )	/ 2 )
	=	2508	/	( (44085	+	47434)	/ 2 )
	=	2508	/	45759.5
	=	5.48 %

Toho Chemical Industry Co'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 )
	=	3158	/	( ( (68297 - 24774)	+	(70824 - 23390) )	/ 2 )
	=	3158	/	( ( 43523	+	47434 )	/ 2 )
	=	3158	/	45478.5
	=	6.94 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 6.94% mean?

Toho Chemical Industry Co (TSE:4409) has a ROCE % of 6.94% as of Mar. 2026.

Is Toho Chemical Industry Co's ROCE % too high?

Toho Chemical Industry Co's current ROCE % is 6.94%. The Chemicals industry median ROCE % is 6.42. Toho Chemical Industry Co's value of 6.94% is 8.1% above this industry median. Overall, Toho Chemical Industry Co has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Toho Chemical Industry Co's ROCE % compare to LIN and SHW?

Toho Chemical Industry Co's ROCE % of 6.94% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.42. Toho Chemical Industry Co's value of 6.94% is 8.1% 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 Chemicals company?

The median ROCE % among Chemicals companies is 6.42, based on 1,595 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. Toho Chemical Industry Co's current ROCE % of 6.94% is 8.1% 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 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. Toho Chemical Industry Co's current ROCE % is 6.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Toho Chemical Industry Co stock overvalued right now?

Based on GuruFocus' analysis, Toho Chemical Industry Co (TSE:4409) is currently considered Modestly Overvalued. The stock's GF Value™ is 円627.27, compared to a current price of 円722.00 — trading 15.1% above its estimated fair value. The current ROCE % is 6.94% and 8.1% above the Chemicals industry median of 6.42. Toho Chemical Industry Co's overall GF Score™ is 58/100 with 4 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 Toho Chemical Industry Co (TSE:4409), the current ROCE % is 6.94% 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 Toho Chemical Industry Co (TSE:4409) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Chemical Industry Co stock appears to be overvalued. The current stock price of 円722.00 is trading 15.1% above its estimated GF Value™ of 円627.27. GuruFocus considers Toho Chemical Industry Co to be Modestly Overvalued.

Key valuation signals for TSE:4409:

ROCE %: 6.94%
GF Value™: 円627.27 vs. price of 円722.00 (15.1% above fair value)
GF Score™: 58/100 with 4 warning signs
Industry Position: 8.1% above the Chemicals median

No single metric tells the full story. See the TSE:4409 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Toho Chemical Industry Co Business Description

Industry Basic Materials Chemicals

Comparable Companies TSE:8152 TSE:4367 TSE:5381 TSE:4635 TSE:4627 TSE:5018 TSE:4100 TSE:4113 TSE:4231 TSE:4119 LIN XPAR:AI SHW ECL APD XSWX:GIVN SHSE:600309 XSWX:SIKA SZSE:002466 OCSE:NSIS B

Address 6-4 Akashi-cho, Chuo-Ku, Nichirei Akashi-cho Building, Tokyo, JPN, 104-0044

Website https://www.toho-chem.co.jp

Toho Chemical Industry Co Ltd is engaged in the chemical business. Its product lines are surfactants, specialty chemicals, resins, and industrial chemicals. Some of its products are chemicals for textiles, detergents, pharmaceutical formulations, and others. The company serves a range of industries from daily consumables to high-tech products industries.

58GF Score

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

円722.00

Price

円627.27

GF Value

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