Makuake (TSE:4479) ROCE %: 15.97% (As of Mar. 2026)

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TSE:4479 Makuake Inc TSE:4479
73 GF Score
Price 円920.00
GF Value 円996.47
Valuation Fairly Valued
! 1 Warning Sign
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What is Makuake ROCE %?

Makuake TSE:4479 -0.97% 73 ROCE % is 15.97% as of Mar. 2026. GuruFocus rates TSE:4479 with a GF Score™ of 73/100 and a GF Value™ of 円996.47 (Fairly Valued). The stock has 1 warning sign 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. Makuake's annualized ROCE % for the quarter that ended in Mar. 2026 was 15.97%.

Makuake  (TSE:4479) 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.

Makuake ROCE % Related Terms

Makuake ROCE % Historical Data

* Premium members only.

The historical data trend for Makuake'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.

Makuake ROCE % Chart

Makuake Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROCE %
Get a 7-Day Free Trial Premium Member Only 6.84 -5.16 -9.05 -1.22 8.49

Makuake Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 11.80 1.99 23.78 15.97 15.12
TSE:4479
73GF Score
Makuake Inc TSE:4479
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Makuake ROCE % Calculation

Makuake's annualized ROCE % for the fiscal year that ended in Sep. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=447.264/( ( (6645.875 - 1581.841) + (7449.638 - 1978.755) )/ 2 )
=447.264/( (5064.034+5470.883)/ 2 )
=447.264/5267.4585
=8.49 %

Makuake'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: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=937.072/( ( (7916.203 - 2147.932) + (8226.956 - 2261.039) )/ 2 )
=937.072/( ( 5768.271 + 5965.917 )/ 2 )
=937.072/5867.094
=15.97 %

(1) Note: The EBIT data used here is four times the quarterly (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 15.97% mean?
Makuake (TSE:4479) has a ROCE % of 15.97% as of Mar. 2026.
Is Makuake's ROCE % too high?
Makuake's current ROCE % is 15.97%. The Asset Management industry median ROCE % is 4.55. Makuake's value of 15.97% is 251% above this industry median. Overall, Makuake has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Makuake's ROCE % compare to BLK and BX?
Makuake's ROCE % of 15.97% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.55. Makuake's value of 15.97% is 251% 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 an Asset Management company?
The median ROCE % among Asset Management companies is 4.55, based on 713 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. Makuake's current ROCE % of 15.97% is 251% 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 Asset Management industry, the median ROCE % is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Makuake's current ROCE % is 15.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makuake stock overvalued right now?
Based on GuruFocus' analysis, Makuake (TSE:4479) is currently considered Fairly Valued. The stock's GF Value™ is 円996.47, compared to a current price of 円920.00 — trading 7.7% below its estimated fair value. The current ROCE % is 15.97% and 251% above the Asset Management industry median of 4.55. Makuake's overall GF Score™ is 73/100 with 1 warning sign 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 Makuake (TSE:4479), the current ROCE % is 15.97% 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 Makuake (TSE:4479) Overvalued in 2026?

Based on GuruFocus' analysis, Makuake stock appears to be undervalued. The current stock price of 円920.00 is trading 7.7% below its estimated GF Value™ of 円996.47. GuruFocus considers Makuake to be Fairly Valued.

Key valuation signals for TSE:4479:

  • ROCE %: 15.97%
  • GF Value™: 円996.47 vs. price of 円920.00 (7.7% below fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 251% above the Asset Management median

No single metric tells the full story. See the TSE:4479 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Makuake Business Description

Address 2-16-1 Shibuya, Shibuya-ku, Daiwa Shibuya Miyamasuzaka Building 10th Floor, Tokyo, JPN, 150-0002
Makuake Inc is engaged in providing support services to the crowdfunding platform Makuake. Its services include Makuake, Makuake Government, Makuake Incubation Studio, Makuake SHOP, and Makuake Store.
73GF Score

Get the complete analysis for TSE:4479

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

円920.00
Price
円996.47
GF Value