Adjuvant Holdings Co (TSE:4929) ROCE %: 8.39% (As of Mar. 2026)


TSE:4929 Adjuvant Holdings Co Ltd TSE:4929
66 GF Score
Price 円717.00
GF Value 円736.83
Valuation Fairly Valued
! 2 Warning Signs
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What is Adjuvant Holdings Co ROCE %?

Adjuvant Holdings Co TSE:4929 66 ROCE % is 8.39% as of Mar. 2026. GuruFocus rates TSE:4929 with a GF Score™ of 66/100 and a GF Value™ of 円736.83 (Fairly Valued). The stock has 2 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. Adjuvant Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.39%.

Adjuvant Holdings Co  (TSE:4929) 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.

Adjuvant Holdings Co ROCE % Related Terms

Adjuvant Holdings Co ROCE % Historical Data

* Premium members only.

The historical data trend for Adjuvant Holdings 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.

Adjuvant Holdings Co ROCE % Chart

Adjuvant Holdings Co 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 8.37 4.80 -0.03 2.72 3.68

Adjuvant Holdings 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 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 3.94 2.38 3.08 -0.96 8.39
TSE:4929
66GF Score
Adjuvant Holdings Co Ltd TSE:4929
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Adjuvant Holdings Co ROCE % Calculation

Adjuvant Holdings 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 )
=170.715/( ( (5292.024 - 658.518) + (5148.348 - 497.919) )/ 2 )
=170.715/( (4633.506+4650.429)/ 2 )
=170.715/4641.9675
=3.68 %

Adjuvant Holdings 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 )
=385.222/( ( (5019.41 - 491.27) + (5148.348 - 497.919) )/ 2 )
=385.222/( ( 4528.14 + 4650.429 )/ 2 )
=385.222/4589.2845
=8.39 %

(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 8.39% mean?
Adjuvant Holdings Co (TSE:4929) has a ROCE % of 8.39% as of Mar. 2026.
Is Adjuvant Holdings Co's ROCE % too high?
Adjuvant Holdings Co's current ROCE % is 8.39%. The Consumer Packaged Goods industry median ROCE % is 8.74. Adjuvant Holdings Co's value of 8.39% is 3.9% below this industry median. Overall, Adjuvant Holdings Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adjuvant Holdings Co's ROCE % compare to PG and CL?
Adjuvant Holdings Co's ROCE % of 8.39% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROCE % is 8.74. Adjuvant Holdings Co's value of 8.39% is 3.9% below 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 Consumer Packaged Goods company?
The median ROCE % among Consumer Packaged Goods companies is 8.74, based on 1,936 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. Adjuvant Holdings Co's current ROCE % of 8.39% is 3.9% below 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 Consumer Packaged Goods industry, the median ROCE % is 8.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adjuvant Holdings Co's current ROCE % is 8.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adjuvant Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Adjuvant Holdings Co (TSE:4929) is currently considered Fairly Valued. The stock's GF Value™ is 円736.83, compared to a current price of 円717.00 — trading 2.7% below its estimated fair value. The current ROCE % is 8.39% and 3.9% below the Consumer Packaged Goods industry median of 8.74. Adjuvant Holdings Co's overall GF Score™ is 66/100 with 2 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 Adjuvant Holdings Co (TSE:4929), the current ROCE % is 8.39% 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 Adjuvant Holdings Co (TSE:4929) Overvalued in 2026?

Based on GuruFocus' analysis, Adjuvant Holdings Co stock appears to be undervalued. The current stock price of 円717.00 is trading 2.7% below its estimated GF Value™ of 円736.83. GuruFocus considers Adjuvant Holdings Co to be Fairly Valued.

Key valuation signals for TSE:4929:

  • ROCE %: 8.39%
  • GF Value™: 円736.83 vs. price of 円717.00 (2.7% below fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 3.9% below the Consumer Packaged Goods median

No single metric tells the full story. See the TSE:4929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Adjuvant Holdings Co Business Description

Address 5-5-5 Shimoyamatedori, Chuo-ku, Hyogo Prefecture, Kobe City, JPN, 650-0011
Adjuvant Holdings Co Ltd, formerly Adjuvant Cosme Japan Co Ltd is engaged in the research, development, production, and sale of cosmetics in Japan. It offers skin care products, including cleansing products, facial cleansers, lotions, beauty essences, masks, moisturizing creams, makeup bases, makeup, and body care products among other products.
66GF Score

Get the complete analysis for TSE:4929

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

円717.00
Price
円736.83
GF Value