HOKUETSU METAL Co (TSE:5446) ROCE %: -2.46% (As of Mar. 2026)


TSE:5446 HOKUETSU METAL Co Ltd TSE:5446
61 GF Score
Price 円1,140.00
GF Value 円1,100.70
Valuation Fairly Valued
! 4 Warning Signs
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What is HOKUETSU METAL Co ROCE %?

HOKUETSU METAL Co TSE:5446 61 ROCE % is -2.46% as of Mar. 2026. GuruFocus rates TSE:5446 with a GF Score™ of 61/100 and a GF Value™ of 円1,100.70 (Fairly Valued). 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. HOKUETSU METAL Co's annualized ROCE % for the quarter that ended in Mar. 2026 was -2.46%.

HOKUETSU METAL Co  (TSE:5446) 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.

HOKUETSU METAL Co ROCE % Related Terms

HOKUETSU METAL Co ROCE % Historical Data

* Premium members only.

The historical data trend for HOKUETSU METAL 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.

HOKUETSU METAL Co ROCE % Chart

HOKUETSU METAL 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 -3.94 6.12 3.53 3.98 -0.96

HOKUETSU METAL 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 3.21 3.40 4.61 0.55 -2.46
TSE:5446
61GF Score
HOKUETSU METAL Co Ltd TSE:5446
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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HOKUETSU METAL Co ROCE % Calculation

HOKUETSU METAL 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 )
=-194.297/( ( (26688.811 - 6417.464) + (25847.64 - 5431.738) )/ 2 )
=-194.297/( (20271.347+20415.902)/ 2 )
=-194.297/20343.6245
=-0.96 %

HOKUETSU METAL 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 )
=-500.76/( ( (25927.93 - 5658.473) + (25847.64 - 5431.738) )/ 2 )
=-500.76/( ( 20269.457 + 20415.902 )/ 2 )
=-500.76/20342.6795
=-2.46 %

(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 -2.46% mean?
HOKUETSU METAL Co (TSE:5446) has a ROCE % of -2.46% as of Mar. 2026.
Is HOKUETSU METAL Co's ROCE % too high?
HOKUETSU METAL Co's current ROCE % is -2.46%. Overall, HOKUETSU METAL Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HOKUETSU METAL Co's ROCE % compare to NUE and STLD?
HOKUETSU METAL Co's ROCE % of -2.46% can be compared against companies in the Steel industry. The industry median ROCE % is 5.52. 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 Steel company?
The median ROCE % among Steel companies is 5.52, based on 619 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. 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 Steel industry, the median ROCE % is 5.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HOKUETSU METAL Co's current ROCE % is -2.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HOKUETSU METAL Co stock overvalued right now?
Based on GuruFocus' analysis, HOKUETSU METAL Co (TSE:5446) is currently considered Fairly Valued. The stock's GF Value™ is 円1,100.70, compared to a current price of 円1,140.00 — trading 3.6% above its estimated fair value. The current ROCE % is -2.46%. HOKUETSU METAL Co's overall GF Score™ is 61/100 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 HOKUETSU METAL Co (TSE:5446), the current ROCE % is -2.46% 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 HOKUETSU METAL Co (TSE:5446) Overvalued in 2026?

Based on GuruFocus' analysis, HOKUETSU METAL Co stock appears to be overvalued. The current stock price of 円1,140.00 is trading 3.6% above its estimated GF Value™ of 円1,100.70. GuruFocus considers HOKUETSU METAL Co to be Fairly Valued.

Key valuation signals for TSE:5446:

  • ROCE %: -2.46%
  • GF Value™: 円1,100.70 vs. price of 円1,140.00 (3.6% above fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the TSE:5446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HOKUETSU METAL Co Business Description

Address 3-3-1, Zao Nagaoka shi, Niigata-ken, JPN, 9400028
HOKUETSU METAL Co Ltd operates in the iron and steel industry. The principal business activities of the company include the manufacturing and processing of primary products such as steel, non-base metals and alloys, steel structures, and various other mechanical devices.
61GF Score

Get the complete analysis for TSE:5446

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

円1,140.00
Price
円1,100.70
GF Value