Nichia Steel Works (TSE:5658) ROCE %: 4.34% (As of Mar. 2026)

What is Nichia Steel Works ROCE %?

Nichia Steel Works TSE:5658 +0.29% 69 ROCE % is 4.34% as of Mar. 2026. GuruFocus rates TSE:5658 with a GF Score™ of 69/100 and a GF Value™ of 円326.18 (Fairly Valued). The stock has 5 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. Nichia Steel Works's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.34%.

Nichia Steel Works (TSE:5658) 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.

Nichia Steel Works ROCE % Related Terms

Nichia Steel Works ROCE % Historical Data

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The historical data trend for Nichia Steel Works'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.

Nichia Steel Works ROCE % Chart

Nichia Steel Works Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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4.75

3.96

3.53

2.35

2.16

Nichia Steel Works 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															3.98	2.61	2.10	-0.01	4.34

69GF Score

Nichia Steel Works Ltd TSE:5658

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

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Nichia Steel Works ROCE % Calculation

Nichia Steel Works'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 )
	=	1333.03	/	( ( (72339.141 - 11729.167)	+	(73097.29 - 10393.315) )	/ 2 )
	=	1333.03	/	( (60609.974	+	62703.975)	/ 2 )
	=	1333.03	/	61656.9745
	=	2.16 %

Nichia Steel Works'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 )
	=	2674.15	/	( ( (72130.595 - 11589.471)	+	(73097.29 - 10393.315) )	/ 2 )
	=	2674.15	/	( ( 60541.124	+	62703.975 )	/ 2 )
	=	2674.15	/	61622.5495
	=	4.34 %

(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 4.34% mean?

Nichia Steel Works (TSE:5658) has a ROCE % of 4.34% as of Mar. 2026.

Is Nichia Steel Works' ROCE % too high?

Nichia Steel Works' current ROCE % is 4.34%. The Industrial Products industry median ROCE % is 7.10. Nichia Steel Works' value of 4.34% is 38.9% below this industry median. Overall, Nichia Steel Works has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Nichia Steel Works' ROCE % compare to SNA and RBC?

Nichia Steel Works' ROCE % of 4.34% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. Nichia Steel Works' value of 4.34% is 38.9% 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 an Industrial Products company?

The median ROCE % among Industrial Products companies is 7.10, based on 3,032 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. Nichia Steel Works's current ROCE % of 4.34% is 38.9% 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 Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichia Steel Works's current ROCE % is 4.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nichia Steel Works stock overvalued right now?

Based on GuruFocus' analysis, Nichia Steel Works (TSE:5658) is currently considered Fairly Valued. The stock's GF Value™ is 円326.18, compared to a current price of 円350.00 — trading 7.3% above its estimated fair value. The current ROCE % is 4.34% and 38.9% below the Industrial Products industry median of 7.10. Nichia Steel Works' overall GF Score™ is 69/100 with 5 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 Nichia Steel Works (TSE:5658), the current ROCE % is 4.34% 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 Nichia Steel Works (TSE:5658) Overvalued in 2026?

Based on GuruFocus' analysis, Nichia Steel Works stock appears to be overvalued. The current stock price of 円350.00 is trading 7.3% above its estimated GF Value™ of 円326.18. GuruFocus considers Nichia Steel Works to be Fairly Valued.

Key valuation signals for TSE:5658:

ROCE %: 4.34%
GF Value™: 円326.18 vs. price of 円350.00 (7.3% above fair value)
GF Score™: 69/100 with 5 warning signs
Industry Position: 38.9% below the Industrial Products median

No single metric tells the full story. See the TSE:5658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nichia Steel Works Business Description

Industry Industrials Industrial Products

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Address 6-74 Doui, Hyogo, Amagasaki, JPN, 660-0083

Website http://www.nichiasteel.co.jp

Nichia Steel Works Ltd is a manufacturer of steel wire products, fasteners and related products. The products are used in various fields such as construction and civil infrastructure. It offers low carbon steel wire products, hard drawn steel wire products, fasteners & special products and other special finished products.

69GF Score

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

円350.00

Price

円326.18

GF Value

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