Neturen Co (TSE:5976) ROCE %: 3.73% (As of Mar. 2026)

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TSE:5976 Neturen Co Ltd TSE:5976
71 GF Score
Price 円1,323.00
GF Value 円1,188.20
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Neturen Co ROCE %?

Neturen Co TSE:5976 +0.76% 71 ROCE % is 3.73% as of Mar. 2026. GuruFocus rates TSE:5976 with a GF Score™ of 71/100 and a GF Value™ of 円1,188.20 (Modestly Overvalued). The stock has 6 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. Neturen Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.73%.

Neturen Co  (TSE:5976) 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.

Neturen Co ROCE % Related Terms

Neturen Co ROCE % Historical Data

* Premium members only.

The historical data trend for Neturen 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.

Neturen Co ROCE % Chart

Neturen 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 6.72 1.95 3.98 4.11 3.33

Neturen Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 6.86 1.73 3.41 5.06 3.73
TSE:5976
71GF Score
Neturen Co Ltd TSE:5976
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Neturen Co ROCE % Calculation

Neturen 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 )
=2459/( ( (83760 - 11205) + (88146 - 13060) )/ 2 )
=2459/( (72555+75086)/ 2 )
=2459/73820.5
=3.33 %

Neturen 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: 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 )
=2684/( ( (83757 - 14966) + (88146 - 13060) )/ 2 )
=2684/( ( 68791 + 75086 )/ 2 )
=2684/71938.5
=3.73 %

(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 3.73% mean?
Neturen Co (TSE:5976) has a ROCE % of 3.73% as of Mar. 2026.
Is Neturen Co's ROCE % too high?
Neturen Co's current ROCE % is 3.73%. The Steel industry median ROCE % is 5.63. Neturen Co's value of 3.73% is 33.7% below this industry median. Overall, Neturen Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neturen Co's ROCE % compare to NUE and STLD?
Neturen Co's ROCE % of 3.73% can be compared against companies in the Steel industry. The industry median ROCE % is 5.63. Neturen Co's value of 3.73% is 33.7% 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 Steel company?
The median ROCE % among Steel companies is 5.63, based on 620 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. Neturen Co's current ROCE % of 3.73% is 33.7% 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 Steel industry, the median ROCE % is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neturen Co's current ROCE % is 3.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neturen Co stock overvalued right now?
Based on GuruFocus' analysis, Neturen Co (TSE:5976) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,188.20, compared to a current price of 円1,323.00 — trading 11.3% above its estimated fair value. The current ROCE % is 3.73% and 33.7% below the Steel industry median of 5.63. Neturen Co's overall GF Score™ is 71/100 with 6 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 Neturen Co (TSE:5976), the current ROCE % is 3.73% 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 Neturen Co (TSE:5976) Overvalued in 2026?

Based on GuruFocus' analysis, Neturen Co stock appears to be overvalued. The current stock price of 円1,323.00 is trading 11.3% above its estimated GF Value™ of 円1,188.20. GuruFocus considers Neturen Co to be Modestly Overvalued.

Key valuation signals for TSE:5976:

  • ROCE %: 3.73%
  • GF Value™: 円1,188.20 vs. price of 円1,323.00 (11.3% above fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 33.7% below the Steel median

No single metric tells the full story. See the TSE:5976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Neturen Co Business Description

Address Oval Court Ohsaki Mark West, 2-17-1 Higashi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-8639
Neturen Co Ltd is a steel and steel products manufacturing company. It manufactures and sells prestressing and deformed steel bars for prestressed concrete used in civil engineering and construction field; Induction Heated, Quenched and Tempered Wire used in suspension springs for auto parts and construction machine parts; and induction heating equipment for various industries. The company's segments consist of Specialty Steel and Wire Products Division and Induction Heat Treatment Service and Heating Machine Division. The majority of the revenue is derived from the manufacturing and sale of prestressing steel bars and shear reinforcement bars.
71GF Score

Get the complete analysis for TSE:5976

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

円1,323.00
Price
円1,188.20
GF Value