Japan Electronic Materials (TSE:6855) ROCE %: 22.58% (As of Mar. 2026)

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TSE:6855 Japan Electronic Materials Corp TSE:6855
78 GF Score
Price 円7,080.00
GF Value 円3,404.82
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Japan Electronic Materials ROCE %?

Japan Electronic Materials TSE:6855 -1.67% 78 ROCE % is 22.58% as of Mar. 2026. GuruFocus rates TSE:6855 with a GF Score™ of 78/100 and a GF Value™ of 円3,404.82 (Significantly Overvalued). 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. Japan Electronic Materials's annualized ROCE % for the quarter that ended in Mar. 2026 was 22.58%.

Japan Electronic Materials  (TSE:6855) 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.

Japan Electronic Materials ROCE % Related Terms

Japan Electronic Materials ROCE % Historical Data

* Premium members only.

The historical data trend for Japan Electronic Materials'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.

Japan Electronic Materials ROCE % Chart

Japan Electronic Materials 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 22.11 13.22 3.66 14.96 17.35

Japan Electronic Materials 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 6.01 13.51 16.73 14.82 22.58
TSE:6855
78GF Score
Japan Electronic Materials Corp TSE:6855
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Electronic Materials ROCE % Calculation

Japan Electronic Materials'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 )
=7341/( ( (39859 - 6789) + (58476 - 6932) )/ 2 )
=7341/( (33070+51544)/ 2 )
=7341/42307
=17.35 %

Japan Electronic Materials'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 )
=9690/( ( (40800 - 6521) + (58476 - 6932) )/ 2 )
=9690/( ( 34279 + 51544 )/ 2 )
=9690/42911.5
=22.58 %

(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 22.58% mean?
Japan Electronic Materials (TSE:6855) has a ROCE % of 22.58% as of Mar. 2026.
Is Japan Electronic Materials' ROCE % too high?
Japan Electronic Materials' current ROCE % is 22.58%. The Semiconductors industry median ROCE % is 4.84. Japan Electronic Materials' value of 22.58% is 366.5% above this industry median. Overall, Japan Electronic Materials has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Electronic Materials' ROCE % compare to AMAT and LRCX?
Japan Electronic Materials' ROCE % of 22.58% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.84. Japan Electronic Materials' value of 22.58% is 366.5% 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 a Semiconductors company?
The median ROCE % among Semiconductors companies is 4.84, based on 1,017 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. Japan Electronic Materials's current ROCE % of 22.58% is 366.5% 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 Semiconductors industry, the median ROCE % is 4.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Electronic Materials's current ROCE % is 22.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Electronic Materials stock overvalued right now?
Based on GuruFocus' analysis, Japan Electronic Materials (TSE:6855) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,404.82, compared to a current price of 円7,080.00 — trading 107.9% above its estimated fair value. The current ROCE % is 22.58% and 366.5% above the Semiconductors industry median of 4.84. Japan Electronic Materials' overall GF Score™ is 78/100 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 Japan Electronic Materials (TSE:6855), the current ROCE % is 22.58% 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 Japan Electronic Materials (TSE:6855) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Electronic Materials stock appears to be overvalued. The current stock price of 円7,080.00 is trading 107.9% above its estimated GF Value™ of 円3,404.82. GuruFocus considers Japan Electronic Materials to be Significantly Overvalued.

Key valuation signals for TSE:6855:

  • ROCE %: 22.58%
  • GF Value™: 円3,404.82 vs. price of 円7,080.00 (107.9% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 366.5% above the Semiconductors median

No single metric tells the full story. See the TSE:6855 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Japan Electronic Materials Business Description

Address 2-5-13 Nishinagasucho, Hyogo Prefecture, Amagasaki, JPN, 660-0805
Japan Electronic Materials Corp is engaged in the development, manufacture, and sale of semiconductor testing components and electron tube components in Japan. Its product portfolio comprises heaters and cathodes for receiving tubes and CRTs, filaments for fluorescent display tubes, directly heated cathodes, and probe cards, among others. The group's business segments are Semiconductor inspection parts related business, which derives maximum revenue, and Electron tube parts related business.
78GF Score

Get the complete analysis for TSE:6855

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

円7,080.00
Price
円3,404.82
GF Value