Nippon Ceramic Co (TSE:6929) ROCE %: 12.87% (As of Mar. 2026)


TSE:6929 Nippon Ceramic Co Ltd TSE:6929
95 GF Score
Price 円3,755.00
GF Value 円3,318.59
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Nippon Ceramic Co ROCE %?

Nippon Ceramic Co TSE:6929 -0.79% 95 ROCE % is 12.87% as of Mar. 2026. GuruFocus rates TSE:6929 with a GF Score™ of 95/100 and a GF Value™ of 円3,318.59 (Modestly Overvalued). The stock has 1 warning sign 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. Nippon Ceramic Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 12.87%.

Nippon Ceramic Co  (TSE:6929) 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.

Nippon Ceramic Co ROCE % Related Terms

Nippon Ceramic Co ROCE % Historical Data

* Premium members only.

The historical data trend for Nippon Ceramic 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.

Nippon Ceramic Co ROCE % Chart

Nippon Ceramic Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.68 8.12 8.68 9.27 11.90

Nippon Ceramic 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 11.70 13.35 13.34 11.27 12.87
TSE:6929
95GF Score
Nippon Ceramic Co Ltd TSE:6929
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Ceramic Co ROCE % Calculation

Nippon Ceramic Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=6230/( ( (58347 - 4931) + (56359 - 5045) )/ 2 )
=6230/( (53416+51314)/ 2 )
=6230/52365
=11.90 %

Nippon Ceramic 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 )
=6388/( ( (56359 - 5045) + (51532 - 3587) )/ 2 )
=6388/( ( 51314 + 47945 )/ 2 )
=6388/49629.5
=12.87 %

(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 12.87% mean?
Nippon Ceramic Co (TSE:6929) has a ROCE % of 12.87% as of Mar. 2026.
Is Nippon Ceramic Co's ROCE % too high?
Nippon Ceramic Co's current ROCE % is 12.87%. The Hardware industry median ROCE % is 5.83. Nippon Ceramic Co's value of 12.87% is 120.8% above this industry median. Overall, Nippon Ceramic Co has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Ceramic Co's ROCE % compare to APH and GLW?
Nippon Ceramic Co's ROCE % of 12.87% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. Nippon Ceramic Co's value of 12.87% is 120.8% 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 Hardware company?
The median ROCE % among Hardware companies is 5.83, based on 2,445 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. Nippon Ceramic Co's current ROCE % of 12.87% is 120.8% 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 Hardware industry, the median ROCE % is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Ceramic Co's current ROCE % is 12.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Ceramic Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Ceramic Co (TSE:6929) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,318.59, compared to a current price of 円3,755.00 — trading 13.2% above its estimated fair value. The current ROCE % is 12.87% and 120.8% above the Hardware industry median of 5.83. Nippon Ceramic Co's overall GF Score™ is 95/100 with 1 warning sign 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 Nippon Ceramic Co (TSE:6929), the current ROCE % is 12.87% 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 Nippon Ceramic Co (TSE:6929) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Ceramic Co stock appears to be overvalued. The current stock price of 円3,755.00 is trading 13.2% above its estimated GF Value™ of 円3,318.59. GuruFocus considers Nippon Ceramic Co to be Modestly Overvalued.

Key valuation signals for TSE:6929:

  • ROCE %: 12.87%
  • GF Value™: 円3,318.59 vs. price of 円3,755.00 (13.2% above fair value)
  • GF Score™: 95/100 with 1 warning sign
  • Industry Position: 120.8% above the Hardware median

No single metric tells the full story. See the TSE:6929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nippon Ceramic Co Business Description

Address 176-17 Hirooka, Tottori-shi, Tottori, JPN, 689-1193
Nippon Ceramic Co Ltd is a Japan based company engaged in development, manufacturing and sale of ceramic sensors, ferrite, module and others. Its products are applicable for household equipment and plant facilities; automobiles; home electronics and office automation equipment; and electronics. Its Household equipment & plant faculties include lighting, sensor, security system, fire detection sensor etc. In automobile industry its products are applicable in sensor, DC- DC Converter, charging & discharging battery etc. Its products in home electronics include Microwave, airconditioner and IH cooker. Under electronics industry its products are power supplies, fan motors, inverters.
95GF Score

Get the complete analysis for TSE:6929

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

円3,755.00
Price
円3,318.59
GF Value