Nippon Gas Co (TSE:8174) ROCE %: 38.08% (As of Mar. 2026)


TSE:8174 Nippon Gas Co Ltd TSE:8174
79 GF Score
Price 円2,830.50
GF Value 円2,682.29
Valuation Fairly Valued
! 4 Warning Signs
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What is Nippon Gas Co ROCE %?

Nippon Gas Co TSE:8174 +0.43% 79 ROCE % is 38.08% as of Mar. 2026. GuruFocus rates TSE:8174 with a GF Score™ of 79/100 and a GF Value™ of 円2,682.29 (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. Nippon Gas Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 38.08%.

Nippon Gas Co  (TSE:8174) 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 Gas Co ROCE % Related Terms

Nippon Gas Co ROCE % Historical Data

* Premium members only.

The historical data trend for Nippon Gas 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 Gas Co ROCE % Chart

Nippon Gas 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 13.85 14.12 13.90 15.60 19.91

Nippon Gas 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 31.70 14.30 5.49 23.63 38.08
TSE:8174
79GF Score
Nippon Gas Co Ltd TSE:8174
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Gas Co ROCE % Calculation

Nippon Gas 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 )
=21426/( ( (156018 - 49311) + (163590 - 55026) )/ 2 )
=21426/( (106707+108564)/ 2 )
=21426/107635.5
=19.91 %

Nippon Gas 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 )
=40864/( ( (153646 - 47581) + (163590 - 55026) )/ 2 )
=40864/( ( 106065 + 108564 )/ 2 )
=40864/107314.5
=38.08 %

(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 38.08% mean?
Nippon Gas Co (TSE:8174) has a ROCE % of 38.08% as of Mar. 2026.
Is Nippon Gas Co's ROCE % too high?
Nippon Gas Co's current ROCE % is 38.08%. The Utilities - Regulated industry median ROCE % is 6.96. Nippon Gas Co's value of 38.08% is 447.5% above this industry median. Overall, Nippon Gas Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Gas Co's ROCE % compare to ATO and NI?
Nippon Gas Co's ROCE % of 38.08% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.96. Nippon Gas Co's value of 38.08% is 447.5% 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 an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.96, based on 506 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 Gas Co's current ROCE % of 38.08% is 447.5% 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 Utilities - Regulated industry, the median ROCE % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Gas Co's current ROCE % is 38.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Gas Co (TSE:8174) is currently considered Fairly Valued. The stock's GF Value™ is 円2,682.29, compared to a current price of 円2,830.50 — trading 5.5% above its estimated fair value. The current ROCE % is 38.08% and 447.5% above the Utilities - Regulated industry median of 6.96. Nippon Gas Co's overall GF Score™ is 79/100 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 Nippon Gas Co (TSE:8174), the current ROCE % is 38.08% 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 Gas Co (TSE:8174) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Gas Co stock appears to be overvalued. The current stock price of 円2,830.50 is trading 5.5% above its estimated GF Value™ of 円2,682.29. GuruFocus considers Nippon Gas Co to be Fairly Valued.

Key valuation signals for TSE:8174:

  • ROCE %: 38.08%
  • GF Value™: 円2,682.29 vs. price of 円2,830.50 (5.5% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 447.5% above the Utilities - Regulated median

No single metric tells the full story. See the TSE:8174 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nippon Gas Co Business Description

Other Exchanges NPNGY:USANG0:Germany
Address 10, No. 7, No. 2-chome, Tokyo, JPN, 104-8540
Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.
79GF Score

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

円2,830.50
Price
円2,682.29
GF Value