Tokyo Century (TSE:8439) ROCE %: -1.32% (As of Mar. 2026)

What is Tokyo Century ROCE %?

Tokyo Century TSE:8439 -0.10% 77 ROCE % is -1.32% as of Mar. 2026. GuruFocus rates TSE:8439 with a GF Score™ of 77/100 and a GF Value™ of 円1,696.25 (Significantly Overvalued). The stock has 8 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. Tokyo Century's annualized ROCE % for the quarter that ended in Mar. 2026 was -1.32%.

Tokyo Century (TSE:8439) 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.

Tokyo Century ROCE % Related Terms

Tokyo Century ROCE % Historical Data

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The historical data trend for Tokyo Century'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.

Tokyo Century ROCE % Chart

Tokyo Century Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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2.57

1.06

3.03

3.34

3.41

Tokyo Century 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															2.92	3.27	8.90	3.14	-1.32

77GF Score

Tokyo Century Corp TSE:8439

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

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Tokyo Century ROCE % Calculation

Tokyo Century'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 )
	=	167085	/	( ( (6862861 - 1881062)	+	(7214810 - 2393114) )	/ 2 )
	=	167085	/	( (4981799	+	4821696)	/ 2 )
	=	167085	/	4901747.5
	=	3.41 %

Tokyo Century'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 )
	=	-62940	/	( ( (7055886 - 2345233)	+	(7214810 - 2393114) )	/ 2 )
	=	-62940	/	( ( 4710653	+	4821696 )	/ 2 )
	=	-62940	/	4766174.5
	=	-1.32 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -1.32% mean?

Tokyo Century (TSE:8439) has a ROCE % of -1.32% as of Mar. 2026.

Is Tokyo Century's ROCE % too high?

Tokyo Century's current ROCE % is -1.32%. Overall, Tokyo Century has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tokyo Century's ROCE % compare to URI and SUNB?

Tokyo Century's ROCE % of -1.32% can be compared against companies in the Business Services industry. The industry median ROCE % is 8.93. 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 Business Services company?

The median ROCE % among Business Services companies is 8.93, based on 1,070 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. 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 Business Services industry, the median ROCE % is 8.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Century's current ROCE % is -1.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tokyo Century stock overvalued right now?

Based on GuruFocus' analysis, Tokyo Century (TSE:8439) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,696.25, compared to a current price of 円2,491.50 — trading 46.9% above its estimated fair value. The current ROCE % is -1.32%. Tokyo Century's overall GF Score™ is 77/100 with 8 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 Tokyo Century (TSE:8439), the current ROCE % is -1.32% 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 Tokyo Century (TSE:8439) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Century stock appears to be overvalued. The current stock price of 円2,491.50 is trading 46.9% above its estimated GF Value™ of 円1,696.25. GuruFocus considers Tokyo Century to be Significantly Overvalued.

Key valuation signals for TSE:8439:

ROCE %: -1.32%
GF Value™: 円1,696.25 vs. price of 円2,491.50 (46.9% above fair value)
GF Score™: 77/100 with 8 warning signs

No single metric tells the full story. See the TSE:8439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tokyo Century Business Description

Industry Industrials Business Services

Comparable Companies TSE:8424 TSE:9678 TSE:7172 TSE:9699 TSE:8793 TSE:9729 TSE:9991 TSE:9619 TSE:2393 TSE:5834 URI SUNB AER XPAR:AYV UHAL R BSP:RENT3 TSX:EFN HKSE:02588 CAR

Address 3 Kanda Neribeicho, Fuji Soft Building, Chiyoda-ku, Tokyo, JPN, 101-0022

Website https://www.tokyocentury.co.jp

Tokyo Century Corp is engaged in leasing and financing businesses. The company operates through five reportable segments: Domestic Leasing Business, Automobility Business, Specialty Business, International Business, and Environmental Infrastructure Business. Its activities include leasing and financing for equipment and facilities, auto leasing and car sharing, loans and investments for ships, aircraft, and real estate, as well as renewable energy and related services. It generates the majority of its revenue from the Domestic leasing segment, which includes information and communication equipment, office equipment, industrial machine tools, transportation equipment, and commercial and service industries.

77GF Score

Get the complete analysis for TSE:8439

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

円2,491.50

Price

円1,696.25

GF Value

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