Tosei (TSE:8923) ROCE %: 23.43% (As of Feb. 2026)


TSE:8923 Tosei Corp TSE:8923
89 GF Score
Price 円1,681.00
GF Value 円1,612.02
Valuation Fairly Valued
! 5 Warning Signs
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What is Tosei ROCE %?

Tosei TSE:8923 +0.90% 89 ROCE % is 23.43% as of Feb. 2026. GuruFocus rates TSE:8923 with a GF Score™ of 89/100 and a GF Value™ of 円1,612.02 (Fairly Valued). The stock has 5 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. Tosei's annualized ROCE % for the quarter that ended in Feb. 2026 was 23.43%.

Tosei  (TSE:8923) 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.

Tosei ROCE % Related Terms

Tosei ROCE % Historical Data

* Premium members only.

The historical data trend for Tosei'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.

Tosei ROCE % Chart

Tosei Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.05 7.64 8.14 8.25 9.09

Tosei Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 20.34 8.94 5.04 2.77 23.43
TSE:8923
89GF Score
Tosei Corp TSE:8923
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tosei ROCE % Calculation

Tosei's annualized ROCE % for the fiscal year that ended in Nov. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=23031.306/( ( (276815.386 - 34648.333) + (307427.474 - 42884.102) )/ 2 )
=23031.306/( (242167.053+264543.372)/ 2 )
=23031.306/253355.2125
=9.09 %

Tosei's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=62250.116/( ( (307427.474 - 42884.102) + (300371.281 - 33496.249) )/ 2 )
=62250.116/( ( 264543.372 + 266875.032 )/ 2 )
=62250.116/265709.202
=23.43 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 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 23.43% mean?
Tosei (TSE:8923) has a ROCE % of 23.43% as of Feb. 2026.
Is Tosei's ROCE % too high?
Tosei's current ROCE % is 23.43%. The Real Estate industry median ROCE % is 4.66. Tosei's value of 23.43% is 402.8% above this industry median. Overall, Tosei has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei's ROCE % compare to competitors?
Tosei's ROCE % of 23.43% can be compared against companies in the Real Estate industry. The industry median ROCE % is 4.66. Tosei's value of 23.43% is 402.8% 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 Real Estate company?
The median ROCE % among Real Estate companies is 4.66, based on 1,757 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. Tosei's current ROCE % of 23.43% is 402.8% 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 Real Estate industry, the median ROCE % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosei's current ROCE % is 23.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei stock overvalued right now?
Based on GuruFocus' analysis, Tosei (TSE:8923) is currently considered Fairly Valued. The stock's GF Value™ is 円1,612.02, compared to a current price of 円1,681.00 — trading 4.3% above its estimated fair value. The current ROCE % is 23.43% and 402.8% above the Real Estate industry median of 4.66. Tosei's overall GF Score™ is 89/100 with 5 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 Tosei (TSE:8923), the current ROCE % is 23.43% as of Feb. 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 Tosei (TSE:8923) Overvalued in 2026?

Based on GuruFocus' analysis, Tosei stock appears to be overvalued. The current stock price of 円1,681.00 is trading 4.3% above its estimated GF Value™ of 円1,612.02. GuruFocus considers Tosei to be Fairly Valued.

Key valuation signals for TSE:8923:

  • ROCE %: 23.43%
  • GF Value™: 円1,612.02 vs. price of 円1,681.00 (4.3% above fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 402.8% above the Real Estate median

No single metric tells the full story. See the TSE:8923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tosei Business Description

Address 5-4 Shibaura 4-chome, Toranomon Tosei Building, Minato-ku, Tokyo, JPN, 105-0001
Tosei Corp is a diversified real estate company based in Japan. It is engaged in selling condominiums, detached houses, rental condominiums, and office buildings to individual customers and investors; providing asset management services for real estate funds, leasing properties; operating a real estate revitalization business; and operating hotels, among other activities. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Revitalization, Real Estate Development, Real Estate Leasing, Real Estate Fund and Consulting, Real Estate Management, and Hotel. Maximum revenue is generated from its Real Estate Revitalization Business, which revitalizes and sells properties with deteriorated asset value.
89GF Score

Get the complete analysis for TSE:8923

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

円1,681.00
Price
円1,612.02
GF Value