Heiwa Real Estate REIT (TSE:8966) ROCE %: 4.74% (As of Nov. 2025)

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TSE:8966 Heiwa Real Estate REIT Inc TSE:8966
70 GF Score
Price 円135,500.00
GF Value 円163,138.94
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Heiwa Real Estate REIT ROCE %?

Heiwa Real Estate REIT TSE:8966 +0.30% 70 ROCE % is 4.74% as of Nov. 2025. GuruFocus rates TSE:8966 with a GF Score™ of 70/100 and a GF Value™ of 円163,138.94 (Modestly Undervalued). 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. Heiwa Real Estate REIT's annualized ROCE % for the quarter that ended in Nov. 2025 was 4.74%.

Heiwa Real Estate REIT  (TSE:8966) 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.

Heiwa Real Estate REIT ROCE % Related Terms

Heiwa Real Estate REIT ROCE % Historical Data

* Premium members only.

The historical data trend for Heiwa Real Estate REIT'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.

Heiwa Real Estate REIT ROCE % Chart

Heiwa Real Estate REIT 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 3.62 3.97 3.73 3.95 4.68

Heiwa Real Estate REIT Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 4.02 3.90 4.02 4.59 4.74
TSE:8966
70GF Score
Heiwa Real Estate REIT Inc TSE:8966
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Heiwa Real Estate REIT ROCE % Calculation

Heiwa Real Estate REIT'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 )
=11374.214/( ( (249190.835 - 17248.648) + (272935.839 - 19190.453) )/ 2 )
=11374.214/( (231942.187+253745.386)/ 2 )
=11374.214/242843.7865
=4.68 %

Heiwa Real Estate REIT's ROCE % of for the quarter that ended in Nov. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Nov. 2025 )  (Q: May. 2025 )(Q: Nov. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Nov. 2025 )  (Q: May. 2025 )(Q: Nov. 2025 )
=11802.642/( ( (262404.916 - 17758.359) + (272935.839 - 19190.453) )/ 2 )
=11802.642/( ( 244646.557 + 253745.386 )/ 2 )
=11802.642/249195.9715
=4.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Nov. 2025) 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 4.74% mean?
Heiwa Real Estate REIT (TSE:8966) has a ROCE % of 4.74% as of Nov. 2025.
Is Heiwa Real Estate REIT's ROCE % too high?
Heiwa Real Estate REIT's current ROCE % is 4.74%. The REITs industry median ROCE % is 5.16. Heiwa Real Estate REIT's value of 4.74% is 8.1% below this industry median. Overall, Heiwa Real Estate REIT has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate REIT's ROCE % compare to VICI and WPC?
Heiwa Real Estate REIT's ROCE % of 4.74% can be compared against companies in the REITs industry. The industry median ROCE % is 5.16. Heiwa Real Estate REIT's value of 4.74% is 8.1% below 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 REITs company?
The median ROCE % among REITs companies is 5.16, based on 750 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. Heiwa Real Estate REIT's current ROCE % of 4.74% is 8.1% below 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 REITs industry, the median ROCE % is 5.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate REIT's current ROCE % is 4.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Real Estate REIT stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Real Estate REIT (TSE:8966) is currently considered Modestly Undervalued. The stock's GF Value™ is 円163,138.94, compared to a current price of 円135,500.00 — trading 16.9% below its estimated fair value. The current ROCE % is 4.74% and 8.1% below the REITs industry median of 5.16. Heiwa Real Estate REIT's overall GF Score™ is 70/100 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 Heiwa Real Estate REIT (TSE:8966), the current ROCE % is 4.74% as of Nov. 2025. 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 Heiwa Real Estate REIT (TSE:8966) Overvalued in 2026?

Based on GuruFocus' analysis, Heiwa Real Estate REIT stock appears to be undervalued. The current stock price of 円135,500.00 is trading 16.9% below its estimated GF Value™ of 円163,138.94. GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.

Key valuation signals for TSE:8966:

  • ROCE %: 4.74%
  • GF Value™: 円163,138.94 vs. price of 円135,500.00 (16.9% below fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 8.1% below the REITs median

No single metric tells the full story. See the TSE:8966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Heiwa Real Estate REIT Business Description

Industry Real EstateREITs
Address 5-1, Nihonbashi-kabutocho, Chuo-ku, Tokyo, JPN, 105-6237
Heiwa Real Estate REIT Inc is a real estate company that invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services.
70GF Score

Get the complete analysis for TSE:8966

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

円135,500.00
Price
円163,138.94
GF Value