Japan Excellent (TSE:8987) ROCE %: 3.79% (As of Dec. 2025)

What is Japan Excellent ROCE %?

Japan Excellent TSE:8987 +1.01% 68 ROCE % is 3.79% as of Dec. 2025. GuruFocus rates TSE:8987 with a GF Score™ of 68/100 and a GF Value™ of 円128,665.08 (Fairly Valued). The stock has 9 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. Japan Excellent's annualized ROCE % for the quarter that ended in Dec. 2025 was 3.79%.

Japan Excellent (TSE:8987) 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.

Japan Excellent ROCE % Related Terms

Japan Excellent ROCE % Historical Data

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The historical data trend for Japan Excellent'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.

Japan Excellent ROCE % Chart

Japan Excellent Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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3.16

3.11

3.26

3.33

3.77

Japan Excellent Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROCE %	Get a 7-Day Free Trial															3.38	3.46	3.20	3.80	3.79

68GF Score

Japan Excellent Inc TSE:8987

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

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Japan Excellent ROCE % Calculation

Japan Excellent'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 )
	=	10110.004	/	( ( (295338.225 - 25294.298)	+	(291192.16 - 24395.34) )	/ 2 )
	=	10110.004	/	( (270043.927	+	266796.82)	/ 2 )
	=	10110.004	/	268420.3735
	=	3.77 %

Japan Excellent's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	10064.788	/	( ( (295765.165 - 31316.596)	+	(291192.16 - 24395.34) )	/ 2 )
	=	10064.788	/	( ( 264448.569	+	266796.82 )	/ 2 )
	=	10064.788	/	265622.6945
	=	3.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 3.79% mean?

Japan Excellent (TSE:8987) has a ROCE % of 3.79% as of Dec. 2025.

Is Japan Excellent's ROCE % too high?

Japan Excellent's current ROCE % is 3.79%. The REITs industry median ROCE % is 5.19. Japan Excellent's value of 3.79% is 26.9% below this industry median. Overall, Japan Excellent has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Japan Excellent's ROCE % compare to BXP and ARE?

Japan Excellent's ROCE % of 3.79% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. Japan Excellent's value of 3.79% is 26.9% 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 5.19, based on 756 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. Japan Excellent's current ROCE % of 3.79% is 26.9% 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 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Excellent's current ROCE % is 3.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Japan Excellent stock overvalued right now?

Based on GuruFocus' analysis, Japan Excellent (TSE:8987) is currently considered Fairly Valued. The stock's GF Value™ is 円128,665.08, compared to a current price of 円140,300.00 — trading 9% above its estimated fair value. The current ROCE % is 3.79% and 26.9% below the REITs industry median of 5.19. Japan Excellent's overall GF Score™ is 68/100 with 9 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 Japan Excellent (TSE:8987), the current ROCE % is 3.79% as of Dec. 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 Japan Excellent (TSE:8987) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Excellent stock appears to be overvalued. The current stock price of 円140,300.00 is trading 9% above its estimated GF Value™ of 円128,665.08. GuruFocus considers Japan Excellent to be Fairly Valued.

Key valuation signals for TSE:8987:

ROCE %: 3.79%
GF Value™: 円128,665.08 vs. price of 円140,300.00 (9% above fair value)
GF Score™: 68/100 with 9 warning signs
Industry Position: 26.9% below the REITs median

No single metric tells the full story. See the TSE:8987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Japan Excellent Business Description

Industry Real Estate REITs

Comparable Companies TSE:3296 TSE:3295 TSE:8975 TSE:8958 TSE:3290 TSE:8976 TSE:2972 TSE:8954 TSE:8952 XMAD:MRL BXP ARE TSE:8951 VNO XPAR:GFC SGX:N2IU SGX:AJBU CUZ ASX:DXS BOM:542602

Address 1-9-20 Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website https://www.excellent-reit.co.jp

Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.

68GF Score

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

円140,300.00

Price

円128,665.08

GF Value

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