TBS Holdings (TSE:9401) ROCE %: -0.88% (As of Mar. 2026)

What is TBS Holdings ROCE %?

TBS Holdings TSE:9401 +0.08% 83 ROCE % is -0.88% as of Mar. 2026. GuruFocus rates TSE:9401 with a GF Score™ of 83/100 and a GF Value™ of 円4,689.25 (Modestly Overvalued). The stock has 6 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. TBS Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was -0.88%.

TBS Holdings (TSE:9401) 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.

TBS Holdings ROCE % Related Terms

TBS Holdings ROCE % Historical Data

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The historical data trend for TBS Holdings'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.

TBS Holdings ROCE % Chart

TBS Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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4.48

5.17

4.74

5.25

6.05

TBS Holdings 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															0.55	8.32	13.24	4.56	-0.88

83GF Score

TBS Holdings Inc TSE:9401

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

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TBS Holdings ROCE % Calculation

TBS Holdings'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 )
	=	81839	/	( ( (1296125 - 109782)	+	(1628220 - 111216) )	/ 2 )
	=	81839	/	( (1186343	+	1517004)	/ 2 )
	=	81839	/	1351673.5
	=	6.05 %

TBS Holdings'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 )
	=	-13032	/	( ( (1548277 - 102603)	+	(1628220 - 111216) )	/ 2 )
	=	-13032	/	( ( 1445674	+	1517004 )	/ 2 )
	=	-13032	/	1481339
	=	-0.88 %

(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 -0.88% mean?

TBS Holdings (TSE:9401) has a ROCE % of -0.88% as of Mar. 2026.

Is TBS Holdings' ROCE % too high?

TBS Holdings' current ROCE % is -0.88%. Overall, TBS Holdings has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does TBS Holdings' ROCE % compare to NXST?

TBS Holdings' ROCE % of -0.88% can be compared against companies in the Media - Diversified industry. The industry median ROCE % is 3.08. 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 Media - Diversified company?

The median ROCE % among Media - Diversified companies is 3.08, based on 981 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 Media - Diversified industry, the median ROCE % is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBS Holdings's current ROCE % is -0.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TBS Holdings stock overvalued right now?

Based on GuruFocus' analysis, TBS Holdings (TSE:9401) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,689.25, compared to a current price of 円5,996.00 — trading 27.9% above its estimated fair value. The current ROCE % is -0.88%. TBS Holdings' overall GF Score™ is 83/100 with 6 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 TBS Holdings (TSE:9401), the current ROCE % is -0.88% 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 TBS Holdings (TSE:9401) Overvalued in 2026?

Based on GuruFocus' analysis, TBS Holdings stock appears to be overvalued. The current stock price of 円5,996.00 is trading 27.9% above its estimated GF Value™ of 円4,689.25. GuruFocus considers TBS Holdings to be Modestly Overvalued.

Key valuation signals for TSE:9401:

ROCE %: -0.88%
GF Value™: 円4,689.25 vs. price of 円5,996.00 (27.9% above fair value)
GF Score™: 83/100 with 6 warning signs

No single metric tells the full story. See the TSE:9401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TBS Holdings Business Description

Industry Communication Services Media - Diversified

Comparable Companies TSE:9404 TSE:9412 TSE:4676 TSE:9409 TSE:9413 TSE:9405 NGO:9402 TSE:4839 TSE:9414 FSE:9407 LUX:SESGL XTER:RRTL NXST LSE:ITV MIL:MFEB SHSE:600959 SAU:4072 ISX:EMTK BOM:532733 SHSE:600996

Address 5-3-6 Akasaka, Minato-ku, Tokyo, JPN, 107-8006

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

TBS Holdings Inc is a Japanese media and broadcasting holding company that operates television businesses through its subsidiaries. The company operates through three reportable segments: Media & Content Business, Lifestyle Business, and Real Estate & Other Business. The Media & Content Business includes television and radio broadcasting, event planning, video software production, and distribution. The Lifestyle Business handles general merchandise retail, beauty and wellness services, private tutoring, and early childhood education. The Real Estate & Other Business segment involves land and building rentals. It generates the majority of its revenue from the Media & content business segment.

83GF Score

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

円5,996.00

Price

円4,689.25

GF Value

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