Hokuriku Gas Co (TSE:9537) ROCE %: 8.38% (As of Mar. 2026)

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TSE:9537 Hokuriku Gas Co Ltd TSE:9537
67 GF Score
Price 円4,280.00
GF Value 円3,701.52
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Hokuriku Gas Co ROCE %?

Hokuriku Gas Co TSE:9537 -1.15% 67 ROCE % is 8.38% as of Mar. 2026. GuruFocus rates TSE:9537 with a GF Score™ of 67/100 and a GF Value™ of 円3,701.52 (Modestly Overvalued). The stock has 3 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. Hokuriku Gas Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.38%.

Hokuriku Gas Co  (TSE:9537) 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.

Hokuriku Gas Co ROCE % Related Terms

Hokuriku Gas Co ROCE % Historical Data

* Premium members only.

The historical data trend for Hokuriku Gas Co'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.

Hokuriku Gas Co ROCE % Chart

Hokuriku Gas Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.86 1.29 -1.50 4.23 7.08

Hokuriku Gas Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 -3.22 1.34 7.18 5.89 8.38
TSE:9537
67GF Score
Hokuriku Gas Co Ltd TSE:9537
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hokuriku Gas Co ROCE % Calculation

Hokuriku Gas Co'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 )
=4150.635/( ( (65190.727 - 9286.216) + (71507.491 - 10127.066) )/ 2 )
=4150.635/( (55904.511+61380.425)/ 2 )
=4150.635/58642.468
=7.08 %

Hokuriku Gas Co'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: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=4967.29/( ( (64701.833 - 7482.438) + (71507.491 - 10127.066) )/ 2 )
=4967.29/( ( 57219.395 + 61380.425 )/ 2 )
=4967.29/59299.91
=8.38 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 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 8.38% mean?
Hokuriku Gas Co (TSE:9537) has a ROCE % of 8.38% as of Mar. 2026.
Is Hokuriku Gas Co's ROCE % too high?
Hokuriku Gas Co's current ROCE % is 8.38%. The Utilities - Regulated industry median ROCE % is 6.96. Hokuriku Gas Co's value of 8.38% is 20.5% above this industry median. Overall, Hokuriku Gas Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokuriku Gas Co's ROCE % compare to ATO and NI?
Hokuriku Gas Co's ROCE % of 8.38% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.96. Hokuriku Gas Co's value of 8.38% is 20.5% 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 an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.96, based on 506 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. Hokuriku Gas Co's current ROCE % of 8.38% is 20.5% 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 Utilities - Regulated industry, the median ROCE % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokuriku Gas Co's current ROCE % is 8.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuriku Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokuriku Gas Co (TSE:9537) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,701.52, compared to a current price of 円4,280.00 — trading 15.6% above its estimated fair value. The current ROCE % is 8.38% and 20.5% above the Utilities - Regulated industry median of 6.96. Hokuriku Gas Co's overall GF Score™ is 67/100 with 3 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 Hokuriku Gas Co (TSE:9537), the current ROCE % is 8.38% 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 Hokuriku Gas Co (TSE:9537) Overvalued in 2026?

Based on GuruFocus' analysis, Hokuriku Gas Co stock appears to be overvalued. The current stock price of 円4,280.00 is trading 15.6% above its estimated GF Value™ of 円3,701.52. GuruFocus considers Hokuriku Gas Co to be Modestly Overvalued.

Key valuation signals for TSE:9537:

  • ROCE %: 8.38%
  • GF Value™: 円3,701.52 vs. price of 円4,280.00 (15.6% above fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 20.5% above the Utilities - Regulated median

No single metric tells the full story. See the TSE:9537 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hokuriku Gas Co Business Description

Address Hokuriku Building, 2-23 Higashi-Odori 1-chome, Chuo-ku, Niigata City, JPN, 950-8748
Hokuriku Gas Co Ltd engages in the manufacture, supply, and sale of city gas and gas-related equipment. It is involved in the manufacture, supply, and sale of city gas, as well as the operation of gas works and the sale of gas equipment. The firm also engages in the sale of liquefied petroleum gas (LPG) and LPG equipment, the operation of LPG piping works, gas works and civil engineering works, the design, installation, maintenance, security and inspection of gas equipment, the sale, installation and meter reading of housing facilities and equipment, the leasing and management of buildings, the leasing of business equipment and vehicles, It also undertakes gas construction contracts; and sells gas appliances.
67GF Score

Get the complete analysis for TSE:9537

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

円4,280.00
Price
円3,701.52
GF Value