Keiyo Gas Co (TSE:9539) ROCE %: 0.00% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9539 Keiyo Gas Co Ltd TSE:9539
66 GF Score
Price 円1,476.00
GF Value 円889.63
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Keiyo Gas Co ROCE %?

Keiyo Gas Co TSE:9539 -1.53% 66 ROCE % is 0.00% as of Dec. 2025. GuruFocus rates TSE:9539 with a GF Score™ of 66/100 and a GF Value™ of 円889.63 (Significantly Overvalued). The stock has 8 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. Keiyo Gas Co's annualized ROCE % for the quarter that ended in Dec. 2025 was 0.00%.

Keiyo Gas Co  (TSE:9539) 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.

Keiyo Gas Co ROCE % Related Terms

Keiyo Gas Co ROCE % Historical Data

* Premium members only.

The historical data trend for Keiyo 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.

Keiyo Gas Co ROCE % Chart

Keiyo Gas Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.50 0.59 1.49 1.78 3.34

Keiyo Gas Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 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 7.62 7.16 0.00 0.00 10.26
TSE:9539
66GF Score
Keiyo Gas Co Ltd TSE:9539
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keiyo Gas Co ROCE % Calculation

Keiyo Gas Co'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 )
=4925/( ( (168250 - 26118) + (178053 - 25033) )/ 2 )
=4925/( (142132+153020)/ 2 )
=4925/147576
=3.34 %

Keiyo Gas Co'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: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=0/( ( (163076 - 21670) + (178053 - 25033) )/ 2 )
=0/( ( 141406 + 153020 )/ 2 )
=0/147213
=0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 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 0.00% mean?
Keiyo Gas Co (TSE:9539) has a ROCE % of 0.00% as of Dec. 2025.
Is Keiyo Gas Co's ROCE % too high?
Keiyo Gas Co's current ROCE % is 0.00%. Overall, Keiyo Gas Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keiyo Gas Co's ROCE % compare to ATO and NI?
Keiyo Gas Co's ROCE % of 0.00% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.96. 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. 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. Keiyo Gas Co's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keiyo Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Keiyo Gas Co (TSE:9539) is currently considered Significantly Overvalued. The stock's GF Value™ is 円889.63, compared to a current price of 円1,476.00 — trading 65.9% above its estimated fair value. The current ROCE % is 0.00%. Keiyo Gas Co's overall GF Score™ is 66/100 with 8 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 Keiyo Gas Co (TSE:9539), the current ROCE % is 0.00% 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 Keiyo Gas Co (TSE:9539) Overvalued in 2026?

Based on GuruFocus' analysis, Keiyo Gas Co stock appears to be overvalued. The current stock price of 円1,476.00 is trading 65.9% above its estimated GF Value™ of 円889.63. GuruFocus considers Keiyo Gas Co to be Significantly Overvalued.

Key valuation signals for TSE:9539:

  • ROCE %: 0.00%
  • GF Value™: 円889.63 vs. price of 円1,476.00 (65.9% above fair value)
  • GF Score™: 66/100 with 8 warning signs

No single metric tells the full story. See the TSE:9539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Keiyo Gas Co Business Description

Address 2-8-8 Minami Ichikawa, Chiba Prefecture, Ichikawa, JPN, 272-8580
Keiyo Gas Co Ltd is engaged in gas business. The company produces, process and sells gas byproducts. It is also engaged in production, sales, rental, installation, repair, maintenance and management of gas appliances, kitchen equipment, water supply, and drainage equipment, air conditioning equipment and housing equipment.
66GF Score

Get the complete analysis for TSE:9539

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

円1,476.00
Price
円889.63
GF Value