Step Co (TSE:9795) ROCE %: 17.32% (As of Mar. 2026)

What is Step Co ROCE %?

Step Co TSE:9795 +1.91% 78 ROCE % is 17.32% as of Mar. 2026. GuruFocus rates TSE:9795 with a GF Score™ of 78/100 and a GF Value™ of 円2,357.44 (Fairly Valued).

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. Step Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.32%.

Step Co (TSE:9795) 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.

Step Co ROCE % Related Terms

Step Co ROCE % Historical Data

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The historical data trend for Step 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.

Step Co ROCE % Chart

Step Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

ROCE %

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15.52

15.26

12.51

13.30

14.04

Step 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															16.94	9.49	17.57	10.50	17.32

78GF Score

Step Co Ltd TSE:9795

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

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Step Co ROCE % Calculation

Step Co's annualized ROCE % for the fiscal year that ended in Sep. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2025 )		(A: Sep. 2024 )		(A: Sep. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2025 )		(A: Sep. 2024 )		(A: Sep. 2025 )
	=	3866.705	/	( ( (29260.273 - 2375.898)	+	(30571.07 - 2369.961) )	/ 2 )
	=	3866.705	/	( (26884.375	+	28201.109)	/ 2 )
	=	3866.705	/	27542.742
	=	14.04 %

Step 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 )
	=	4913.152	/	( ( (30571.07 - 2369.961)	+	(30618.416 - 2094.443) )	/ 2 )
	=	4913.152	/	( ( 28201.109	+	28523.973 )	/ 2 )
	=	4913.152	/	28362.541
	=	17.32 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 17.32% mean?

Step Co (TSE:9795) has a ROCE % of 17.32% as of Mar. 2026.

Is Step Co's ROCE % too high?

Step Co's current ROCE % is 17.32%. The Education industry median ROCE % is 8.13. Step Co's value of 17.32% is 113% above this industry median. Overall, Step Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Step Co's ROCE % compare to EDU and TAL?

Step Co's ROCE % of 17.32% can be compared against companies in the Education industry. The industry median ROCE % is 8.13. Step Co's value of 17.32% is 113% 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 Education company?

The median ROCE % among Education companies is 8.13, based on 259 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. Step Co's current ROCE % of 17.32% is 113% 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 Education industry, the median ROCE % is 8.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step Co's current ROCE % is 17.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Step Co stock overvalued right now?

Based on GuruFocus' analysis, Step Co (TSE:9795) is currently considered Fairly Valued. The stock's GF Value™ is 円2,357.44, compared to a current price of 円2,237.00 — trading 5.1% below its estimated fair value. The current ROCE % is 17.32% and 113% above the Education industry median of 8.13. Step Co's overall GF Score™ is 78/100. 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 Step Co (TSE:9795), the current ROCE % is 17.32% 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 Step Co (TSE:9795) Overvalued in 2026?

Based on GuruFocus' analysis, Step Co stock appears to be undervalued. The current stock price of 円2,237.00 is trading 5.1% below its estimated GF Value™ of 円2,357.44. GuruFocus considers Step Co to be Fairly Valued.

Key valuation signals for TSE:9795:

ROCE %: 17.32%
GF Value™: 円2,357.44 vs. price of 円2,237.00 (5.1% below fair value)
GF Score™: 78/100
Industry Position: 113% above the Education median

No single metric tells the full story. See the TSE:9795 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Step Co Business Description

Industry Consumer Defensive Education

Comparable Companies TSE:4714 TSE:9470 TSE:9769 TSE:4718 TSE:6200 TSE:9256 TSE:7366 TSE:4668 TSE:7030 TSE:2415 EDU TAL LAUR GHC CVSA LOPE NSE:PWL LRN HKSE:01797 UTI

Address Fujisawa 602, Kanagawa Prefecture, Fujisawa, JPN, 251-0052

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

Step Co Ltd is a Japan-based company engaged in the operation of private preparatory schools. The company operates cram schools and after-school care facilities, and produces and edits educational materials, as well as prints and binds books. The company is engaged in providing high school entrance exam preparation courses, Teaching Materials Research Division produces manuscripts and original plates for teaching materials, academic programs, physical education, and shogi (Japanese chess), and other activities.

78GF Score

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

円2,237.00

Price

円2,357.44

GF Value

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