Belluna Co (TSE:9997) ROCE %: 7.84% (As of Mar. 2026)

What is Belluna Co ROCE %?

Belluna Co TSE:9997 +0.32% 65 ROCE % is 7.84% as of Mar. 2026. GuruFocus rates TSE:9997 with a GF Score™ of 65/100 and a GF Value™ of 円805.77 (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. Belluna Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.84%.

Belluna Co (TSE:9997) 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.

Belluna Co ROCE % Related Terms

Belluna Co ROCE % Historical Data

* Premium members only.

The historical data trend for Belluna 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.

Belluna Co ROCE % Chart

Belluna Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

Get a 7-Day Free Trial

8.32

5.99

4.43

5.68

6.73

Belluna Co 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															8.10	2.41	6.28	9.53	7.84

65GF Score

Belluna Co Ltd TSE:9997

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

View Full Analysis

Belluna Co ROCE % Calculation

Belluna 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 )
	=	18088	/	( ( (312462 - 61616)	+	(340137 - 53332) )	/ 2 )
	=	18088	/	( (250846	+	286805)	/ 2 )
	=	18088	/	268825.5
	=	6.73 %

Belluna 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: 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 )
	=	22328	/	( ( (344273 - 61242)	+	(340137 - 53332) )	/ 2 )
	=	22328	/	( ( 283031	+	286805 )	/ 2 )
	=	22328	/	284918
	=	7.84 %

(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 7.84% mean?

Belluna Co (TSE:9997) has a ROCE % of 7.84% as of Mar. 2026.

Is Belluna Co's ROCE % too high?

Belluna Co's current ROCE % is 7.84%. The Retail - Cyclical industry median ROCE % is 7.58. Belluna Co's value of 7.84% is 3.4% above this industry median. Overall, Belluna Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Belluna Co's ROCE % compare to CASY and WSM?

Belluna Co's ROCE % of 7.84% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.58. Belluna Co's value of 7.84% is 3.4% 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 a Retail - Cyclical company?

The median ROCE % among Retail - Cyclical companies is 7.58, based on 1,117 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. Belluna Co's current ROCE % of 7.84% is 3.4% 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 Retail - Cyclical industry, the median ROCE % is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belluna Co's current ROCE % is 7.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Belluna Co stock overvalued right now?

Based on GuruFocus' analysis, Belluna Co (TSE:9997) is currently considered Modestly Overvalued. The stock's GF Value™ is 円805.77, compared to a current price of 円946.00 — trading 17.4% above its estimated fair value. The current ROCE % is 7.84% and 3.4% above the Retail - Cyclical industry median of 7.58. Belluna Co's overall GF Score™ is 65/100 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 Belluna Co (TSE:9997), the current ROCE % is 7.84% 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 Belluna Co (TSE:9997) Overvalued in 2026?

Based on GuruFocus' analysis, Belluna Co stock appears to be overvalued. The current stock price of 円946.00 is trading 17.4% above its estimated GF Value™ of 円805.77. GuruFocus considers Belluna Co to be Modestly Overvalued.

Key valuation signals for TSE:9997:

ROCE %: 7.84%
GF Value™: 円805.77 vs. price of 円946.00 (17.4% above fair value)
GF Score™: 65/100 with 3 warning signs
Industry Position: 3.4% above the Retail - Cyclical median

No single metric tells the full story. See the TSE:9997 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Belluna Co Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies TSE:2681 TSE:8173 TSE:3028 TSE:7513 TSE:7545 SSE:2928 TSE:9842 TSE:7552 TSE:8281 TSE:3093 TSX:ATD XJAM:ASBH CASY WSM ULTA DKS SHSE:601888 TSCO BBY ADX:ADNOCDIST

Other Exchanges 73L:Germany

Address 4-2 Miyamoto-cho, Ageo City, Saitama, JPN, 362-8688

Website http://www.belluna.co.jp

Belluna Co Ltd is primarily a mail-order retailer that sells a wide range of products, including apparel, home furnishings, food, wine, cosmetics, health food, and nursing supplies through catalogs and e-commerce sites. More than 80% of the company's sales come from its mail-order business. Remaining revenue comes from its apparel retail stores; its solution business, which offers outsourced services for Belluna's corporate clients; its finance business, which offers financing services that target mail-order customers; and its property business, which leases office and commercial space and engages in property development. Nearly all the company's sales are in Japan.

65GF Score

Get the complete analysis for TSE:9997

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

円946.00

Price

円805.77

GF Value

View TSE:9997 Analysis

See ROCE % data for all stocks →