Integroup (TSE:192A) ROIC %: 112.53% (As of Nov. 2025)

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TSE:192A Integroup Inc TSE:192A
21 GF Score
Price 円1,225.00
! 4 Warning Signs
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What is Integroup ROIC %?

Integroup TSE:192A +0.82% 21 ROIC % is 112.53% as of Nov. 2025. GuruFocus rates TSE:192A with a GF Score™ of 21/100. The stock has 4 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Integroup's annualized return on invested capital (ROIC %) for the quarter that ended in Nov. 2025 was 112.53%.

As of today (2026-07-15), Integroup's WACC % is 8.65%. Integroup's ROIC % is -4.33% (calculated using TTM income statement data). Integroup earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Integroup  (TSE:192A) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Integroup's WACC % is 8.65%. Integroup's ROIC % is -4.33% (calculated using TTM income statement data). Integroup earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Integroup ROIC % Related Terms


Integroup ROIC % Historical Data

* Premium members only.

The historical data trend for Integroup's ROIC % 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.

Integroup ROIC % Chart

Integroup Annual Data
Trend May22 May23 May24 May25
ROIC %
0.00 258.46 488.42 151.68

Integroup Quarterly Data
May22 May23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -33.47 2.60 -113.53 112.53 -21.38

TSE:192A vs MS, GS, SCHW: ROIC % Comparison

For the Capital Markets subindustry, Integroup's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Integroup ROIC % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Integroup's ROIC % distribution charts can be found below:

* The bar in red indicates where Integroup's ROIC % falls into.


TSE:192A
21GF Score
Integroup Inc TSE:192A
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Integroup ROIC % Calculation

Integroup's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in May. 2025 is calculated as:

ROIC % (A: May. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: May. 2024 ) + Invested Capital (A: May. 2025 ))/ count )
=497.306 * ( 1 - 31.21% )/( (229.153 + 221.924)/ 2 )
=342.0967974/225.5385
=151.68 %

where

Invested Capital(A: May. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2121.041 - 727.814 - ( 1915.76 - max(0, 758.681 - 1922.755+1915.76))
=229.153

Invested Capital(A: May. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2125.437 - 168.88 - ( 1912.696 - max(0, 223.924 - 1958.557+1912.696))
=221.924

Integroup's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Nov. 2025 is calculated as:

ROIC % (Q: Nov. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Nov. 2025 ))/ count )
=425.928 * ( 1 - 31.56% )/( (270.46 + 247.649)/ 2 )
=291.5051232/259.0545
=112.53 %

where

Invested Capital(Q: Aug. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1847.162 - 36.174 - ( 1563.586 - max(0, 110.518 - 1651.046+1563.586))
=270.46

Invested Capital(Q: Nov. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2067.352 - 208.079 - ( 1833.669 - max(0, 257.112 - 1868.736+1833.669))
=247.649

Note: The Operating Income data used here is four times the quarterly (Nov. 2025) data. The tax rate is limited to between 0% and 100%.

* 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 ROIC % →
What does a ROIC % of 112.53% mean?
Integroup (TSE:192A) has a ROIC % of 112.53% as of Nov. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Integroup and its competitors.
Is Integroup's ROIC % too high?
Integroup's current ROIC % is 112.53%. The Capital Markets industry median ROIC % is 1.34. Integroup's value of 112.53% is 8297.8% above this industry median. Overall, Integroup has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Integroup's ROIC % compare to MS and GS?
Integroup's ROIC % of 112.53% can be compared against companies in the Capital Markets industry. The industry median ROIC % is 1.34. Integroup's value of 112.53% is 8297.8% 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 ROIC % for a Capital Markets company?
The median ROIC % among Capital Markets companies is 1.34, based on 698 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Integroup's current ROIC % of 112.53% is 8297.8% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Integroup and its competitors. For the Capital Markets industry, the median ROIC % is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Integroup's current ROIC % is 112.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integroup stock overvalued right now?
Integroup (TSE:192A) has a current ROIC % of 112.53%. The current ROIC % is 112.53% and 8297.8% above the Capital Markets industry median of 1.34. Integroup's overall GF Score™ is 21/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Integroup (TSE:192A), the current ROIC % is 112.53% as of Nov. 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.

Integroup Business Description

Address 3-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005
Integroup Inc is engaged in M&A mediation/advisory. It provides one-stop service that provides support from preparation of materials, selection of potential buyers, proposals to potential buyers, interviews with potential buyers, negotiation of terms, basic agreement, and final contract.
21GF Score

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

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