ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Belc Co's annualized return on invested capital (ROIC %) for the quarter that ended in Feb. 2026 was 9.18%.
As of today (2026-07-01), Belc Co's WACC % is 1.49%. Belc Co's ROIC % is 6.77% (calculated using TTM income statement data).
Belc Co generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
Belc Co (TSE:9974) 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, Belc Co's WACC % is 1.49%. Belc Co's ROIC % is 6.77% (calculated using TTM income statement data).
Belc Co generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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.
Belc Co ROIC % Related Terms
Belc Co ROIC % Historical Data
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The historical data trend for Belc Co'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.
For the Grocery Stores subindustry, Belc Co'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.
Belc Co ROIC % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Belc Co's ROIC % distribution charts can be found below:
* The bar in red indicates where Belc Co's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Feb. 2026) 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.
Belc Co (TSE:9974) has a ROIC % of 9.18% as of Feb. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Belc Co and its competitors.
Is Belc Co's ROIC % too high?
Belc Co's current ROIC % is 9.18%. The Retail - Defensive industry median ROIC % is 5.71. Belc Co's value of 9.18% is 60.8% above this industry median. Overall, Belc Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belc Co's ROIC % compare to KR?
Belc Co's ROIC % of 9.18% can be compared against companies in the Retail - Defensive industry. The industry median ROIC % is 5.71. Belc Co's value of 9.18% is 60.8% 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 Retail - Defensive company?
The median ROIC % among Retail - Defensive companies is 5.71, based on 307 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. Belc Co's current ROIC % of 9.18% is 60.8% 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 Belc Co and its competitors. For the Retail - Defensive industry, the median ROIC % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belc Co's current ROIC % is 9.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belc Co stock overvalued right now?
Based on GuruFocus' analysis, Belc Co (TSE:9974) is currently considered Modestly Undervalued. The stock's GF Value™ is 円8,001.54, compared to a current price of 円6,500.00 — trading 18.8% below its estimated fair value. The current ROIC % is 9.18% and 60.8% above the Retail - Defensive industry median of 5.71. Belc Co's overall GF Score™ is 92/100. 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 Belc Co (TSE:9974), the current ROIC % is 9.18% as of Feb. 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 Belc Co (TSE:9974) Overvalued in 2026?
Based on GuruFocus' analysis, Belc Co stock appears to be undervalued.
The current stock price of 円6,500.00 is trading 18.8% below its estimated GF Value™ of 円8,001.54.
GuruFocus considers Belc Co to be Modestly Undervalued.
Key valuation signals for TSE:9974:
ROIC %: 9.18%
GF Value™: 円8,001.54 vs. price of 円6,500.00 (18.8% below fair value)
Industry Position: 60.8% above the Retail - Defensive median
No single metric tells the full story. See the TSE:9974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on Saitama Prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities, and processed food. Belc Co. Ltd also provides services to its stores, including chain management and cleaning.
92GF Score
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