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.
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.
10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Kobe Steel's 10-Year ROIIC % for the quarter that ended in Mar. 2026 was 6.36%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Kobe Steel's 10-Year ROIIC % or its related term are showing as below:
FRA:KST's 10-Year ROIIC % is ranked better than 59.26% of 540
companies
in the Steel industry
Industry Median: 3.33
vs FRA:KST: 6.36
Kobe Steel (FRA:KST) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Kobe Steel 10-Year ROIIC % Related Terms
Kobe Steel 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Kobe Steel's 10-Year ROIIC % 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.
FRA:KST vs NUE, STLD, RS: 10-Year ROIIC % Comparison
For the Steel subindustry, Kobe Steel's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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.
Kobe Steel 10-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Kobe Steel's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Kobe Steel's 10-Year ROIIC % falls into.
Kobe Steel's 10-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( 573.071388 (Mar. 2026) - 544.271 (Mar. 2016) )
/
( 12224.665 (Mar. 2026) - 13242.672 (Mar. 2016) )
=
28.800388
/
-1018.007
=
-2.83%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Kobe Steel (FRA:KST) has a 10-Year ROIIC % of 6.36 as of Mar. 2026. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Kobe Steel and its competitors. According to the industry distribution chart, Kobe Steel ranks #220 out of 540 companies in the Steel industry, placing it in the top 40.7%.
Is Kobe Steel's 10-Year ROIIC % too high?
Kobe Steel's current 10-Year ROIIC % is 6.36. The Steel industry median 10-Year ROIIC % is 3.33. Kobe Steel's value of 6.36 is 91% above this industry median. Based on the distribution chart, Kobe Steel ranks #220 out of 540 companies in the Steel industry, which is above the industry midpoint. Overall, Kobe Steel has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kobe Steel's 10-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Kobe Steel ranks #220 out of 540 companies for 10-Year ROIIC %. This puts Kobe Steel in the upper half of its industry. The industry median 10-Year ROIIC % is 3.33. Kobe Steel's value of 6.36 is 91% 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 10-Year ROIIC % for a Steel company?
The median 10-Year ROIIC % among Steel companies is 3.33, based on 540 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kobe Steel's current 10-Year ROIIC % of 6.36 is 91% 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Kobe Steel and its competitors. For the Steel industry, the median 10-Year ROIIC % is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kobe Steel's current 10-Year ROIIC % is 6.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobe Steel stock overvalued right now?
Based on GuruFocus' analysis, Kobe Steel (FRA:KST) is currently considered Fairly Valued. The stock's GF Value™ is €9.47, compared to a current price of €10.31 — trading 8.8% above its estimated fair value. The current 10-Year ROIIC % is 6.36 and 91% above the Steel industry median of 3.33. Kobe Steel's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Kobe Steel (FRA:KST), the current 10-Year ROIIC % is 6.36 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 Kobe Steel (FRA:KST) Overvalued in 2026?
Based on GuruFocus' analysis, Kobe Steel stock appears to be overvalued.
The current stock price of €10.31 is trading 8.8% above its estimated GF Value™ of €9.47.
GuruFocus considers Kobe Steel to be Fairly Valued.
Key valuation signals for FRA:KST:
10-Year ROIIC %: 6.36
GF Value™: €9.47 vs. price of €10.31 (8.8% above fair value)
Industry Position: 91% above the Steel median (#220 of 540)
No single metric tells the full story. See the FRA:KST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kobe Steel Ltd engages in the manufacture, production, and sale of iron and steel. The company operates through seven segments. The Construction Machinery segment offers excavators, cranes, loaders, and workboats. Electric Power supplies electricity through group companies. Engineering handles plants for steel, petrochemicals, nuclear, water, and waste treatment, along with civil engineering and transport systems. Machinery provides compressors, engines, refrigeration, heat pumps, chemical and rubber machinery, and specialty materials. Materials include steel, aluminum, titanium, copper, and forged products. Steel & Aluminum delivers rolled products, plates, wires, and special steels, while Welding covers electrodes, flux, robots, power sources, and related services.
77GF Score
Get the complete analysis for FRA:KST
10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:KST has been successfully added to your 
