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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.
Horizon Securities Co's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 85.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Horizon Securities Co's 10-Year ROIIC % or its related term are showing as below:
ROCO:6015's 10-Year ROIIC % is ranked better than 94.91% of 570
companies
in the Capital Markets industry
Industry Median: 2.3
vs ROCO:6015: 85.18
Horizon Securities Co (ROCO:6015) 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.
Horizon Securities Co 10-Year ROIIC % Related Terms
Horizon Securities Co 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Horizon Securities Co'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.
ROCO:6015 vs MS, GS, SCHW: 10-Year ROIIC % Comparison
For the Capital Markets subindustry, Horizon Securities Co'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.
Horizon Securities Co 10-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Horizon Securities Co's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Horizon Securities Co's 10-Year ROIIC % falls into.
Horizon Securities Co's 10-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( 147.677416 (Dec. 2025) - -427.269 (Dec. 2015) )
/
( 6707.826 (Dec. 2025) - 6032.874 (Dec. 2015) )
=
574.946416
/
674.952
=
85.18%***
* 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.
Horizon Securities Co (ROCO:6015) has a 10-Year ROIIC % of 85.18 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Horizon Securities Co and its competitors. According to the industry distribution chart, Horizon Securities Co ranks #29 out of 570 companies in the Capital Markets industry, placing it in the top 5.1%.
Is Horizon Securities Co's 10-Year ROIIC % too high?
Horizon Securities Co's current 10-Year ROIIC % is 85.18. The Capital Markets industry median 10-Year ROIIC % is 2.30. Horizon Securities Co's value of 85.18 is 3603.5% above this industry median. Based on the distribution chart, Horizon Securities Co ranks #29 out of 570 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Horizon Securities Co has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Securities Co's 10-Year ROIIC % compare to MS and GS?
According to the Capital Markets industry distribution chart, Horizon Securities Co ranks #29 out of 570 companies for 10-Year ROIIC %. This places Horizon Securities Co in the top 5% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 2.30. Horizon Securities Co's value of 85.18 is 3603.5% 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 Capital Markets company?
The median 10-Year ROIIC % among Capital Markets companies is 2.30, based on 570 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. Horizon Securities Co's current 10-Year ROIIC % of 85.18 is 3603.5% 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 Horizon Securities Co and its competitors. For the Capital Markets industry, the median 10-Year ROIIC % is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Securities Co's current 10-Year ROIIC % is 85.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Horizon Securities Co (ROCO:6015) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$17.73, compared to a current price of NT$16.45 — trading 7.2% below its estimated fair value. The current 10-Year ROIIC % is 85.18 and 3603.5% above the Capital Markets industry median of 2.30. Horizon Securities Co's overall GF Score™ is 56/100 with 5 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 Horizon Securities Co (ROCO:6015), the current 10-Year ROIIC % is 85.18 as of Dec. 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.
Is Horizon Securities Co (ROCO:6015) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Securities Co stock appears to be undervalued.
The current stock price of NT$16.45 is trading 7.2% below its estimated GF Value™ of NT$17.73.
GuruFocus considers Horizon Securities Co to be Modestly Undervalued.
Key valuation signals for ROCO:6015:
10-Year ROIIC %: 85.18
GF Value™: NT$17.73 vs. price of NT$16.45 (7.2% below fair value)
Industry Position: 3603.5% above the Capital Markets median (#29 of 570)
No single metric tells the full story. See the ROCO:6015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Securities Co Ltd is a Taiwan-based company that is engaged in providing various financial products and services. The company classifies operating units based on different business and services and is divided into the following five reporting and operations departments: Proprietary segment, Brokerage segment, Underwriting segment, Bond segment, and Derivatives segment. The majority of revenue is derived from the Brokerage segment, which is mainly responsible for brokerage and proprietary trading of securities.
56GF Score
Get the complete analysis for ROCO:6015
10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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