Superbag Co (TSE:3945) 10-Year ROIIC % : -28.36% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:3945 Superbag Co Ltd TSE:3945
54 GF Score
Price 円2,328.00
GF Value 円2,606.56
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Superbag Co 10-Year ROIIC %?

Superbag Co TSE:3945 +1.13% 54 10-Year ROIIC % is -28.36 as of Mar. 2026. GuruFocus rates TSE:3945 with a GF Score™ of 54/100 and a GF Value™ of 円2,606.56 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 249 Forest Products companies, Superbag Co ranks worse than 83.53% on this metric.

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. Superbag Co's 10-Year ROIIC % for the quarter that ended in Mar. 2026 was -28.36%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Superbag Co's 10-Year ROIIC % or its related term are showing as below:

TSE:3945's 10-Year ROIIC % is ranked worse than
83.53% of 249 companies
in the Forest Products industry
Industry Median: 0.93 vs TSE:3945: -28.36

Superbag Co  (TSE:3945) 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.


Superbag Co 10-Year ROIIC % Related Terms


Superbag Co 10-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Superbag 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.

Superbag Co 10-Year ROIIC % Chart

Superbag Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
10-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -104.85 50.27 38.38 -61.05 -28.36

Superbag Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
10-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.38 0.00 -61.05 0.00 -28.36

Superbag Co 10-Year ROIIC % Competitor Comparison

For the Paper & Paper Products subindustry, Superbag 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.


Superbag Co 10-Year ROIIC % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Superbag Co's 10-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Superbag Co's 10-Year ROIIC % falls into.


TSE:3945
54GF Score
Superbag Co Ltd TSE:3945
10-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Superbag Co 10-Year ROIIC % Calculation

Superbag Co'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**
=( 571.8154 (Mar. 2026) - 169.0596 (Mar. 2016) )/( 9451 (Mar. 2026) - 10871 (Mar. 2016) )
=402.7558/-1420
=-28.36%***

* 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.

Frequently Asked Questions Learn more about 10-Year ROIIC % →
What does a 10-Year ROIIC % of -28.36 mean?
Superbag Co (TSE:3945) has a 10-Year ROIIC % of -28.36 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 Superbag Co and its competitors. According to the industry distribution chart, Superbag Co ranks #208 out of 249 companies in the Forest Products industry, placing it in the top 83.5%.
Is Superbag Co's 10-Year ROIIC % too high?
Superbag Co's current 10-Year ROIIC % is -28.36. Based on the distribution chart, Superbag Co ranks #208 out of 249 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Superbag Co has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Superbag Co's 10-Year ROIIC % compare to competitors?
According to the Forest Products industry distribution chart, Superbag Co ranks #208 out of 249 companies for 10-Year ROIIC %. This places Superbag Co in the lower half of its industry. The industry median 10-Year ROIIC % is 0.93. 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 Forest Products company?
The median 10-Year ROIIC % among Forest Products companies is 0.93, based on 249 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. 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 Superbag Co and its competitors. For the Forest Products industry, the median 10-Year ROIIC % is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Superbag Co's current 10-Year ROIIC % is -28.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Superbag Co stock overvalued right now?
Based on GuruFocus' analysis, Superbag Co (TSE:3945) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,606.56, compared to a current price of 円2,328.00 — trading 10.7% below its estimated fair value. The current 10-Year ROIIC % is -28.36. Superbag Co's overall GF Score™ is 54/100 with 1 warning sign 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 Superbag Co (TSE:3945), the current 10-Year ROIIC % is -28.36 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 Superbag Co (TSE:3945) Overvalued in 2026?

Based on GuruFocus' analysis, Superbag Co stock appears to be undervalued. The current stock price of 円2,328.00 is trading 10.7% below its estimated GF Value™ of 円2,606.56. GuruFocus considers Superbag Co to be Modestly Undervalued.

Key valuation signals for TSE:3945:

  • 10-Year ROIIC %: -28.36
  • GF Value™: 円2,606.56 vs. price of 円2,328.00 (10.7% below fair value)
  • GF Score™: 54/100 with 1 warning sign

No single metric tells the full story. See the TSE:3945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Superbag Co Business Description

Address 5-18-11 Nishi-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0021
Superbag Co Ltd is the Japan-based company engaged in the manufacturing and distribution of paper and plastic shopping bags. Its product offering includes a plastic bag, a paper square bottom bag, delivery bag, eco bag and paperware.
54GF Score

Get the complete analysis for TSE:3945

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

円2,328.00
Price
円2,606.56
GF Value