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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Nippon Coke & Engineering Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 8.59%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
FRA:NJ2's 3-Year ROIIC % is ranked better than 67.77% of 605
companies
in the Steel industry
Industry Median: -0.23
vs FRA:NJ2: 8.59
Nippon Coke & Engineering Co (FRA:NJ2) 3-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.
Nippon Coke & Engineering Co 3-Year ROIIC % Related Terms
Nippon Coke & Engineering Co 3-Year ROIIC % Historical Data
* 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 Coking Coal subindustry, Nippon Coke & Engineering Co's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Nippon Coke & Engineering Co 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Nippon Coke & Engineering Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nippon Coke & Engineering Co's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 3.336 (Mar. 2026) - -2.0628229 (Mar. 2023) )
/
( 685.191 (Mar. 2026) - 804.503 (Mar. 2023) )
=
5.3988229
/
-119.312
=
-4.52%***
* 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 3-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.
Nippon Coke & Engineering Co (FRA:NJ2) has a 3-Year ROIIC % of 8.59 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Nippon Coke & Engineering Co and its competitors. According to the industry distribution chart, Nippon Coke & Engineering Co ranks #195 out of 605 companies in the Steel industry, placing it in the top 32.2%.
Is Nippon Coke & Engineering Co's 3-Year ROIIC % too high?
Nippon Coke & Engineering Co's current 3-Year ROIIC % is 8.59. Based on the distribution chart, Nippon Coke & Engineering Co ranks #195 out of 605 companies in the Steel industry, which is above the industry midpoint. Overall, Nippon Coke & Engineering Co has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Coke & Engineering Co's 3-Year ROIIC % compare to HCC and AMR?
According to the Steel industry distribution chart, Nippon Coke & Engineering Co ranks #195 out of 605 companies for 3-Year ROIIC %. This puts Nippon Coke & Engineering Co in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. However, 3-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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Nippon Coke & Engineering Co and its competitors. Nippon Coke & Engineering Co's current 3-Year ROIIC % is 8.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Coke & Engineering Co stock overvalued right now?
Nippon Coke & Engineering Co (FRA:NJ2) has a current 3-Year ROIIC % of 8.59. The stock's GF Value™ is €0.38, compared to a current price of €0.49 — trading 27.9% above its estimated fair value. The current 3-Year ROIIC % is 8.59. Nippon Coke & Engineering Co's overall GF Score™ is 53/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Nippon Coke & Engineering Co (FRA:NJ2), the current 3-Year ROIIC % is 8.59 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 Nippon Coke & Engineering Co (FRA:NJ2) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Coke & Engineering Co stock appears to be overvalued.
The current stock price of €0.49 is trading 27.9% above its estimated GF Value™ of €0.38.
Key valuation signals for FRA:NJ2:
3-Year ROIIC %: 8.59
GF Value™: €0.38 vs. price of €0.49 (27.9% above fair value)
No single metric tells the full story. See the FRA:NJ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Coke & Engineering Co Ltd is engaged in the business of production and supply of coal and coke. The company also focuses on the sale and production of powder and granule-related equipment and machinery. In addition, it is involved in resource recycling, and logistics businesses; and property rental activity. Business is functioned through Japan and it derives the majority of its revenue from the coal and coke segment.
53GF Score
Get the complete analysis for FRA:NJ2
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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