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Noritake CoFRA:NO4 -0.58%78 3-Year ROIIC % is 2.26 as of Mar. 2026, which is 75% below its 10-year median of 9.18. GuruFocus rates FRA:NO4 with a GF Score™ of 78/100 and a GF Value™ of €11.44 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 530 Conglomerates companies, Noritake Co ranks better than 52.83% on this metric.
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.
Noritake Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 2.26%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Noritake Co's 3-Year ROIIC % or its related term are showing as below:
FRA:NO4's 3-Year ROIIC % is ranked better than 52.83% of 530
companies
in the Conglomerates industry
Industry Median: 1.61
vs FRA:NO4: 2.26
Noritake Co (FRA:NO4) 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.
Noritake Co 3-Year ROIIC % Related Terms
Noritake Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Noritake Co's 3-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.
For the Conglomerates subindustry, Noritake 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.
Noritake Co 3-Year ROIIC % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Noritake Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Noritake Co's 3-Year ROIIC % falls into.
* 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.
Noritake Co (FRA:NO4) has a 3-Year ROIIC % of 2.26 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 Noritake Co and its competitors. This is 75% below median its historical median of 9.18. According to the industry distribution chart, Noritake Co ranks #250 out of 530 companies in the Conglomerates industry, placing it in the top 47.2%.
Is Noritake Co's 3-Year ROIIC % too high?
Noritake Co's current 3-Year ROIIC % of 2.26 is 75% below median its 10-year median of 9.18. The Conglomerates industry median 3-Year ROIIC % is 1.61. Noritake Co's value of 2.26 is 40.4% above this industry median. Based on the distribution chart, Noritake Co ranks #250 out of 530 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Noritake Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noritake Co's 3-Year ROIIC % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Noritake Co ranks #250 out of 530 companies for 3-Year ROIIC %. This puts Noritake Co in the upper half of its industry. The industry median 3-Year ROIIC % is 1.61. Noritake Co's value of 2.26 is 40.4% above this benchmark. While the company's 10-year median is 9.18 vs. the industry median of 1.61, Noritake Co has consistently been above the industry average. 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 Conglomerates company?
The median 3-Year ROIIC % among Conglomerates companies is 1.61, based on 530 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noritake Co's current 3-Year ROIIC % of 2.26 is 40.4% 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 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 Noritake Co and its competitors. For the Conglomerates industry, the median 3-Year ROIIC % is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noritake Co's current 3-Year ROIIC % is 2.26, which is 75% below median its own 10-year median of 9.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noritake Co stock overvalued right now?
Based on GuruFocus' analysis, Noritake Co (FRA:NO4) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.44, compared to a current price of €17.20 — trading 50.3% above its estimated fair value. The current 3-Year ROIIC % is 2.26, which is 75% below median its 10-year median of 9.18 and 40.4% above the Conglomerates industry median of 1.61. Noritake Co's overall GF Score™ is 78/100 with 2 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 Noritake Co (FRA:NO4), the current 3-Year ROIIC % is 2.26 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 Noritake Co (FRA:NO4) Overvalued in 2026?
Based on GuruFocus' analysis, Noritake Co stock appears to be overvalued.
The current stock price of €17.20 is trading 50.3% above its estimated GF Value™ of €11.44.
GuruFocus considers Noritake Co to be Significantly Overvalued.
Key valuation signals for FRA:NO4:
3-Year ROIIC %: 2.26 (75% below median its 10-year median of 9.18)
GF Value™: €11.44 vs. price of €17.20 (50.3% above fair value)
Industry Position: 40.4% above the Conglomerates median (#250 of 530)
No single metric tells the full story. See the FRA:NO4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noritake Co Ltd is engaged in manufacturing of grinding and polishing tools, electronic component materials and manufacturing equipment. The group has established four different business fields with the application and development of a variety of ceramics manufacturing technologies: Industrial Products, which supports industries with grinding wheels and diamond tools, Ceramics & Materials, which supplies ceramic raw materials to many kinds of manufacturers, Engineering which develops and proposes manufacturing equipment and technologies, and Tabletop, which offers tableware to create rich and luxurious dining.
78GF Score
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