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OkayaNGO:7485 -0.39%77 3-Year ROIIC % is 2.80 as of Feb. 2026, which is 35% below its 10-year median of 4.30. GuruFocus rates NGO:7485 with a GF Score™ of 77/100 and a GF Value™ of 円3,792.23 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 602 Steel companies, Okaya ranks better than 56.64% 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.
Okaya's 3-Year ROIIC % for the quarter that ended in Feb. 2026 was 2.80%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Okaya's 3-Year ROIIC % or its related term are showing as below:
NGO:7485's 3-Year ROIIC % is ranked better than 56.64% of 602
companies
in the Steel industry
Industry Median: -0.25
vs NGO:7485: 2.80
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.
Okaya 3-Year ROIIC % Related Terms
Okaya 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Okaya'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.
NGO:7485 vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Okaya'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.
Okaya 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Okaya's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Okaya's 3-Year ROIIC % falls into.
Okaya's 3-Year ROIIC % for the quarter that ended in Feb. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 28322 (Feb. 2026) - 20740.8026 (Feb. 2023) )
/
( 835097 (Feb. 2026) - 563889 (Feb. 2023) )
=
7581.1974
/
271208
=
2.80%***
* 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.
Okaya (NGO:7485) has a 3-Year ROIIC % of 2.80 as of Feb. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Okaya and its competitors. This is 35% below median its historical median of 4.30. Over the past decade, Okaya's 3-Year ROIIC % has ranged from 1.36 to 133.68. According to the industry distribution chart, Okaya ranks #261 out of 602 companies in the Steel industry, placing it in the top 43.4%.
Is Okaya's 3-Year ROIIC % too high?
Okaya's current 3-Year ROIIC % of 2.80 is 35% below median its 10-year median of 4.30. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 133.68. Based on the distribution chart, Okaya ranks #261 out of 602 companies in the Steel industry, which is above the industry midpoint. Overall, Okaya has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Okaya's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Okaya ranks #261 out of 602 companies for 3-Year ROIIC %. This puts Okaya in the upper half of its industry. Historically, Okaya's own 3-Year ROIIC % has ranged from 1.36 to 133.68 over the past decade. 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 Okaya and its competitors. Okaya's current 3-Year ROIIC % is 2.80, which is 35% below median its own 10-year median of 4.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okaya stock overvalued right now?
Based on GuruFocus' analysis, Okaya (NGO:7485) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,792.23, compared to a current price of 円5,060.00 — trading 33.4% above its estimated fair value. The current 3-Year ROIIC % is 2.80, which is 35% below median its 10-year median of 4.30. Okaya's overall GF Score™ is 77/100 with 7 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 Okaya (NGO:7485), the current 3-Year ROIIC % is 2.80 as of Feb. 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 Okaya (NGO:7485) Overvalued in 2026?
Based on GuruFocus' analysis, Okaya stock appears to be overvalued.
The current stock price of 円5,060.00 is trading 33.4% above its estimated GF Value™ of 円3,792.23.
GuruFocus considers Okaya to be Significantly Overvalued.
Key valuation signals for NGO:7485:
3-Year ROIIC %: 2.80 (35% below median its 10-year median of 4.30)
GF Value™: 円3,792.23 vs. price of 円5,060.00 (33.4% above fair value)
No single metric tells the full story. See the NGO:7485 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Okaya & Co Ltd is a Japan-based trading company. It is engaged in the businesses of iron and steel; information and electronics; industrial machinery and materials; and living-related products. Its products include iron and steel, special steel, non-ferrous metals, electrical and electronic parts, chemical products, machinery and tools, piping and housing equipment, construction-related items, and food products.
77GF Score
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