NHK Spring CoNHKGF 72 3-Year ROIIC % is 4.81 as of Mar. 2026, which is 41% below its 10-year median of 8.10. GuruFocus rates NHKGF with a GF Score™ of 72/100 and a GF Value™ of $11.27 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,257 Vehicles & Parts companies, NHK Spring Co ranks better than 51.31% 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.
NHK Spring Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 4.81%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for NHK Spring Co's 3-Year ROIIC % or its related term are showing as below:
NHKGF's 3-Year ROIIC % is ranked better than 51.31% of 1257
companies
in the Vehicles & Parts industry
Industry Median: 4.18
vs NHKGF: 4.81
NHK Spring Co (OTCPK:NHKGF) 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.
NHK Spring Co 3-Year ROIIC % Related Terms
NHK Spring Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for NHK Spring 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 Auto Parts subindustry, NHK Spring 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.
NHK Spring Co 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NHK Spring Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where NHK Spring 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.
NHK Spring Co (NHKGF) has a 3-Year ROIIC % of 4.81 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 NHK Spring Co and its competitors. This is 41% below median its historical median of 8.10. According to the industry distribution chart, NHK Spring Co ranks #612 out of 1257 companies in the Vehicles & Parts industry, placing it in the top 48.7%.
Is NHK Spring Co's 3-Year ROIIC % too high?
NHK Spring Co's current 3-Year ROIIC % of 4.81 is 41% below median its 10-year median of 8.10. The Vehicles & Parts industry median 3-Year ROIIC % is 4.18. NHK Spring Co's value of 4.81 is 15.1% above this industry median. Based on the distribution chart, NHK Spring Co ranks #612 out of 1257 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, NHK Spring Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NHK Spring Co's 3-Year ROIIC % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, NHK Spring Co ranks #612 out of 1257 companies for 3-Year ROIIC %. This puts NHK Spring Co in the upper half of its industry. The industry median 3-Year ROIIC % is 4.18. NHK Spring Co's value of 4.81 is 15.1% above this benchmark. While the company's 10-year median is 8.10 vs. the industry median of 4.18, NHK Spring 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 Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.18, based on 1,257 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. NHK Spring Co's current 3-Year ROIIC % of 4.81 is 15.1% 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 NHK Spring Co and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NHK Spring Co's current 3-Year ROIIC % is 4.81, which is 41% below median its own 10-year median of 8.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NHK Spring Co stock overvalued right now?
Based on GuruFocus' analysis, NHK Spring Co (NHKGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.27, compared to a current price of $24.51 — trading 117.5% above its estimated fair value. The current 3-Year ROIIC % is 4.81, which is 41% below median its 10-year median of 8.10 and 15.1% above the Vehicles & Parts industry median of 4.18. NHK Spring Co's overall GF Score™ is 72/100 with 6 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 NHK Spring Co (NHKGF), the current 3-Year ROIIC % is 4.81 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 NHK Spring Co (NHKGF) Overvalued in 2026?
Based on GuruFocus' analysis, NHK Spring Co stock appears to be overvalued.
The current stock price of $24.51 is trading 117.5% above its estimated GF Value™ of $11.27.
GuruFocus considers NHK Spring Co to be Significantly Overvalued.
Key valuation signals for NHKGF:
3-Year ROIIC %: 4.81 (41% below median its 10-year median of 8.10)
GF Value™: $11.27 vs. price of $24.51 (117.5% above fair value)
Industry Position: 15.1% above the Vehicles & Parts median (#612 of 1257)
No single metric tells the full story. See the NHKGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company operates through five segments. The Disc drive suspension (DDS) segment covers disc drive suspension products. The Industrial Equipment segment includes semiconductor process parts, ceramic products, spring mechanisms, piping support devices, parking devices, and other equipment. The Precision Parts segment handles HDD components, wire, and thin plate springs, motor cores, probe units, fasteners, and other precision products. The Sheet segment provides automobile seats, seat mechanisms, and interior parts, while the Suspension Spring segment offers coil springs, leaf springs, stabilizers, accumulators, torsion bars, and related components.
72GF Score
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