Onward Holdings CoOKASY 78 3-Year ROIIC % is 31.46 as of Feb. 2026, which is 87% above its 10-year median of 16.86. GuruFocus rates OKASY with a GF Score™ of 78/100 and a GF Value™ of $46.36. The stock has 3 warning signs investors should review. Among 1,009 Manufacturing - Apparel & Accessories companies, Onward Holdings Co ranks better than 81.86% 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.
Onward Holdings Co's 3-Year ROIIC % for the quarter that ended in Feb. 2026 was 31.46%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Onward Holdings Co's 3-Year ROIIC % or its related term are showing as below:
Onward Holdings Co (OTCPK:OKASY) 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.
Onward Holdings Co 3-Year ROIIC % Related Terms
Onward Holdings Co 3-Year ROIIC % Historical Data
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The historical data trend for Onward Holdings 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 Apparel Manufacturing subindustry, Onward Holdings 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.
Onward Holdings Co 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Onward Holdings 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.
Onward Holdings Co (OKASY) has a 3-Year ROIIC % of 31.46 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 Onward Holdings Co and its competitors. This is 87% above median its historical median of 16.86. According to the industry distribution chart, Onward Holdings Co ranks #183 out of 1009 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 18.1%.
Is Onward Holdings Co's 3-Year ROIIC % too high?
Onward Holdings Co's current 3-Year ROIIC % of 31.46 is 87% above median its 10-year median of 16.86. The Manufacturing - Apparel & Accessories industry median 3-Year ROIIC % is 1.46. Onward Holdings Co's value of 31.46 is 2054.8% above this industry median. Based on the distribution chart, Onward Holdings Co ranks #183 out of 1009 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Onward Holdings Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Onward Holdings Co's 3-Year ROIIC % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Onward Holdings Co ranks #183 out of 1009 companies for 3-Year ROIIC %. This places Onward Holdings Co in the top 18% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.46. Onward Holdings Co's value of 31.46 is 2054.8% above this benchmark. While the company's 10-year median is 16.86 vs. the industry median of 1.46, Onward Holdings 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 Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.46, based on 1,009 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. Onward Holdings Co's current 3-Year ROIIC % of 31.46 is 2054.8% 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 Onward Holdings Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Holdings Co's current 3-Year ROIIC % is 31.46, which is 87% above median its own 10-year median of 16.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Holdings Co stock overvalued right now?
Onward Holdings Co (OKASY) has a current 3-Year ROIIC % of 31.46. The stock's GF Value™ is $46.36, compared to a current price of $50.00 — trading 7.9% above its estimated fair value. The current 3-Year ROIIC % is 31.46, which is 87% above median its 10-year median of 16.86 and 2054.8% above the Manufacturing - Apparel & Accessories industry median of 1.46. Onward Holdings Co's overall GF Score™ is 78/100 with 3 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 Onward Holdings Co (OKASY), the current 3-Year ROIIC % is 31.46 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 Onward Holdings Co (OKASY) Overvalued in 2026?
Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued.
The current stock price of $50.00 is trading 7.9% above its estimated GF Value™ of $46.36.
Key valuation signals for OKASY:
3-Year ROIIC %: 31.46 (87% above median its 10-year median of 16.86)
GF Value™: $46.36 vs. price of $50.00 (7.9% above fair value)
Industry Position: 2054.8% above the Manufacturing - Apparel & Accessories median (#183 of 1009)
No single metric tells the full story. See the OKASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.
78GF Score
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