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.
Tokyo Steel Manufacturing Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -45.25%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
TOKSF's 3-Year ROIIC % is ranked worse than 84.18% of 607
companies
in the Steel industry
Industry Median: -0.23
vs TOKSF: -45.25
Tokyo Steel Manufacturing Co (OTCPK:TOKSF) 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.
Tokyo Steel Manufacturing Co 3-Year ROIIC % Related Terms
Tokyo Steel Manufacturing 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 Steel subindustry, Tokyo Steel Manufacturing 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.
Tokyo Steel Manufacturing Co 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Tokyo Steel Manufacturing Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tokyo Steel Manufacturing 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.
Tokyo Steel Manufacturing Co (TOKSF) has a 3-Year ROIIC % of -45.25 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 Tokyo Steel Manufacturing Co and its competitors. According to the industry distribution chart, Tokyo Steel Manufacturing Co ranks #511 out of 607 companies in the Steel industry, placing it in the top 84.2%.
Is Tokyo Steel Manufacturing Co's 3-Year ROIIC % too high?
Tokyo Steel Manufacturing Co's current 3-Year ROIIC % is -45.25. Based on the distribution chart, Tokyo Steel Manufacturing Co ranks #511 out of 607 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Tokyo Steel Manufacturing Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Steel Manufacturing Co's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Tokyo Steel Manufacturing Co ranks #511 out of 607 companies for 3-Year ROIIC %. This places Tokyo Steel Manufacturing Co in the lower 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 Tokyo Steel Manufacturing Co and its competitors. Tokyo Steel Manufacturing Co's current 3-Year ROIIC % is -45.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Steel Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co (TOKSF) is currently considered Fairly Valued. The stock's GF Value™ is $7.79, compared to a current price of $9.11 — trading 16.9% above its estimated fair value. The current 3-Year ROIIC % is -45.25. Tokyo Steel Manufacturing Co's overall GF Score™ is 72/100 with 10 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 Tokyo Steel Manufacturing Co (TOKSF), the current 3-Year ROIIC % is -45.25 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 Tokyo Steel Manufacturing Co (TOKSF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co stock appears to be overvalued.
The current stock price of $9.11 is trading 16.9% above its estimated GF Value™ of $7.79.
GuruFocus considers Tokyo Steel Manufacturing Co to be Fairly Valued.
Key valuation signals for TOKSF:
3-Year ROIIC %: -45.25
GF Value™: $7.79 vs. price of $9.11 (16.9% above fair value)
No single metric tells the full story. See the TOKSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Steel Manufacturing Co Ltd is a Japan-based company engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in a broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates the majority of its revenue from the Japanese domestic market.
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