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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.
Mori-Gumi Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 12.54%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mori-Gumi Co's 3-Year ROIIC % or its related term are showing as below:
TSE:1853's 3-Year ROIIC % is ranked better than 64.35% of 1686
companies
in the Construction industry
Industry Median: 4.63
vs TSE:1853: 12.54
Mori-Gumi Co (TSE:1853) 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.
Mori-Gumi Co 3-Year ROIIC % Related Terms
Mori-Gumi Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Mori-Gumi 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.
TSE:1853 vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, Mori-Gumi 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.
Mori-Gumi Co 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Mori-Gumi Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mori-Gumi Co's 3-Year ROIIC % falls into.
Mori-Gumi Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 920.5492 (Mar. 2026) - 553.9518 (Mar. 2023) )
/
( 12357 (Mar. 2026) - 9433 (Mar. 2023) )
=
366.5974
/
2924
=
12.54%***
* 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.
Mori-Gumi Co (TSE:1853) has a 3-Year ROIIC % of 12.54 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 Mori-Gumi Co and its competitors. According to the industry distribution chart, Mori-Gumi Co ranks #601 out of 1686 companies in the Construction industry, placing it in the top 35.6%.
Is Mori-Gumi Co's 3-Year ROIIC % too high?
Mori-Gumi Co's current 3-Year ROIIC % is 12.54. The Construction industry median 3-Year ROIIC % is 4.63. Mori-Gumi Co's value of 12.54 is 170.8% above this industry median. Based on the distribution chart, Mori-Gumi Co ranks #601 out of 1686 companies in the Construction industry, which is above the industry midpoint. Overall, Mori-Gumi Co has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mori-Gumi Co's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Mori-Gumi Co ranks #601 out of 1686 companies for 3-Year ROIIC %. This puts Mori-Gumi Co in the upper half of its industry. The industry median 3-Year ROIIC % is 4.63. Mori-Gumi Co's value of 12.54 is 170.8% above this benchmark. 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.63, based on 1,686 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. Mori-Gumi Co's current 3-Year ROIIC % of 12.54 is 170.8% 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 Mori-Gumi Co and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mori-Gumi Co's current 3-Year ROIIC % is 12.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori-Gumi Co stock overvalued right now?
Based on GuruFocus' analysis, Mori-Gumi Co (TSE:1853) is currently considered Fairly Valued. The stock's GF Value™ is 円330.34, compared to a current price of 円328.00 — trading 0.7% below its estimated fair value. The current 3-Year ROIIC % is 12.54 and 170.8% above the Construction industry median of 4.63. Mori-Gumi Co's overall GF Score™ is 68/100 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 Mori-Gumi Co (TSE:1853), the current 3-Year ROIIC % is 12.54 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 Mori-Gumi Co (TSE:1853) Overvalued in 2026?
Based on GuruFocus' analysis, Mori-Gumi Co stock appears to be undervalued.
The current stock price of 円328.00 is trading 0.7% below its estimated GF Value™ of 円330.34.
GuruFocus considers Mori-Gumi Co to be Fairly Valued.
Key valuation signals for TSE:1853:
3-Year ROIIC %: 12.54
GF Value™: 円330.34 vs. price of 円328.00 (0.7% below fair value)
Industry Position: 170.8% above the Construction median (#601 of 1686)
No single metric tells the full story. See the TSE:1853 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mori-Gumi Co Ltd operates in three divisions - Construction business, which is engaged in civil engineering, architecture, and other general construction work-related businesses; Crushed stone division, which is engaged in the manufacture and sale of crushed stone, crushed sand, etc., and brokerage of transactions.; and Real estate division is engaged in the development, purchase and sale, exchange, and rental of real estate, as well as the agency and brokerage of these businesses.
68GF Score
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