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Taihei Dengyo KaishaTSE:1968 -4.12%81 3-Year ROIIC % is 0.60 as of Mar. 2026, which is 94% below its 10-year median of 9.39. GuruFocus rates TSE:1968 with a GF Score™ of 81/100 and a GF Value™ of 円1,746.47 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,685 Construction companies, Taihei Dengyo Kaisha ranks worse than 59.23% 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.
Taihei Dengyo Kaisha's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 0.60%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Taihei Dengyo Kaisha's 3-Year ROIIC % or its related term are showing as below:
TSE:1968's 3-Year ROIIC % is ranked worse than 59.23% of 1685
companies
in the Construction industry
Industry Median: 4.76
vs TSE:1968: 0.60
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.
Taihei Dengyo Kaisha 3-Year ROIIC % Related Terms
Taihei Dengyo Kaisha 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Taihei Dengyo Kaisha'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:1968 vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, Taihei Dengyo Kaisha'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.
Taihei Dengyo Kaisha 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Taihei Dengyo Kaisha's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Taihei Dengyo Kaisha's 3-Year ROIIC % falls into.
Taihei Dengyo Kaisha'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**
=
( 10169.852 (Mar. 2026) - 9928.1745 (Mar. 2023) )
/
( 125253 (Mar. 2026) - 85096 (Mar. 2023) )
=
241.6775
/
40157
=
0.60%***
* 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.
Taihei Dengyo Kaisha (TSE:1968) has a 3-Year ROIIC % of 0.60 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 Taihei Dengyo Kaisha and its competitors. This is 94% below median its historical median of 9.39. According to the industry distribution chart, Taihei Dengyo Kaisha ranks #998 out of 1685 companies in the Construction industry, placing it in the top 59.2%.
Is Taihei Dengyo Kaisha's 3-Year ROIIC % too high?
Taihei Dengyo Kaisha's current 3-Year ROIIC % of 0.60 is 94% below median its 10-year median of 9.39. The Construction industry median 3-Year ROIIC % is 4.76. Taihei Dengyo Kaisha's value of 0.60 is 87.4% below this industry median. Based on the distribution chart, Taihei Dengyo Kaisha ranks #998 out of 1685 companies in the Construction industry, which is below the industry midpoint. Overall, Taihei Dengyo Kaisha has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taihei Dengyo Kaisha's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Taihei Dengyo Kaisha ranks #998 out of 1685 companies for 3-Year ROIIC %. This places Taihei Dengyo Kaisha in the lower half of its industry. The industry median 3-Year ROIIC % is 4.76. Taihei Dengyo Kaisha's value of 0.60 is 87.4% below this benchmark. While the company's 10-year median is 9.39 vs. the industry median of 4.76, Taihei Dengyo Kaisha has consistently been below 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.76, based on 1,685 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. Taihei Dengyo Kaisha's current 3-Year ROIIC % of 0.60 is 87.4% below 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 Taihei Dengyo Kaisha and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taihei Dengyo Kaisha's current 3-Year ROIIC % is 0.60, which is 94% below median its own 10-year median of 9.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taihei Dengyo Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Taihei Dengyo Kaisha (TSE:1968) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,746.47, compared to a current price of 円2,395.00 — trading 37.1% above its estimated fair value. The current 3-Year ROIIC % is 0.60, which is 94% below median its 10-year median of 9.39 and 87.4% below the Construction industry median of 4.76. Taihei Dengyo Kaisha's overall GF Score™ is 81/100 with 2 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 Taihei Dengyo Kaisha (TSE:1968), the current 3-Year ROIIC % is 0.60 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 Taihei Dengyo Kaisha (TSE:1968) Overvalued in 2026?
Based on GuruFocus' analysis, Taihei Dengyo Kaisha stock appears to be overvalued.
The current stock price of 円2,395.00 is trading 37.1% above its estimated GF Value™ of 円1,746.47.
GuruFocus considers Taihei Dengyo Kaisha to be Significantly Overvalued.
Key valuation signals for TSE:1968:
3-Year ROIIC %: 0.60 (94% below median its 10-year median of 9.39)
GF Value™: 円1,746.47 vs. price of 円2,395.00 (37.1% above fair value)
Industry Position: 87.4% below the Construction median (#998 of 1685)
No single metric tells the full story. See the TSE:1968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taihei Dengyo Kaisha Ltd is a Japan-based company mainly engaged in the construction business. It is involved in the construction and maintenance of thermal, nuclear, gas-turbine, and diesel engine power plants, steel mill, petrochemical, sugar refining, cement and other industrial plants as well as dioxin and sludge treatment. Additionally, the company also design, manufacture, install and maintain the various electrical system, sub-station, control system, optical fiber communication system, air conditioning and utility sanitary system. Further, it also creates, procures and fabricates machined products such as tanks, piping, electrical and control panels.
81GF Score
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