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Asahi Kogyosha CoTSE:1975 +0.41%66 3-Year ROIIC % is 91.67 as of Mar. 2026, which is 448% above its 10-year median of 16.72. GuruFocus rates TSE:1975 with a GF Score™ of 66/100 and a GF Value™ of 円2,096.04 (Significantly Overvalued). Among 1,685 Construction companies, Asahi Kogyosha Co ranks better than 92.7% 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.
Asahi Kogyosha Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 91.67%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Asahi Kogyosha Co's 3-Year ROIIC % or its related term are showing as below:
TSE:1975's 3-Year ROIIC % is ranked better than 92.7% of 1685
companies
in the Construction industry
Industry Median: 4.63
vs TSE:1975: 91.67
Asahi Kogyosha Co (TSE:1975) 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.
Asahi Kogyosha Co 3-Year ROIIC % Related Terms
Asahi Kogyosha Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Asahi Kogyosha 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:1975 vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, Asahi Kogyosha 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.
Asahi Kogyosha Co 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Asahi Kogyosha Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Asahi Kogyosha Co's 3-Year ROIIC % falls into.
Asahi Kogyosha 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**
=
( 8659.0124 (Mar. 2026) - 1778.22 (Mar. 2023) )
/
( 48052 (Mar. 2026) - 40546 (Mar. 2023) )
=
6880.7924
/
7506
=
91.67%***
* 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.
Asahi Kogyosha Co (TSE:1975) has a 3-Year ROIIC % of 91.67 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 Asahi Kogyosha Co and its competitors. This is 448% above median its historical median of 16.72. According to the industry distribution chart, Asahi Kogyosha Co ranks #123 out of 1685 companies in the Construction industry, placing it in the top 7.3%.
Is Asahi Kogyosha Co's 3-Year ROIIC % too high?
Asahi Kogyosha Co's current 3-Year ROIIC % of 91.67 is 448% above median its 10-year median of 16.72. The Construction industry median 3-Year ROIIC % is 4.63. Asahi Kogyosha Co's value of 91.67 is 1879.9% above this industry median. Based on the distribution chart, Asahi Kogyosha Co ranks #123 out of 1685 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Asahi Kogyosha Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Kogyosha Co's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Asahi Kogyosha Co ranks #123 out of 1685 companies for 3-Year ROIIC %. This places Asahi Kogyosha Co in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.63. Asahi Kogyosha Co's value of 91.67 is 1879.9% above this benchmark. While the company's 10-year median is 16.72 vs. the industry median of 4.63, Asahi Kogyosha 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.63, 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. Asahi Kogyosha Co's current 3-Year ROIIC % of 91.67 is 1879.9% 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 Asahi Kogyosha 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. Asahi Kogyosha Co's current 3-Year ROIIC % is 91.67, which is 448% above median its own 10-year median of 16.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Kogyosha Co stock overvalued right now?
Based on GuruFocus' analysis, Asahi Kogyosha Co (TSE:1975) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,096.04, compared to a current price of 円3,695.00 — trading 76.3% above its estimated fair value. The current 3-Year ROIIC % is 91.67, which is 448% above median its 10-year median of 16.72 and 1879.9% above the Construction industry median of 4.63. Asahi Kogyosha Co's overall GF Score™ is 66/100. 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 Asahi Kogyosha Co (TSE:1975), the current 3-Year ROIIC % is 91.67 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 Asahi Kogyosha Co (TSE:1975) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Kogyosha Co stock appears to be overvalued.
The current stock price of 円3,695.00 is trading 76.3% above its estimated GF Value™ of 円2,096.04.
GuruFocus considers Asahi Kogyosha Co to be Significantly Overvalued.
Key valuation signals for TSE:1975:
3-Year ROIIC %: 91.67 (448% above median its 10-year median of 16.72)
GF Value™: 円2,096.04 vs. price of 円3,695.00 (76.3% above fair value)
Industry Position: 1879.9% above the Construction median (#123 of 1685)
No single metric tells the full story. See the TSE:1975 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi Kogyosha Co Ltd is a Japan-based company. It mainly designs, supervises, and constructs air conditioning and sanitary equipment. Along with its subsidiaries, the company operates in the following reportable segments; Facility construction and Equipment manufacturing and sales. A majority of its revenue is derived from the facility construction business, which is involved in the planning, design, and construction of air conditioning, water supply, drainage, and sanitary facilities. The equipment manufacturing and sales business is engaged in the manufacturing and sale of environmental equipment for the semiconductor, FPD, and electronics industries and also manufactures air conditioning-related equipment in cooperation with construction companies.
66GF Score
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