UNITED (TSE:2497) 3-Year ROIIC % : 307.38% (As of Mar. 2026) — 255% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2497 UNITED Inc TSE:2497
66 GF Score
Price 円518.00
GF Value 円539.75
Valuation Fairly Valued
! 4 Warning Signs
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What is UNITED 3-Year ROIIC %?

UNITED TSE:2497 -1.33% 66 3-Year ROIIC % is 307.38 as of Mar. 2026, which is 255% above its 10-year median of 86.54. GuruFocus rates TSE:2497 with a GF Score™ of 66/100 and a GF Value™ of 円539.75 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,621 Software companies, UNITED ranks better than 96.03% 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. UNITED's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 307.38%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for UNITED's 3-Year ROIIC % or its related term are showing as below:

TSE:2497's 3-Year ROIIC % is ranked better than
96.03% of 2621 companies
in the Software industry
Industry Median: 5.33 vs TSE:2497: 307.38

UNITED  (TSE:2497) 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.


UNITED 3-Year ROIIC % Related Terms


UNITED 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for UNITED'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.

UNITED 3-Year ROIIC % Chart

UNITED Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 259.10 -25.65 -42.32 162.73 307.38

UNITED Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 162.73 0.00 0.00 0.00 307.38

TSE:2497 vs QH, SHOP, UBER: 3-Year ROIIC % Comparison

For the Software - Application subindustry, UNITED'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.


UNITED 3-Year ROIIC % vs Software Industry

For the Software industry and Technology sector, UNITED's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where UNITED's 3-Year ROIIC % falls into.


TSE:2497
66GF Score
UNITED Inc TSE:2497
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

UNITED 3-Year ROIIC % Calculation

UNITED'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**
=( -1221.514 (Mar. 2026) - 3908.3447979 (Mar. 2023) )/( 3820.31 (Mar. 2026) - 5489.225 (Mar. 2023) )
=-5129.8587979/-1668.915
=307.38%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 307.38 mean?
UNITED (TSE:2497) has a 3-Year ROIIC % of 307.38 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 UNITED and its competitors. This is 255% above median its historical median of 86.54. According to the industry distribution chart, UNITED ranks #104 out of 2621 companies in the Software industry, placing it in the top 4%.
Is UNITED's 3-Year ROIIC % too high?
UNITED's current 3-Year ROIIC % of 307.38 is 255% above median its 10-year median of 86.54. The Software industry median 3-Year ROIIC % is 5.33. UNITED's value of 307.38 is 5667% above this industry median. Based on the distribution chart, UNITED ranks #104 out of 2621 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, UNITED has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does UNITED's 3-Year ROIIC % compare to QH and SHOP?
According to the Software industry distribution chart, UNITED ranks #104 out of 2621 companies for 3-Year ROIIC %. This places UNITED in the top 4% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 5.33. UNITED's value of 307.38 is 5667% above this benchmark. While the company's 10-year median is 86.54 vs. the industry median of 5.33, UNITED 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 Software company?
The median 3-Year ROIIC % among Software companies is 5.33, based on 2,621 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. UNITED's current 3-Year ROIIC % of 307.38 is 5667% 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 UNITED and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UNITED's current 3-Year ROIIC % is 307.38, which is 255% above median its own 10-year median of 86.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UNITED stock overvalued right now?
Based on GuruFocus' analysis, UNITED (TSE:2497) is currently considered Fairly Valued. The stock's GF Value™ is 円539.75, compared to a current price of 円518.00 — trading 4% below its estimated fair value. The current 3-Year ROIIC % is 307.38, which is 255% above median its 10-year median of 86.54 and 5667% above the Software industry median of 5.33. UNITED's overall GF Score™ is 66/100 with 4 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 UNITED (TSE:2497), the current 3-Year ROIIC % is 307.38 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 UNITED (TSE:2497) Overvalued in 2026?

Based on GuruFocus' analysis, UNITED stock appears to be undervalued. The current stock price of 円518.00 is trading 4% below its estimated GF Value™ of 円539.75. GuruFocus considers UNITED to be Fairly Valued.

Key valuation signals for TSE:2497:

  • 3-Year ROIIC %: 307.38 (255% above median its 10-year median of 86.54)
  • GF Value™: 円539.75 vs. price of 円518.00 (4% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 5667% above the Software median (#104 of 2621)

No single metric tells the full story. See the TSE:2497 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


UNITED Business Description

Address MFPR Shibuya Bldg 10F, 1-2-5 Shibuya, Shibuyaku, Tokyo, JPN, 150-0002
UNITED Inc is a Japan-based company, engages in advertising technology and smartphone applications business. It offers various smartphone applications, including CocoPPa, CocoPPa Play, CocoPPa Launcher, CHEERZ, and Crash Fever; and Kanahei Apps.
66GF Score

Get the complete analysis for TSE:2497

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円518.00
Price
円539.75
GF Value