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AUTOWAVE CoTSE:2666 +0.52%67 3-Year ROIIC % is 200.89 as of Mar. 2026, which is 3627% above its 10-year median of 5.39. GuruFocus rates TSE:2666 with a GF Score™ of 67/100 and a GF Value™ of 円180.67 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,061 Retail - Cyclical companies, AUTOWAVE Co ranks better than 95.48% 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.
AUTOWAVE Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 200.89%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for AUTOWAVE Co's 3-Year ROIIC % or its related term are showing as below:
TSE:2666's 3-Year ROIIC % is ranked better than 95.48% of 1061
companies
in the Retail - Cyclical industry
Industry Median: 3.96
vs TSE:2666: 200.89
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.
AUTOWAVE Co 3-Year ROIIC % Related Terms
AUTOWAVE Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for AUTOWAVE 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:2666 vs CASY, WSM, ULTA: 3-Year ROIIC % Comparison
For the Specialty Retail subindustry, AUTOWAVE 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.
AUTOWAVE Co 3-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, AUTOWAVE Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where AUTOWAVE Co's 3-Year ROIIC % falls into.
AUTOWAVE 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**
=
( 318.701 (Mar. 2026) - 189.958414 (Mar. 2023) )
/
( 6828.792 (Mar. 2026) - 6764.706 (Mar. 2023) )
=
128.742586
/
64.085999999999
=
200.89%***
* 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.
AUTOWAVE Co (TSE:2666) has a 3-Year ROIIC % of 200.89 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 AUTOWAVE Co and its competitors. This is 3627% above median its historical median of 5.39. According to the industry distribution chart, AUTOWAVE Co ranks #48 out of 1061 companies in the Retail - Cyclical industry, placing it in the top 4.5%.
Is AUTOWAVE Co's 3-Year ROIIC % too high?
AUTOWAVE Co's current 3-Year ROIIC % of 200.89 is 3627% above median its 10-year median of 5.39. The Retail - Cyclical industry median 3-Year ROIIC % is 3.96. AUTOWAVE Co's value of 200.89 is 4973% above this industry median. Based on the distribution chart, AUTOWAVE Co ranks #48 out of 1061 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, AUTOWAVE Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AUTOWAVE Co's 3-Year ROIIC % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, AUTOWAVE Co ranks #48 out of 1061 companies for 3-Year ROIIC %. This places AUTOWAVE Co in the top 5% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.96. AUTOWAVE Co's value of 200.89 is 4973% above this benchmark. While the company's 10-year median is 5.39 vs. the industry median of 3.96, AUTOWAVE 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 Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 3.96, based on 1,061 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. AUTOWAVE Co's current 3-Year ROIIC % of 200.89 is 4973% 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 AUTOWAVE Co and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AUTOWAVE Co's current 3-Year ROIIC % is 200.89, which is 3627% above median its own 10-year median of 5.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AUTOWAVE Co stock overvalued right now?
Based on GuruFocus' analysis, AUTOWAVE Co (TSE:2666) is currently considered Fairly Valued. The stock's GF Value™ is 円180.67, compared to a current price of 円192.00 — trading 6.3% above its estimated fair value. The current 3-Year ROIIC % is 200.89, which is 3627% above median its 10-year median of 5.39 and 4973% above the Retail - Cyclical industry median of 3.96. AUTOWAVE Co's overall GF Score™ is 67/100 with 6 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 AUTOWAVE Co (TSE:2666), the current 3-Year ROIIC % is 200.89 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 AUTOWAVE Co (TSE:2666) Overvalued in 2026?
Based on GuruFocus' analysis, AUTOWAVE Co stock appears to be overvalued.
The current stock price of 円192.00 is trading 6.3% above its estimated GF Value™ of 円180.67.
GuruFocus considers AUTOWAVE Co to be Fairly Valued.
Key valuation signals for TSE:2666:
3-Year ROIIC %: 200.89 (3627% above median its 10-year median of 5.39)
GF Value™: 円180.67 vs. price of 円192.00 (6.3% above fair value)
Industry Position: 4973% above the Retail - Cyclical median (#48 of 1061)
No single metric tells the full story. See the TSE:2666 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AUTOWAVE Co Ltd is engaged in car supplies and car total maintenance service. The services offered by the company include inspection, tire, car navigation, battery maintenance, sheet metal repair, and auto wave card.
67GF Score
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