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Tomen DevicesTSE:2737 +2.28%68 3-Year ROIIC % is 2.86 as of Mar. 2026, which is 83% below its 10-year median of 16.62. GuruFocus rates TSE:2737 with a GF Score™ of 68/100 and a GF Value™ of 円10,416.32 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 995 Semiconductors companies, Tomen Devices ranks better than 54.87% 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.
Tomen Devices's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 2.86%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Tomen Devices's 3-Year ROIIC % or its related term are showing as below:
TSE:2737's 3-Year ROIIC % is ranked better than 54.87% of 995
companies
in the Semiconductors industry
Industry Median: -0.18
vs TSE:2737: 2.86
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.
Tomen Devices 3-Year ROIIC % Related Terms
Tomen Devices 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Tomen Devices'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:2737 vs NVDA, AVGO, MU: 3-Year ROIIC % Comparison
For the Semiconductors subindustry, Tomen Devices'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.
Tomen Devices 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tomen Devices's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tomen Devices's 3-Year ROIIC % falls into.
Tomen Devices'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**
=
( 14122.563 (Mar. 2026) - 9362.065 (Mar. 2023) )
/
( 225825 (Mar. 2026) - 59155 (Mar. 2023) )
=
4760.498
/
166670
=
2.86%***
* 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.
Tomen Devices (TSE:2737) has a 3-Year ROIIC % of 2.86 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 Tomen Devices and its competitors. This is 83% below median its historical median of 16.62. According to the industry distribution chart, Tomen Devices ranks #449 out of 995 companies in the Semiconductors industry, placing it in the top 45.1%.
Is Tomen Devices' 3-Year ROIIC % too high?
Tomen Devices' current 3-Year ROIIC % of 2.86 is 83% below median its 10-year median of 16.62. Based on the distribution chart, Tomen Devices ranks #449 out of 995 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Tomen Devices has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tomen Devices' 3-Year ROIIC % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Tomen Devices ranks #449 out of 995 companies for 3-Year ROIIC %. This puts Tomen Devices in the upper half of its industry. 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 Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Tomen Devices and its competitors. Tomen Devices's current 3-Year ROIIC % is 2.86, which is 83% below median its own 10-year median of 16.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomen Devices stock overvalued right now?
Based on GuruFocus' analysis, Tomen Devices (TSE:2737) is currently considered Significantly Overvalued. The stock's GF Value™ is 円10,416.32, compared to a current price of 円31,400.00 — trading 201.5% above its estimated fair value. The current 3-Year ROIIC % is 2.86, which is 83% below median its 10-year median of 16.62. Tomen Devices' overall GF Score™ is 68/100 with 12 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 Tomen Devices (TSE:2737), the current 3-Year ROIIC % is 2.86 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 Tomen Devices (TSE:2737) Overvalued in 2026?
Based on GuruFocus' analysis, Tomen Devices stock appears to be overvalued.
The current stock price of 円31,400.00 is trading 201.5% above its estimated GF Value™ of 円10,416.32.
GuruFocus considers Tomen Devices to be Significantly Overvalued.
Key valuation signals for TSE:2737:
3-Year ROIIC %: 2.86 (83% below median its 10-year median of 16.62)
GF Value™: 円10,416.32 vs. price of 円31,400.00 (201.5% above fair value)
No single metric tells the full story. See the TSE:2737 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomen Devices Corp is a Japan-based company operating in the semiconductor sector. The company is mainly engaged in the production and sales of semiconductors and electronic parts. It offers memory products, system large scale integration (LSI) products, thin film transistor (TFT), liquid crystal panels and fluorescent display tubes.
68GF Score
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