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First Brothers CoTSE:3454 +0.31%68 3-Year ROIIC % is 91.13 as of Nov. 2025, which is 7965% above its 10-year median of 1.13. GuruFocus rates TSE:3454 with a GF Score™ of 68/100 and a GF Value™ of 円1,547.08 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 657 Asset Management companies, First Brothers Co ranks better than 89.65% 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.
First Brothers Co's 3-Year ROIIC % for the quarter that ended in Nov. 2025 was 91.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for First Brothers Co's 3-Year ROIIC % or its related term are showing as below:
TSE:3454's 3-Year ROIIC % is ranked better than 89.65% of 657
companies
in the Asset Management industry
Industry Median: 1.89
vs TSE:3454: 91.13
First Brothers Co (TSE:3454) 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.
First Brothers Co 3-Year ROIIC % Related Terms
First Brothers Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for First Brothers 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:3454 vs BLK, BX, KKR: 3-Year ROIIC % Comparison
For the Asset Management subindustry, First Brothers 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.
First Brothers Co 3-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, First Brothers Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where First Brothers Co's 3-Year ROIIC % falls into.
* 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.
First Brothers Co (TSE:3454) has a 3-Year ROIIC % of 91.13 as of Nov. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on First Brothers Co and its competitors. This is 7965% above median its historical median of 1.13. According to the industry distribution chart, First Brothers Co ranks #68 out of 657 companies in the Asset Management industry, placing it in the top 10.4%.
Is First Brothers Co's 3-Year ROIIC % too high?
First Brothers Co's current 3-Year ROIIC % of 91.13 is 7965% above median its 10-year median of 1.13. The Asset Management industry median 3-Year ROIIC % is 1.89. First Brothers Co's value of 91.13 is 4721.7% above this industry median. Based on the distribution chart, First Brothers Co ranks #68 out of 657 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, First Brothers Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Brothers Co's 3-Year ROIIC % compare to BLK and BX?
According to the Asset Management industry distribution chart, First Brothers Co ranks #68 out of 657 companies for 3-Year ROIIC %. This places First Brothers Co in the top 10% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.89. First Brothers Co's value of 91.13 is 4721.7% above this benchmark. While the company's 10-year median is 1.13 vs. the industry median of 1.89, First Brothers 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 an Asset Management company?
The median 3-Year ROIIC % among Asset Management companies is 1.89, based on 657 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. First Brothers Co's current 3-Year ROIIC % of 91.13 is 4721.7% 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 First Brothers Co and its competitors. For the Asset Management industry, the median 3-Year ROIIC % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Brothers Co's current 3-Year ROIIC % is 91.13, which is 7965% above median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Brothers Co stock overvalued right now?
Based on GuruFocus' analysis, First Brothers Co (TSE:3454) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,547.08, compared to a current price of 円1,274.00 — trading 17.7% below its estimated fair value. The current 3-Year ROIIC % is 91.13, which is 7965% above median its 10-year median of 1.13 and 4721.7% above the Asset Management industry median of 1.89. First Brothers Co's overall GF Score™ is 68/100 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 First Brothers Co (TSE:3454), the current 3-Year ROIIC % is 91.13 as of Nov. 2025. 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 First Brothers Co (TSE:3454) Overvalued in 2026?
Based on GuruFocus' analysis, First Brothers Co stock appears to be undervalued.
The current stock price of 円1,274.00 is trading 17.7% below its estimated GF Value™ of 円1,547.08.
GuruFocus considers First Brothers Co to be Modestly Undervalued.
Key valuation signals for TSE:3454:
3-Year ROIIC %: 91.13 (7965% above median its 10-year median of 1.13)
GF Value™: 円1,547.08 vs. price of 円1,274.00 (17.7% below fair value)
Industry Position: 4721.7% above the Asset Management median (#68 of 657)
No single metric tells the full story. See the TSE:3454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Brothers Co Ltd engages in the investment management business. It operates through the Investment Management, Investment Banking, and Facility Management divisions. The Investment Management division invests in real estate or real estate trust beneficiary rights by performing asset management in a private fund format. The Investment Banking division provides various advisory services for real estate and other investments. The Facility Management operates accommodation facilities to provide hospitality services from a medium-to long-term perspective.
68GF Score
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