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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.
Awa Paper & Technological Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -2.95%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Awa Paper & Technological Co (TSE:3896) 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.
Awa Paper & Technological Co 3-Year ROIIC % Related Terms
Awa Paper & Technological Co 3-Year ROIIC % Historical Data
* 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.
Awa Paper & Technological Co 3-Year ROIIC % Competitor Comparison
For the Paper & Paper Products subindustry, Awa Paper & Technological 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.
Awa Paper & Technological Co 3-Year ROIIC % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Awa Paper & Technological Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Awa Paper & Technological Co's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 45.3177806 (Mar. 2026) - 376.154 (Mar. 2023) )
/
( 25400.442 (Mar. 2026) - 14181.484 (Mar. 2023) )
=
-330.8362194
/
11218.958
=
-2.95%***
* 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.
Awa Paper & Technological Co (TSE:3896) has a 3-Year ROIIC % of -2.95 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 Awa Paper & Technological Co and its competitors. According to the industry distribution chart, Awa Paper & Technological Co ranks #149 out of 268 companies in the Forest Products industry, placing it in the top 55.6%.
Is Awa Paper & Technological Co's 3-Year ROIIC % too high?
Awa Paper & Technological Co's current 3-Year ROIIC % is -2.95. Based on the distribution chart, Awa Paper & Technological Co ranks #149 out of 268 companies in the Forest Products industry, which is below the industry midpoint. Overall, Awa Paper & Technological Co has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Awa Paper & Technological Co's 3-Year ROIIC % compare to competitors?
According to the Forest Products industry distribution chart, Awa Paper & Technological Co ranks #149 out of 268 companies for 3-Year ROIIC %. This places Awa Paper & Technological Co in the lower 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 Forest Products company?
A good 3-Year ROIIC % depends on the Forest Products 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 Awa Paper & Technological Co and its competitors. Awa Paper & Technological Co's current 3-Year ROIIC % is -2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Awa Paper & Technological Co stock overvalued right now?
Based on GuruFocus' analysis, Awa Paper & Technological Co (TSE:3896) is currently considered Modestly Undervalued. The stock's GF Value™ is 円499.62, compared to a current price of 円371.00 — trading 25.7% below its estimated fair value. The current 3-Year ROIIC % is -2.95. Awa Paper & Technological Co's overall GF Score™ is 53/100 with 7 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 Awa Paper & Technological Co (TSE:3896), the current 3-Year ROIIC % is -2.95 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 Awa Paper & Technological Co (TSE:3896) Overvalued in 2026?
Based on GuruFocus' analysis, Awa Paper & Technological Co stock appears to be undervalued.
The current stock price of 円371.00 is trading 25.7% below its estimated GF Value™ of 円499.62.
GuruFocus considers Awa Paper & Technological Co to be Modestly Undervalued.
Key valuation signals for TSE:3896:
3-Year ROIIC %: -2.95
GF Value™: 円499.62 vs. price of 円371.00 (25.7% below fair value)
No single metric tells the full story. See the TSE:3896 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Awa Paper & Technological Co Inc is engaged in manufacturing and selling papers. The company provides air filter media, polyolefin sheets, base papers, cabin filter media, heat radiation sheets and fins, carbon fiber reinforced plastics, ceramic sheets, and cushion papers, as well as graphitic, carbon fiber, activated carbon fiber, and activated carbon.
53GF Score
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