Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Rasa IndustriesTSE:4022 -4.46%70 3-Year ROIIC % is 24.57 as of Mar. 2026, which is 128% above its 10-year median of 10.76. GuruFocus rates TSE:4022 with a GF Score™ of 70/100 and a GF Value™ of 円610.00 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,522 Chemicals companies, Rasa Industries ranks better than 80.35% 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.
Rasa Industries's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 24.57%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Rasa Industries's 3-Year ROIIC % or its related term are showing as below:
TSE:4022's 3-Year ROIIC % is ranked better than 80.35% of 1522
companies
in the Chemicals industry
Industry Median: -0.01
vs TSE:4022: 24.57
Rasa Industries (TSE:4022) 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.
Rasa Industries 3-Year ROIIC % Related Terms
Rasa Industries 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Rasa Industries'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:4022 vs LIN, SHW, ECL: 3-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, Rasa Industries'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.
Rasa Industries 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Rasa Industries's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Rasa Industries's 3-Year ROIIC % falls into.
Rasa Industries'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**
=
( 4234.3546 (Mar. 2026) - 3257.8281 (Mar. 2023) )
/
( 40333 (Mar. 2026) - 36358 (Mar. 2023) )
=
976.5265
/
3975
=
24.57%***
* 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.
Rasa Industries (TSE:4022) has a 3-Year ROIIC % of 24.57 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 Rasa Industries and its competitors. This is 128% above median its historical median of 10.76. According to the industry distribution chart, Rasa Industries ranks #299 out of 1522 companies in the Chemicals industry, placing it in the top 19.6%.
Is Rasa Industries' 3-Year ROIIC % too high?
Rasa Industries' current 3-Year ROIIC % of 24.57 is 128% above median its 10-year median of 10.76. Based on the distribution chart, Rasa Industries ranks #299 out of 1522 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Rasa Industries has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rasa Industries' 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Rasa Industries ranks #299 out of 1522 companies for 3-Year ROIIC %. This places Rasa Industries in the top 20% of its industry — outperforming the majority of peers. 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 Chemicals company?
A good 3-Year ROIIC % depends on the Chemicals 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 Rasa Industries and its competitors. Rasa Industries's current 3-Year ROIIC % is 24.57, which is 128% above median its own 10-year median of 10.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rasa Industries stock overvalued right now?
Based on GuruFocus' analysis, Rasa Industries (TSE:4022) is currently considered Significantly Overvalued. The stock's GF Value™ is 円610.00, compared to a current price of 円1,885.00 — trading 209% above its estimated fair value. The current 3-Year ROIIC % is 24.57, which is 128% above median its 10-year median of 10.76. Rasa Industries' overall GF Score™ is 70/100 with 1 warning sign 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 Rasa Industries (TSE:4022), the current 3-Year ROIIC % is 24.57 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 Rasa Industries (TSE:4022) Overvalued in 2026?
Based on GuruFocus' analysis, Rasa Industries stock appears to be overvalued.
The current stock price of 円1,885.00 is trading 209% above its estimated GF Value™ of 円610.00.
GuruFocus considers Rasa Industries to be Significantly Overvalued.
Key valuation signals for TSE:4022:
3-Year ROIIC %: 24.57 (128% above median its 10-year median of 10.76)
GF Value™: 円610.00 vs. price of 円1,885.00 (209% above fair value)
No single metric tells the full story. See the TSE:4022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rasa Industries Ltd is engaged in the chemicals, machinery, and electronic materials business. The chemicals division manufactures and sells basic chemicals based on phosphorus-based products. The machinery division provides various machines such as drilling, crushing, and sorting, and the Electronic materials division is engaged in the development of the electronics industry by supplying high-purity inorganic materials that are raw materials for compound semiconductors, as well as resist strippers and coating agents used in semiconductor and liquid crystal panel manufacturing processes.
70GF Score
Get the complete analysis for TSE:4022
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4022 has been successfully added to your 
