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Toho Acetylene CoTSE:4093 70 3-Year ROIIC % is 11.39 as of Mar. 2026, which is 43% below its 10-year median of 19.87. GuruFocus rates TSE:4093 with a GF Score™ of 70/100 and a GF Value™ of 円353.30 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,522 Chemicals companies, Toho Acetylene Co ranks better than 69.38% 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.
Toho Acetylene Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 11.39%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Toho Acetylene Co's 3-Year ROIIC % or its related term are showing as below:
TSE:4093's 3-Year ROIIC % is ranked better than 69.38% of 1522
companies
in the Chemicals industry
Industry Median: -0.04
vs TSE:4093: 11.39
Toho Acetylene Co (TSE:4093) 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.
Toho Acetylene Co 3-Year ROIIC % Related Terms
Toho Acetylene Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Toho Acetylene 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.
For the Chemicals subindustry, Toho Acetylene 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.
Toho Acetylene Co 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Toho Acetylene Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Toho Acetylene 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.
Toho Acetylene Co (TSE:4093) has a 3-Year ROIIC % of 11.39 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 Toho Acetylene Co and its competitors. This is 43% below median its historical median of 19.87. According to the industry distribution chart, Toho Acetylene Co ranks #466 out of 1522 companies in the Chemicals industry, placing it in the top 30.6%.
Is Toho Acetylene Co's 3-Year ROIIC % too high?
Toho Acetylene Co's current 3-Year ROIIC % of 11.39 is 43% below median its 10-year median of 19.87. Based on the distribution chart, Toho Acetylene Co ranks #466 out of 1522 companies in the Chemicals industry, which is above the industry midpoint. Overall, Toho Acetylene Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Acetylene Co's 3-Year ROIIC % compare to DOW?
According to the Chemicals industry distribution chart, Toho Acetylene Co ranks #466 out of 1522 companies for 3-Year ROIIC %. This puts Toho Acetylene Co 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 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 Toho Acetylene Co and its competitors. Toho Acetylene Co's current 3-Year ROIIC % is 11.39, which is 43% below median its own 10-year median of 19.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Acetylene Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Acetylene Co (TSE:4093) is currently considered Modestly Overvalued. The stock's GF Value™ is 円353.30, compared to a current price of 円427.00 — trading 20.9% above its estimated fair value. The current 3-Year ROIIC % is 11.39, which is 43% below median its 10-year median of 19.87. Toho Acetylene Co's overall GF Score™ is 70/100 with 3 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 Toho Acetylene Co (TSE:4093), the current 3-Year ROIIC % is 11.39 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 Toho Acetylene Co (TSE:4093) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Acetylene Co stock appears to be overvalued.
The current stock price of 円427.00 is trading 20.9% above its estimated GF Value™ of 円353.30.
GuruFocus considers Toho Acetylene Co to be Modestly Overvalued.
Key valuation signals for TSE:4093:
3-Year ROIIC %: 11.39 (43% below median its 10-year median of 19.87)
GF Value™: 円353.30 vs. price of 円427.00 (20.9% above fair value)
No single metric tells the full story. See the TSE:4093 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Acetylene Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of high-pressure gases. It is organized in three business segments - Gas related business, Equipment related business and Automotive Equipment related business. It offers dissolve acetylene, acid, glutinous, liquefied petroleum gas, solution materials, fusion cutting equipment, containers, and life-related equipment.
70GF Score
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