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Nicca Chemical CoTSE:4463 -0.40%65 3-Year ROIIC % is 6.10 as of Dec. 2025, which is 481% above its 10-year median of 1.05. GuruFocus rates TSE:4463 with a GF Score™ of 65/100 and a GF Value™ of 円1,223.36 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,522 Chemicals companies, Nicca Chemical Co ranks better than 61.76% 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.
Nicca Chemical Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 6.10%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nicca Chemical Co's 3-Year ROIIC % or its related term are showing as below:
TSE:4463's 3-Year ROIIC % is ranked better than 61.76% of 1522
companies
in the Chemicals industry
Industry Median: 0.02
vs TSE:4463: 6.10
Nicca Chemical Co (TSE:4463) 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.
Nicca Chemical Co 3-Year ROIIC % Related Terms
Nicca Chemical Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Nicca Chemical 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, Nicca Chemical 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.
Nicca Chemical Co 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nicca Chemical Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nicca Chemical Co's 3-Year ROIIC % falls into.
Nicca Chemical Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 2593.6474 (Dec. 2025) - 1818.576 (Dec. 2022) )
/
( 53390 (Dec. 2025) - 40678 (Dec. 2022) )
=
775.0714
/
12712
=
6.10%***
* 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.
Nicca Chemical Co (TSE:4463) has a 3-Year ROIIC % of 6.10 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Nicca Chemical Co and its competitors. This is 481% above median its historical median of 1.05. According to the industry distribution chart, Nicca Chemical Co ranks #582 out of 1522 companies in the Chemicals industry, placing it in the top 38.2%.
Is Nicca Chemical Co's 3-Year ROIIC % too high?
Nicca Chemical Co's current 3-Year ROIIC % of 6.10 is 481% above median its 10-year median of 1.05. The Chemicals industry median 3-Year ROIIC % is 0.02. Nicca Chemical Co's value of 6.10 is 30400% above this industry median. Based on the distribution chart, Nicca Chemical Co ranks #582 out of 1522 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nicca Chemical Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nicca Chemical Co's 3-Year ROIIC % compare to DOW?
According to the Chemicals industry distribution chart, Nicca Chemical Co ranks #582 out of 1522 companies for 3-Year ROIIC %. This puts Nicca Chemical Co in the upper half of its industry. The industry median 3-Year ROIIC % is 0.02. Nicca Chemical Co's value of 6.10 is 30400% above this benchmark. While the company's 10-year median is 1.05 vs. the industry median of 0.02, Nicca Chemical 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 a Chemicals company?
The median 3-Year ROIIC % among Chemicals companies is 0.02, based on 1,522 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. Nicca Chemical Co's current 3-Year ROIIC % of 6.10 is 30400% 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 Nicca Chemical Co and its competitors. For the Chemicals industry, the median 3-Year ROIIC % is 0.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nicca Chemical Co's current 3-Year ROIIC % is 6.10, which is 481% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nicca Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nicca Chemical Co (TSE:4463) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,223.36, compared to a current price of 円1,743.00 — trading 42.5% above its estimated fair value. The current 3-Year ROIIC % is 6.10, which is 481% above median its 10-year median of 1.05 and 30400% above the Chemicals industry median of 0.02. Nicca Chemical Co's overall GF Score™ is 65/100 with 6 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 Nicca Chemical Co (TSE:4463), the current 3-Year ROIIC % is 6.10 as of Dec. 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 Nicca Chemical Co (TSE:4463) Overvalued in 2026?
Based on GuruFocus' analysis, Nicca Chemical Co stock appears to be overvalued.
The current stock price of 円1,743.00 is trading 42.5% above its estimated GF Value™ of 円1,223.36.
GuruFocus considers Nicca Chemical Co to be Significantly Overvalued.
Key valuation signals for TSE:4463:
3-Year ROIIC %: 6.10 (481% above median its 10-year median of 1.05)
GF Value™: 円1,223.36 vs. price of 円1,743.00 (42.5% above fair value)
Industry Position: 30400% above the Chemicals median (#582 of 1522)
No single metric tells the full story. See the TSE:4463 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nicca Chemical Co Ltd is engaged in the chemical business. It manufactures and sells surfactants for the textile chemicals, metals, pulp and paper, paints, dyes, and synthetic resins, cosmetics, and pharmaceutical products. It also offers a range of surfactants for dry cleaning and professional cleaning agents. The company's segment includes Chemicals and Cosmetics. The company generates the majority of its revenue from Chemicals.
65GF Score
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