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CirclaceTSE:5029 65 3-Year ROIIC % is 28.28 as of Mar. 2026, which is 103% above its 10-year median of 13.95. GuruFocus rates TSE:5029 with a GF Score™ of 65/100 and a GF Value™ of 円1,091.93 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,623 Software companies, Circlace ranks better than 73.5% 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.
Circlace's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 28.28%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Circlace's 3-Year ROIIC % or its related term are showing as below:
TSE:5029's 3-Year ROIIC % is ranked better than 73.5% of 2623
companies
in the Software industry
Industry Median: 5.33
vs TSE:5029: 28.28
Circlace (TSE:5029) 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.
Circlace 3-Year ROIIC % Related Terms
Circlace 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Circlace'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:5029 vs QH, SHOP, UBER: 3-Year ROIIC % Comparison
For the Software - Application subindustry, Circlace'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.
Circlace 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, Circlace's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Circlace'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.
Circlace (TSE:5029) has a 3-Year ROIIC % of 28.28 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 Circlace and its competitors. This is 103% above median its historical median of 13.95. According to the industry distribution chart, Circlace ranks #695 out of 2623 companies in the Software industry, placing it in the top 26.5%.
Is Circlace's 3-Year ROIIC % too high?
Circlace's current 3-Year ROIIC % of 28.28 is 103% above median its 10-year median of 13.95. The Software industry median 3-Year ROIIC % is 5.33. Circlace's value of 28.28 is 430.6% above this industry median. Based on the distribution chart, Circlace ranks #695 out of 2623 companies in the Software industry, which is above the industry midpoint. Overall, Circlace has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Circlace's 3-Year ROIIC % compare to QH and SHOP?
According to the Software industry distribution chart, Circlace ranks #695 out of 2623 companies for 3-Year ROIIC %. This puts Circlace in the upper half of its industry. The industry median 3-Year ROIIC % is 5.33. Circlace's value of 28.28 is 430.6% above this benchmark. While the company's 10-year median is 13.95 vs. the industry median of 5.33, Circlace 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 Software company?
The median 3-Year ROIIC % among Software companies is 5.33, based on 2,623 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. Circlace's current 3-Year ROIIC % of 28.28 is 430.6% 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 Circlace and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Circlace's current 3-Year ROIIC % is 28.28, which is 103% above median its own 10-year median of 13.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Circlace stock overvalued right now?
Based on GuruFocus' analysis, Circlace (TSE:5029) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,091.93, compared to a current price of 円785.00 — trading 28.1% below its estimated fair value. The current 3-Year ROIIC % is 28.28, which is 103% above median its 10-year median of 13.95 and 430.6% above the Software industry median of 5.33. Circlace'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 Circlace (TSE:5029), the current 3-Year ROIIC % is 28.28 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 Circlace (TSE:5029) Overvalued in 2026?
Based on GuruFocus' analysis, Circlace stock appears to be undervalued.
The current stock price of 円785.00 is trading 28.1% below its estimated GF Value™ of 円1,091.93.
GuruFocus considers Circlace to be Modestly Undervalued.
Key valuation signals for TSE:5029:
3-Year ROIIC %: 28.28 (103% above median its 10-year median of 13.95)
GF Value™: 円1,091.93 vs. price of 円785.00 (28.1% below fair value)
Industry Position: 430.6% above the Software median (#695 of 2623)
No single metric tells the full story. See the TSE:5029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Circlace Inc is engaged in multiple businesses that promote corporate digital transformation by utilizing IT technologies, such as Salesforce, Anaplan, ServiceNow, AWS, and Microsoft, and the development of its own SaaS cloud service AGAVE. The company's reportable segments are the Consulting business and the AoraNow business. The majority of its revenue is generated from the Consulting business, which provides comprehensive support to client companies in areas such as business design, system construction, data utilization, organizational reform, and human resource development through the introduction and utilization of cloud technologies such as Salesforce, Anaplan, AGAVE, AWS, and Microsoft. The AoraNow business supports the introduction and operation of ServiceNow.
65GF Score
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