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Japan Electronic MaterialsTSE:6855 +0.99%84 3-Year ROIIC % is 29.77 as of Mar. 2026, which is 209% above its 10-year median of 9.62. GuruFocus rates TSE:6855 with a GF Score™ of 84/100 and a GF Value™ of 円3,406.66 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 995 Semiconductors companies, Japan Electronic Materials ranks better than 76.08% 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.
Japan Electronic Materials's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 29.77%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Japan Electronic Materials's 3-Year ROIIC % or its related term are showing as below:
TSE:6855's 3-Year ROIIC % is ranked better than 76.08% of 995
companies
in the Semiconductors industry
Industry Median: -0.2
vs TSE:6855: 29.77
Japan Electronic Materials (TSE:6855) 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.
Japan Electronic Materials 3-Year ROIIC % Related Terms
Japan Electronic Materials 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.
TSE:6855 vs AMAT, LRCX, KLAC: 3-Year ROIIC % Comparison
For the Semiconductor Equipment & Materials subindustry, Japan Electronic Materials'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.
Japan Electronic Materials 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Japan Electronic Materials's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Japan Electronic Materials's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 5429.5724 (Mar. 2026) - 2418.1904 (Mar. 2023) )
/
( 28527 (Mar. 2026) - 18411 (Mar. 2023) )
=
3011.382
/
10116
=
29.77%***
* 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.
Japan Electronic Materials (TSE:6855) has a 3-Year ROIIC % of 29.77 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 Japan Electronic Materials and its competitors. This is 209% above median its historical median of 9.62. According to the industry distribution chart, Japan Electronic Materials ranks #238 out of 995 companies in the Semiconductors industry, placing it in the top 23.9%.
Is Japan Electronic Materials' 3-Year ROIIC % too high?
Japan Electronic Materials' current 3-Year ROIIC % of 29.77 is 209% above median its 10-year median of 9.62. Based on the distribution chart, Japan Electronic Materials ranks #238 out of 995 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Electronic Materials has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Electronic Materials' 3-Year ROIIC % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Japan Electronic Materials ranks #238 out of 995 companies for 3-Year ROIIC %. This places Japan Electronic Materials in the top 24% 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 Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors 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 Japan Electronic Materials and its competitors. Japan Electronic Materials's current 3-Year ROIIC % is 29.77, which is 209% above median its own 10-year median of 9.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Electronic Materials stock overvalued right now?
Based on GuruFocus' analysis, Japan Electronic Materials (TSE:6855) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,406.66, compared to a current price of 円5,090.00 — trading 49.4% above its estimated fair value. The current 3-Year ROIIC % is 29.77, which is 209% above median its 10-year median of 9.62. Japan Electronic Materials' overall GF Score™ is 84/100 with 2 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 Japan Electronic Materials (TSE:6855), the current 3-Year ROIIC % is 29.77 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 Japan Electronic Materials (TSE:6855) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Electronic Materials stock appears to be overvalued.
The current stock price of 円5,090.00 is trading 49.4% above its estimated GF Value™ of 円3,406.66.
GuruFocus considers Japan Electronic Materials to be Significantly Overvalued.
Key valuation signals for TSE:6855:
3-Year ROIIC %: 29.77 (209% above median its 10-year median of 9.62)
GF Value™: 円3,406.66 vs. price of 円5,090.00 (49.4% above fair value)
No single metric tells the full story. See the TSE:6855 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Electronic Materials Corp is engaged in the development, manufacture, and sale of semiconductor testing components and electron tube components in Japan. Its product portfolio comprises heaters and cathodes for receiving tubes and CRTs, filaments for fluorescent display tubes, directly heated cathodes, and probe cards, among others. The group's business segments are Semiconductor inspection parts related business, which derives maximum revenue, and Electron tube parts related business.
84GF Score
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