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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.
Hokuriku Electric Industry Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 68.68%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
TSE:6989's 3-Year ROIIC % is ranked better than 87.61% of 2373
companies
in the Hardware industry
Industry Median: 2.33
vs TSE:6989: 68.68
Hokuriku Electric Industry Co (TSE:6989) 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.
Hokuriku Electric Industry Co 3-Year ROIIC % Related Terms
Hokuriku Electric Industry Co 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.
Hokuriku Electric Industry Co 3-Year ROIIC % Chart
For the Electronic Components subindustry, Hokuriku Electric Industry 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.
Hokuriku Electric Industry Co 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Hokuriku Electric Industry Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hokuriku Electric Industry Co's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 1644.7387 (Mar. 2026) - 1271.8266 (Mar. 2023) )
/
( 27438 (Mar. 2026) - 26895 (Mar. 2023) )
=
372.9121
/
543
=
68.68%***
* 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.
Hokuriku Electric Industry Co (TSE:6989) has a 3-Year ROIIC % of 68.68 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 Hokuriku Electric Industry Co and its competitors. This is 728% above median its historical median of 8.29. According to the industry distribution chart, Hokuriku Electric Industry Co ranks #294 out of 2373 companies in the Hardware industry, placing it in the top 12.4%.
Is Hokuriku Electric Industry Co's 3-Year ROIIC % too high?
Hokuriku Electric Industry Co's current 3-Year ROIIC % of 68.68 is 728% above median its 10-year median of 8.29. The Hardware industry median 3-Year ROIIC % is 2.33. Hokuriku Electric Industry Co's value of 68.68 is 2847.6% above this industry median. Based on the distribution chart, Hokuriku Electric Industry Co ranks #294 out of 2373 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Hokuriku Electric Industry Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokuriku Electric Industry Co's 3-Year ROIIC % compare to APH and GLW?
According to the Hardware industry distribution chart, Hokuriku Electric Industry Co ranks #294 out of 2373 companies for 3-Year ROIIC %. This places Hokuriku Electric Industry Co in the top 12% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.33. Hokuriku Electric Industry Co's value of 68.68 is 2847.6% above this benchmark. While the company's 10-year median is 8.29 vs. the industry median of 2.33, Hokuriku Electric Industry 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.33, based on 2,373 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. Hokuriku Electric Industry Co's current 3-Year ROIIC % of 68.68 is 2847.6% 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 Hokuriku Electric Industry Co and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokuriku Electric Industry Co's current 3-Year ROIIC % is 68.68, which is 728% above median its own 10-year median of 8.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuriku Electric Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Hokuriku Electric Industry Co (TSE:6989) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,561.55, compared to a current price of 円2,495.00 — trading 59.8% above its estimated fair value. The current 3-Year ROIIC % is 68.68, which is 728% above median its 10-year median of 8.29 and 2847.6% above the Hardware industry median of 2.33. Hokuriku Electric Industry Co's overall GF Score™ is 64/100 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 Hokuriku Electric Industry Co (TSE:6989), the current 3-Year ROIIC % is 68.68 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 Hokuriku Electric Industry Co (TSE:6989) Overvalued in 2026?
Based on GuruFocus' analysis, Hokuriku Electric Industry Co stock appears to be overvalued.
The current stock price of 円2,495.00 is trading 59.8% above its estimated GF Value™ of 円1,561.55.
GuruFocus considers Hokuriku Electric Industry Co to be Significantly Overvalued.
Key valuation signals for TSE:6989:
3-Year ROIIC %: 68.68 (728% above median its 10-year median of 8.29)
GF Value™: 円1,561.55 vs. price of 円2,495.00 (59.8% above fair value)
Industry Position: 2847.6% above the Hardware median (#294 of 2373)
No single metric tells the full story. See the TSE:6989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokuriku Electric Industry Co Business Description
Hokuriku Electric Industry Co Ltd operates in development, manufacturing and sales of electronic components such as Resistors, Sensors, Modules Printed Circuit Boards, Piezoelectric Buzzers, Tactile Switches, Thermistors and Varistors.
64GF Score
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