SPK (TSE:7466) 3-Year ROIIC % : 5.75% (As of Mar. 2026) — 24% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7466 SPK Corp TSE:7466
85 GF Score
Price 円1,373.00
GF Value 円1,275.56
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is SPK 3-Year ROIIC %?

SPK TSE:7466 85 3-Year ROIIC % is 5.75 as of Mar. 2026, which is 24% below its 10-year median of 7.56. GuruFocus rates TSE:7466 with a GF Score™ of 85/100 and a GF Value™ of 円1,275.56 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,252 Vehicles & Parts companies, SPK ranks better than 52.48% 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. SPK's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 5.75%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for SPK's 3-Year ROIIC % or its related term are showing as below:

TSE:7466's 3-Year ROIIC % is ranked better than
52.48% of 1252 companies
in the Vehicles & Parts industry
Industry Median: 4.235 vs TSE:7466: 5.75

SPK  (TSE:7466) 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.


SPK 3-Year ROIIC % Related Terms


SPK 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for SPK'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.

SPK 3-Year ROIIC % Chart

SPK Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.01 9.28 9.00 7.37 5.75

SPK Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.00 0.00 7.37 0.00 5.75

TSE:7466 vs ORLY, AZO: 3-Year ROIIC % Comparison

For the Auto Parts subindustry, SPK'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.


SPK 3-Year ROIIC % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SPK's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where SPK's 3-Year ROIIC % falls into.


TSE:7466
85GF Score
SPK Corp TSE:7466
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SPK 3-Year ROIIC % Calculation

SPK's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 2490.072 (Mar. 2026) - 1887.5072277 (Mar. 2023) )/( 32216 (Mar. 2026) - 21733.146 (Mar. 2023) )
=602.5647723/10482.854
=5.75%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 5.75 mean?
SPK (TSE:7466) has a 3-Year ROIIC % of 5.75 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 SPK and its competitors. This is 24% below median its historical median of 7.56. Over the past decade, SPK's 3-Year ROIIC % has ranged from 3.01 to 20.98. According to the industry distribution chart, SPK ranks #595 out of 1252 companies in the Vehicles & Parts industry, placing it in the top 47.5%.
Is SPK's 3-Year ROIIC % too high?
SPK's current 3-Year ROIIC % of 5.75 is 24% below median its 10-year median of 7.56. Over the past 10 years, this metric has ranged from a low of 3.01 to a high of 20.98. The Vehicles & Parts industry median 3-Year ROIIC % is 4.24. SPK's value of 5.75 is 35.8% above this industry median. Based on the distribution chart, SPK ranks #595 out of 1252 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, SPK has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SPK's 3-Year ROIIC % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, SPK ranks #595 out of 1252 companies for 3-Year ROIIC %. This puts SPK in the upper half of its industry. The industry median 3-Year ROIIC % is 4.24. SPK's value of 5.75 is 35.8% above this benchmark. Historically, SPK's own 3-Year ROIIC % has ranged from 3.01 to 20.98 over the past decade. While the company's 10-year median is 7.56 vs. the industry median of 4.24, SPK 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 Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.24, based on 1,252 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. SPK's current 3-Year ROIIC % of 5.75 is 35.8% 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 SPK and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPK's current 3-Year ROIIC % is 5.75, which is 24% below median its own 10-year median of 7.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPK stock overvalued right now?
Based on GuruFocus' analysis, SPK (TSE:7466) is currently considered Fairly Valued. The stock's GF Value™ is 円1,275.56, compared to a current price of 円1,373.00 — trading 7.6% above its estimated fair value. The current 3-Year ROIIC % is 5.75, which is 24% below median its 10-year median of 7.56 and 35.8% above the Vehicles & Parts industry median of 4.24. SPK's overall GF Score™ is 85/100 with 4 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 SPK (TSE:7466), the current 3-Year ROIIC % is 5.75 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 SPK (TSE:7466) Overvalued in 2026?

Based on GuruFocus' analysis, SPK stock appears to be overvalued. The current stock price of 円1,373.00 is trading 7.6% above its estimated GF Value™ of 円1,275.56. GuruFocus considers SPK to be Fairly Valued.

Key valuation signals for TSE:7466:

  • 3-Year ROIIC %: 5.75 (24% below median its 10-year median of 7.56)
  • GF Value™: 円1,275.56 vs. price of 円1,373.00 (7.6% above fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 35.8% above the Vehicles & Parts median (#595 of 1252)

No single metric tells the full story. See the TSE:7466 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SPK Business Description

Address 5-4 Fukushima 5-chome, Fukushima-ku, Osaka, JPN, 553-003
SPK Corp operates in the automotive industry. It manufactures and distributes automotive parts. The company's product profile includes engine, brake, bearing, cooling, electric, ignition, oil chemical, powertrain, motorsport, and others.
85GF Score

Get the complete analysis for TSE:7466

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,373.00
Price
円1,275.56
GF Value