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Marufuji Sheet Piling CoTSE:8046 -1.66%64 3-Year ROIIC % is 37.48 as of Mar. 2026, which is 778% above its 10-year median of 4.27. GuruFocus rates TSE:8046 with a GF Score™ of 64/100 and a GF Value™ of 円669.15 (Significantly Overvalued). Among 605 Steel companies, Marufuji Sheet Piling Co ranks better than 84.79% 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.
Marufuji Sheet Piling Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 37.48%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Marufuji Sheet Piling Co's 3-Year ROIIC % or its related term are showing as below:
TSE:8046's 3-Year ROIIC % is ranked better than 84.79% of 605
companies
in the Steel industry
Industry Median: -0.23
vs TSE:8046: 37.48
Marufuji Sheet Piling Co (TSE:8046) 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.
Marufuji Sheet Piling Co 3-Year ROIIC % Related Terms
Marufuji Sheet Piling 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.
TSE:8046 vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Marufuji Sheet Piling 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.
Marufuji Sheet Piling Co 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Marufuji Sheet Piling Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Marufuji Sheet Piling Co's 3-Year ROIIC % falls into.
Marufuji Sheet Piling Co 3-Year ROIIC % Calculation
Marufuji Sheet Piling Co'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**
=
( 1466.1504 (Mar. 2026) - 692.4736 (Mar. 2023) )
/
( 36049 (Mar. 2026) - 33985 (Mar. 2023) )
=
773.6768
/
2064
=
37.48%***
* 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.
Marufuji Sheet Piling Co (TSE:8046) has a 3-Year ROIIC % of 37.48 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 Marufuji Sheet Piling Co and its competitors. This is 778% above median its historical median of 4.27. According to the industry distribution chart, Marufuji Sheet Piling Co ranks #92 out of 605 companies in the Steel industry, placing it in the top 15.2%.
Is Marufuji Sheet Piling Co's 3-Year ROIIC % too high?
Marufuji Sheet Piling Co's current 3-Year ROIIC % of 37.48 is 778% above median its 10-year median of 4.27. Based on the distribution chart, Marufuji Sheet Piling Co ranks #92 out of 605 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Marufuji Sheet Piling 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 Marufuji Sheet Piling Co's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Marufuji Sheet Piling Co ranks #92 out of 605 companies for 3-Year ROIIC %. This places Marufuji Sheet Piling Co in the top 15% 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 Steel company?
A good 3-Year ROIIC % depends on the Steel 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 Marufuji Sheet Piling Co and its competitors. Marufuji Sheet Piling Co's current 3-Year ROIIC % is 37.48, which is 778% above median its own 10-year median of 4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marufuji Sheet Piling Co stock overvalued right now?
Based on GuruFocus' analysis, Marufuji Sheet Piling Co (TSE:8046) is currently considered Significantly Overvalued. The stock's GF Value™ is 円669.15, compared to a current price of 円890.00 — trading 33% above its estimated fair value. The current 3-Year ROIIC % is 37.48, which is 778% above median its 10-year median of 4.27. Marufuji Sheet Piling Co's overall GF Score™ is 64/100. 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 Marufuji Sheet Piling Co (TSE:8046), the current 3-Year ROIIC % is 37.48 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 Marufuji Sheet Piling Co (TSE:8046) Overvalued in 2026?
Based on GuruFocus' analysis, Marufuji Sheet Piling Co stock appears to be overvalued.
The current stock price of 円890.00 is trading 33% above its estimated GF Value™ of 円669.15.
GuruFocus considers Marufuji Sheet Piling Co to be Significantly Overvalued.
Key valuation signals for TSE:8046:
3-Year ROIIC %: 37.48 (778% above median its 10-year median of 4.27)
GF Value™: 円669.15 vs. price of 円890.00 (33% above fair value)
No single metric tells the full story. See the TSE:8046 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marufuji Sheet Piling Co Ltd engages in the manufacture and sale of steel sheet piles, steel plates, and other steel products that include H-shaped steel, architectural steel processed products and reinforced soil wall products. The company offers sheet piles, lightweight steel sheet piles, and corner piles; H shape steel products; steel mountain abstraction products; steel retaining materials; gantry/pier related products; lining plates; and other steel products. It also provides temporary bridges, hat chucks, liner plates, simple holding products, guardrails, PC-ATM products, and two-tone bags, as well as various anchor type reinforced earth products.
64GF Score
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