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NiproTSE:8086 +1.06%72 3-Year ROIIC % is 9.05 as of Mar. 2026, which is 129% above its 10-year median of 3.96. GuruFocus rates TSE:8086 with a GF Score™ of 72/100 and a GF Value™ of 円1,465.84 (Fairly Valued). The stock has 6 warning signs investors should review. Among 795 Medical Devices & Instruments companies, Nipro ranks better than 59.75% 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.
Nipro's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 9.05%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nipro's 3-Year ROIIC % or its related term are showing as below:
TSE:8086's 3-Year ROIIC % is ranked better than 59.75% of 795
companies
in the Medical Devices & Instruments industry
Industry Median: 1.47
vs TSE:8086: 9.05
Nipro (TSE:8086) 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.
Nipro 3-Year ROIIC % Related Terms
Nipro 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Nipro'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:8086 vs ISRG, BDX, MDLN: 3-Year ROIIC % Comparison
For the Medical Instruments & Supplies subindustry, Nipro'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.
Nipro 3-Year ROIIC % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Nipro's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nipro's 3-Year ROIIC % falls into.
Nipro'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**
=
( 20099.275 (Mar. 2026) - 6270.7473 (Mar. 2023) )
/
( 986379 (Mar. 2026) - 833530 (Mar. 2023) )
=
13828.5277
/
152849
=
9.05%***
* 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.
Nipro (TSE:8086) has a 3-Year ROIIC % of 9.05 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 Nipro and its competitors. This is 129% above median its historical median of 3.96. According to the industry distribution chart, Nipro ranks #320 out of 795 companies in the Medical Devices & Instruments industry, placing it in the top 40.3%.
Is Nipro's 3-Year ROIIC % too high?
Nipro's current 3-Year ROIIC % of 9.05 is 129% above median its 10-year median of 3.96. The Medical Devices & Instruments industry median 3-Year ROIIC % is 1.47. Nipro's value of 9.05 is 515.6% above this industry median. Based on the distribution chart, Nipro ranks #320 out of 795 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Nipro has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nipro's 3-Year ROIIC % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Nipro ranks #320 out of 795 companies for 3-Year ROIIC %. This puts Nipro in the upper half of its industry. The industry median 3-Year ROIIC % is 1.47. Nipro's value of 9.05 is 515.6% above this benchmark. While the company's 10-year median is 3.96 vs. the industry median of 1.47, Nipro 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 Medical Devices & Instruments company?
The median 3-Year ROIIC % among Medical Devices & Instruments companies is 1.47, based on 795 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. Nipro's current 3-Year ROIIC % of 9.05 is 515.6% 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 Nipro and its competitors. For the Medical Devices & Instruments industry, the median 3-Year ROIIC % is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nipro's current 3-Year ROIIC % is 9.05, which is 129% above median its own 10-year median of 3.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nipro stock overvalued right now?
Based on GuruFocus' analysis, Nipro (TSE:8086) is currently considered Fairly Valued. The stock's GF Value™ is 円1,465.84, compared to a current price of 円1,570.00 — trading 7.1% above its estimated fair value. The current 3-Year ROIIC % is 9.05, which is 129% above median its 10-year median of 3.96 and 515.6% above the Medical Devices & Instruments industry median of 1.47. Nipro's overall GF Score™ is 72/100 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 Nipro (TSE:8086), the current 3-Year ROIIC % is 9.05 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 Nipro (TSE:8086) Overvalued in 2026?
Based on GuruFocus' analysis, Nipro stock appears to be overvalued.
The current stock price of 円1,570.00 is trading 7.1% above its estimated GF Value™ of 円1,465.84.
GuruFocus considers Nipro to be Fairly Valued.
Key valuation signals for TSE:8086:
3-Year ROIIC %: 9.05 (129% above median its 10-year median of 3.96)
GF Value™: 円1,465.84 vs. price of 円1,570.00 (7.1% above fair value)
Industry Position: 515.6% above the Medical Devices & Instruments median (#320 of 795)
No single metric tells the full story. See the TSE:8086 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nipro Corp develops medical devices, most of which are related to dialysis and artificial organs. The firm operates in four segments: medical, pharmaceutical, glass, and other. The medical segment contributes the majority of revenue. It sells products related to injections, infusions, artificial organs, and cell cultures, as well as medical equipment for renal treatment, diabetes, and generic drugs. Renal products contribute the largest proportion of sales within the medical segment. The pharmaceutical segment manufactures pharmaceuticals, including oral drugs and injectables, which are supplied to pharmaceutical companies in Japan. The glass business sells glass products used for medical applications, such as vials and syringes. Nipro generates the majority of its revenue in Japan.
72GF Score
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