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MeiwaTSE:8103 +1.99%78 3-Year ROIIC % is 30.81 as of Mar. 2026, which is 888% above its 10-year median of 3.12. GuruFocus rates TSE:8103 with a GF Score™ of 78/100 and a GF Value™ of 円756.38 (Modestly Overvalued). Among 150 Industrial Distribution companies, Meiwa ranks better than 82% 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.
Meiwa's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 30.81%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Meiwa's 3-Year ROIIC % or its related term are showing as below:
TSE:8103's 3-Year ROIIC % is ranked better than 82% of 150
companies
in the Industrial Distribution industry
Industry Median: 3.35
vs TSE:8103: 30.81
Meiwa (TSE:8103) 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.
Meiwa 3-Year ROIIC % Related Terms
Meiwa 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Meiwa'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:8103 vs GWW, FAST, FERG: 3-Year ROIIC % Comparison
For the Industrial Distribution subindustry, Meiwa'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.
Meiwa 3-Year ROIIC % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Meiwa's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Meiwa's 3-Year ROIIC % falls into.
Meiwa'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**
=
( 2828.354 (Mar. 2026) - 2046.9944 (Mar. 2023) )
/
( 47674 (Mar. 2026) - 45138 (Mar. 2023) )
=
781.3596
/
2536
=
30.81%***
* 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.
Meiwa (TSE:8103) has a 3-Year ROIIC % of 30.81 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 Meiwa and its competitors. This is 888% above median its historical median of 3.12. According to the industry distribution chart, Meiwa ranks #27 out of 150 companies in the Industrial Distribution industry, placing it in the top 18%.
Is Meiwa's 3-Year ROIIC % too high?
Meiwa's current 3-Year ROIIC % of 30.81 is 888% above median its 10-year median of 3.12. The Industrial Distribution industry median 3-Year ROIIC % is 3.35. Meiwa's value of 30.81 is 819.7% above this industry median. Based on the distribution chart, Meiwa ranks #27 out of 150 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Meiwa has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiwa's 3-Year ROIIC % compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Meiwa ranks #27 out of 150 companies for 3-Year ROIIC %. This places Meiwa in the top 18% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.35. Meiwa's value of 30.81 is 819.7% above this benchmark. While the company's 10-year median is 3.12 vs. the industry median of 3.35, Meiwa 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 an Industrial Distribution company?
The median 3-Year ROIIC % among Industrial Distribution companies is 3.35, based on 150 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. Meiwa's current 3-Year ROIIC % of 30.81 is 819.7% 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 Meiwa and its competitors. For the Industrial Distribution industry, the median 3-Year ROIIC % is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiwa's current 3-Year ROIIC % is 30.81, which is 888% above median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiwa stock overvalued right now?
Based on GuruFocus' analysis, Meiwa (TSE:8103) is currently considered Modestly Overvalued. The stock's GF Value™ is 円756.38, compared to a current price of 円922.00 — trading 21.9% above its estimated fair value. The current 3-Year ROIIC % is 30.81, which is 888% above median its 10-year median of 3.12 and 819.7% above the Industrial Distribution industry median of 3.35. Meiwa's overall GF Score™ is 78/100. 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 Meiwa (TSE:8103), the current 3-Year ROIIC % is 30.81 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 Meiwa (TSE:8103) Overvalued in 2026?
Based on GuruFocus' analysis, Meiwa stock appears to be overvalued.
The current stock price of 円922.00 is trading 21.9% above its estimated GF Value™ of 円756.38.
GuruFocus considers Meiwa to be Modestly Overvalued.
Key valuation signals for TSE:8103:
3-Year ROIIC %: 30.81 (888% above median its 10-year median of 3.12)
GF Value™: 円756.38 vs. price of 円922.00 (21.9% above fair value)
Industry Position: 819.7% above the Industrial Distribution median (#27 of 150)
No single metric tells the full story. See the TSE:8103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiwa Corp is a Japan-based company. Along with its subsidiaries, the company operates in the following reportable segments: First Business, Second Business, Third Business, Battery and Automotive Business Division, and Others. Maximum revenue for the group is generated from the Third Business segment, which offers film products, papermaking chemicals, adhesives, synthetic resin raw materials, synthetic resin products, and inorganic chemicals. The First Business is engaged in trading earths and rare metals, flame retardants, heat insulation, waterproofing, and interior materials. Second Business represents its petroleum products business, covering lubricants to base oil, and additives, and the Battery and Automotive division invests in battery materials and offers automotive parts.
78GF Score
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