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GoldwinTSE:8111 +2.28%84 3-Year ROIIC % is 10.25 as of Mar. 2026, which is 69% below its 10-year median of 32.99. GuruFocus rates TSE:8111 with a GF Score™ of 84/100 and a GF Value™ of 円2,945.07 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,014 Manufacturing - Apparel & Accessories companies, Goldwin ranks better than 65.78% 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.
Goldwin's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 10.25%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Goldwin's 3-Year ROIIC % or its related term are showing as below:
TSE:8111's 3-Year ROIIC % is ranked better than 65.78% of 1014
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.535
vs TSE:8111: 10.25
Goldwin (TSE:8111) 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.
Goldwin 3-Year ROIIC % Related Terms
Goldwin 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Goldwin'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:8111 vs RL, LEVI, VFC: 3-Year ROIIC % Comparison
For the Apparel Manufacturing subindustry, Goldwin'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.
Goldwin 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Goldwin's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Goldwin's 3-Year ROIIC % falls into.
Goldwin'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**
=
( 19438.2103 (Mar. 2026) - 16516.37 (Mar. 2023) )
/
( 99177 (Mar. 2026) - 70676 (Mar. 2023) )
=
2921.8403
/
28501
=
10.25%***
* 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.
Goldwin (TSE:8111) has a 3-Year ROIIC % of 10.25 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 Goldwin and its competitors. This is 69% below median its historical median of 32.99. Over the past decade, Goldwin's 3-Year ROIIC % has ranged from 7.05 to 71.50. According to the industry distribution chart, Goldwin ranks #347 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 34.2%.
Is Goldwin's 3-Year ROIIC % too high?
Goldwin's current 3-Year ROIIC % of 10.25 is 69% below median its 10-year median of 32.99. Over the past 10 years, this metric has ranged from a low of 7.05 to a high of 71.50. The Manufacturing - Apparel & Accessories industry median 3-Year ROIIC % is 1.54. Goldwin's value of 10.25 is 567.8% above this industry median. Based on the distribution chart, Goldwin ranks #347 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Goldwin has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Goldwin's 3-Year ROIIC % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Goldwin ranks #347 out of 1014 companies for 3-Year ROIIC %. This puts Goldwin in the upper half of its industry. The industry median 3-Year ROIIC % is 1.54. Goldwin's value of 10.25 is 567.8% above this benchmark. Historically, Goldwin's own 3-Year ROIIC % has ranged from 7.05 to 71.50 over the past decade. While the company's 10-year median is 32.99 vs. the industry median of 1.54, Goldwin 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 Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.54, based on 1,014 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. Goldwin's current 3-Year ROIIC % of 10.25 is 567.8% 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 Goldwin and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldwin's current 3-Year ROIIC % is 10.25, which is 69% below median its own 10-year median of 32.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldwin stock overvalued right now?
Based on GuruFocus' analysis, Goldwin (TSE:8111) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,945.07, compared to a current price of 円2,426.00 — trading 17.6% below its estimated fair value. The current 3-Year ROIIC % is 10.25, which is 69% below median its 10-year median of 32.99 and 567.8% above the Manufacturing - Apparel & Accessories industry median of 1.54. Goldwin's overall GF Score™ is 84/100 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 Goldwin (TSE:8111), the current 3-Year ROIIC % is 10.25 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 Goldwin (TSE:8111) Overvalued in 2026?
Based on GuruFocus' analysis, Goldwin stock appears to be undervalued.
The current stock price of 円2,426.00 is trading 17.6% below its estimated GF Value™ of 円2,945.07.
GuruFocus considers Goldwin to be Modestly Undervalued.
Key valuation signals for TSE:8111:
3-Year ROIIC %: 10.25 (69% below median its 10-year median of 32.99)
GF Value™: 円2,945.07 vs. price of 円2,426.00 (17.6% below fair value)
Industry Position: 567.8% above the Manufacturing - Apparel & Accessories median (#347 of 1014)
No single metric tells the full story. See the TSE:8111 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goldwin Inc is involved in the business of manufacturing and selling sports products in Japan. It sells brands such as Goldwin, C3fit, Mxp, Speedo, Ellesse, Danskin, Canterbury, Black and white sport, the North Face, Helly Hansen, Macpac, Alite, Icebreaker, and Fischer.
84GF Score
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