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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.
Laox Holdings Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.54%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Laox Holdings Co's 3-Year ROIIC % or its related term are showing as below:
TSE:8202's 3-Year ROIIC % is ranked worse than 57.08% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 4.385
vs TSE:8202: 0.54
Laox Holdings Co (TSE:8202) 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.
Laox Holdings Co 3-Year ROIIC % Related Terms
Laox Holdings Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Laox Holdings Co'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:8202 vs CASY, WSM, ULTA: 3-Year ROIIC % Comparison
For the Specialty Retail subindustry, Laox Holdings 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.
Laox Holdings Co 3-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Laox Holdings Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Laox Holdings Co's 3-Year ROIIC % falls into.
Laox Holdings Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 69 (Dec. 2025) - 45.27 (Dec. 2022) )
/
( 24713 (Dec. 2025) - 20344 (Dec. 2022) )
=
23.73
/
4369
=
0.54%***
* 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.
Laox Holdings Co (TSE:8202) has a 3-Year ROIIC % of 0.54 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Laox Holdings Co and its competitors. According to the industry distribution chart, Laox Holdings Co ranks #605 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 57.1%.
Is Laox Holdings Co's 3-Year ROIIC % too high?
Laox Holdings Co's current 3-Year ROIIC % is 0.54. The Retail - Cyclical industry median 3-Year ROIIC % is 4.39. Laox Holdings Co's value of 0.54 is 87.7% below this industry median. Based on the distribution chart, Laox Holdings Co ranks #605 out of 1060 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Laox Holdings Co has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Laox Holdings Co's 3-Year ROIIC % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Laox Holdings Co ranks #605 out of 1060 companies for 3-Year ROIIC %. This places Laox Holdings Co in the lower half of its industry. The industry median 3-Year ROIIC % is 4.39. Laox Holdings Co's value of 0.54 is 87.7% below this benchmark. 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 Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.39, based on 1,060 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. Laox Holdings Co's current 3-Year ROIIC % of 0.54 is 87.7% below 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 Laox Holdings Co and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Laox Holdings Co's current 3-Year ROIIC % is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laox Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Laox Holdings Co (TSE:8202) is currently considered Possible Value Trap. The stock's GF Value™ is 円213.05, compared to a current price of 円146.00 — trading 31.5% below its estimated fair value. The current 3-Year ROIIC % is 0.54 and 87.7% below the Retail - Cyclical industry median of 4.39. Laox Holdings Co's overall GF Score™ is 49/100 with 8 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 Laox Holdings Co (TSE:8202), the current 3-Year ROIIC % is 0.54 as of Dec. 2025. 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 Laox Holdings Co (TSE:8202) Overvalued in 2026?
Based on GuruFocus' analysis, Laox Holdings Co stock appears to be undervalued.
The current stock price of 円146.00 is trading 31.5% below its estimated GF Value™ of 円213.05.
GuruFocus considers Laox Holdings Co to be Possible Value Trap.
Key valuation signals for TSE:8202:
3-Year ROIIC %: 0.54
GF Value™: 円213.05 vs. price of 円146.00 (31.5% below fair value)
Industry Position: 87.7% below the Retail - Cyclical median (#605 of 1060)
No single metric tells the full story. See the TSE:8202 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Laox Holdings Co Ltd is a Japan-based Duty-Free store company. It is engaged in the Gift Solutions, Retail, Trading, and Asset Services. The Retail business includes various products which it sells in real stores and through online sales, Gift Solutions business consists Sales of gift items and lifestyle-related products, and others. The Trading business through the import and export of private label products, etc., and Asset Services Business involves the operation and management of mixed-use commercial facilities, real estate sales and brokerage, and rental property management.
49GF Score
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