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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.
TOC Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -21.24%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for TOC Co's 3-Year ROIIC % or its related term are showing as below:
TSE:8841's 3-Year ROIIC % is ranked worse than 86.95% of 1663
companies
in the Real Estate industry
Industry Median: 2.39
vs TSE:8841: -21.24
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.
TOC Co 3-Year ROIIC % Related Terms
TOC Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for TOC 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:8841 vs CBRE, BEKE, JLL: 3-Year ROIIC % Comparison
For the Real Estate Services subindustry, TOC 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.
TOC Co 3-Year ROIIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, TOC Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TOC Co's 3-Year ROIIC % falls into.
TOC 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**
=
( 1688.932 (Mar. 2026) - 2895.1595 (Mar. 2023) )
/
( 92376 (Mar. 2026) - 86697 (Mar. 2023) )
=
-1206.2275
/
5679
=
-21.24%***
* 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.
TOC Co (TSE:8841) has a 3-Year ROIIC % of -21.24 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 TOC Co and its competitors. According to the industry distribution chart, TOC Co ranks #1446 out of 1663 companies in the Real Estate industry, placing it in the top 87%.
Is TOC Co's 3-Year ROIIC % too high?
TOC Co's current 3-Year ROIIC % is -21.24. Based on the distribution chart, TOC Co ranks #1446 out of 1663 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, TOC Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TOC Co's 3-Year ROIIC % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, TOC Co ranks #1446 out of 1663 companies for 3-Year ROIIC %. This places TOC Co in the lower half of its industry. The industry median 3-Year ROIIC % is 2.39. 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 Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.39, based on 1,663 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. 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 TOC Co and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOC Co's current 3-Year ROIIC % is -21.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOC Co stock overvalued right now?
Based on GuruFocus' analysis, TOC Co (TSE:8841) is currently considered Fairly Valued. The stock's GF Value™ is 円839.82, compared to a current price of 円911.00 — trading 8.5% above its estimated fair value. The current 3-Year ROIIC % is -21.24. TOC Co's overall GF Score™ is 81/100 with 4 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 TOC Co (TSE:8841), the current 3-Year ROIIC % is -21.24 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 TOC Co (TSE:8841) Overvalued in 2026?
Based on GuruFocus' analysis, TOC Co stock appears to be overvalued.
The current stock price of 円911.00 is trading 8.5% above its estimated GF Value™ of 円839.82.
GuruFocus considers TOC Co to be Fairly Valued.
Key valuation signals for TSE:8841:
3-Year ROIIC %: -21.24
GF Value™: 円839.82 vs. price of 円911.00 (8.5% above fair value)
No single metric tells the full story. See the TSE:8841 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOC Co Ltd is a Japan-based company with three business segments: real estate, linen supply and laundry, and other. The real estate segment is engaged in planning, execution, and management of urban development projects. The linen supply and laundry segment is engaged in supplying various linens used in hotels and restaurants, and offering dry cleaning services. The other segment contains a pharmaceuticals business, operates a sports club and a bathing facility, includes retail and restaurant businesses, and engages in building maintenance services. The company generates most of its revenue from the real estate segment.
81GF Score
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