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Tosho CoTSE:8920 85 3-Year ROIIC % is -30.95 as of Mar. 2026. GuruFocus rates TSE:8920 with a GF Score™ of 85/100 and a GF Value™ of 円649.57 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 531 Conglomerates companies, Tosho Co ranks worse than 86.63% 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.
Tosho Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -30.95%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Tosho Co's 3-Year ROIIC % or its related term are showing as below:
TSE:8920's 3-Year ROIIC % is ranked worse than 86.63% of 531
companies
in the Conglomerates industry
Industry Median: 1.62
vs TSE:8920: -30.95
Tosho Co (TSE:8920) 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.
Tosho Co 3-Year ROIIC % Related Terms
Tosho Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Tosho 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.
For the Conglomerates subindustry, Tosho 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.
Tosho Co 3-Year ROIIC % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Tosho Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tosho Co's 3-Year ROIIC % falls into.
* 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.
Tosho Co (TSE:8920) has a 3-Year ROIIC % of -30.95 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 Tosho Co and its competitors. According to the industry distribution chart, Tosho Co ranks #460 out of 531 companies in the Conglomerates industry, placing it in the top 86.6%.
Is Tosho Co's 3-Year ROIIC % too high?
Tosho Co's current 3-Year ROIIC % is -30.95. Based on the distribution chart, Tosho Co ranks #460 out of 531 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Tosho Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tosho Co's 3-Year ROIIC % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Tosho Co ranks #460 out of 531 companies for 3-Year ROIIC %. This places Tosho Co in the lower half of its industry. The industry median 3-Year ROIIC % is 1.62. 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 Conglomerates company?
The median 3-Year ROIIC % among Conglomerates companies is 1.62, based on 531 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 Tosho Co and its competitors. For the Conglomerates industry, the median 3-Year ROIIC % is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosho Co's current 3-Year ROIIC % is -30.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosho Co stock overvalued right now?
Based on GuruFocus' analysis, Tosho Co (TSE:8920) is currently considered Modestly Overvalued. The stock's GF Value™ is 円649.57, compared to a current price of 円772.00 — trading 18.8% above its estimated fair value. The current 3-Year ROIIC % is -30.95. Tosho Co's overall GF Score™ is 85/100 with 2 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 Tosho Co (TSE:8920), the current 3-Year ROIIC % is -30.95 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 Tosho Co (TSE:8920) Overvalued in 2026?
Based on GuruFocus' analysis, Tosho Co stock appears to be overvalued.
The current stock price of 円772.00 is trading 18.8% above its estimated GF Value™ of 円649.57.
GuruFocus considers Tosho Co to be Modestly Overvalued.
Key valuation signals for TSE:8920:
3-Year ROIIC %: -30.95
GF Value™: 円649.57 vs. price of 円772.00 (18.8% above fair value)
No single metric tells the full story. See the TSE:8920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tosho Co Ltd is mainly engaged in the operation of sports clubs in Japan. It mainly operates membership sports clubs under the name Holiday Sports Club and golf practice ranges under the name Holiday Golf Garden. The company's business segment includes Sports club business; Hotel business and Real estate business. It generates maximum revenue from the Sports club business segment.
85GF Score
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