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Aoyama Zaisan Networks CoTSE:8929 -1.65%87 3-Year ROIIC % is 152.23 as of Dec. 2025, which is 549% above its 10-year median of 23.44. GuruFocus rates TSE:8929 with a GF Score™ of 87/100 and a GF Value™ of 円1,427.71 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,661 Real Estate companies, Aoyama Zaisan Networks Co ranks better than 97.59% 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.
Aoyama Zaisan Networks Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 152.23%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Aoyama Zaisan Networks Co's 3-Year ROIIC % or its related term are showing as below:
TSE:8929's 3-Year ROIIC % is ranked better than 97.59% of 1661
companies
in the Real Estate industry
Industry Median: 2.41
vs TSE:8929: 152.23
Aoyama Zaisan Networks Co (TSE:8929) 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.
Aoyama Zaisan Networks Co 3-Year ROIIC % Related Terms
Aoyama Zaisan Networks Co 3-Year ROIIC % Historical Data
* 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:8929 vs CBRE, BEKE, JLL: 3-Year ROIIC % Comparison
For the Real Estate Services subindustry, Aoyama Zaisan Networks 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.
Aoyama Zaisan Networks Co 3-Year ROIIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Aoyama Zaisan Networks Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Aoyama Zaisan Networks Co's 3-Year ROIIC % falls into.
Aoyama Zaisan Networks Co 3-Year ROIIC % Calculation
Aoyama Zaisan Networks 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**
=
( 2841.7676 (Dec. 2025) - 1799.0247 (Dec. 2022) )
/
( 10062 (Dec. 2025) - 9377 (Dec. 2022) )
=
1042.7429
/
685
=
152.23%***
* 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.
Aoyama Zaisan Networks Co (TSE:8929) has a 3-Year ROIIC % of 152.23 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 Aoyama Zaisan Networks Co and its competitors. This is 549% above median its historical median of 23.44. Over the past decade, Aoyama Zaisan Networks Co's 3-Year ROIIC % has ranged from 0.91 to 152.23. According to the industry distribution chart, Aoyama Zaisan Networks Co ranks #40 out of 1661 companies in the Real Estate industry, placing it in the top 2.4%.
Is Aoyama Zaisan Networks Co's 3-Year ROIIC % too high?
Aoyama Zaisan Networks Co's current 3-Year ROIIC % of 152.23 is 549% above median its 10-year median of 23.44. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 152.23. The Real Estate industry median 3-Year ROIIC % is 2.41. Aoyama Zaisan Networks Co's value of 152.23 is 6216.6% above this industry median. Based on the distribution chart, Aoyama Zaisan Networks Co ranks #40 out of 1661 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Aoyama Zaisan Networks Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aoyama Zaisan Networks Co's 3-Year ROIIC % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Aoyama Zaisan Networks Co ranks #40 out of 1661 companies for 3-Year ROIIC %. This places Aoyama Zaisan Networks Co in the top 2% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.41. Aoyama Zaisan Networks Co's value of 152.23 is 6216.6% above this benchmark. Historically, Aoyama Zaisan Networks Co's own 3-Year ROIIC % has ranged from 0.91 to 152.23 over the past decade. While the company's 10-year median is 23.44 vs. the industry median of 2.41, Aoyama Zaisan Networks Co 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 Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.41, based on 1,661 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. Aoyama Zaisan Networks Co's current 3-Year ROIIC % of 152.23 is 6216.6% 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 Aoyama Zaisan Networks Co and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aoyama Zaisan Networks Co's current 3-Year ROIIC % is 152.23, which is 549% above median its own 10-year median of 23.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aoyama Zaisan Networks Co stock overvalued right now?
Based on GuruFocus' analysis, Aoyama Zaisan Networks Co (TSE:8929) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,427.71, compared to a current price of 円1,254.00 — trading 12.2% below its estimated fair value. The current 3-Year ROIIC % is 152.23, which is 549% above median its 10-year median of 23.44 and 6216.6% above the Real Estate industry median of 2.41. Aoyama Zaisan Networks Co's overall GF Score™ is 87/100 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 Aoyama Zaisan Networks Co (TSE:8929), the current 3-Year ROIIC % is 152.23 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 Aoyama Zaisan Networks Co (TSE:8929) Overvalued in 2026?
Based on GuruFocus' analysis, Aoyama Zaisan Networks Co stock appears to be undervalued.
The current stock price of 円1,254.00 is trading 12.2% below its estimated GF Value™ of 円1,427.71.
GuruFocus considers Aoyama Zaisan Networks Co to be Modestly Undervalued.
Key valuation signals for TSE:8929:
3-Year ROIIC %: 152.23 (549% above median its 10-year median of 23.44)
GF Value™: 円1,427.71 vs. price of 円1,254.00 (12.2% below fair value)
Industry Position: 6216.6% above the Real Estate median (#40 of 1661)
No single metric tells the full story. See the TSE:8929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aoyama Zaisan Networks Co Ltd is engaged in the provision of consulting services of asset transferring, maintenance and operation, among others. It is also engaged in corporate finance consulting and real estate solutions consulting in Japan.
87GF Score
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