Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Hankyu Hanshin REIT's 3-Year ROIIC % for the quarter that ended in Nov. 2025 was 6.86%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Hankyu Hanshin REIT's 3-Year ROIIC % or its related term are showing as below:
TSE:8977's 3-Year ROIIC % is ranked better than 69.61% of 691
companies
in the REITs industry
Industry Median: 3.63
vs TSE:8977: 6.86
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.
Hankyu Hanshin REIT 3-Year ROIIC % Related Terms
Hankyu Hanshin REIT 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Hankyu Hanshin REIT'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 REIT - Diversified subindustry, Hankyu Hanshin REIT'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.
Hankyu Hanshin REIT 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Hankyu Hanshin REIT's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hankyu Hanshin REIT'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.
Hankyu Hanshin REIT (TSE:8977) has a 3-Year ROIIC % of 6.86 as of Nov. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Hankyu Hanshin REIT and its competitors. This is 76% above median its historical median of 3.89. According to the industry distribution chart, Hankyu Hanshin REIT ranks #210 out of 691 companies in the REITs industry, placing it in the top 30.4%.
Is Hankyu Hanshin REIT's 3-Year ROIIC % too high?
Hankyu Hanshin REIT's current 3-Year ROIIC % of 6.86 is 76% above median its 10-year median of 3.89. The REITs industry median 3-Year ROIIC % is 3.63. Hankyu Hanshin REIT's value of 6.86 is 89% above this industry median. Based on the distribution chart, Hankyu Hanshin REIT ranks #210 out of 691 companies in the REITs industry, which is above the industry midpoint. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's 3-Year ROIIC % compare to VICI and WPC?
According to the REITs industry distribution chart, Hankyu Hanshin REIT ranks #210 out of 691 companies for 3-Year ROIIC %. This puts Hankyu Hanshin REIT in the upper half of its industry. The industry median 3-Year ROIIC % is 3.63. Hankyu Hanshin REIT's value of 6.86 is 89% above this benchmark. While the company's 10-year median is 3.89 vs. the industry median of 3.63, Hankyu Hanshin REIT 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 REITs company?
The median 3-Year ROIIC % among REITs companies is 3.63, based on 691 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. Hankyu Hanshin REIT's current 3-Year ROIIC % of 6.86 is 89% 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 Hankyu Hanshin REIT and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hankyu Hanshin REIT's current 3-Year ROIIC % is 6.86, which is 76% above median its own 10-year median of 3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円154,182.01, compared to a current price of 円138,300.00 — trading 10.3% below its estimated fair value. The current 3-Year ROIIC % is 6.86, which is 76% above median its 10-year median of 3.89 and 89% above the REITs industry median of 3.63. Hankyu Hanshin REIT's overall GF Score™ is 58/100 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 Hankyu Hanshin REIT (TSE:8977), the current 3-Year ROIIC % is 6.86 as of Nov. 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?
Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued.
The current stock price of 円138,300.00 is trading 10.3% below its estimated GF Value™ of 円154,182.01.
GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.
Key valuation signals for TSE:8977:
3-Year ROIIC %: 6.86 (76% above median its 10-year median of 3.89)
GF Value™: 円154,182.01 vs. price of 円138,300.00 (10.3% below fair value)
Industry Position: 89% above the REITs median (#210 of 691)
No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
58GF Score
Get the complete analysis for TSE:8977
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8977 has been successfully added to your 
