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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.
Starts Proceed Investment's 3-Year ROIIC % for the quarter that ended in Oct. 2025 was 4.46%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Starts Proceed Investment's 3-Year ROIIC % or its related term are showing as below:
TSE:8979's 3-Year ROIIC % is ranked better than 55.86% of 691
companies
in the REITs industry
Industry Median: 3.63
vs TSE:8979: 4.46
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.
Starts Proceed Investment 3-Year ROIIC % Related Terms
Starts Proceed Investment 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:8979 vs AVB, EQR, ESS: 3-Year ROIIC % Comparison
For the REIT - Residential subindustry, Starts Proceed Investment'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.
Starts Proceed Investment 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Starts Proceed Investment's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Starts Proceed Investment'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.
Starts Proceed Investment (TSE:8979) has a 3-Year ROIIC % of 4.46 as of Oct. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Starts Proceed Investment and its competitors. This is near median its historical median of 4.27. According to the industry distribution chart, Starts Proceed Investment ranks #305 out of 691 companies in the REITs industry, placing it in the top 44.1%.
Is Starts Proceed Investment's 3-Year ROIIC % too high?
Starts Proceed Investment's current 3-Year ROIIC % of 4.46 is near median its 10-year median of 4.27. The REITs industry median 3-Year ROIIC % is 3.63. Starts Proceed Investment's value of 4.46 is 22.9% above this industry median. Based on the distribution chart, Starts Proceed Investment ranks #305 out of 691 companies in the REITs industry, which is above the industry midpoint. Overall, Starts Proceed Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starts Proceed Investment's 3-Year ROIIC % compare to AVB and EQR?
According to the REITs industry distribution chart, Starts Proceed Investment ranks #305 out of 691 companies for 3-Year ROIIC %. This puts Starts Proceed Investment in the upper half of its industry. The industry median 3-Year ROIIC % is 3.63. Starts Proceed Investment's value of 4.46 is 22.9% above this benchmark. While the company's 10-year median is 4.27 vs. the industry median of 3.63, Starts Proceed Investment 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. Starts Proceed Investment's current 3-Year ROIIC % of 4.46 is 22.9% 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 Starts Proceed Investment 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. Starts Proceed Investment's current 3-Year ROIIC % is 4.46, which is near median its own 10-year median of 4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starts Proceed Investment stock overvalued right now?
Based on GuruFocus' analysis, Starts Proceed Investment (TSE:8979) is currently considered Modestly Undervalued. The stock's GF Value™ is 円212,021.42, compared to a current price of 円187,200.00 — trading 11.7% below its estimated fair value. The current 3-Year ROIIC % is 4.46, which is near median its 10-year median of 4.27 and 22.9% above the REITs industry median of 3.63. Starts Proceed Investment's overall GF Score™ is 64/100 with 7 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 Starts Proceed Investment (TSE:8979), the current 3-Year ROIIC % is 4.46 as of Oct. 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 Starts Proceed Investment (TSE:8979) Overvalued in 2026?
Based on GuruFocus' analysis, Starts Proceed Investment stock appears to be undervalued.
The current stock price of 円187,200.00 is trading 11.7% below its estimated GF Value™ of 円212,021.42.
GuruFocus considers Starts Proceed Investment to be Modestly Undervalued.
Key valuation signals for TSE:8979:
3-Year ROIIC %: 4.46 (near median its 10-year median of 4.27)
GF Value™: 円212,021.42 vs. price of 円187,200.00 (11.7% below fair value)
Industry Position: 22.9% above the REITs median (#305 of 691)
No single metric tells the full story. See the TSE:8979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.
64GF Score
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