Tohbu Network Co (TSE:9036) 3-Year ROIIC % : -10.13% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:9036 Tohbu Network Co Ltd TSE:9036
66 GF Score
Price 円1,338.00
GF Value 円911.23
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Tohbu Network Co 3-Year ROIIC %?

Tohbu Network Co TSE:9036 -1.25% 66 3-Year ROIIC % is -10.13 as of Mar. 2026. GuruFocus rates TSE:9036 with a GF Score™ of 66/100 and a GF Value™ of 円911.23 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 940 Transportation companies, Tohbu Network Co ranks worse than 72.45% 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. Tohbu Network Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -10.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Tohbu Network Co's 3-Year ROIIC % or its related term are showing as below:

TSE:9036's 3-Year ROIIC % is ranked worse than
72.45% of 940 companies
in the Transportation industry
Industry Median: 2.005 vs TSE:9036: -10.13

Tohbu Network Co  (TSE:9036) 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.


Tohbu Network Co 3-Year ROIIC % Related Terms


Tohbu Network Co 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Tohbu Network 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.

Tohbu Network Co 3-Year ROIIC % Chart

Tohbu Network Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.81 -6.73 -25.41 -11.93 -10.13

Tohbu Network Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.41 0.00 -11.93 0.00 -10.13

TSE:9036 vs UPS, FDX, JBHT: 3-Year ROIIC % Comparison

For the Integrated Freight & Logistics subindustry, Tohbu Network 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.


Tohbu Network Co 3-Year ROIIC % vs Transportation Industry

For the Transportation industry and Industrials sector, Tohbu Network Co's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Tohbu Network Co's 3-Year ROIIC % falls into.


TSE:9036
66GF Score
Tohbu Network Co Ltd TSE:9036
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tohbu Network Co 3-Year ROIIC % Calculation

Tohbu Network 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**
=( 152.8635057 (Mar. 2026) - 318.1755122 (Mar. 2023) )/( 20356.816 (Mar. 2026) - 18725.283 (Mar. 2023) )
=-165.3120065/1631.533
=-10.13%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -10.13 mean?
Tohbu Network Co (TSE:9036) has a 3-Year ROIIC % of -10.13 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 Tohbu Network Co and its competitors. According to the industry distribution chart, Tohbu Network Co ranks #681 out of 940 companies in the Transportation industry, placing it in the top 72.4%.
Is Tohbu Network Co's 3-Year ROIIC % too high?
Tohbu Network Co's current 3-Year ROIIC % is -10.13. Based on the distribution chart, Tohbu Network Co ranks #681 out of 940 companies in the Transportation industry, which is below the industry midpoint. Overall, Tohbu Network Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tohbu Network Co's 3-Year ROIIC % compare to UPS and FDX?
According to the Transportation industry distribution chart, Tohbu Network Co ranks #681 out of 940 companies for 3-Year ROIIC %. This places Tohbu Network Co in the lower half of its industry. The industry median 3-Year ROIIC % is 2.01. 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 2.01, based on 940 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 Tohbu Network Co and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tohbu Network Co's current 3-Year ROIIC % is -10.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tohbu Network Co stock overvalued right now?
Based on GuruFocus' analysis, Tohbu Network Co (TSE:9036) is currently considered Significantly Overvalued. The stock's GF Value™ is 円911.23, compared to a current price of 円1,338.00 — trading 46.8% above its estimated fair value. The current 3-Year ROIIC % is -10.13. Tohbu Network Co's overall GF Score™ is 66/100 with 8 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 Tohbu Network Co (TSE:9036), the current 3-Year ROIIC % is -10.13 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 Tohbu Network Co (TSE:9036) Overvalued in 2026?

Based on GuruFocus' analysis, Tohbu Network Co stock appears to be overvalued. The current stock price of 円1,338.00 is trading 46.8% above its estimated GF Value™ of 円911.23. GuruFocus considers Tohbu Network Co to be Significantly Overvalued.

Key valuation signals for TSE:9036:

  • 3-Year ROIIC %: -10.13
  • GF Value™: 円911.23 vs. price of 円1,338.00 (46.8% above fair value)
  • GF Score™: 66/100 with 8 warning signs

No single metric tells the full story. See the TSE:9036 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tohbu Network Co Business Description

Address 2F, Sakaecho 2 Kanagawa-ku, Kanagawa-ku, 9 East Eastern Yokohama Building, Yokohama, JPN, 221-00529
Tohbu Network Co Ltd is engaged in cargo car transport business, cargo use transportation business, specified passenger car transportation business, real estate leasing business, warehouse industry, worker dispatch business, industrial waste collection, and sales business of petroleum and high pressure gases.
66GF Score

Get the complete analysis for TSE:9036

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,338.00
Price
円911.23
GF Value