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TV Tokyo HoldingsTSE:9413 +0.15%69 3-Year ROIIC % is 19.22 as of Mar. 2026, which is 255% above its 10-year median of 5.42. GuruFocus rates TSE:9413 with a GF Score™ of 69/100 and a GF Value™ of 円3,850.64 (Modestly Undervalued). Among 943 Media - Diversified companies, TV Tokyo Holdings ranks better than 73.7% 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.
TV Tokyo Holdings's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 19.22%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for TV Tokyo Holdings's 3-Year ROIIC % or its related term are showing as below:
TSE:9413's 3-Year ROIIC % is ranked better than 73.7% of 943
companies
in the Media - Diversified industry
Industry Median: 1.07
vs TSE:9413: 19.22
TV Tokyo Holdings (TSE:9413) 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.
TV Tokyo Holdings 3-Year ROIIC % Related Terms
TV Tokyo Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for TV Tokyo Holdings'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 Broadcasting subindustry, TV Tokyo Holdings'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.
TV Tokyo Holdings 3-Year ROIIC % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, TV Tokyo Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TV Tokyo Holdings's 3-Year ROIIC % falls into.
TV Tokyo Holdings'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**
=
( 7687.1773 (Mar. 2026) - 6374.9205 (Mar. 2023) )
/
( 98045 (Mar. 2026) - 91216 (Mar. 2023) )
=
1312.2568
/
6829
=
19.22%***
* 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.
TV Tokyo Holdings (TSE:9413) has a 3-Year ROIIC % of 19.22 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 TV Tokyo Holdings and its competitors. This is 255% above median its historical median of 5.42. According to the industry distribution chart, TV Tokyo Holdings ranks #248 out of 943 companies in the Media - Diversified industry, placing it in the top 26.3%.
Is TV Tokyo Holdings' 3-Year ROIIC % too high?
TV Tokyo Holdings' current 3-Year ROIIC % of 19.22 is 255% above median its 10-year median of 5.42. The Media - Diversified industry median 3-Year ROIIC % is 1.07. TV Tokyo Holdings' value of 19.22 is 1696.3% above this industry median. Based on the distribution chart, TV Tokyo Holdings ranks #248 out of 943 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, TV Tokyo Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TV Tokyo Holdings' 3-Year ROIIC % compare to NXST?
According to the Media - Diversified industry distribution chart, TV Tokyo Holdings ranks #248 out of 943 companies for 3-Year ROIIC %. This puts TV Tokyo Holdings in the upper half of its industry. The industry median 3-Year ROIIC % is 1.07. TV Tokyo Holdings' value of 19.22 is 1696.3% above this benchmark. While the company's 10-year median is 5.42 vs. the industry median of 1.07, TV Tokyo Holdings 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 Media - Diversified company?
The median 3-Year ROIIC % among Media - Diversified companies is 1.07, based on 943 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. TV Tokyo Holdings's current 3-Year ROIIC % of 19.22 is 1696.3% 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 TV Tokyo Holdings and its competitors. For the Media - Diversified industry, the median 3-Year ROIIC % is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TV Tokyo Holdings's current 3-Year ROIIC % is 19.22, which is 255% above median its own 10-year median of 5.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TV Tokyo Holdings stock overvalued right now?
Based on GuruFocus' analysis, TV Tokyo Holdings (TSE:9413) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,850.64, compared to a current price of 円3,390.00 — trading 12% below its estimated fair value. The current 3-Year ROIIC % is 19.22, which is 255% above median its 10-year median of 5.42 and 1696.3% above the Media - Diversified industry median of 1.07. TV Tokyo Holdings' overall GF Score™ is 69/100. 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 TV Tokyo Holdings (TSE:9413), the current 3-Year ROIIC % is 19.22 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 TV Tokyo Holdings (TSE:9413) Overvalued in 2026?
Based on GuruFocus' analysis, TV Tokyo Holdings stock appears to be undervalued.
The current stock price of 円3,390.00 is trading 12% below its estimated GF Value™ of 円3,850.64.
GuruFocus considers TV Tokyo Holdings to be Modestly Undervalued.
Key valuation signals for TSE:9413:
3-Year ROIIC %: 19.22 (255% above median its 10-year median of 5.42)
GF Value™: 円3,850.64 vs. price of 円3,390.00 (12% below fair value)
Industry Position: 1696.3% above the Media - Diversified median (#248 of 943)
No single metric tells the full story. See the TSE:9413 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TV Tokyo Holdings Corporation operates in the broadcasting space in Japan. It is primarily involved in the terrestrial broadcasting business apart from its operation through other segments such as Broadcasting - Peripheral and Satellite Broadcasting. The Terrestrial Broadcasting segment is engaged in the sale of programs to other broadcasters, the provision of broadcast program and film rights, as well as the organization of events. The Broadcasting- peripheral segment is involved in the planning and production of programs, the mail-order business and the Broadcasting Satellite (BS) segment provides TV programs by BS digital broadcasting.
69GF Score
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