The Kyoto Hotel (TSE:9723) 3-Year ROIIC % : -64.46% (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:9723 The Kyoto Hotel Ltd TSE:9723
72 GF Score
Price 円634.00
GF Value 円750.29
Valuation Modestly Undervalued
! 4 Warning Signs
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What is The Kyoto Hotel 3-Year ROIIC %?

The Kyoto Hotel TSE:9723 +0.16% 72 3-Year ROIIC % is -64.46 as of Mar. 2026. GuruFocus rates TSE:9723 with a GF Score™ of 72/100 and a GF Value™ of 円750.29 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 791 Travel & Leisure companies, The Kyoto Hotel ranks worse than 87.1% 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. The Kyoto Hotel's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -64.46%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TSE:9723's 3-Year ROIIC % is ranked worse than
87.1% of 791 companies
in the Travel & Leisure industry
Industry Median: 3.94 vs TSE:9723: -64.46

The Kyoto Hotel  (TSE:9723) 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.


The Kyoto Hotel 3-Year ROIIC % Related Terms


The Kyoto Hotel 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for The Kyoto Hotel'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.

The Kyoto Hotel 3-Year ROIIC % Chart

The Kyoto Hotel Annual Data
Trend Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -366.17 0.93 49.39 -70.94 -64.46

The Kyoto Hotel Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 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 49.39 0.00 -70.94 0.00 -64.46

TSE:9723 vs MAR, HLT, H: 3-Year ROIIC % Comparison

For the Lodging subindustry, The Kyoto Hotel'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.


The Kyoto Hotel 3-Year ROIIC % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Kyoto Hotel's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where The Kyoto Hotel's 3-Year ROIIC % falls into.


TSE:9723
72GF Score
The Kyoto Hotel Ltd TSE:9723
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Kyoto Hotel 3-Year ROIIC % Calculation

The Kyoto Hotel'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**
=( 1066.3178442 (Mar. 2026) - -25.7922368 (Mar. 2023) )/( 13225.385 (Mar. 2026) - 14919.566 (Mar. 2023) )
=1092.110081/-1694.181
=-64.46%***

* 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 -64.46 mean?
The Kyoto Hotel (TSE:9723) has a 3-Year ROIIC % of -64.46 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 The Kyoto Hotel and its competitors. According to the industry distribution chart, The Kyoto Hotel ranks #689 out of 791 companies in the Travel & Leisure industry, placing it in the top 87.1%.
Is The Kyoto Hotel's 3-Year ROIIC % too high?
The Kyoto Hotel's current 3-Year ROIIC % is -64.46. Based on the distribution chart, The Kyoto Hotel ranks #689 out of 791 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, The Kyoto Hotel has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Kyoto Hotel's 3-Year ROIIC % compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, The Kyoto Hotel ranks #689 out of 791 companies for 3-Year ROIIC %. This places The Kyoto Hotel in the lower half of its industry. The industry median 3-Year ROIIC % is 3.94. 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 Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 3.94, based on 791 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 The Kyoto Hotel and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Kyoto Hotel's current 3-Year ROIIC % is -64.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Kyoto Hotel stock overvalued right now?
Based on GuruFocus' analysis, The Kyoto Hotel (TSE:9723) is currently considered Modestly Undervalued. The stock's GF Value™ is 円750.29, compared to a current price of 円634.00 — trading 15.5% below its estimated fair value. The current 3-Year ROIIC % is -64.46. The Kyoto Hotel's overall GF Score™ is 72/100 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 The Kyoto Hotel (TSE:9723), the current 3-Year ROIIC % is -64.46 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 The Kyoto Hotel (TSE:9723) Overvalued in 2026?

Based on GuruFocus' analysis, The Kyoto Hotel stock appears to be undervalued. The current stock price of 円634.00 is trading 15.5% below its estimated GF Value™ of 円750.29. GuruFocus considers The Kyoto Hotel to be Modestly Undervalued.

Key valuation signals for TSE:9723:

  • 3-Year ROIIC %: -64.46
  • GF Value™: 円750.29 vs. price of 円634.00 (15.5% below fair value)
  • GF Score™: 72/100 with 4 warning signs

No single metric tells the full story. See the TSE:9723 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Kyoto Hotel Business Description

Address 537-4, Ichinofunairi-cho, Nijo minami-iru, Kawaramachi-dori, Nakagyo-ku, Kyoto, JPN, 604-8558
The Kyoto Hotel Ltd operates hotels & banquet halls in Japan. The Company manages restaurants & bars under the names of Kyoto Hotel Okura and Karasuma Kyoto Hotel. It operates in four divisions: accommodation, banquet, restaurant & others division. It also has the online shop.
72GF Score

Get the complete analysis for TSE:9723

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

円634.00
Price
円750.29
GF Value