Morito Co (TSE:9837) 3-Year ROIIC % : 14.35% (As of Nov. 2025) — 47% Above Median

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TSE:9837 Morito Co Ltd TSE:9837
88 GF Score
Price 円1,792.00
GF Value 円1,767.60
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Morito Co 3-Year ROIIC %?

Morito Co TSE:9837 -0.55% 88 3-Year ROIIC % is 14.35 as of Nov. 2025, which is 47% above its 10-year median of 9.74. GuruFocus rates TSE:9837 with a GF Score™ of 88/100 and a GF Value™ of 円1,767.60 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,060 Retail - Cyclical companies, Morito Co ranks better than 66.32% 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. Morito Co's 3-Year ROIIC % for the quarter that ended in Nov. 2025 was 14.35%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TSE:9837's 3-Year ROIIC % is ranked better than
66.32% of 1060 companies
in the Retail - Cyclical industry
Industry Median: 4.235 vs TSE:9837: 14.35

Morito Co  (TSE:9837) 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.


Morito Co 3-Year ROIIC % Related Terms


Morito Co 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Morito 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.

Morito Co 3-Year ROIIC % Chart

Morito Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.60 9.72 24.63 41.56 14.35

Morito Co Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 0.00 41.56 0.00 14.35 0.00

TSE:9837 vs TJX, ROST, BURL: 3-Year ROIIC % Comparison

For the Apparel Retail subindustry, Morito 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.


Morito Co 3-Year ROIIC % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Morito Co's 3-Year ROIIC % distribution charts can be found below:

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


TSE:9837
88GF Score
Morito Co Ltd TSE:9837
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morito Co 3-Year ROIIC % Calculation

Morito Co's 3-Year ROIIC % for the quarter that ended in Nov. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 2285.326755 (Nov. 2025) - 1354.2167532 (Nov. 2022) )/( 41100.3 (Nov. 2025) - 34609.497 (Nov. 2022) )
=931.1100018/6490.803
=14.35%***

* 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 14.35 mean?
Morito Co (TSE:9837) has a 3-Year ROIIC % of 14.35 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 Morito Co and its competitors. This is 47% above median its historical median of 9.74. According to the industry distribution chart, Morito Co ranks #357 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 33.7%.
Is Morito Co's 3-Year ROIIC % too high?
Morito Co's current 3-Year ROIIC % of 14.35 is 47% above median its 10-year median of 9.74. The Retail - Cyclical industry median 3-Year ROIIC % is 4.24. Morito Co's value of 14.35 is 238.8% above this industry median. Based on the distribution chart, Morito Co ranks #357 out of 1060 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Morito Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Morito Co's 3-Year ROIIC % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Morito Co ranks #357 out of 1060 companies for 3-Year ROIIC %. This puts Morito Co in the upper half of its industry. The industry median 3-Year ROIIC % is 4.24. Morito Co's value of 14.35 is 238.8% above this benchmark. While the company's 10-year median is 9.74 vs. the industry median of 4.24, Morito Co 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 Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.24, based on 1,060 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. Morito Co's current 3-Year ROIIC % of 14.35 is 238.8% 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 Morito Co and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morito Co's current 3-Year ROIIC % is 14.35, which is 47% above median its own 10-year median of 9.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morito Co stock overvalued right now?
Based on GuruFocus' analysis, Morito Co (TSE:9837) is currently considered Fairly Valued. The stock's GF Value™ is 円1,767.60, compared to a current price of 円1,792.00 — trading 1.4% above its estimated fair value. The current 3-Year ROIIC % is 14.35, which is 47% above median its 10-year median of 9.74 and 238.8% above the Retail - Cyclical industry median of 4.24. Morito Co's overall GF Score™ is 88/100 with 2 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 Morito Co (TSE:9837), the current 3-Year ROIIC % is 14.35 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 Morito Co (TSE:9837) Overvalued in 2026?

Based on GuruFocus' analysis, Morito Co stock appears to be overvalued. The current stock price of 円1,792.00 is trading 1.4% above its estimated GF Value™ of 円1,767.60. GuruFocus considers Morito Co to be Fairly Valued.

Key valuation signals for TSE:9837:

  • 3-Year ROIIC %: 14.35 (47% above median its 10-year median of 9.74)
  • GF Value™: 円1,767.60 vs. price of 円1,792.00 (1.4% above fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 238.8% above the Retail - Cyclical median (#357 of 1060)

No single metric tells the full story. See the TSE:9837 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morito Co Business Description

Address 1-5-4 Nihonbashi Honcho, Chuo-Ku, Tokyo, JPN, 541-0054
Morito Co Ltd produces and supplies parts such as eyelets, snap fasteners, buckles, tape, and shoe uppers to all sorts of brands. It also designs and produces apparel, bags, and other products. The company supplies a host of products to a wide range of markets, including braces, supports, school supplies, and straps, in addition to footwear-related products such as insoles. It also specializes in supply of parts for automobile, railway, and aircraft interiors.
88GF Score

Get the complete analysis for TSE:9837

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

円1,792.00
Price
円1,767.60
GF Value