Eiwa (TSE:9857) 3-Year ROIIC % : 23.18% (As of Mar. 2026) — 225% Above Median

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:9857 Eiwa Corp TSE:9857
81 GF Score
Price 円2,600.00
GF Value 円2,466.45
Valuation Fairly Valued
View Full Analysis

What is Eiwa 3-Year ROIIC %?

Eiwa TSE:9857 +2.65% 81 3-Year ROIIC % is 23.18 as of Mar. 2026, which is 225% above its 10-year median of 7.13. GuruFocus rates TSE:9857 with a GF Score™ of 81/100 and a GF Value™ of 円2,466.45 (Fairly Valued). Among 2,932 Industrial Products companies, Eiwa ranks better than 76.47% 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. Eiwa's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 23.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TSE:9857's 3-Year ROIIC % is ranked better than
76.47% of 2932 companies
in the Industrial Products industry
Industry Median: 3.45 vs TSE:9857: 23.18

Eiwa  (TSE:9857) 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.


Eiwa 3-Year ROIIC % Related Terms


Eiwa 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Eiwa'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.

Eiwa 3-Year ROIIC % Chart

Eiwa 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 17.49 5.20 9.06 16.84 23.18

Eiwa 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 9.06 0.00 16.84 0.00 23.18

TSE:9857 vs VRT, BE: 3-Year ROIIC % Comparison

For the Electrical Equipment & Parts subindustry, Eiwa'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.


Eiwa 3-Year ROIIC % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Eiwa's 3-Year ROIIC % distribution charts can be found below:

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


TSE:9857
81GF Score
Eiwa Corp TSE:9857
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eiwa 3-Year ROIIC % Calculation

Eiwa'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**
=( 2014.385066 (Mar. 2026) - 1258.0831386 (Mar. 2023) )/( 19966.186 (Mar. 2026) - 16703.275 (Mar. 2023) )
=756.3019274/3262.911
=23.18%***

* 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 23.18 mean?
Eiwa (TSE:9857) has a 3-Year ROIIC % of 23.18 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 Eiwa and its competitors. This is 225% above median its historical median of 7.13. According to the industry distribution chart, Eiwa ranks #690 out of 2932 companies in the Industrial Products industry, placing it in the top 23.5%.
Is Eiwa's 3-Year ROIIC % too high?
Eiwa's current 3-Year ROIIC % of 23.18 is 225% above median its 10-year median of 7.13. The Industrial Products industry median 3-Year ROIIC % is 3.45. Eiwa's value of 23.18 is 571.9% above this industry median. Based on the distribution chart, Eiwa ranks #690 out of 2932 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Eiwa has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eiwa's 3-Year ROIIC % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Eiwa ranks #690 out of 2932 companies for 3-Year ROIIC %. This places Eiwa in the top 24% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.45. Eiwa's value of 23.18 is 571.9% above this benchmark. While the company's 10-year median is 7.13 vs. the industry median of 3.45, Eiwa 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 an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.45, based on 2,932 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. Eiwa's current 3-Year ROIIC % of 23.18 is 571.9% 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 Eiwa and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eiwa's current 3-Year ROIIC % is 23.18, which is 225% above median its own 10-year median of 7.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eiwa stock overvalued right now?
Based on GuruFocus' analysis, Eiwa (TSE:9857) is currently considered Fairly Valued. The stock's GF Value™ is 円2,466.45, compared to a current price of 円2,600.00 — trading 5.4% above its estimated fair value. The current 3-Year ROIIC % is 23.18, which is 225% above median its 10-year median of 7.13 and 571.9% above the Industrial Products industry median of 3.45. Eiwa's overall GF Score™ is 81/100. 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 Eiwa (TSE:9857), the current 3-Year ROIIC % is 23.18 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 Eiwa (TSE:9857) Overvalued in 2026?

Based on GuruFocus' analysis, Eiwa stock appears to be overvalued. The current stock price of 円2,600.00 is trading 5.4% above its estimated GF Value™ of 円2,466.45. GuruFocus considers Eiwa to be Fairly Valued.

Key valuation signals for TSE:9857:

  • 3-Year ROIIC %: 23.18 (225% above median its 10-year median of 7.13)
  • GF Value™: 円2,466.45 vs. price of 円2,600.00 (5.4% above fair value)
  • GF Score™: 81/100
  • Industry Position: 571.9% above the Industrial Products median (#690 of 2932)

No single metric tells the full story. See the TSE:9857 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eiwa Business Description

Address 4-1-7 Kitahorie, Nishi-Ku, Osaka, JPN, 550-0014
Eiwa Corp is a company engaged in the manufacture and sale of industrial measurement Instrumentation, Electronic measuring instruments, Inspection, and analytical equipment, and Information Communication systems and other related Instruments. Some of the product offerings of the company comprise of the Pressure sensor, Level sensor, Flowmeter, Wireless communication system, Valves, and Noise monitor.
81GF Score

Get the complete analysis for TSE:9857

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

円2,600.00
Price
円2,466.45
GF Value