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Belc CoTSE:9974 +1.74%89 3-Year ROIIC % is 7.43 as of Feb. 2026, which is 7% below its 10-year median of 7.95. GuruFocus rates TSE:9974 with a GF Score™ of 89/100 and a GF Value™ of 円8,026.10 (Modestly Undervalued). Among 295 Retail - Defensive companies, Belc Co ranks better than 53.56% 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.
Belc Co's 3-Year ROIIC % for the quarter that ended in Feb. 2026 was 7.43%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Belc Co's 3-Year ROIIC % or its related term are showing as below:
TSE:9974's 3-Year ROIIC % is ranked better than 53.56% of 295
companies
in the Retail - Defensive industry
Industry Median: 5.95
vs TSE:9974: 7.43
Belc Co (TSE:9974) 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.
Belc Co 3-Year ROIIC % Related Terms
Belc Co 3-Year ROIIC % Historical Data
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The historical data trend for Belc 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.
For the Grocery Stores subindustry, Belc 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.
Belc Co 3-Year ROIIC % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Belc Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Belc Co's 3-Year ROIIC % falls into.
* 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.
Belc Co (TSE:9974) has a 3-Year ROIIC % of 7.43 as of Feb. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Belc Co and its competitors. This is near median its historical median of 7.95. Over the past decade, Belc Co's 3-Year ROIIC % has ranged from 4.67 to 11.05. According to the industry distribution chart, Belc Co ranks #137 out of 295 companies in the Retail - Defensive industry, placing it in the top 46.4%.
Is Belc Co's 3-Year ROIIC % too high?
Belc Co's current 3-Year ROIIC % of 7.43 is near median its 10-year median of 7.95. Over the past 10 years, this metric has ranged from a low of 4.67 to a high of 11.05. The Retail - Defensive industry median 3-Year ROIIC % is 5.95. Belc Co's value of 7.43 is 24.9% above this industry median. Based on the distribution chart, Belc Co ranks #137 out of 295 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Belc Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belc Co's 3-Year ROIIC % compare to KR?
According to the Retail - Defensive industry distribution chart, Belc Co ranks #137 out of 295 companies for 3-Year ROIIC %. This puts Belc Co in the upper half of its industry. The industry median 3-Year ROIIC % is 5.95. Belc Co's value of 7.43 is 24.9% above this benchmark. Historically, Belc Co's own 3-Year ROIIC % has ranged from 4.67 to 11.05 over the past decade. While the company's 10-year median is 7.95 vs. the industry median of 5.95, Belc 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 - Defensive company?
The median 3-Year ROIIC % among Retail - Defensive companies is 5.95, based on 295 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. Belc Co's current 3-Year ROIIC % of 7.43 is 24.9% 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 Belc Co and its competitors. For the Retail - Defensive industry, the median 3-Year ROIIC % is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belc Co's current 3-Year ROIIC % is 7.43, which is near median its own 10-year median of 7.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belc Co stock overvalued right now?
Based on GuruFocus' analysis, Belc Co (TSE:9974) is currently considered Modestly Undervalued. The stock's GF Value™ is 円8,026.10, compared to a current price of 円6,420.00 — trading 20% below its estimated fair value. The current 3-Year ROIIC % is 7.43, which is near median its 10-year median of 7.95 and 24.9% above the Retail - Defensive industry median of 5.95. Belc Co's overall GF Score™ is 89/100. 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 Belc Co (TSE:9974), the current 3-Year ROIIC % is 7.43 as of Feb. 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 Belc Co (TSE:9974) Overvalued in 2026?
Based on GuruFocus' analysis, Belc Co stock appears to be undervalued.
The current stock price of 円6,420.00 is trading 20% below its estimated GF Value™ of 円8,026.10.
GuruFocus considers Belc Co to be Modestly Undervalued.
Key valuation signals for TSE:9974:
3-Year ROIIC %: 7.43 (near median its 10-year median of 7.95)
GF Value™: 円8,026.10 vs. price of 円6,420.00 (20% below fair value)
Industry Position: 24.9% above the Retail - Defensive median (#137 of 295)
No single metric tells the full story. See the TSE:9974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on Saitama Prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities, and processed food. Belc Co. Ltd also provides services to its stores, including chain management and cleaning.
89GF Score
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