TRaaS On Product (TSE:6696) 5-Year ROIIC % : -113.14% (As of Jan. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:6696 TRaaS On Product Inc TSE:6696
50 GF Score
Price 円281.00
GF Value 円486.72
Valuation Possible Value Trap
! 2 Warning Signs
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What is TRaaS On Product 5-Year ROIIC %?

TRaaS On Product TSE:6696 +0.36% 50 5-Year ROIIC % is -113.14 as of Jan. 2026. GuruFocus rates TSE:6696 with a GF Score™ of 50/100 and a GF Value™ of 円486.72 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,272 Hardware companies, TRaaS On Product ranks worse than 94.01% on this metric.

5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year. TRaaS On Product's 5-Year ROIIC % for the quarter that ended in Jan. 2026 was -113.14%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for TRaaS On Product's 5-Year ROIIC % or its related term are showing as below:

TSE:6696's 5-Year ROIIC % is ranked worse than
94.01% of 2272 companies
in the Hardware industry
Industry Median: 3.325 vs TSE:6696: -113.14

TRaaS On Product  (TSE:6696) 5-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.


TRaaS On Product 5-Year ROIIC % Related Terms


TRaaS On Product 5-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for TRaaS On Product's 5-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.

TRaaS On Product 5-Year ROIIC % Chart

TRaaS On Product Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
5-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 392.40 86.75 -25.94 -31.24 -113.14

TRaaS On Product Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
5-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 0.00 0.00 -113.14 0.00

TSE:6696 vs CSCO, MSI, HPE: 5-Year ROIIC % Comparison

For the Communication Equipment subindustry, TRaaS On Product's 5-Year ROIIC %, along with its competitors' market caps and 5-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.


TRaaS On Product 5-Year ROIIC % vs Hardware Industry

For the Hardware industry and Technology sector, TRaaS On Product's 5-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where TRaaS On Product's 5-Year ROIIC % falls into.


TSE:6696
50GF Score
TRaaS On Product Inc TSE:6696
5-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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TRaaS On Product 5-Year ROIIC % Calculation

TRaaS On Product's 5-Year ROIIC % for the quarter that ended in Jan. 2026 is calculated as:

5-Year ROIIC %=5-Year Incremental Net Operating Profit After Taxes (NOPAT)**/5-Year Incremental Invested Capital**
=( -36.149 (Jan. 2026) - -246.504 (Jan. 2021) )/( 246.396 (Jan. 2026) - 432.326 (Jan. 2021) )
=210.355/-185.93
=-113.14%***

* 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 5-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 5-Year ROIIC % →
What does a 5-Year ROIIC % of -113.14 mean?
TRaaS On Product (TSE:6696) has a 5-Year ROIIC % of -113.14 as of Jan. 2026. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on TRaaS On Product and its competitors. According to the industry distribution chart, TRaaS On Product ranks #2136 out of 2272 companies in the Hardware industry, placing it in the top 94%.
Is TRaaS On Product's 5-Year ROIIC % too high?
TRaaS On Product's current 5-Year ROIIC % is -113.14. Based on the distribution chart, TRaaS On Product ranks #2136 out of 2272 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, TRaaS On Product has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TRaaS On Product's 5-Year ROIIC % compare to CSCO and MSI?
According to the Hardware industry distribution chart, TRaaS On Product ranks #2136 out of 2272 companies for 5-Year ROIIC %. This places TRaaS On Product in the lower half of its industry. The industry median 5-Year ROIIC % is 3.33. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for a Hardware company?
The median 5-Year ROIIC % among Hardware companies is 3.33, based on 2,272 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-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 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on TRaaS On Product and its competitors. For the Hardware industry, the median 5-Year ROIIC % is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRaaS On Product's current 5-Year ROIIC % is -113.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRaaS On Product stock overvalued right now?
Based on GuruFocus' analysis, TRaaS On Product (TSE:6696) is currently considered Possible Value Trap. The stock's GF Value™ is 円486.72, compared to a current price of 円281.00 — trading 42.3% below its estimated fair value. The current 5-Year ROIIC % is -113.14. TRaaS On Product's overall GF Score™ is 50/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For TRaaS On Product (TSE:6696), the current 5-Year ROIIC % is -113.14 as of Jan. 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 TRaaS On Product (TSE:6696) Overvalued in 2026?

Based on GuruFocus' analysis, TRaaS On Product stock appears to be undervalued. The current stock price of 円281.00 is trading 42.3% below its estimated GF Value™ of 円486.72. GuruFocus considers TRaaS On Product to be Possible Value Trap.

Key valuation signals for TSE:6696:

  • 5-Year ROIIC %: -113.14
  • GF Value™: 円486.72 vs. price of 円281.00 (42.3% below fair value)
  • GF Score™: 50/100 with 2 warning signs

No single metric tells the full story. See the TSE:6696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TRaaS On Product Business Description

Address 2-9-30 Kitasaiwai, Nishi Ward, Yokohama Nishiguchi Kato Building2nd floor, Kanagawa Prefecture, Yokohama, JPN, 220-0004
TRaaS On Product Inc is engaged in telecommunications, followed by the IT revolution, and manufacturing in which the subject of value shifted to something different.
50GF Score

Get the complete analysis for TSE:6696

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

円281.00
Price
円486.72
GF Value