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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.
Hokkaido Gas Co's 5-Year ROIIC % for the quarter that ended in Mar. 2026 was 18.29%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Hokkaido Gas Co's 5-Year ROIIC % or its related term are showing as below:
TSE:9534's 5-Year ROIIC % is ranked better than 86.75% of 468
companies
in the Utilities - Regulated industry
Industry Median: 4.025
vs TSE:9534: 18.29
Hokkaido Gas Co (TSE:9534) 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.
Hokkaido Gas Co 5-Year ROIIC % Related Terms
Hokkaido Gas Co 5-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Hokkaido Gas Co'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.
For the Utilities - Regulated Gas subindustry, Hokkaido Gas Co'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.
Hokkaido Gas Co 5-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hokkaido Gas Co's 5-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 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.
Hokkaido Gas Co (TSE:9534) has a 5-Year ROIIC % of 18.29 as of Mar. 2026. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Hokkaido Gas Co and its competitors. According to the industry distribution chart, Hokkaido Gas Co ranks #62 out of 468 companies in the Utilities - Regulated industry, placing it in the top 13.2%.
Is Hokkaido Gas Co's 5-Year ROIIC % too high?
Hokkaido Gas Co's current 5-Year ROIIC % is 18.29. The Utilities - Regulated industry median 5-Year ROIIC % is 4.03. Hokkaido Gas Co's value of 18.29 is 354.4% above this industry median. Based on the distribution chart, Hokkaido Gas Co ranks #62 out of 468 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hokkaido Gas Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's 5-Year ROIIC % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokkaido Gas Co ranks #62 out of 468 companies for 5-Year ROIIC %. This places Hokkaido Gas Co in the top 13% of its industry — outperforming the majority of peers. The industry median 5-Year ROIIC % is 4.03. Hokkaido Gas Co's value of 18.29 is 354.4% above this benchmark. 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 an Utilities - Regulated company?
The median 5-Year ROIIC % among Utilities - Regulated companies is 4.03, based on 468 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. Hokkaido Gas Co's current 5-Year ROIIC % of 18.29 is 354.4% 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 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 Hokkaido Gas Co and its competitors. For the Utilities - Regulated industry, the median 5-Year ROIIC % is 4.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Gas Co's current 5-Year ROIIC % is 18.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkaido Gas Co (TSE:9534) is currently considered Significantly Overvalued. The stock's GF Value™ is 円568.91, compared to a current price of 円791.00 — trading 39% above its estimated fair value. The current 5-Year ROIIC % is 18.29 and 354.4% above the Utilities - Regulated industry median of 4.03. Hokkaido Gas Co's overall GF Score™ is 67/100 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 Hokkaido Gas Co (TSE:9534), the current 5-Year ROIIC % is 18.29 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 Hokkaido Gas Co (TSE:9534) Overvalued in 2026?
Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued.
The current stock price of 円791.00 is trading 39% above its estimated GF Value™ of 円568.91.
GuruFocus considers Hokkaido Gas Co to be Significantly Overvalued.
Key valuation signals for TSE:9534:
5-Year ROIIC %: 18.29
GF Value™: 円568.91 vs. price of 円791.00 (39% above fair value)
Industry Position: 354.4% above the Utilities - Regulated median (#62 of 468)
No single metric tells the full story. See the TSE:9534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
67GF Score
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