Asahi KaseiAHKSF -0.87%74 ROC (Joel Greenblatt) % is 9.74% as of Mar. 2026, which is 32% below its 10-year median of 14.30. GuruFocus rates AHKSF with a GF Score™ of 74/100 and a GF Value™ of $8.04 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 564 Conglomerates companies, Asahi Kasei ranks worse than 53.9% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Asahi Kasei's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.74%.
The historical rank and industry rank for Asahi Kasei's ROC (Joel Greenblatt) % or its related term are showing as below:
AHKSF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.92 Med: 14.3 Max: 24.84
Current: 13.21
During the past 13 years, Asahi Kasei's highest ROC (Joel Greenblatt) % was 24.84%. The lowest was -3.92%. And the median was 14.30%.
AHKSF's ROC (Joel Greenblatt) % is ranked worse than 53.9% of 564
companies
in the Conglomerates industry
Industry Median: 14.68
vs AHKSF: 13.21
Asahi Kasei's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Asahi Kasei ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Asahi Kasei's ROC (Joel Greenblatt) % 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.
AHKSF vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Asahi Kasei's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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.
Asahi Kasei ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Asahi Kasei's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asahi Kasei's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 9.74% mean?
Asahi Kasei (AHKSF) has a ROC (Joel Greenblatt) % of 9.74% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Asahi Kasei and its competitors. This is 32% below median its historical median of 14.30. According to the industry distribution chart, Asahi Kasei ranks #304 out of 564 companies in the Conglomerates industry, placing it in the top 53.9%.
Is Asahi Kasei's ROC (Joel Greenblatt) % too high?
Asahi Kasei's current ROC (Joel Greenblatt) % of 9.74% is 32% below median its 10-year median of 14.30. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.68. Asahi Kasei's value of 9.74% is 33.7% below this industry median. Based on the distribution chart, Asahi Kasei ranks #304 out of 564 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Asahi Kasei has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Kasei's ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Asahi Kasei ranks #304 out of 564 companies for ROC (Joel Greenblatt) %. This places Asahi Kasei in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.68. Asahi Kasei's value of 9.74% is 33.7% below this benchmark. While the company's 10-year median is 14.30 vs. the industry median of 14.68, Asahi Kasei has consistently been below 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 ROC (Joel Greenblatt) % for a Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.68, based on 564 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asahi Kasei's current ROC (Joel Greenblatt) % of 9.74% is 33.7% below 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Asahi Kasei and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Kasei's current ROC (Joel Greenblatt) % is 9.74%, which is 32% below median its own 10-year median of 14.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Kasei stock overvalued right now?
Based on GuruFocus' analysis, Asahi Kasei (AHKSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.04, compared to a current price of $11.30 — trading 40.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 9.74%, which is 32% below median its 10-year median of 14.30 and 33.7% below the Conglomerates industry median of 14.68. Asahi Kasei's overall GF Score™ is 74/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Asahi Kasei (AHKSF), the current ROC (Joel Greenblatt) % is 9.74% 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 Asahi Kasei (AHKSF) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Kasei stock appears to be overvalued.
The current stock price of $11.30 is trading 40.6% above its estimated GF Value™ of $8.04.
GuruFocus considers Asahi Kasei to be Significantly Overvalued.
Key valuation signals for AHKSF:
ROC (Joel Greenblatt) %: 9.74% (32% below median its 10-year median of 14.30)
GF Value™: $8.04 vs. price of $11.30 (40.6% above fair value)
Industry Position: 33.7% below the Conglomerates median (#304 of 564)
No single metric tells the full story. See the AHKSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi Kasei Corp is a Japanese industrial conglomerate mainly engaged in materials, housing, and healthcare businesses. The Health Care segment covers pharmaceuticals, healthcare, and critical care. The Housing segment includes housing and building materials businesses. The Material segment consists of environmental solutions, mobility & industry, AL business, and life innovation, such as digital solutions and comfort life. The Others segment includes plant and environmental engineering, research and information services, as well as staffing and placement businesses. It generates the majority of its revenue from the Material segment.
74GF Score
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