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.
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.
Aica Kogyo CoAIKCF 87 ROC (Joel Greenblatt) % is 16.00% as of Mar. 2026, which is 27% below its 10-year median of 21.85. GuruFocus rates AIKCF with a GF Score™ of 87/100 and a GF Value™ of $23.65. The stock has 3 warning signs investors should review. Among 563 Conglomerates companies, Aica Kogyo Co ranks better than 61.28% 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. Aica Kogyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.00%.
The historical rank and industry rank for Aica Kogyo Co's ROC (Joel Greenblatt) % or its related term are showing as below:
AIKCF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.62 Med: 21.85 Max: 29.84
Current: 21.66
During the past 13 years, Aica Kogyo Co's highest ROC (Joel Greenblatt) % was 29.84%. The lowest was 16.62%. And the median was 21.85%.
AIKCF's ROC (Joel Greenblatt) % is ranked better than 61.28% of 563
companies
in the Conglomerates industry
Industry Median: 14.68
vs AIKCF: 21.66
Aica Kogyo Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.20% per year.
Aica Kogyo Co (OTCPK:AIKCF) ROC (Joel Greenblatt) % Explanation
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.
Aica Kogyo Co ROC (Joel Greenblatt) % Related Terms
Aica Kogyo Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Aica Kogyo Co'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.
AIKCF vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Aica Kogyo Co'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.
Aica Kogyo Co ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Aica Kogyo Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aica Kogyo Co'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 16.00% mean?
Aica Kogyo Co (AIKCF) has a ROC (Joel Greenblatt) % of 16.00% 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 Aica Kogyo Co and its competitors. This is 27% below median its historical median of 21.85. Over the past decade, Aica Kogyo Co's ROC (Joel Greenblatt) % has ranged from 16.62 to 29.84. According to the industry distribution chart, Aica Kogyo Co ranks #218 out of 563 companies in the Conglomerates industry, placing it in the top 38.7%.
Is Aica Kogyo Co's ROC (Joel Greenblatt) % too high?
Aica Kogyo Co's current ROC (Joel Greenblatt) % of 16.00% is 27% below median its 10-year median of 21.85. Over the past 10 years, this metric has ranged from a low of 16.62 to a high of 29.84. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.68. Aica Kogyo Co's value of 16.00% is 9% above this industry median. Based on the distribution chart, Aica Kogyo Co ranks #218 out of 563 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Aica Kogyo Co has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Aica Kogyo Co's ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Aica Kogyo Co ranks #218 out of 563 companies for ROC (Joel Greenblatt) %. This puts Aica Kogyo Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 14.68. Aica Kogyo Co's value of 16.00% is 9% above this benchmark. Historically, Aica Kogyo Co's own ROC (Joel Greenblatt) % has ranged from 16.62 to 29.84 over the past decade. While the company's 10-year median is 21.85 vs. the industry median of 14.68, Aica Kogyo 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 ROC (Joel Greenblatt) % for a Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.68, based on 563 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. Aica Kogyo Co's current ROC (Joel Greenblatt) % of 16.00% is 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 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 Aica Kogyo Co 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. Aica Kogyo Co's current ROC (Joel Greenblatt) % is 16.00%, which is 27% below median its own 10-year median of 21.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aica Kogyo Co stock overvalued right now?
Aica Kogyo Co (AIKCF) has a current ROC (Joel Greenblatt) % of 16.00%. The stock's GF Value™ is $23.65, compared to a current price of $23.69 — trading 0.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.00%, which is 27% below median its 10-year median of 21.85 and 9% above the Conglomerates industry median of 14.68. Aica Kogyo Co's overall GF Score™ is 87/100 with 3 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 Aica Kogyo Co (AIKCF), the current ROC (Joel Greenblatt) % is 16.00% 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 Aica Kogyo Co (AIKCF) Overvalued in 2026?
Based on GuruFocus' analysis, Aica Kogyo Co stock appears to be overvalued.
The current stock price of $23.69 is trading 0.2% above its estimated GF Value™ of $23.65.
Key valuation signals for AIKCF:
ROC (Joel Greenblatt) %: 16.00% (27% below median its 10-year median of 21.85)
GF Value™: $23.65 vs. price of $23.69 (0.2% above fair value)
Industry Position: 9% above the Conglomerates median (#218 of 563)
No single metric tells the full story. See the AIKCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aica Kogyo Co Ltd is a Japanese manufacturing company. It operates its business in four segments which are Chemical Products, Specialty & Performance Materials, Laminated Sheets, and Building & Housing Materials. The company mainly provides adhesives, resin, melamine doors, wall coating materials, countertops, decorative panels, polyester panels and boards. It also provides solar batteries, lamps, and silicone materials.
87GF Score
Get the complete analysis for AIKCF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AIKCF has been successfully added to your 
