DOWA Holdings CoDWMNF 75 ROC (Joel Greenblatt) % is 45.39% as of Mar. 2026, which is 280% above its 10-year median of 11.94. GuruFocus rates DWMNF with a GF Score™ of 75/100 and a GF Value™ of $38.66. The stock has 3 warning signs investors should review. Among 2,499 Metals & Mining companies, DOWA Holdings Co ranks better than 85.75% 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. DOWA Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.39%.
The historical rank and industry rank for DOWA Holdings Co's ROC (Joel Greenblatt) % or its related term are showing as below:
DWMNF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.3 Med: 11.94 Max: 20.58
Current: 17.22
During the past 13 years, DOWA Holdings Co's highest ROC (Joel Greenblatt) % was 20.58%. The lowest was 9.30%. And the median was 11.94%.
DWMNF's ROC (Joel Greenblatt) % is ranked better than 85.75% of 2499
companies
in the Metals & Mining industry
Industry Median: -22.36
vs DWMNF: 17.22
DOWA Holdings Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.80% per year.
DOWA Holdings Co (OTCPK:DWMNF) 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.
DOWA Holdings Co ROC (Joel Greenblatt) % Related Terms
DOWA Holdings Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for DOWA Holdings 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.
DOWA Holdings Co ROC (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, DOWA Holdings 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.
DOWA Holdings Co ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, DOWA Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where DOWA Holdings Co's ROC (Joel Greenblatt) % falls into.
DOWA Holdings Co ROC (Joel Greenblatt) % Calculation
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 45.39% mean?
DOWA Holdings Co (DWMNF) has a ROC (Joel Greenblatt) % of 45.39% 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 DOWA Holdings Co and its competitors. This is 280% above median its historical median of 11.94. Over the past decade, DOWA Holdings Co's ROC (Joel Greenblatt) % has ranged from 9.30 to 20.58. According to the industry distribution chart, DOWA Holdings Co ranks #356 out of 2499 companies in the Metals & Mining industry, placing it in the top 14.2%.
Is DOWA Holdings Co's ROC (Joel Greenblatt) % too high?
DOWA Holdings Co's current ROC (Joel Greenblatt) % of 45.39% is 280% above median its 10-year median of 11.94. Over the past 10 years, this metric has ranged from a low of 9.30 to a high of 20.58. Based on the distribution chart, DOWA Holdings Co ranks #356 out of 2499 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, DOWA Holdings Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does DOWA Holdings Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, DOWA Holdings Co ranks #356 out of 2499 companies for ROC (Joel Greenblatt) %. This places DOWA Holdings Co in the top 14% of its industry — outperforming the majority of peers. Historically, DOWA Holdings Co's own ROC (Joel Greenblatt) % has ranged from 9.30 to 20.58 over the past decade. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % 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 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 DOWA Holdings Co and its competitors. DOWA Holdings Co's current ROC (Joel Greenblatt) % is 45.39%, which is 280% above median its own 10-year median of 11.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DOWA Holdings Co stock overvalued right now?
DOWA Holdings Co (DWMNF) has a current ROC (Joel Greenblatt) % of 45.39%. The stock's GF Value™ is $38.66, compared to a current price of $62.00 — trading 60.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 45.39%, which is 280% above median its 10-year median of 11.94. DOWA Holdings Co's overall GF Score™ is 75/100 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 DOWA Holdings Co (DWMNF), the current ROC (Joel Greenblatt) % is 45.39% 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 DOWA Holdings Co (DWMNF) Overvalued in 2026?
Based on GuruFocus' analysis, DOWA Holdings Co stock appears to be overvalued.
The current stock price of $62.00 is trading 60.4% above its estimated GF Value™ of $38.66.
Key valuation signals for DWMNF:
ROC (Joel Greenblatt) %: 45.39% (280% above median its 10-year median of 11.94)
GF Value™: $38.66 vs. price of $62.00 (60.4% above fair value)
No single metric tells the full story. See the DWMNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DOWA Holdings Co Ltd is a Japanese conglomerate engaged in electronic materials, recycling, heat treatment, metal processing, and smelting businesses. The company operates five business segments. The Electronic Materials segment makes high-purity metals, semiconductor wafers, LEDs, batteries, and magnetic materials. The Environment/Recycling segment handles waste disposal, soil remediation, resource recovery, and logistics. The Heat Treatment segment provides metal surface treatment, processing equipment, and related services. The Metal Processing segment produces copper, brass, alloys, and circuit boards. The Smelting segment manufactures metals and chemicals, while Others covers real estate, construction, and technology. It generates the majority of its revenue from the Smelting segment.
75GF Score
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