ChiyodaFRA:CYA 64 ROC (Joel Greenblatt) % is 2,507.19% as of Dec. 2025, which is 4009% above its 10-year median of 61.02. GuruFocus rates FRA:CYA with a GF Score™ of 64/100 and a GF Value™ of €1.77 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,775 Construction companies, Chiyoda ranks better than 98.08% 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. Chiyoda's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2,507.19%.
The historical rank and industry rank for Chiyoda's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:CYA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1630.8 Med: 61.02 Max: 925.17
Current: 925.17
During the past 13 years, Chiyoda's highest ROC (Joel Greenblatt) % was 925.17%. The lowest was -1630.80%. And the median was 61.02%.
FRA:CYA's ROC (Joel Greenblatt) % is ranked better than 98.08% of 1775
companies
in the Construction industry
Industry Median: 19.38
vs FRA:CYA: 925.17
Chiyoda'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.
The historical data trend for Chiyoda'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.
FRA:CYA vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Chiyoda'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.
Chiyoda ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Chiyoda's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chiyoda'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 (Dec. 2025) 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 2,507.19% mean?
Chiyoda (FRA:CYA) has a ROC (Joel Greenblatt) % of 2,507.19% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Chiyoda and its competitors. This is 4009% above median its historical median of 61.02. According to the industry distribution chart, Chiyoda ranks #34 out of 1775 companies in the Construction industry, placing it in the top 1.9%.
Is Chiyoda's ROC (Joel Greenblatt) % too high?
Chiyoda's current ROC (Joel Greenblatt) % of 2,507.19% is 4009% above median its 10-year median of 61.02. The Construction industry median ROC (Joel Greenblatt) % is 19.38. Chiyoda's value of 2,507.19% is 12837% above this industry median. Based on the distribution chart, Chiyoda ranks #34 out of 1775 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Chiyoda has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chiyoda's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Chiyoda ranks #34 out of 1775 companies for ROC (Joel Greenblatt) %. This places Chiyoda in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.38. Chiyoda's value of 2,507.19% is 12837% above this benchmark. While the company's 10-year median is 61.02 vs. the industry median of 19.38, Chiyoda 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.38, based on 1,775 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. Chiyoda's current ROC (Joel Greenblatt) % of 2,507.19% is 12837% 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 Chiyoda and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chiyoda's current ROC (Joel Greenblatt) % is 2,507.19%, which is 4009% above median its own 10-year median of 61.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chiyoda stock overvalued right now?
Based on GuruFocus' analysis, Chiyoda (FRA:CYA) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.77, compared to a current price of €3.62 — trading 104.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 2,507.19%, which is 4009% above median its 10-year median of 61.02 and 12837% above the Construction industry median of 19.38. Chiyoda's overall GF Score™ is 64/100 with 1 warning sign 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 Chiyoda (FRA:CYA), the current ROC (Joel Greenblatt) % is 2,507.19% as of Dec. 2025. 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 Chiyoda (FRA:CYA) Overvalued in 2026?
Based on GuruFocus' analysis, Chiyoda stock appears to be overvalued.
The current stock price of €3.62 is trading 104.5% above its estimated GF Value™ of €1.77.
GuruFocus considers Chiyoda to be Significantly Overvalued.
Key valuation signals for FRA:CYA:
ROC (Joel Greenblatt) %: 2,507.19% (4009% above median its 10-year median of 61.02)
GF Value™: €1.77 vs. price of €3.62 (104.5% above fair value)
Industry Position: 12837% above the Construction median (#34 of 1775)
No single metric tells the full story. See the FRA:CYA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chiyoda Corp offers engineering, procurement, and construction, or EPC, services to the energy and chemical industries. The Japanese firm is involved in two main areas of activity: energy and environment. Its energy segment involves constructing liquefied natural gas plants and other gas-related facilities. Chiyoda also provides EPC, operation, expansion, and improvement services to petrochemical and metal firms through this business. The environment segment includes EPC work on pharmaceutical manufacturers as well as preservation technology offerings like air pollution control and wastewater treatment. Chiyoda uses artificial intelligence technology to optimize plant operations in their digital transformation business. It earns the majority of its total revenue overseas.
64GF Score
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