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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. Furukawa Battery Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 1.24%.
The historical rank and industry rank for Furukawa Battery Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:FBB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.02 Med: 9.83 Max: 16.25
Current: 12.39
During the past 13 years, Furukawa Battery Co's highest ROC (Joel Greenblatt) % was 16.25%. The lowest was 6.02%. And the median was 9.83%.
FRA:FBB's ROC (Joel Greenblatt) % is not ranked
in the Vehicles & Parts industry.
Industry Median: 11.97
vs FRA:FBB: 12.39
Furukawa Battery Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.00% per year.
Furukawa Battery Co (FRA:FBB) 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.
Furukawa Battery Co ROC (Joel Greenblatt) % Related Terms
Furukawa Battery Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Furukawa Battery 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.
FRA:FBB vs ORLY, AZO, GPC: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Furukawa Battery 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.
Furukawa Battery Co ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Furukawa Battery Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Furukawa Battery Co's ROC (Joel Greenblatt) % falls into.
Furukawa Battery 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 (Sep. 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 1.24% mean?
Furukawa Battery Co (FRA:FBB) has a ROC (Joel Greenblatt) % of 1.24% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Furukawa Battery Co and its competitors. This is 87% below median its historical median of 9.83. Over the past decade, Furukawa Battery Co's ROC (Joel Greenblatt) % has ranged from 6.02 to 16.25.
Is Furukawa Battery Co's ROC (Joel Greenblatt) % too high?
Furukawa Battery Co's current ROC (Joel Greenblatt) % of 1.24% is 87% below median its 10-year median of 9.83. Over the past 10 years, this metric has ranged from a low of 6.02 to a high of 16.25. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.97. Furukawa Battery Co's value of 1.24% is 89.6% below this industry median. Overall, Furukawa Battery Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Furukawa Battery Co's ROC (Joel Greenblatt) % compare to ORLY and AZO?
Furukawa Battery Co's ROC (Joel Greenblatt) % of 1.24% can be compared against companies in the Vehicles & Parts industry. The industry median ROC (Joel Greenblatt) % is 11.97. Furukawa Battery Co's value of 1.24% is 89.6% below this benchmark. Historically, Furukawa Battery Co's own ROC (Joel Greenblatt) % has ranged from 6.02 to 16.25 over the past decade. While the company's 10-year median is 9.83 vs. the industry median of 11.97, Furukawa Battery Co 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.97, based on 1,332 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. Furukawa Battery Co's current ROC (Joel Greenblatt) % of 1.24% is 89.6% 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 Furukawa Battery Co and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Furukawa Battery Co's current ROC (Joel Greenblatt) % is 1.24%, which is 87% below median its own 10-year median of 9.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Furukawa Battery Co stock overvalued right now?
Furukawa Battery Co (FRA:FBB) has a current ROC (Joel Greenblatt) % of 1.24%. The stock's GF Value™ is €7.41, compared to a current price of €7.30 — trading 1.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1.24%, which is 87% below median its 10-year median of 9.83 and 89.6% below the Vehicles & Parts industry median of 11.97. Furukawa Battery Co's overall GF Score™ is 17/100 with 5 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 Furukawa Battery Co (FRA:FBB), the current ROC (Joel Greenblatt) % is 1.24% as of Sep. 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 Furukawa Battery Co (FRA:FBB) Overvalued in 2026?
Based on GuruFocus' analysis, Furukawa Battery Co stock appears to be undervalued.
The current stock price of €7.30 is trading 1.5% below its estimated GF Value™ of €7.41.
Key valuation signals for FRA:FBB:
ROC (Joel Greenblatt) %: 1.24% (87% below median its 10-year median of 9.83)
GF Value™: €7.41 vs. price of €7.30 (1.5% below fair value)
Industry Position: 89.6% below the Vehicles & Parts median
No single metric tells the full story. See the FRA:FBB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Furukawa Battery Co Ltd manufactures batteries for automobile, industrial infrastructure, disaster prevention and train, aircraft and space development industries. Automobile segment manufactures batteries for k-cars, mid-size cars, large size cars and motorcycles and also for hybrid and iss cars. Industrial infrastructure segment encompasses storage batteries combined with various power supply devices. Its products are the lead acid storage battery, alkaline storage battery, solar power generation systems for industrial use, battery condition watcher, automotive batteries, motorcycle battery, railway carrier batteries, cycle service storage batteries and power supplies. Automobile segment generates most of the revenues for the company.
17GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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