Ibiden CoIBIDF 69 ROC (Joel Greenblatt) % is 42.59% as of Mar. 2026, which is 240% above its 10-year median of 12.53. GuruFocus rates IBIDF with a GF Score™ of 69/100 and a GF Value™ of $26.36 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,493 Hardware companies, Ibiden Co ranks better than 67.51% 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. Ibiden Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 42.59%.
The historical rank and industry rank for Ibiden Co's ROC (Joel Greenblatt) % or its related term are showing as below:
IBIDF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -27.69 Med: 12.53 Max: 23.61
Current: 20.2
During the past 13 years, Ibiden Co's highest ROC (Joel Greenblatt) % was 23.61%. The lowest was -27.69%. And the median was 12.53%.
IBIDF's ROC (Joel Greenblatt) % is ranked better than 67.51% of 2493
companies
in the Hardware industry
Industry Median: 10.35
vs IBIDF: 20.20
Ibiden Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.30% per year.
Ibiden Co (OTCPK:IBIDF) 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.
The historical data trend for Ibiden 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.
IBIDF vs APH, GLW: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Ibiden 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.
Ibiden Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Ibiden Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ibiden 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 42.59% mean?
Ibiden Co (IBIDF) has a ROC (Joel Greenblatt) % of 42.59% 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 Ibiden Co and its competitors. This is 240% above median its historical median of 12.53. According to the industry distribution chart, Ibiden Co ranks #810 out of 2493 companies in the Hardware industry, placing it in the top 32.5%.
Is Ibiden Co's ROC (Joel Greenblatt) % too high?
Ibiden Co's current ROC (Joel Greenblatt) % of 42.59% is 240% above median its 10-year median of 12.53. The Hardware industry median ROC (Joel Greenblatt) % is 10.35. Ibiden Co's value of 42.59% is 311.5% above this industry median. Based on the distribution chart, Ibiden Co ranks #810 out of 2493 companies in the Hardware industry, which is above the industry midpoint. Overall, Ibiden Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ibiden Co's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Ibiden Co ranks #810 out of 2493 companies for ROC (Joel Greenblatt) %. This puts Ibiden Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.35. Ibiden Co's value of 42.59% is 311.5% above this benchmark. While the company's 10-year median is 12.53 vs. the industry median of 10.35, Ibiden 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.35, based on 2,493 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. Ibiden Co's current ROC (Joel Greenblatt) % of 42.59% is 311.5% 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 Ibiden Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ibiden Co's current ROC (Joel Greenblatt) % is 42.59%, which is 240% above median its own 10-year median of 12.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ibiden Co stock overvalued right now?
Based on GuruFocus' analysis, Ibiden Co (IBIDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.36, compared to a current price of $143.00 — trading 442.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 42.59%, which is 240% above median its 10-year median of 12.53 and 311.5% above the Hardware industry median of 10.35. Ibiden Co's overall GF Score™ is 69/100 with 7 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 Ibiden Co (IBIDF), the current ROC (Joel Greenblatt) % is 42.59% 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 Ibiden Co (IBIDF) Overvalued in 2026?
Based on GuruFocus' analysis, Ibiden Co stock appears to be overvalued.
The current stock price of $143.00 is trading 442.5% above its estimated GF Value™ of $26.36.
GuruFocus considers Ibiden Co to be Significantly Overvalued.
Key valuation signals for IBIDF:
ROC (Joel Greenblatt) %: 42.59% (240% above median its 10-year median of 12.53)
GF Value™: $26.36 vs. price of $143.00 (442.5% above fair value)
Industry Position: 311.5% above the Hardware median (#810 of 2493)
No single metric tells the full story. See the IBIDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ibiden Co Ltd is a provider of electronic and ceramic products. The company operates through three segments: Ceramic, Electron, and other. The Ceramic segment provides environment-related ceramics products, graphite and specialty products, ceramic fibre, and fine ceramics products. The Electron segment offers package substrates in computers, information technology infrastructure, mobile device wiring boards, mobile devices, and home appliances. The other segment includes the processing of agriculture, livestock, and fisheries, the sale of oil products, and synthetic resin production. It generates the majority of its revenue from the Electronic segment.
69GF Score
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