Ise ChemicalsICHMF 67 ROC (Joel Greenblatt) % is 24.82% as of Dec. 2025, which is 85% above its 10-year median of 13.40. GuruFocus rates ICHMF with a GF Score™ of 67/100 and a GF Value™ of $15.16 (Significantly Overvalued). Among 1,606 Chemicals companies, Ise Chemicals ranks better than 87.86% 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. Ise Chemicals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 24.82%.
The historical rank and industry rank for Ise Chemicals's ROC (Joel Greenblatt) % or its related term are showing as below:
ICHMF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.82 Med: 13.4 Max: 32.33
Current: 30.76
During the past 13 years, Ise Chemicals's highest ROC (Joel Greenblatt) % was 32.33%. The lowest was 1.82%. And the median was 13.40%.
ICHMF's ROC (Joel Greenblatt) % is ranked better than 87.86% of 1606
companies
in the Chemicals industry
Industry Median: 9.38
vs ICHMF: 30.76
Ise Chemicals's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 22.90% per year.
Ise Chemicals (OTCPK:ICHMF) 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.
Ise Chemicals ROC (Joel Greenblatt) % Related Terms
Ise Chemicals ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ise Chemicals'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.
ICHMF vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Ise Chemicals'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.
Ise Chemicals ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ise Chemicals's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ise Chemicals'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 24.82% mean?
Ise Chemicals (ICHMF) has a ROC (Joel Greenblatt) % of 24.82% 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 Ise Chemicals and its competitors. This is 85% above median its historical median of 13.40. Over the past decade, Ise Chemicals' ROC (Joel Greenblatt) % has ranged from 1.82 to 32.33. According to the industry distribution chart, Ise Chemicals ranks #195 out of 1606 companies in the Chemicals industry, placing it in the top 12.1%.
Is Ise Chemicals' ROC (Joel Greenblatt) % too high?
Ise Chemicals' current ROC (Joel Greenblatt) % of 24.82% is 85% above median its 10-year median of 13.40. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 32.33. The Chemicals industry median ROC (Joel Greenblatt) % is 9.38. Ise Chemicals' value of 24.82% is 164.6% above this industry median. Based on the distribution chart, Ise Chemicals ranks #195 out of 1606 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Ise Chemicals has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ise Chemicals' ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ise Chemicals ranks #195 out of 1606 companies for ROC (Joel Greenblatt) %. This places Ise Chemicals in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.38. Ise Chemicals' value of 24.82% is 164.6% above this benchmark. Historically, Ise Chemicals' own ROC (Joel Greenblatt) % has ranged from 1.82 to 32.33 over the past decade. While the company's 10-year median is 13.40 vs. the industry median of 9.38, Ise Chemicals 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.38, based on 1,606 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. Ise Chemicals's current ROC (Joel Greenblatt) % of 24.82% is 164.6% 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 Ise Chemicals and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ise Chemicals's current ROC (Joel Greenblatt) % is 24.82%, which is 85% above median its own 10-year median of 13.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ise Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Ise Chemicals (ICHMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.16, compared to a current price of $24.73 — trading 63.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.82%, which is 85% above median its 10-year median of 13.40 and 164.6% above the Chemicals industry median of 9.38. Ise Chemicals' overall GF Score™ is 67/100. 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 Ise Chemicals (ICHMF), the current ROC (Joel Greenblatt) % is 24.82% 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 Ise Chemicals (ICHMF) Overvalued in 2026?
Based on GuruFocus' analysis, Ise Chemicals stock appears to be overvalued.
The current stock price of $24.73 is trading 63.1% above its estimated GF Value™ of $15.16.
GuruFocus considers Ise Chemicals to be Significantly Overvalued.
Key valuation signals for ICHMF:
ROC (Joel Greenblatt) %: 24.82% (85% above median its 10-year median of 13.40)
GF Value™: $15.16 vs. price of $24.73 (63.1% above fair value)
Industry Position: 164.6% above the Chemicals median (#195 of 1606)
No single metric tells the full story. See the ICHMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ise Chemicals Corp engages in the production and distribution of iodine, metallic compounds, and natural gas. The company offers iodine for use in X-ray contrast media, pesticides, liquid crystal display polarizers, and laser beams. It also produces cobalt and nickel compounds for use in capacitors and lithium-ion batteries; and produces and supplies natural gas to gas companies and factories. Geographically, the company operates in Japan, Asia, America and Europe.
67GF Score
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