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The Japan Steel WorksJPSWY +0.13%81 ROC (Joel Greenblatt) % is 19.67% as of Mar. 2026, which is 3% below its 10-year median of 20.34. GuruFocus rates JPSWY with a GF Score™ of 81/100 and a GF Value™ of $20.55 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 3,066 Industrial Products companies, The Japan Steel Works ranks better than 68.59% 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. The Japan Steel Works's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.67%.
The historical rank and industry rank for The Japan Steel Works's ROC (Joel Greenblatt) % or its related term are showing as below:
JPSWY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.7 Med: 20.34 Max: 46.15
Current: 21.5
During the past 13 years, The Japan Steel Works's highest ROC (Joel Greenblatt) % was 46.15%. The lowest was -7.70%. And the median was 20.34%.
JPSWY's ROC (Joel Greenblatt) % is ranked better than 68.59% of 3066
companies
in the Industrial Products industry
Industry Median: 11.745
vs JPSWY: 21.50
The Japan Steel Works's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.80% per year.
The Japan Steel Works (OTCPK:JPSWY) 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 Japan Steel Works ROC (Joel Greenblatt) % Related Terms
The Japan Steel Works ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for The Japan Steel Works'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.
The Japan Steel Works ROC (Joel Greenblatt) % Chart
JPSWY vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, The Japan Steel Works'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.
The Japan Steel Works ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, The Japan Steel Works's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where The Japan Steel Works's ROC (Joel Greenblatt) % falls into.
The Japan Steel Works 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 19.67% mean?
The Japan Steel Works (JPSWY) has a ROC (Joel Greenblatt) % of 19.67% 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 The Japan Steel Works and its competitors. This is near median its historical median of 20.34. According to the industry distribution chart, The Japan Steel Works ranks #963 out of 3066 companies in the Industrial Products industry, placing it in the top 31.4%.
Is The Japan Steel Works' ROC (Joel Greenblatt) % too high?
The Japan Steel Works' current ROC (Joel Greenblatt) % of 19.67% is near median its 10-year median of 20.34. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.75. The Japan Steel Works' value of 19.67% is 67.5% above this industry median. Based on the distribution chart, The Japan Steel Works ranks #963 out of 3066 companies in the Industrial Products industry, which is above the industry midpoint. Overall, The Japan Steel Works has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Japan Steel Works' ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, The Japan Steel Works ranks #963 out of 3066 companies for ROC (Joel Greenblatt) %. This puts The Japan Steel Works in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.75. The Japan Steel Works' value of 19.67% is 67.5% above this benchmark. While the company's 10-year median is 20.34 vs. the industry median of 11.75, The Japan Steel Works 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.75, based on 3,066 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. The Japan Steel Works's current ROC (Joel Greenblatt) % of 19.67% is 67.5% 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 The Japan Steel Works and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Japan Steel Works's current ROC (Joel Greenblatt) % is 19.67%, which is near median its own 10-year median of 20.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Japan Steel Works stock overvalued right now?
Based on GuruFocus' analysis, The Japan Steel Works (JPSWY) is currently considered Modestly Overvalued. The stock's GF Value™ is $20.55, compared to a current price of $23.69 — trading 15.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 19.67%, which is near median its 10-year median of 20.34 and 67.5% above the Industrial Products industry median of 11.75. The Japan Steel Works' overall GF Score™ is 81/100 with 2 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 The Japan Steel Works (JPSWY), the current ROC (Joel Greenblatt) % is 19.67% 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 The Japan Steel Works (JPSWY) Overvalued in 2026?
Based on GuruFocus' analysis, The Japan Steel Works stock appears to be overvalued.
The current stock price of $23.69 is trading 15.3% above its estimated GF Value™ of $20.55.
GuruFocus considers The Japan Steel Works to be Modestly Overvalued.
Key valuation signals for JPSWY:
ROC (Joel Greenblatt) %: 19.67% (near median its 10-year median of 20.34)
GF Value™: $20.55 vs. price of $23.69 (15.3% above fair value)
Industry Position: 67.5% above the Industrial Products median (#963 of 3066)
No single metric tells the full story. See the JPSWY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Japan Steel Works Ltd provides industrial machinery as well as materials and engineering solutions in Japan and internationally. The company operates through two segments. The Industrial Machinery segment provides resin manufacturing and processing machinery, molding machines, defense-related equipment, and other industrial machinery. The Materials and Engineering segment covers raw material products and engineering operations. The Other segment includes the film deposition business, crystal business, and related activities. It generates the majority of its revenue from the Industrial machinery business segment.
81GF Score
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