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Murata Manufacturing CoMRAAF +3.21%70 ROC (Joel Greenblatt) % is 17.49% as of Mar. 2026, which is 6% below its 10-year median of 18.59. GuruFocus rates MRAAF with a GF Score™ of 70/100 and a GF Value™ of $21.76 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,491 Hardware companies, Murata Manufacturing Co ranks better than 61.26% 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. Murata Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.49%.
The historical rank and industry rank for Murata Manufacturing Co's ROC (Joel Greenblatt) % or its related term are showing as below:
MRAAF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.16 Med: 18.59 Max: 26.96
Current: 16.55
During the past 13 years, Murata Manufacturing Co's highest ROC (Joel Greenblatt) % was 26.96%. The lowest was 13.16%. And the median was 18.59%.
MRAAF's ROC (Joel Greenblatt) % is ranked better than 61.26% of 2491
companies
in the Hardware industry
Industry Median: 10.49
vs MRAAF: 16.55
Murata Manufacturing Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.00% per year.
Murata Manufacturing Co (OTCPK:MRAAF) 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.
Murata Manufacturing Co ROC (Joel Greenblatt) % Related Terms
Murata Manufacturing Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Murata Manufacturing 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.
Murata Manufacturing Co ROC (Joel Greenblatt) % Chart
MRAAF vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Murata Manufacturing 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.
Murata Manufacturing Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Murata Manufacturing Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Murata Manufacturing Co's ROC (Joel Greenblatt) % falls into.
Murata Manufacturing 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 (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 17.49% mean?
Murata Manufacturing Co (MRAAF) has a ROC (Joel Greenblatt) % of 17.49% 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 Murata Manufacturing Co and its competitors. This is near median its historical median of 18.59. Over the past decade, Murata Manufacturing Co's ROC (Joel Greenblatt) % has ranged from 13.16 to 26.96. According to the industry distribution chart, Murata Manufacturing Co ranks #965 out of 2491 companies in the Hardware industry, placing it in the top 38.7%.
Is Murata Manufacturing Co's ROC (Joel Greenblatt) % too high?
Murata Manufacturing Co's current ROC (Joel Greenblatt) % of 17.49% is near median its 10-year median of 18.59. Over the past 10 years, this metric has ranged from a low of 13.16 to a high of 26.96. The Hardware industry median ROC (Joel Greenblatt) % is 10.49. Murata Manufacturing Co's value of 17.49% is 66.7% above this industry median. Based on the distribution chart, Murata Manufacturing Co ranks #965 out of 2491 companies in the Hardware industry, which is above the industry midpoint. Overall, Murata Manufacturing Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Murata Manufacturing Co's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Murata Manufacturing Co ranks #965 out of 2491 companies for ROC (Joel Greenblatt) %. This puts Murata Manufacturing Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.49. Murata Manufacturing Co's value of 17.49% is 66.7% above this benchmark. Historically, Murata Manufacturing Co's own ROC (Joel Greenblatt) % has ranged from 13.16 to 26.96 over the past decade. While the company's 10-year median is 18.59 vs. the industry median of 10.49, Murata Manufacturing 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 10.49, based on 2,491 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. Murata Manufacturing Co's current ROC (Joel Greenblatt) % of 17.49% is 66.7% 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 Murata Manufacturing Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Murata Manufacturing Co's current ROC (Joel Greenblatt) % is 17.49%, which is near median its own 10-year median of 18.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murata Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Murata Manufacturing Co (MRAAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.76, compared to a current price of $45.89 — trading 110.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 17.49%, which is near median its 10-year median of 18.59 and 66.7% above the Hardware industry median of 10.49. Murata Manufacturing Co's overall GF Score™ is 70/100 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 Murata Manufacturing Co (MRAAF), the current ROC (Joel Greenblatt) % is 17.49% 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 Murata Manufacturing Co (MRAAF) Overvalued in 2026?
Based on GuruFocus' analysis, Murata Manufacturing Co stock appears to be overvalued.
The current stock price of $45.89 is trading 110.9% above its estimated GF Value™ of $21.76.
GuruFocus considers Murata Manufacturing Co to be Significantly Overvalued.
Key valuation signals for MRAAF:
ROC (Joel Greenblatt) %: 17.49% (near median its 10-year median of 18.59)
GF Value™: $21.76 vs. price of $45.89 (110.9% above fair value)
Industry Position: 66.7% above the Hardware median (#965 of 2491)
No single metric tells the full story. See the MRAAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Murata Manufacturing produces passive components for electronic devices. Passive components are necessary for all electronic circuits, used to enable wireless communication, store electricity and handle electric flow, remove electromagnetic noise from circuits, and so on. Thus, passive components are imperative for electronic circuits. For instance, one high-end smartphone contains more than 1,000 passive components. Murata Manufacturing is the world's leading supplier of passive components, such as MLCC and SAW filters.
70GF Score
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