Nippon Carbon CoNCRBF 82 ROC (Joel Greenblatt) % is 5.98% as of Dec. 2025, which is 60% below its 10-year median of 14.82. GuruFocus rates NCRBF with a GF Score™ of 82/100 and a GF Value™ of $28.80 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,601 Chemicals companies, Nippon Carbon Co ranks better than 68.52% 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. Nippon Carbon Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.98%.
The historical rank and industry rank for Nippon Carbon Co's ROC (Joel Greenblatt) % or its related term are showing as below:
NCRBF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.45 Med: 14.82 Max: 51.24
Current: 16.23
During the past 13 years, Nippon Carbon Co's highest ROC (Joel Greenblatt) % was 51.24%. The lowest was -14.45%. And the median was 14.82%.
NCRBF's ROC (Joel Greenblatt) % is ranked better than 68.52% of 1601
companies
in the Chemicals industry
Industry Median: 9.38
vs NCRBF: 16.23
Nippon Carbon Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 15.90% per year.
Nippon Carbon Co (OTCPK:NCRBF) 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.
Nippon Carbon Co ROC (Joel Greenblatt) % Related Terms
Nippon Carbon Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nippon Carbon 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.
NCRBF vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Nippon Carbon 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.
Nippon Carbon Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nippon Carbon Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nippon Carbon Co's ROC (Joel Greenblatt) % falls into.
Nippon Carbon 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 (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 5.98% mean?
Nippon Carbon Co (NCRBF) has a ROC (Joel Greenblatt) % of 5.98% 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 Nippon Carbon Co and its competitors. This is 60% below median its historical median of 14.82. According to the industry distribution chart, Nippon Carbon Co ranks #504 out of 1601 companies in the Chemicals industry, placing it in the top 31.5%.
Is Nippon Carbon Co's ROC (Joel Greenblatt) % too high?
Nippon Carbon Co's current ROC (Joel Greenblatt) % of 5.98% is 60% below median its 10-year median of 14.82. The Chemicals industry median ROC (Joel Greenblatt) % is 9.38. Nippon Carbon Co's value of 5.98% is 36.2% below this industry median. Based on the distribution chart, Nippon Carbon Co ranks #504 out of 1601 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nippon Carbon Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Carbon Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nippon Carbon Co ranks #504 out of 1601 companies for ROC (Joel Greenblatt) %. This puts Nippon Carbon Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.38. Nippon Carbon Co's value of 5.98% is 36.2% below this benchmark. While the company's 10-year median is 14.82 vs. the industry median of 9.38, Nippon Carbon 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.38, based on 1,601 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. Nippon Carbon Co's current ROC (Joel Greenblatt) % of 5.98% is 36.2% 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 Nippon Carbon Co 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. Nippon Carbon Co's current ROC (Joel Greenblatt) % is 5.98%, which is 60% below median its own 10-year median of 14.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Carbon Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Carbon Co (NCRBF) is currently considered Fairly Valued. The stock's GF Value™ is $28.80, compared to a current price of $27.63 — trading 4.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 5.98%, which is 60% below median its 10-year median of 14.82 and 36.2% below the Chemicals industry median of 9.38. Nippon Carbon Co's overall GF Score™ is 82/100 with 8 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 Nippon Carbon Co (NCRBF), the current ROC (Joel Greenblatt) % is 5.98% 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 Nippon Carbon Co (NCRBF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Carbon Co stock appears to be undervalued.
The current stock price of $27.63 is trading 4.1% below its estimated GF Value™ of $28.80.
GuruFocus considers Nippon Carbon Co to be Fairly Valued.
Key valuation signals for NCRBF:
ROC (Joel Greenblatt) %: 5.98% (60% below median its 10-year median of 14.82)
GF Value™: $28.80 vs. price of $27.63 (4.1% below fair value)
Industry Position: 36.2% below the Chemicals median (#504 of 1601)
No single metric tells the full story. See the NCRBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Carbon Co Ltd engages in the manufacture and sale of carbon products. It provides products in following categories: Carbon Products, Silicon carbide products, and Others. The Carbon Products include artificial graphite electrode, impervious graphite products, isotropic high purity graphite products, a machine for graphite products, general purpose carbon fibers, and graphite fibers, containing resin graphite fibers made of packing, flexible graphite sealing material, and node material for lithium ion battery. Silicon carbide products are involved in the development and sale of ceramic matrix composite. Other category deals with manufacturing industrial machinery, mechanical repair, building and parking leasing.
82GF Score
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