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Shinwa CoNGO:3447 71 ROC (Joel Greenblatt) % is 19.63% as of Mar. 2026, which is 35% below its 10-year median of 30.10. GuruFocus rates NGO:3447 with a GF Score™ of 71/100 and a GF Value™ of 円1,004.02. The stock has 5 warning signs investors should review. Among 3,065 Industrial Products companies, Shinwa Co ranks better than 69.33% 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. Shinwa Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.63%.
The historical rank and industry rank for Shinwa Co's ROC (Joel Greenblatt) % or its related term are showing as below:
NGO:3447'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.86 Med: 30.1 Max: 42.88
Current: 22.06
During the past 10 years, Shinwa Co's highest ROC (Joel Greenblatt) % was 42.88%. The lowest was 9.86%. And the median was 30.10%.
NGO:3447's ROC (Joel Greenblatt) % is ranked better than 69.33% of 3065
companies
in the Industrial Products industry
Industry Median: 11.74
vs NGO:3447: 22.06
Shinwa Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.60% per year.
Shinwa Co (NGO:3447) 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 Shinwa 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.
NGO:3447 vs CRS, ATI, MLI: ROC (Joel Greenblatt) % Comparison
For the Metal Fabrication subindustry, Shinwa 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.
Shinwa Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shinwa Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shinwa 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 two times the semi-annual (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 19.63% mean?
Shinwa Co (NGO:3447) has a ROC (Joel Greenblatt) % of 19.63% 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 Shinwa Co and its competitors. This is 35% below median its historical median of 30.10. Over the past decade, Shinwa Co's ROC (Joel Greenblatt) % has ranged from 9.86 to 42.88. According to the industry distribution chart, Shinwa Co ranks #940 out of 3065 companies in the Industrial Products industry, placing it in the top 30.7%.
Is Shinwa Co's ROC (Joel Greenblatt) % too high?
Shinwa Co's current ROC (Joel Greenblatt) % of 19.63% is 35% below median its 10-year median of 30.10. Over the past 10 years, this metric has ranged from a low of 9.86 to a high of 42.88. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.74. Shinwa Co's value of 19.63% is 67.2% above this industry median. Based on the distribution chart, Shinwa Co ranks #940 out of 3065 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shinwa Co has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Shinwa Co's ROC (Joel Greenblatt) % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Shinwa Co ranks #940 out of 3065 companies for ROC (Joel Greenblatt) %. This puts Shinwa Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.74. Shinwa Co's value of 19.63% is 67.2% above this benchmark. Historically, Shinwa Co's own ROC (Joel Greenblatt) % has ranged from 9.86 to 42.88 over the past decade. While the company's 10-year median is 30.10 vs. the industry median of 11.74, Shinwa 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.74, based on 3,065 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. Shinwa Co's current ROC (Joel Greenblatt) % of 19.63% is 67.2% 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 Shinwa Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinwa Co's current ROC (Joel Greenblatt) % is 19.63%, which is 35% below median its own 10-year median of 30.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Co stock overvalued right now?
Shinwa Co (NGO:3447) has a current ROC (Joel Greenblatt) % of 19.63%. The stock's GF Value™ is 円1,004.02, compared to a current price of 円886.00 — trading 11.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 19.63%, which is 35% below median its 10-year median of 30.10 and 67.2% above the Industrial Products industry median of 11.74. Shinwa Co's overall GF Score™ is 71/100 with 5 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 Shinwa Co (NGO:3447), the current ROC (Joel Greenblatt) % is 19.63% 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 Shinwa Co (NGO:3447) Overvalued in 2026?
Based on GuruFocus' analysis, Shinwa Co stock appears to be undervalued.
The current stock price of 円886.00 is trading 11.8% below its estimated GF Value™ of 円1,004.02.
Key valuation signals for NGO:3447:
ROC (Joel Greenblatt) %: 19.63% (35% below median its 10-year median of 30.10)
GF Value™: 円1,004.02 vs. price of 円886.00 (11.8% below fair value)
Industry Position: 67.2% above the Industrial Products median (#940 of 3065)
No single metric tells the full story. See the NGO:3447 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinwa Co Ltd is a Japan-based company offering temporary construction materials and distribution equipment. Products offered by the company include Shinwa catcher, Shinwa pallet, logistics equipment and other safety equipment such as preceding handrail safe hangers, baseboard safe angles, simple lift handling boxes.
71GF Score
Get the complete analysis for NGO:3447
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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