Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kaneso CoNGO:5979 72 ROC (Joel Greenblatt) % is 16.90% as of Mar. 2026, which is 98% above its 10-year median of 8.54. GuruFocus rates NGO:5979 with a GF Score™ of 72/100 and a GF Value™ of 円4,629.11 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 630 Steel companies, Kaneso Co ranks better than 69.52% 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. Kaneso Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.90%.
The historical rank and industry rank for Kaneso Co's ROC (Joel Greenblatt) % or its related term are showing as below:
NGO:5979'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.8 Med: 8.54 Max: 22.78
Current: 13.79
During the past 13 years, Kaneso Co's highest ROC (Joel Greenblatt) % was 22.78%. The lowest was 1.80%. And the median was 8.54%.
NGO:5979's ROC (Joel Greenblatt) % is ranked better than 69.52% of 630
companies
in the Steel industry
Industry Median: 8.47
vs NGO:5979: 13.79
Kaneso Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 51.20% per year.
Kaneso Co (NGO:5979) 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 Kaneso 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:5979 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Kaneso 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.
Kaneso Co ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Kaneso Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kaneso 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 16.90% mean?
Kaneso Co (NGO:5979) has a ROC (Joel Greenblatt) % of 16.90% 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 Kaneso Co and its competitors. This is 98% above median its historical median of 8.54. Over the past decade, Kaneso Co's ROC (Joel Greenblatt) % has ranged from 1.80 to 22.78. According to the industry distribution chart, Kaneso Co ranks #192 out of 630 companies in the Steel industry, placing it in the top 30.5%.
Is Kaneso Co's ROC (Joel Greenblatt) % too high?
Kaneso Co's current ROC (Joel Greenblatt) % of 16.90% is 98% above median its 10-year median of 8.54. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 22.78. The Steel industry median ROC (Joel Greenblatt) % is 8.47. Kaneso Co's value of 16.90% is 99.5% above this industry median. Based on the distribution chart, Kaneso Co ranks #192 out of 630 companies in the Steel industry, which is above the industry midpoint. Overall, Kaneso Co has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kaneso Co's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Kaneso Co ranks #192 out of 630 companies for ROC (Joel Greenblatt) %. This puts Kaneso Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.47. Kaneso Co's value of 16.90% is 99.5% above this benchmark. Historically, Kaneso Co's own ROC (Joel Greenblatt) % has ranged from 1.80 to 22.78 over the past decade. While the company's 10-year median is 8.54 vs. the industry median of 8.47, Kaneso 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 8.47, based on 630 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. Kaneso Co's current ROC (Joel Greenblatt) % of 16.90% is 99.5% 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 Kaneso Co and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 8.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaneso Co's current ROC (Joel Greenblatt) % is 16.90%, which is 98% above median its own 10-year median of 8.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaneso Co stock overvalued right now?
Based on GuruFocus' analysis, Kaneso Co (NGO:5979) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,629.11, compared to a current price of 円5,290.00 — trading 14.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.90%, which is 98% above median its 10-year median of 8.54 and 99.5% above the Steel industry median of 8.47. Kaneso Co's overall GF Score™ is 72/100 with 6 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 Kaneso Co (NGO:5979), the current ROC (Joel Greenblatt) % is 16.90% 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 Kaneso Co (NGO:5979) Overvalued in 2026?
Based on GuruFocus' analysis, Kaneso Co stock appears to be overvalued.
The current stock price of 円5,290.00 is trading 14.3% above its estimated GF Value™ of 円4,629.11.
GuruFocus considers Kaneso Co to be Modestly Overvalued.
Key valuation signals for NGO:5979:
ROC (Joel Greenblatt) %: 16.90% (98% above median its 10-year median of 8.54)
GF Value™: 円4,629.11 vs. price of 円5,290.00 (14.3% above fair value)
Industry Position: 99.5% above the Steel median (#192 of 630)
No single metric tells the full story. See the NGO:5979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaneso Co Ltd is the manufacturer and seller of construction, disaster prevention, urban landscape development, environmental, welfare, greening-related products, and industrial castings. The company generates revenue from Cast iron equipment, Steel equipment, and Fabricated hardware.
72GF Score
Get the complete analysis for NGO:5979
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGO:5979 has been successfully added to your 
