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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. Nihon Chouzai Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 3.71%.
The historical rank and industry rank for Nihon Chouzai Co's ROC (Joel Greenblatt) % or its related term are showing as below:
NHCZF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.25 Med: 10.68 Max: 19.99
Current: 3.25
During the past 13 years, Nihon Chouzai Co's highest ROC (Joel Greenblatt) % was 19.99%. The lowest was 3.25%. And the median was 10.68%.
NHCZF's ROC (Joel Greenblatt) % is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 12.43
vs NHCZF: 3.25
Nihon Chouzai Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -18.10% per year.
Nihon Chouzai Co (OTCPK:NHCZF) 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.
Nihon Chouzai Co ROC (Joel Greenblatt) % Related Terms
Nihon Chouzai Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nihon Chouzai 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.
Nihon Chouzai Co ROC (Joel Greenblatt) % Competitor Comparison
For the Pharmaceutical Retailers subindustry, Nihon Chouzai 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.
Nihon Chouzai Co ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Nihon Chouzai Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nihon Chouzai Co's ROC (Joel Greenblatt) % falls into.
Nihon Chouzai 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 (Sep. 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 3.71% mean?
Nihon Chouzai Co (NHCZF) has a ROC (Joel Greenblatt) % of 3.71% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Nihon Chouzai Co and its competitors. This is 65% below median its historical median of 10.68. Over the past decade, Nihon Chouzai Co's ROC (Joel Greenblatt) % has ranged from 3.25 to 19.99.
Is Nihon Chouzai Co's ROC (Joel Greenblatt) % too high?
Nihon Chouzai Co's current ROC (Joel Greenblatt) % of 3.71% is 65% below median its 10-year median of 10.68. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 19.99. The Healthcare Providers & Services industry median ROC (Joel Greenblatt) % is 12.43. Nihon Chouzai Co's value of 3.71% is 70.2% below this industry median. Overall, Nihon Chouzai Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Nihon Chouzai Co's ROC (Joel Greenblatt) % compare to competitors?
Nihon Chouzai Co's ROC (Joel Greenblatt) % of 3.71% can be compared against companies in the Healthcare Providers & Services industry. The industry median ROC (Joel Greenblatt) % is 12.43. Nihon Chouzai Co's value of 3.71% is 70.2% below this benchmark. Historically, Nihon Chouzai Co's own ROC (Joel Greenblatt) % has ranged from 3.25 to 19.99 over the past decade. While the company's 10-year median is 10.68 vs. the industry median of 12.43, Nihon Chouzai 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 Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.43, based on 670 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. Nihon Chouzai Co's current ROC (Joel Greenblatt) % of 3.71% is 70.2% 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 Nihon Chouzai Co and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Chouzai Co's current ROC (Joel Greenblatt) % is 3.71%, which is 65% below median its own 10-year median of 10.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Chouzai Co stock overvalued right now?
Nihon Chouzai Co (NHCZF) has a current ROC (Joel Greenblatt) % of 3.71%. The stock's GF Value™ is $6.38, compared to a current price of $16.02 — trading 151.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3.71%, which is 65% below median its 10-year median of 10.68 and 70.2% below the Healthcare Providers & Services industry median of 12.43. Nihon Chouzai Co's overall GF Score™ is 9/100 with 10 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 Nihon Chouzai Co (NHCZF), the current ROC (Joel Greenblatt) % is 3.71% as of Sep. 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 Nihon Chouzai Co (NHCZF) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Chouzai Co stock appears to be overvalued.
The current stock price of $16.02 is trading 151.1% above its estimated GF Value™ of $6.38.
Key valuation signals for NHCZF:
ROC (Joel Greenblatt) %: 3.71% (65% below median its 10-year median of 10.68)
GF Value™: $6.38 vs. price of $16.02 (151.1% above fair value)
Industry Position: 70.2% below the Healthcare Providers & Services median
No single metric tells the full story. See the NHCZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Chouzai Co Ltd operates in the pharmaceutical industry. The company is organized into segments: Pharmacy, Pharmaceutical Manufacturing and Sales, and Healthcare Staffing Services and operates mainly from Japan. Through its operating segments, the firm manages a chain of pharmacies nationwide, manufactures and sells generic drugs, and provides staffing services that are specialized in pharmacy.
9GF Score
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