Nippon Paint Holdings CoNPCPF 85 ROC (Joel Greenblatt) % is 37.84% as of Mar. 2026, which is 20% above its 10-year median of 31.48. GuruFocus rates NPCPF with a GF Score™ of 85/100 and a GF Value™ of $8.04 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,602 Chemicals companies, Nippon Paint Holdings Co ranks better than 86.83% 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 Paint Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 37.84%.
The historical rank and industry rank for Nippon Paint Holdings Co's ROC (Joel Greenblatt) % or its related term are showing as below:
NPCPF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 24.27 Med: 31.48 Max: 46.72
Current: 29.16
During the past 13 years, Nippon Paint Holdings Co's highest ROC (Joel Greenblatt) % was 46.72%. The lowest was 24.27%. And the median was 31.48%.
NPCPF's ROC (Joel Greenblatt) % is ranked better than 86.83% of 1602
companies
in the Chemicals industry
Industry Median: 9.38
vs NPCPF: 29.16
Nippon Paint Holdings Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.80% per year.
Nippon Paint Holdings Co (OTCPK:NPCPF) 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 Paint Holdings Co ROC (Joel Greenblatt) % Related Terms
Nippon Paint Holdings Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nippon Paint Holdings 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.
Nippon Paint Holdings Co ROC (Joel Greenblatt) % Chart
NPCPF vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Nippon Paint Holdings 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 Paint Holdings Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nippon Paint Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nippon Paint Holdings Co's ROC (Joel Greenblatt) % falls into.
Nippon Paint Holdings 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 37.84% mean?
Nippon Paint Holdings Co (NPCPF) has a ROC (Joel Greenblatt) % of 37.84% 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 Nippon Paint Holdings Co and its competitors. This is 20% above median its historical median of 31.48. Over the past decade, Nippon Paint Holdings Co's ROC (Joel Greenblatt) % has ranged from 24.27 to 46.72. According to the industry distribution chart, Nippon Paint Holdings Co ranks #211 out of 1602 companies in the Chemicals industry, placing it in the top 13.2%.
Is Nippon Paint Holdings Co's ROC (Joel Greenblatt) % too high?
Nippon Paint Holdings Co's current ROC (Joel Greenblatt) % of 37.84% is 20% above median its 10-year median of 31.48. Over the past 10 years, this metric has ranged from a low of 24.27 to a high of 46.72. The Chemicals industry median ROC (Joel Greenblatt) % is 9.38. Nippon Paint Holdings Co's value of 37.84% is 303.4% above this industry median. Based on the distribution chart, Nippon Paint Holdings Co ranks #211 out of 1602 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Paint Holdings Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Paint Holdings Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nippon Paint Holdings Co ranks #211 out of 1602 companies for ROC (Joel Greenblatt) %. This places Nippon Paint Holdings Co in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.38. Nippon Paint Holdings Co's value of 37.84% is 303.4% above this benchmark. Historically, Nippon Paint Holdings Co's own ROC (Joel Greenblatt) % has ranged from 24.27 to 46.72 over the past decade. While the company's 10-year median is 31.48 vs. the industry median of 9.38, Nippon Paint Holdings 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.38, based on 1,602 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 Paint Holdings Co's current ROC (Joel Greenblatt) % of 37.84% is 303.4% 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 Nippon Paint Holdings 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 Paint Holdings Co's current ROC (Joel Greenblatt) % is 37.84%, which is 20% above median its own 10-year median of 31.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Paint Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Paint Holdings Co (NPCPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.04, compared to a current price of $6.99 — trading 13.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 37.84%, which is 20% above median its 10-year median of 31.48 and 303.4% above the Chemicals industry median of 9.38. Nippon Paint Holdings Co's overall GF Score™ is 85/100 with 3 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 Paint Holdings Co (NPCPF), the current ROC (Joel Greenblatt) % is 37.84% 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 Nippon Paint Holdings Co (NPCPF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Paint Holdings Co stock appears to be undervalued.
The current stock price of $6.99 is trading 13.1% below its estimated GF Value™ of $8.04.
GuruFocus considers Nippon Paint Holdings Co to be Modestly Undervalued.
Key valuation signals for NPCPF:
ROC (Joel Greenblatt) %: 37.84% (20% above median its 10-year median of 31.48)
GF Value™: $8.04 vs. price of $6.99 (13.1% below fair value)
Industry Position: 303.4% above the Chemicals median (#211 of 1602)
No single metric tells the full story. See the NPCPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Paint is a global paint company with operations in over 50 countries. About two-thirds of sales are in decorative paint, serving mostly residential and some commercial customers. It has the dominant share of the paint markets in China and some smaller Asian countries, as well as Australia. In other regions, it's often one of the three largest players. Its products are distributed via paint and home improvement retailers, some 300,000 distributors globally. Household brands include Nipsea, Nippon Paint, Dulux (in Asia, the Pacific, and Europe), British Paints, Betek Boya, and Alina, among others. About one-fourth of sales are in industrial coatings and paints. Here, customer groups include manufacturers of automotive and industrial products.
85GF Score
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