RNGOF (Rengo Co) ROC (Joel Greenblatt) %: -2.67% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

RNGOF Rengo Co Ltd RNGOF
81 GF Score
Price $5.50
GF Value $4.23
! 9 Warning Signs
View Full Analysis

What is Rengo Co ROC (Joel Greenblatt) %?

Rengo Co RNGOF 81 ROC (Joel Greenblatt) % is -2.67% as of Mar. 2026. GuruFocus rates RNGOF with a GF Score™ of 81/100 and a GF Value™ of $4.23. The stock has 9 warning signs investors should review. Among 400 Packaging & Containers companies, Rengo Co ranks worse than 58.25% 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. Rengo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.67%.

The historical rank and industry rank for Rengo Co's ROC (Joel Greenblatt) % or its related term are showing as below:

RNGOF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.39   Med: 7.38   Max: 10.55
Current: 6.86

During the past 13 years, Rengo Co's highest ROC (Joel Greenblatt) % was 10.55%. The lowest was 6.39%. And the median was 7.38%.

RNGOF's ROC (Joel Greenblatt) % is ranked worse than
58.25% of 400 companies
in the Packaging & Containers industry
Industry Median: 8.88 vs RNGOF: 6.86

Rengo Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.50% per year.


Rengo Co  (OTCPK:RNGOF) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Rengo Co ROC (Joel Greenblatt) % Related Terms


Rengo Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Rengo 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.

Rengo Co ROC (Joel Greenblatt) % Chart

Rengo Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.88 6.03 9.04 7.61 6.71

Rengo Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.73 6.94 5.98 16.83 -2.67

RNGOF vs SW, PKG, IP: ROC (Joel Greenblatt) % Comparison

For the Packaging & Containers subindustry, Rengo 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.


Rengo Co ROC (Joel Greenblatt) % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Rengo Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Rengo Co's ROC (Joel Greenblatt) % falls into.


RNGOF
81GF Score
Rengo Co Ltd RNGOF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rengo 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2012.43 + 692.223 + 106.61) - (1132.38 + 0 + 542.353)
=1136.53

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1780.478 + 692.394 + 97.628999999999) - (1026.211 + 0 + 538.547)
=1005.743

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Rengo Co for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-121.904/( ( (3472.738 + max(1136.53, 0)) + (3526.371 + max(1005.743, 0)) )/ 2 )
=-121.904/( ( 4609.268 + 4532.114 )/ 2 )
=-121.904/4570.691
=-2.67 %

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 -2.67% mean?
Rengo Co (RNGOF) has a ROC (Joel Greenblatt) % of -2.67% 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 Rengo Co and its competitors. Over the past decade, Rengo Co's ROC (Joel Greenblatt) % has ranged from 6.39 to 10.55. According to the industry distribution chart, Rengo Co ranks #233 out of 400 companies in the Packaging & Containers industry, placing it in the top 58.2%.
Is Rengo Co's ROC (Joel Greenblatt) % too high?
Rengo Co's current ROC (Joel Greenblatt) % is -2.67%. Over the past 10 years, this metric has ranged from a low of 6.39 to a high of 10.55. Based on the distribution chart, Rengo Co ranks #233 out of 400 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Rengo Co has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Rengo Co's ROC (Joel Greenblatt) % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Rengo Co ranks #233 out of 400 companies for ROC (Joel Greenblatt) %. This places Rengo Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.88. Historically, Rengo Co's own ROC (Joel Greenblatt) % has ranged from 6.39 to 10.55 over the past decade. 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 Packaging & Containers company?
The median ROC (Joel Greenblatt) % among Packaging & Containers companies is 8.88, based on 400 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. 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 Rengo Co and its competitors. For the Packaging & Containers industry, the median ROC (Joel Greenblatt) % is 8.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rengo Co's current ROC (Joel Greenblatt) % is -2.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rengo Co stock overvalued right now?
Rengo Co (RNGOF) has a current ROC (Joel Greenblatt) % of -2.67%. The stock's GF Value™ is $4.23, compared to a current price of $5.50 — trading 30% above its estimated fair value. The current ROC (Joel Greenblatt) % is -2.67%. Rengo Co's overall GF Score™ is 81/100 with 9 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 Rengo Co (RNGOF), the current ROC (Joel Greenblatt) % is -2.67% 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 Rengo Co (RNGOF) Overvalued in 2026?

Based on GuruFocus' analysis, Rengo Co stock appears to be overvalued. The current stock price of $5.50 is trading 30% above its estimated GF Value™ of $4.23.

Key valuation signals for RNGOF:

  • ROC (Joel Greenblatt) %: -2.67%
  • GF Value™: $4.23 vs. price of $5.50 (30% above fair value)
  • GF Score™: 81/100 with 9 warning signs

No single metric tells the full story. See the RNGOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rengo Co Business Description

Other Exchanges 3941:Japan
Address 2-2-7 Nakanoshima Kita-ku, Osaka, JPN, 530-0005
Rengo Co Ltd manufactures and sells a variety of packaging products. The firm organizes itself into four segments based on product type. The paperboard and packaging segment, which generates the majority of revenue, sells corrugated packaging and boxes used to package food and agricultural products. The flexible packaging segment sells films, labels, and cellophane mainly used for food and beverage packaging. The heavy duty packaging segment sells plastic and paper container bags used by the agricultural, transportation, and chemicals industries. The overseas business sells packaging products outside of Japan. The majority of revenue comes from Japan.
81GF Score

Get the complete analysis for RNGOF

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.50
Price
$4.23
GF Value