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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. Johnson Chemical Pharmaceutical Works Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 37.20%.
ROCO:4747'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.91 Med: 14.85 Max: 18.67
Current: 14.96
During the past 13 years, Johnson Chemical Pharmaceutical Works Co's highest ROC (Joel Greenblatt) % was 18.67%. The lowest was 8.91%. And the median was 14.85%.
ROCO:4747's ROC (Joel Greenblatt) % is ranked better than 57.03% of 982
companies
in the Drug Manufacturers industry
Industry Median: 11.28
vs ROCO:4747: 14.96
Johnson Chemical Pharmaceutical Works Co (ROCO:4747) 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.
* 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.
Johnson Chemical Pharmaceutical Works Co ROC (Joel Greenblatt) % Chart
Johnson Chemical Pharmaceutical Works Co Annual Data
ROCO:4747 vs ZTS: ROC (Joel Greenblatt) % Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Johnson Chemical Pharmaceutical Works 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.
Johnson Chemical Pharmaceutical Works Co ROC (Joel Greenblatt) % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Johnson Chemical Pharmaceutical Works Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Johnson Chemical Pharmaceutical Works Co's ROC (Joel Greenblatt) % falls into.
Johnson Chemical Pharmaceutical Works 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 37.20% mean?
Johnson Chemical Pharmaceutical Works Co (ROCO:4747) has a ROC (Joel Greenblatt) % of 37.20% 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 Johnson Chemical Pharmaceutical Works Co and its competitors. This is 151% above median its historical median of 14.85. Over the past decade, Johnson Chemical Pharmaceutical Works Co's ROC (Joel Greenblatt) % has ranged from 8.91 to 18.67. According to the industry distribution chart, Johnson Chemical Pharmaceutical Works Co ranks #422 out of 982 companies in the Drug Manufacturers industry, placing it in the top 43%.
Is Johnson Chemical Pharmaceutical Works Co's ROC (Joel Greenblatt) % too high?
Johnson Chemical Pharmaceutical Works Co's current ROC (Joel Greenblatt) % of 37.20% is 151% above median its 10-year median of 14.85. Over the past 10 years, this metric has ranged from a low of 8.91 to a high of 18.67. The Drug Manufacturers industry median ROC (Joel Greenblatt) % is 11.28. Johnson Chemical Pharmaceutical Works Co's value of 37.20% is 229.8% above this industry median. Based on the distribution chart, Johnson Chemical Pharmaceutical Works Co ranks #422 out of 982 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Johnson Chemical Pharmaceutical Works Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Johnson Chemical Pharmaceutical Works Co's ROC (Joel Greenblatt) % compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Johnson Chemical Pharmaceutical Works Co ranks #422 out of 982 companies for ROC (Joel Greenblatt) %. This puts Johnson Chemical Pharmaceutical Works Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.28. Johnson Chemical Pharmaceutical Works Co's value of 37.20% is 229.8% above this benchmark. Historically, Johnson Chemical Pharmaceutical Works Co's own ROC (Joel Greenblatt) % has ranged from 8.91 to 18.67 over the past decade. While the company's 10-year median is 14.85 vs. the industry median of 11.28, Johnson Chemical Pharmaceutical Works 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 Drug Manufacturers company?
The median ROC (Joel Greenblatt) % among Drug Manufacturers companies is 11.28, based on 982 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. Johnson Chemical Pharmaceutical Works Co's current ROC (Joel Greenblatt) % of 37.20% is 229.8% 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 Johnson Chemical Pharmaceutical Works Co and its competitors. For the Drug Manufacturers industry, the median ROC (Joel Greenblatt) % is 11.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Johnson Chemical Pharmaceutical Works Co's current ROC (Joel Greenblatt) % is 37.20%, which is 151% above median its own 10-year median of 14.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Johnson Chemical Pharmaceutical Works Co stock overvalued right now?
Based on GuruFocus' analysis, Johnson Chemical Pharmaceutical Works Co (ROCO:4747) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$61.80, compared to a current price of NT$49.90 — trading 19.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 37.20%, which is 151% above median its 10-year median of 14.85 and 229.8% above the Drug Manufacturers industry median of 11.28. Johnson Chemical Pharmaceutical Works Co's overall GF Score™ is 71/100 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 Johnson Chemical Pharmaceutical Works Co (ROCO:4747), the current ROC (Joel Greenblatt) % is 37.20% 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 Johnson Chemical Pharmaceutical Works Co (ROCO:4747) Overvalued in 2026?
Based on GuruFocus' analysis, Johnson Chemical Pharmaceutical Works Co stock appears to be undervalued.
The current stock price of NT$49.90 is trading 19.3% below its estimated GF Value™ of NT$61.80.
GuruFocus considers Johnson Chemical Pharmaceutical Works Co to be Modestly Undervalued.
Key valuation signals for ROCO:4747:
ROC (Joel Greenblatt) %: 37.20% (151% above median its 10-year median of 14.85)
GF Value™: NT$61.80 vs. price of NT$49.90 (19.3% below fair value)
Industry Position: 229.8% above the Drug Manufacturers median (#422 of 982)
No single metric tells the full story. See the ROCO:4747 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Johnson Chemical Pharmaceutical Works Co is engaged in the manufacturing of pharmaceutical ingredients, importing and selling pharmaceutical materials and products. It manufactures drugs in a variety of forms, including solid dosage forms, capsules (soft/hard), tablets (sugar/film-coated), powder and granule, as well as nasal sprays. It offers products in therapeutic areas including the central nervous system, respiratory, cardiovascular, gastrointestinal, and endocrine system, vitamins, anti-inflammatory, cough and cold, and pain relievers. Its revenue mainly comes from medical product sales.
71GF Score
Get the complete analysis for ROCO:4747
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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