ShinMaywa IndustriesSHMWF 81 ROC (Joel Greenblatt) % is 21.00% as of Mar. 2026, which is 90% above its 10-year median of 11.06. GuruFocus rates SHMWF with a GF Score™ of 81/100 and a GF Value™ of $10.26 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 560 Conglomerates companies, ShinMaywa Industries ranks worse than 52.14% 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. ShinMaywa Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.00%.
The historical rank and industry rank for ShinMaywa Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
SHMWF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.7 Med: 11.06 Max: 14.89
Current: 13.8
During the past 13 years, ShinMaywa Industries's highest ROC (Joel Greenblatt) % was 14.89%. The lowest was 8.70%. And the median was 11.06%.
SHMWF's ROC (Joel Greenblatt) % is ranked worse than 52.14% of 560
companies
in the Conglomerates industry
Industry Median: 14.73
vs SHMWF: 13.80
ShinMaywa Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.80% per year.
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.
ShinMaywa Industries ROC (Joel Greenblatt) % Related Terms
ShinMaywa Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for ShinMaywa Industries'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.
SHMWF vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, ShinMaywa Industries'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.
ShinMaywa Industries ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, ShinMaywa Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ShinMaywa Industries'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 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 21.00% mean?
ShinMaywa Industries (SHMWF) has a ROC (Joel Greenblatt) % of 21.00% 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 ShinMaywa Industries and its competitors. This is 90% above median its historical median of 11.06. Over the past decade, ShinMaywa Industries' ROC (Joel Greenblatt) % has ranged from 8.70 to 14.89. According to the industry distribution chart, ShinMaywa Industries ranks #292 out of 560 companies in the Conglomerates industry, placing it in the top 52.1%.
Is ShinMaywa Industries' ROC (Joel Greenblatt) % too high?
ShinMaywa Industries' current ROC (Joel Greenblatt) % of 21.00% is 90% above median its 10-year median of 11.06. Over the past 10 years, this metric has ranged from a low of 8.70 to a high of 14.89. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.73. ShinMaywa Industries' value of 21.00% is 42.6% above this industry median. Based on the distribution chart, ShinMaywa Industries ranks #292 out of 560 companies in the Conglomerates industry, which is below the industry midpoint. Overall, ShinMaywa Industries has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ShinMaywa Industries' ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, ShinMaywa Industries ranks #292 out of 560 companies for ROC (Joel Greenblatt) %. This places ShinMaywa Industries in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.73. ShinMaywa Industries' value of 21.00% is 42.6% above this benchmark. Historically, ShinMaywa Industries' own ROC (Joel Greenblatt) % has ranged from 8.70 to 14.89 over the past decade. While the company's 10-year median is 11.06 vs. the industry median of 14.73, ShinMaywa Industries 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.73, based on 560 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. ShinMaywa Industries's current ROC (Joel Greenblatt) % of 21.00% is 42.6% 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 ShinMaywa Industries and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ShinMaywa Industries's current ROC (Joel Greenblatt) % is 21.00%, which is 90% above median its own 10-year median of 11.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ShinMaywa Industries stock overvalued right now?
Based on GuruFocus' analysis, ShinMaywa Industries (SHMWF) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.26, compared to a current price of $13.30 — trading 29.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.00%, which is 90% above median its 10-year median of 11.06 and 42.6% above the Conglomerates industry median of 14.73. ShinMaywa Industries' overall GF Score™ is 81/100 with 1 warning sign 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 ShinMaywa Industries (SHMWF), the current ROC (Joel Greenblatt) % is 21.00% 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 ShinMaywa Industries (SHMWF) Overvalued in 2026?
Based on GuruFocus' analysis, ShinMaywa Industries stock appears to be overvalued.
The current stock price of $13.30 is trading 29.6% above its estimated GF Value™ of $10.26.
GuruFocus considers ShinMaywa Industries to be Modestly Overvalued.
Key valuation signals for SHMWF:
ROC (Joel Greenblatt) %: 21.00% (90% above median its 10-year median of 11.06)
GF Value™: $10.26 vs. price of $13.30 (29.6% above fair value)
Industry Position: 42.6% above the Conglomerates median (#292 of 560)
No single metric tells the full story. See the SHMWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ShinMaywa Industries Ltd manufactures a wide range of products, including parking systems, aircrafts, trucks, and other industrial systems. The company has four operating segments: aircraft, special-purpose truck, industrial machinery and environmental systems, and parking systems. The special-purpose truck segment generates roughly half of total sales and focuses on distributing dump trucks, lifters, compactors, and forestry machinery. The aircraft segment sells amphibian aircraft (capable of open-sea landing and takeoff) and aircraft parts to other manufacturers. Sales to customers located in Japan constitute about three fourths of total revenue.
81GF Score
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