Taiheiyo CementTHYCY 83 ROC (Joel Greenblatt) % is 5.72% as of Mar. 2026, which is 39% below its 10-year median of 9.36. GuruFocus rates THYCY with a GF Score™ of 83/100 and a GF Value™ of $6.78 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 408 Building Materials companies, Taiheiyo Cement ranks worse than 57.6% 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. Taiheiyo Cement's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.72%.
The historical rank and industry rank for Taiheiyo Cement's ROC (Joel Greenblatt) % or its related term are showing as below:
THYCY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.92 Med: 9.36 Max: 11.17
Current: 5.87
During the past 13 years, Taiheiyo Cement's highest ROC (Joel Greenblatt) % was 11.17%. The lowest was -1.92%. And the median was 9.36%.
THYCY's ROC (Joel Greenblatt) % is ranked worse than 57.6% of 408
companies
in the Building Materials industry
Industry Median: 8.565
vs THYCY: 5.87
Taiheiyo Cement's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Taiheiyo Cement ROC (Joel Greenblatt) % Related Terms
Taiheiyo Cement ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Taiheiyo Cement'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.
THYCY vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, Taiheiyo Cement'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.
Taiheiyo Cement ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Taiheiyo Cement's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Taiheiyo Cement'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 5.72% mean?
Taiheiyo Cement (THYCY) has a ROC (Joel Greenblatt) % of 5.72% 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 Taiheiyo Cement and its competitors. This is 39% below median its historical median of 9.36. According to the industry distribution chart, Taiheiyo Cement ranks #235 out of 408 companies in the Building Materials industry, placing it in the top 57.6%.
Is Taiheiyo Cement's ROC (Joel Greenblatt) % too high?
Taiheiyo Cement's current ROC (Joel Greenblatt) % of 5.72% is 39% below median its 10-year median of 9.36. The Building Materials industry median ROC (Joel Greenblatt) % is 8.57. Taiheiyo Cement's value of 5.72% is 33.2% below this industry median. Based on the distribution chart, Taiheiyo Cement ranks #235 out of 408 companies in the Building Materials industry, which is below the industry midpoint. Overall, Taiheiyo Cement has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiheiyo Cement's ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Taiheiyo Cement ranks #235 out of 408 companies for ROC (Joel Greenblatt) %. This places Taiheiyo Cement in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.57. Taiheiyo Cement's value of 5.72% is 33.2% below this benchmark. While the company's 10-year median is 9.36 vs. the industry median of 8.57, Taiheiyo Cement 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.57, based on 408 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. Taiheiyo Cement's current ROC (Joel Greenblatt) % of 5.72% is 33.2% 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 Taiheiyo Cement and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiheiyo Cement's current ROC (Joel Greenblatt) % is 5.72%, which is 39% below median its own 10-year median of 9.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiheiyo Cement stock overvalued right now?
Based on GuruFocus' analysis, Taiheiyo Cement (THYCY) is currently considered Modestly Overvalued. The stock's GF Value™ is $6.78, compared to a current price of $6.82 — trading 0.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 5.72%, which is 39% below median its 10-year median of 9.36 and 33.2% below the Building Materials industry median of 8.57. Taiheiyo Cement's overall GF Score™ is 83/100 with 4 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 Taiheiyo Cement (THYCY), the current ROC (Joel Greenblatt) % is 5.72% 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 Taiheiyo Cement (THYCY) Overvalued in 2026?
Based on GuruFocus' analysis, Taiheiyo Cement stock appears to be overvalued.
The current stock price of $6.82 is trading 0.6% above its estimated GF Value™ of $6.78.
GuruFocus considers Taiheiyo Cement to be Modestly Overvalued.
Key valuation signals for THYCY:
ROC (Joel Greenblatt) %: 5.72% (39% below median its 10-year median of 9.36)
GF Value™: $6.78 vs. price of $6.82 (0.6% above fair value)
Industry Position: 33.2% below the Building Materials median (#235 of 408)
No single metric tells the full story. See the THYCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiheiyo Cement Corp is a Japan-based company mainly engaged in the manufacture and sale of cement products. The company operates through four main segments. The Building Materials and Civil Engineering segment handles secondary concrete products and ALC (lightweight aerated concrete). The Cement segment covers various cement types and ready-mixed concrete. The Environmental Business focuses on waste recycling and desulfurization materials. The Resources segment deals with aggregates and limestone products. The Others segment includes real estate, engineering, information processing, finance, transportation, warehousing, chemical products, sports, and power supply. It generates the majority of its revenue from the Cement segment.
83GF Score
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