TKINF (Takasago International) ROC (Joel Greenblatt) %: 10.29% (As of Mar. 2026) — 35% Above Median

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.

TKINF Takasago International Corp TKINF
77 GF Score
Price $8.00
GF Value $7.98
! 5 Warning Signs
View Full Analysis

What is Takasago International ROC (Joel Greenblatt) %?

Takasago International TKINF 77 ROC (Joel Greenblatt) % is 10.29% as of Mar. 2026, which is 35% above its 10-year median of 7.60. GuruFocus rates TKINF with a GF Score™ of 77/100 and a GF Value™ of $7.98. The stock has 5 warning signs investors should review. Among 1,605 Chemicals companies, Takasago International ranks worse than 52.15% 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. Takasago International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.29%.

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

TKINF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.07   Med: 7.6   Max: 12.88
Current: 8.92

During the past 13 years, Takasago International's highest ROC (Joel Greenblatt) % was 12.88%. The lowest was 4.07%. And the median was 7.60%.

TKINF's ROC (Joel Greenblatt) % is ranked worse than
52.15% of 1605 companies
in the Chemicals industry
Industry Median: 9.47 vs TKINF: 8.92

Takasago International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.40% per year.


Takasago International  (OTCPK:TKINF) 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.


Takasago International ROC (Joel Greenblatt) % Related Terms


Takasago International ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Takasago International'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.

Takasago International ROC (Joel Greenblatt) % Chart

Takasago International 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 9.49 6.78 3.85 12.91 8.77

Takasago International 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 9.85 10.68 8.85 5.59 10.29

TKINF vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison

For the Specialty Chemicals subindustry, Takasago International'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.


Takasago International ROC (Joel Greenblatt) % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Takasago International's ROC (Joel Greenblatt) % distribution charts can be found below:

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


TKINF
77GF Score
Takasago International Corp TKINF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Takasago International 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)
=(350.511 + 428.708 + 62.374) - (148.658 + 0 + 128.686)
=564.249

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(337 + 421.407 + 53.068) - (128.766 + 0 + 114.896)
=567.813

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Takasago International 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 )
=112.704/( ( (525.03 + max(564.249, 0)) + (532.774 + max(567.813, 0)) )/ 2 )
=112.704/( ( 1089.279 + 1100.587 )/ 2 )
=112.704/1094.933
=10.29 %

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 10.29% mean?
Takasago International (TKINF) has a ROC (Joel Greenblatt) % of 10.29% 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 Takasago International and its competitors. This is 35% above median its historical median of 7.60. Over the past decade, Takasago International's ROC (Joel Greenblatt) % has ranged from 4.07 to 12.88. According to the industry distribution chart, Takasago International ranks #837 out of 1605 companies in the Chemicals industry, placing it in the top 52.1%.
Is Takasago International's ROC (Joel Greenblatt) % too high?
Takasago International's current ROC (Joel Greenblatt) % of 10.29% is 35% above median its 10-year median of 7.60. Over the past 10 years, this metric has ranged from a low of 4.07 to a high of 12.88. The Chemicals industry median ROC (Joel Greenblatt) % is 9.47. Takasago International's value of 10.29% is 8.7% above this industry median. Based on the distribution chart, Takasago International ranks #837 out of 1605 companies in the Chemicals industry, which is below the industry midpoint. Overall, Takasago International has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Takasago International's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Takasago International ranks #837 out of 1605 companies for ROC (Joel Greenblatt) %. This places Takasago International in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.47. Takasago International's value of 10.29% is 8.7% above this benchmark. Historically, Takasago International's own ROC (Joel Greenblatt) % has ranged from 4.07 to 12.88 over the past decade. While the company's 10-year median is 7.60 vs. the industry median of 9.47, Takasago International 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 9.47, based on 1,605 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. Takasago International's current ROC (Joel Greenblatt) % of 10.29% is 8.7% 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 Takasago International and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Takasago International's current ROC (Joel Greenblatt) % is 10.29%, which is 35% above median its own 10-year median of 7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Takasago International stock overvalued right now?
Takasago International (TKINF) has a current ROC (Joel Greenblatt) % of 10.29%. The stock's GF Value™ is $7.98, compared to a current price of $8.00 — trading 0.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.29%, which is 35% above median its 10-year median of 7.60 and 8.7% above the Chemicals industry median of 9.47. Takasago International's overall GF Score™ is 77/100 with 5 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 Takasago International (TKINF), the current ROC (Joel Greenblatt) % is 10.29% 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 Takasago International (TKINF) Overvalued in 2026?

Based on GuruFocus' analysis, Takasago International stock appears to be overvalued. The current stock price of $8.00 is trading 0.3% above its estimated GF Value™ of $7.98.

Key valuation signals for TKINF:

  • ROC (Joel Greenblatt) %: 10.29% (35% above median its 10-year median of 7.60)
  • GF Value™: $7.98 vs. price of $8.00 (0.3% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 8.7% above the Chemicals median (#837 of 1605)

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


Takasago International Business Description

Other Exchanges 4914:Japan
Address Nissay Aroma Square 17F, 5-37-1, Kamata, Ohta-ku, Tokyo, JPN, 144-8721
Takasago International Corp is a Japan-based company engaged in the manufacture and sale of flavors, fragrances, aroma chemicals and fine chemicals. The Flavor products include flavors used in frozen desserts, such as beverages and ice creams, gums, confectioneries, processed foods and other processed food materials products. The Fragrance products include fragrances used in detergents, cosmetics and perfuming agents. The Aroma chemicals include menthol, synthetic perfumes such as musk, among others. The Fine chemicals include pharmaceutical intermediates, catalysts, photographic industry drugs and organic electronic materials. The majority of its revenue is generated from Flavors. The company operates its business mainly in Japan and rest from Asia, America, and Europe.
77GF Score

Get the complete analysis for TKINF

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

$8.00
Price
$7.98
GF Value