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Tokyo Ohka Kogyo CoTOKCF 79 ROC (Joel Greenblatt) % is 41.26% as of Dec. 2025, which is 98% above its 10-year median of 20.82. GuruFocus rates TOKCF with a GF Score™ of 79/100 and a GF Value™ of $36.51 (Significantly Overvalued). Among 2,492 Hardware companies, Tokyo Ohka Kogyo Co ranks better than 82.38% 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. Tokyo Ohka Kogyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 41.26%.
The historical rank and industry rank for Tokyo Ohka Kogyo Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TOKCF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.83 Med: 20.82 Max: 37.92
Current: 37.92
During the past 13 years, Tokyo Ohka Kogyo Co's highest ROC (Joel Greenblatt) % was 37.92%. The lowest was 11.83%. And the median was 20.82%.
TOKCF's ROC (Joel Greenblatt) % is ranked better than 82.38% of 2492
companies
in the Hardware industry
Industry Median: 10.435
vs TOKCF: 37.92
Tokyo Ohka Kogyo Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.80% per year.
Tokyo Ohka Kogyo Co (OTCPK:TOKCF) 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.
Tokyo Ohka Kogyo Co ROC (Joel Greenblatt) % Related Terms
Tokyo Ohka Kogyo Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tokyo Ohka Kogyo 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.
TOKCF vs APH, GLW: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Tokyo Ohka Kogyo 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.
Tokyo Ohka Kogyo Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Tokyo Ohka Kogyo Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tokyo Ohka Kogyo Co's ROC (Joel Greenblatt) % falls into.
Tokyo Ohka Kogyo 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 (Dec. 2025) 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 41.26% mean?
Tokyo Ohka Kogyo Co (TOKCF) has a ROC (Joel Greenblatt) % of 41.26% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Tokyo Ohka Kogyo Co and its competitors. This is 98% above median its historical median of 20.82. Over the past decade, Tokyo Ohka Kogyo Co's ROC (Joel Greenblatt) % has ranged from 11.83 to 37.92. According to the industry distribution chart, Tokyo Ohka Kogyo Co ranks #439 out of 2492 companies in the Hardware industry, placing it in the top 17.6%.
Is Tokyo Ohka Kogyo Co's ROC (Joel Greenblatt) % too high?
Tokyo Ohka Kogyo Co's current ROC (Joel Greenblatt) % of 41.26% is 98% above median its 10-year median of 20.82. Over the past 10 years, this metric has ranged from a low of 11.83 to a high of 37.92. The Hardware industry median ROC (Joel Greenblatt) % is 10.44. Tokyo Ohka Kogyo Co's value of 41.26% is 295.4% above this industry median. Based on the distribution chart, Tokyo Ohka Kogyo Co ranks #439 out of 2492 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Tokyo Ohka Kogyo Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Ohka Kogyo Co's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Tokyo Ohka Kogyo Co ranks #439 out of 2492 companies for ROC (Joel Greenblatt) %. This places Tokyo Ohka Kogyo Co in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.44. Tokyo Ohka Kogyo Co's value of 41.26% is 295.4% above this benchmark. Historically, Tokyo Ohka Kogyo Co's own ROC (Joel Greenblatt) % has ranged from 11.83 to 37.92 over the past decade. While the company's 10-year median is 20.82 vs. the industry median of 10.44, Tokyo Ohka Kogyo 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.44, based on 2,492 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. Tokyo Ohka Kogyo Co's current ROC (Joel Greenblatt) % of 41.26% is 295.4% 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 Tokyo Ohka Kogyo Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Ohka Kogyo Co's current ROC (Joel Greenblatt) % is 41.26%, which is 98% above median its own 10-year median of 20.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Ohka Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Ohka Kogyo Co (TOKCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $36.51, compared to a current price of $71.73 — trading 96.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 41.26%, which is 98% above median its 10-year median of 20.82 and 295.4% above the Hardware industry median of 10.44. Tokyo Ohka Kogyo Co's overall GF Score™ is 79/100. 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 Tokyo Ohka Kogyo Co (TOKCF), the current ROC (Joel Greenblatt) % is 41.26% as of Dec. 2025. 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 Tokyo Ohka Kogyo Co (TOKCF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Ohka Kogyo Co stock appears to be overvalued.
The current stock price of $71.73 is trading 96.5% above its estimated GF Value™ of $36.51.
GuruFocus considers Tokyo Ohka Kogyo Co to be Significantly Overvalued.
Key valuation signals for TOKCF:
ROC (Joel Greenblatt) %: 41.26% (98% above median its 10-year median of 20.82)
GF Value™: $36.51 vs. price of $71.73 (96.5% above fair value)
Industry Position: 295.4% above the Hardware median (#439 of 2492)
No single metric tells the full story. See the TOKCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Ohka Kogyo Co Ltd is a Japan-based company that manufactures functional materials and processing equipment. The processing equipment sold by the firm is mainly used in the manufacturing of semiconductors and liquid crystal display products. The materials used in the manufacturing of these products are also sold by the company, particularly for the photolithography process. The firm also sells inorganic and organic chemicals.
79GF Score
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