Toray IndustriesTRYIF 81 ROC (Joel Greenblatt) % is 7.20% as of Mar. 2026, which is 2% below its 10-year median of 7.38. GuruFocus rates TRYIF with a GF Score™ of 81/100 and a GF Value™ of $5.71 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,055 Manufacturing - Apparel & Accessories companies, Toray Industries ranks worse than 56.97% 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. Toray Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.20%.
The historical rank and industry rank for Toray Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
TRYIF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.23 Med: 7.38 Max: 10.5
Current: 6.33
During the past 13 years, Toray Industries's highest ROC (Joel Greenblatt) % was 10.50%. The lowest was 4.23%. And the median was 7.38%.
TRYIF's ROC (Joel Greenblatt) % is ranked worse than 56.97% of 1055
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.37
vs TRYIF: 6.33
Toray Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.60% 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.
Toray Industries ROC (Joel Greenblatt) % Related Terms
Toray Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Toray 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.
For the Textile Manufacturing subindustry, Toray 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.
Toray Industries ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toray Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Toray 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 7.20% mean?
Toray Industries (TRYIF) has a ROC (Joel Greenblatt) % of 7.20% 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 Toray Industries and its competitors. This is near median its historical median of 7.38. Over the past decade, Toray Industries' ROC (Joel Greenblatt) % has ranged from 4.23 to 10.50. According to the industry distribution chart, Toray Industries ranks #601 out of 1055 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 57%.
Is Toray Industries' ROC (Joel Greenblatt) % too high?
Toray Industries' current ROC (Joel Greenblatt) % of 7.20% is near median its 10-year median of 7.38. Over the past 10 years, this metric has ranged from a low of 4.23 to a high of 10.50. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.37. Toray Industries' value of 7.20% is 14% below this industry median. Based on the distribution chart, Toray Industries ranks #601 out of 1055 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Toray 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 Toray Industries' ROC (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Toray Industries ranks #601 out of 1055 companies for ROC (Joel Greenblatt) %. This places Toray Industries in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.37. Toray Industries' value of 7.20% is 14% below this benchmark. Historically, Toray Industries' own ROC (Joel Greenblatt) % has ranged from 4.23 to 10.50 over the past decade. While the company's 10-year median is 7.38 vs. the industry median of 8.37, Toray Industries 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.37, based on 1,055 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. Toray Industries's current ROC (Joel Greenblatt) % of 7.20% is 14% 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 Toray Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toray Industries's current ROC (Joel Greenblatt) % is 7.20%, which is near median its own 10-year median of 7.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toray Industries stock overvalued right now?
Based on GuruFocus' analysis, Toray Industries (TRYIF) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.71, compared to a current price of $6.66 — trading 16.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.20%, which is near median its 10-year median of 7.38 and 14% below the Manufacturing - Apparel & Accessories industry median of 8.37. Toray Industries' overall GF Score™ is 81/100 with 2 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 Toray Industries (TRYIF), the current ROC (Joel Greenblatt) % is 7.20% 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 Toray Industries (TRYIF) Overvalued in 2026?
Based on GuruFocus' analysis, Toray Industries stock appears to be overvalued.
The current stock price of $6.66 is trading 16.6% above its estimated GF Value™ of $5.71.
GuruFocus considers Toray Industries to be Modestly Overvalued.
Key valuation signals for TRYIF:
ROC (Joel Greenblatt) %: 7.20% (near median its 10-year median of 7.38)
GF Value™: $5.71 vs. price of $6.66 (16.6% above fair value)
Industry Position: 14% below the Manufacturing - Apparel & Accessories median (#601 of 1055)
No single metric tells the full story. See the TRYIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toray Industries Inc is a Japan-based company engaged in the textile business, functional chemicals business, carbon fiber composite materials, and other businesses. The Carbon Fiber Composite Materials segment covers carbon fiber, composites, and molded products. The Environment and Engineering segment includes membranes for water treatment, general engineering, industrial machinery, housing, and construction materials. The Functional Chemicals segment handles resins, foams, films, fine chemicals, and electronic materials. The Life Science segment focuses on pharmaceuticals and medical devices. The Textile segment provides fibers, fabrics, non-woven and apparel products, while Others offers analysis, survey, and research services. It generates majority of revenue from the Textile segment.
81GF Score
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