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DaihoTSE:1822 +1.02%59 ROC (Joel Greenblatt) % is 26.22% as of Mar. 2026, which is 38% above its 10-year median of 18.99. GuruFocus rates TSE:1822 with a GF Score™ of 59/100 and a GF Value™ of 円721.19 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,780 Construction companies, Daiho ranks worse than 56.35% 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. Daiho's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.22%.
The historical rank and industry rank for Daiho's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:1822'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.37 Med: 18.99 Max: 54.22
Current: 14.72
During the past 13 years, Daiho's highest ROC (Joel Greenblatt) % was 54.22%. The lowest was -1.37%. And the median was 18.99%.
TSE:1822's ROC (Joel Greenblatt) % is ranked worse than 56.35% of 1780
companies
in the Construction industry
Industry Median: 19.86
vs TSE:1822: 14.72
Daiho'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.
The historical data trend for Daiho'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.
TSE:1822 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Daiho'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.
Daiho ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Daiho's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Daiho'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 two times the semi-annual (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 26.22% mean?
Daiho (TSE:1822) has a ROC (Joel Greenblatt) % of 26.22% 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 Daiho and its competitors. This is 38% above median its historical median of 18.99. According to the industry distribution chart, Daiho ranks #1003 out of 1780 companies in the Construction industry, placing it in the top 56.3%.
Is Daiho's ROC (Joel Greenblatt) % too high?
Daiho's current ROC (Joel Greenblatt) % of 26.22% is 38% above median its 10-year median of 18.99. The Construction industry median ROC (Joel Greenblatt) % is 19.86. Daiho's value of 26.22% is 32% above this industry median. Based on the distribution chart, Daiho ranks #1003 out of 1780 companies in the Construction industry, which is below the industry midpoint. Overall, Daiho has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiho's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Daiho ranks #1003 out of 1780 companies for ROC (Joel Greenblatt) %. This places Daiho in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.86. Daiho's value of 26.22% is 32% above this benchmark. While the company's 10-year median is 18.99 vs. the industry median of 19.86, Daiho 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.86, based on 1,780 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. Daiho's current ROC (Joel Greenblatt) % of 26.22% is 32% 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 Daiho and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiho's current ROC (Joel Greenblatt) % is 26.22%, which is 38% above median its own 10-year median of 18.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiho stock overvalued right now?
Based on GuruFocus' analysis, Daiho (TSE:1822) is currently considered Fairly Valued. The stock's GF Value™ is 円721.19, compared to a current price of 円795.00 — trading 10.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 26.22%, which is 38% above median its 10-year median of 18.99 and 32% above the Construction industry median of 19.86. Daiho's overall GF Score™ is 59/100 with 6 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 Daiho (TSE:1822), the current ROC (Joel Greenblatt) % is 26.22% 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 Daiho (TSE:1822) Overvalued in 2026?
Based on GuruFocus' analysis, Daiho stock appears to be overvalued.
The current stock price of 円795.00 is trading 10.2% above its estimated GF Value™ of 円721.19.
GuruFocus considers Daiho to be Fairly Valued.
Key valuation signals for TSE:1822:
ROC (Joel Greenblatt) %: 26.22% (38% above median its 10-year median of 18.99)
GF Value™: 円721.19 vs. price of 円795.00 (10.2% above fair value)
Industry Position: 32% above the Construction median (#1003 of 1780)
No single metric tells the full story. See the TSE:1822 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiho Corp is engaged in the activity of engineering and construction. It builds and engineers hydroelectric dams, expressway, harbor, subway and foundation works for large structures. The company has three segments namely Civil engineering, Building construction and Other. Civil engineering segment consists of dam, seaports, fishery ports, large bridge foundations and railways. Building construction segment comprises offices, warehouse factory, retail shops, accommodation, education and cultural and medical welfare buildings, sports and leisure facilities, environmental protection cleaning facilities, economic zones. Other segment covers rehabilitation projects, hospitals and repairing work. The company operates in Japan, Taiwan, Thailand, Malaysia, Madagascar, Cambodia.
59GF Score
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