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Totetsu Kogyo CoTSE:1835 -0.50%75 ROC (Joel Greenblatt) % is 23.58% as of Mar. 2026, which is 13% above its 10-year median of 20.86. GuruFocus rates TSE:1835 with a GF Score™ of 75/100 and a GF Value™ of 円3,741.11 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,787 Construction companies, Totetsu Kogyo Co ranks better than 51.48% 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. Totetsu Kogyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.58%.
The historical rank and industry rank for Totetsu Kogyo Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:1835'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.51 Med: 20.86 Max: 34.8
Current: 20.58
During the past 13 years, Totetsu Kogyo Co's highest ROC (Joel Greenblatt) % was 34.80%. The lowest was 13.51%. And the median was 20.86%.
TSE:1835's ROC (Joel Greenblatt) % is ranked better than 51.48% of 1787
companies
in the Construction industry
Industry Median: 19.56
vs TSE:1835: 20.58
Totetsu Kogyo Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.90% per year.
Totetsu Kogyo Co (TSE:1835) 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.
Totetsu Kogyo Co ROC (Joel Greenblatt) % Related Terms
Totetsu Kogyo Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Totetsu 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.
TSE:1835 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Totetsu 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.
Totetsu Kogyo Co ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Totetsu Kogyo Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Totetsu Kogyo Co's ROC (Joel Greenblatt) % falls into.
Totetsu 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 (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 23.58% mean?
Totetsu Kogyo Co (TSE:1835) has a ROC (Joel Greenblatt) % of 23.58% 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 Totetsu Kogyo Co and its competitors. This is 13% above median its historical median of 20.86. Over the past decade, Totetsu Kogyo Co's ROC (Joel Greenblatt) % has ranged from 13.51 to 34.80. According to the industry distribution chart, Totetsu Kogyo Co ranks #867 out of 1787 companies in the Construction industry, placing it in the top 48.5%.
Is Totetsu Kogyo Co's ROC (Joel Greenblatt) % too high?
Totetsu Kogyo Co's current ROC (Joel Greenblatt) % of 23.58% is 13% above median its 10-year median of 20.86. Over the past 10 years, this metric has ranged from a low of 13.51 to a high of 34.80. The Construction industry median ROC (Joel Greenblatt) % is 19.56. Totetsu Kogyo Co's value of 23.58% is 20.6% above this industry median. Based on the distribution chart, Totetsu Kogyo Co ranks #867 out of 1787 companies in the Construction industry, which is above the industry midpoint. Overall, Totetsu Kogyo Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Totetsu Kogyo Co's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Totetsu Kogyo Co ranks #867 out of 1787 companies for ROC (Joel Greenblatt) %. This puts Totetsu Kogyo Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.56. Totetsu Kogyo Co's value of 23.58% is 20.6% above this benchmark. Historically, Totetsu Kogyo Co's own ROC (Joel Greenblatt) % has ranged from 13.51 to 34.80 over the past decade. While the company's 10-year median is 20.86 vs. the industry median of 19.56, Totetsu 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.56, based on 1,787 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. Totetsu Kogyo Co's current ROC (Joel Greenblatt) % of 23.58% is 20.6% 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 Totetsu Kogyo Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Totetsu Kogyo Co's current ROC (Joel Greenblatt) % is 23.58%, which is 13% above median its own 10-year median of 20.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Totetsu Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Totetsu Kogyo Co (TSE:1835) is currently considered Fairly Valued. The stock's GF Value™ is 円3,741.11, compared to a current price of 円4,000.00 — trading 6.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 23.58%, which is 13% above median its 10-year median of 20.86 and 20.6% above the Construction industry median of 19.56. Totetsu Kogyo Co's overall GF Score™ is 75/100 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 Totetsu Kogyo Co (TSE:1835), the current ROC (Joel Greenblatt) % is 23.58% 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 Totetsu Kogyo Co (TSE:1835) Overvalued in 2026?
Based on GuruFocus' analysis, Totetsu Kogyo Co stock appears to be overvalued.
The current stock price of 円4,000.00 is trading 6.9% above its estimated GF Value™ of 円3,741.11.
GuruFocus considers Totetsu Kogyo Co to be Fairly Valued.
Key valuation signals for TSE:1835:
ROC (Joel Greenblatt) %: 23.58% (13% above median its 10-year median of 20.86)
GF Value™: 円3,741.11 vs. price of 円4,000.00 (6.9% above fair value)
Industry Position: 20.6% above the Construction median (#867 of 1787)
No single metric tells the full story. See the TSE:1835 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Totetsu Kogyo Co Ltd is a construction company. Its operating segments are Civil Engineering, Railway track maintenance, Architectural and Environmental segment. It undertakes various projects such as construction, renovation, reinforcement of elevated bridges and railway platform edge doors for passenger protection along with building new railway tracks for the Shinkansen, public and private sectors. The company is also engaged in construction and maintenance of station buildings for railway lines, apartment houses, office buildings, hotels, shops, and schools. Additionally, it also provides environmental technology and services, like construction of solar power generation systems, greening of buildings, and implementing energy conservation systems for air conditioning.
75GF Score
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