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Taisei Oncho CoTSE:1904 +0.39%78 ROC (Joel Greenblatt) % is 99.13% as of Mar. 2026, which is 185% above its 10-year median of 34.77. GuruFocus rates TSE:1904 with a GF Score™ of 78/100 and a GF Value™ of 円4,201.88 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,786 Construction companies, Taisei Oncho Co ranks better than 81.86% 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. Taisei Oncho Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 99.13%.
The historical rank and industry rank for Taisei Oncho Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:1904'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.11 Med: 34.77 Max: 65.16
Current: 65.16
During the past 13 years, Taisei Oncho Co's highest ROC (Joel Greenblatt) % was 65.16%. The lowest was 14.11%. And the median was 34.77%.
TSE:1904's ROC (Joel Greenblatt) % is ranked better than 81.86% of 1786
companies
in the Construction industry
Industry Median: 19.6
vs TSE:1904: 65.16
Taisei Oncho Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 20.80% per year.
Taisei Oncho Co (TSE:1904) 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.
Taisei Oncho Co ROC (Joel Greenblatt) % Related Terms
Taisei Oncho Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Taisei Oncho 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:1904 vs TT, JCI, CARR: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Taisei Oncho 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.
Taisei Oncho Co ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Taisei Oncho Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Taisei Oncho Co's ROC (Joel Greenblatt) % falls into.
Taisei Oncho 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 99.13% mean?
Taisei Oncho Co (TSE:1904) has a ROC (Joel Greenblatt) % of 99.13% 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 Taisei Oncho Co and its competitors. This is 185% above median its historical median of 34.77. Over the past decade, Taisei Oncho Co's ROC (Joel Greenblatt) % has ranged from 14.11 to 65.16. According to the industry distribution chart, Taisei Oncho Co ranks #324 out of 1786 companies in the Construction industry, placing it in the top 18.1%.
Is Taisei Oncho Co's ROC (Joel Greenblatt) % too high?
Taisei Oncho Co's current ROC (Joel Greenblatt) % of 99.13% is 185% above median its 10-year median of 34.77. Over the past 10 years, this metric has ranged from a low of 14.11 to a high of 65.16. The Construction industry median ROC (Joel Greenblatt) % is 19.60. Taisei Oncho Co's value of 99.13% is 405.8% above this industry median. Based on the distribution chart, Taisei Oncho Co ranks #324 out of 1786 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Taisei Oncho Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taisei Oncho Co's ROC (Joel Greenblatt) % compare to TT and JCI?
According to the Construction industry distribution chart, Taisei Oncho Co ranks #324 out of 1786 companies for ROC (Joel Greenblatt) %. This places Taisei Oncho Co in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.60. Taisei Oncho Co's value of 99.13% is 405.8% above this benchmark. Historically, Taisei Oncho Co's own ROC (Joel Greenblatt) % has ranged from 14.11 to 65.16 over the past decade. While the company's 10-year median is 34.77 vs. the industry median of 19.60, Taisei Oncho 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 19.60, based on 1,786 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. Taisei Oncho Co's current ROC (Joel Greenblatt) % of 99.13% is 405.8% 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 Taisei Oncho Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taisei Oncho Co's current ROC (Joel Greenblatt) % is 99.13%, which is 185% above median its own 10-year median of 34.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taisei Oncho Co stock overvalued right now?
Based on GuruFocus' analysis, Taisei Oncho Co (TSE:1904) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,201.88, compared to a current price of 円5,130.00 — trading 22.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 99.13%, which is 185% above median its 10-year median of 34.77 and 405.8% above the Construction industry median of 19.60. Taisei Oncho Co's overall GF Score™ is 78/100 with 4 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 Taisei Oncho Co (TSE:1904), the current ROC (Joel Greenblatt) % is 99.13% 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 Taisei Oncho Co (TSE:1904) Overvalued in 2026?
Based on GuruFocus' analysis, Taisei Oncho Co stock appears to be overvalued.
The current stock price of 円5,130.00 is trading 22.1% above its estimated GF Value™ of 円4,201.88.
GuruFocus considers Taisei Oncho Co to be Modestly Overvalued.
Key valuation signals for TSE:1904:
ROC (Joel Greenblatt) %: 99.13% (185% above median its 10-year median of 34.77)
GF Value™: 円4,201.88 vs. price of 円5,130.00 (22.1% above fair value)
Industry Position: 405.8% above the Construction median (#324 of 1786)
No single metric tells the full story. See the TSE:1904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taisei Oncho Co Ltd is engaged in designing and installation of air-conditioning & plumbing works. It offers its services to high-rise buildings, hospitals, hotels, shopping centers, general-purpose buildings & also offers related refurbishment & maintenance services. It also provides maintenance contract and after-sales services.
78GF Score
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