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Nippon Dry-Chemical CoTSE:1909 -0.14%74 ROC (Joel Greenblatt) % is 24.13% as of Mar. 2026, which is 7% above its 10-year median of 22.48. GuruFocus rates TSE:1909 with a GF Score™ of 74/100 and a GF Value™ of 円1,037.23 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,081 Business Services companies, Nippon Dry-Chemical Co ranks better than 62.16% 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. Nippon Dry-Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.13%.
The historical rank and industry rank for Nippon Dry-Chemical Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:1909'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.61 Med: 22.48 Max: 36.09
Current: 36.01
During the past 13 years, Nippon Dry-Chemical Co's highest ROC (Joel Greenblatt) % was 36.09%. The lowest was 15.61%. And the median was 22.48%.
TSE:1909's ROC (Joel Greenblatt) % is ranked better than 62.16% of 1081
companies
in the Business Services industry
Industry Median: 21.22
vs TSE:1909: 36.01
Nippon Dry-Chemical Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 14.80% per year.
Nippon Dry-Chemical Co (TSE:1909) 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.
Nippon Dry-Chemical Co ROC (Joel Greenblatt) % Related Terms
Nippon Dry-Chemical Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nippon Dry-Chemical 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.
Nippon Dry-Chemical Co ROC (Joel Greenblatt) % Chart
TSE:1909 vs ALLE, MSA, ADT: ROC (Joel Greenblatt) % Comparison
For the Security & Protection Services subindustry, Nippon Dry-Chemical 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.
Nippon Dry-Chemical Co ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Nippon Dry-Chemical Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nippon Dry-Chemical Co's ROC (Joel Greenblatt) % falls into.
Nippon Dry-Chemical 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 24.13% mean?
Nippon Dry-Chemical Co (TSE:1909) has a ROC (Joel Greenblatt) % of 24.13% 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 Nippon Dry-Chemical Co and its competitors. This is near median its historical median of 22.48. Over the past decade, Nippon Dry-Chemical Co's ROC (Joel Greenblatt) % has ranged from 15.61 to 36.09. According to the industry distribution chart, Nippon Dry-Chemical Co ranks #409 out of 1081 companies in the Business Services industry, placing it in the top 37.8%.
Is Nippon Dry-Chemical Co's ROC (Joel Greenblatt) % too high?
Nippon Dry-Chemical Co's current ROC (Joel Greenblatt) % of 24.13% is near median its 10-year median of 22.48. Over the past 10 years, this metric has ranged from a low of 15.61 to a high of 36.09. The Business Services industry median ROC (Joel Greenblatt) % is 21.22. Nippon Dry-Chemical Co's value of 24.13% is 13.7% above this industry median. Based on the distribution chart, Nippon Dry-Chemical Co ranks #409 out of 1081 companies in the Business Services industry, which is above the industry midpoint. Overall, Nippon Dry-Chemical Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Dry-Chemical Co's ROC (Joel Greenblatt) % compare to ALLE and MSA?
According to the Business Services industry distribution chart, Nippon Dry-Chemical Co ranks #409 out of 1081 companies for ROC (Joel Greenblatt) %. This puts Nippon Dry-Chemical Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 21.22. Nippon Dry-Chemical Co's value of 24.13% is 13.7% above this benchmark. Historically, Nippon Dry-Chemical Co's own ROC (Joel Greenblatt) % has ranged from 15.61 to 36.09 over the past decade. While the company's 10-year median is 22.48 vs. the industry median of 21.22, Nippon Dry-Chemical 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.22, based on 1,081 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. Nippon Dry-Chemical Co's current ROC (Joel Greenblatt) % of 24.13% is 13.7% 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 Nippon Dry-Chemical Co and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Dry-Chemical Co's current ROC (Joel Greenblatt) % is 24.13%, which is near median its own 10-year median of 22.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Dry-Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Dry-Chemical Co (TSE:1909) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,037.23, compared to a current price of 円3,695.00 — trading 256.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.13%, which is near median its 10-year median of 22.48 and 13.7% above the Business Services industry median of 21.22. Nippon Dry-Chemical Co's overall GF Score™ is 74/100 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 Nippon Dry-Chemical Co (TSE:1909), the current ROC (Joel Greenblatt) % is 24.13% 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 Nippon Dry-Chemical Co (TSE:1909) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Dry-Chemical Co stock appears to be overvalued.
The current stock price of 円3,695.00 is trading 256.2% above its estimated GF Value™ of 円1,037.23.
GuruFocus considers Nippon Dry-Chemical Co to be Significantly Overvalued.
Key valuation signals for TSE:1909:
ROC (Joel Greenblatt) %: 24.13% (near median its 10-year median of 22.48)
GF Value™: 円1,037.23 vs. price of 円3,695.00 (256.2% above fair value)
Industry Position: 13.7% above the Business Services median (#409 of 1081)
No single metric tells the full story. See the TSE:1909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Dry-Chemical Co Ltd designs, manufactures, sells, and installs fire extinguishing equipment, fire engines and security systems in Japan. The company offers sprinkler systems; drencher equipment; sprinkler systems for apartment buildings; automatic fire alarm systems; water ejector sprinkler systems; indoor/outdoor hydrants; tunnel disaster prevention systems; and consolidated water pipes among other products.
74GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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