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Chugai Ro CoTSE:1964 +0.36%77 ROC (Joel Greenblatt) % is 46.79% as of Mar. 2026, which is 286% above its 10-year median of 12.13. GuruFocus rates TSE:1964 with a GF Score™ of 77/100 and a GF Value™ of 円4,040.37 (Fairly Valued). The stock has 3 warning signs investors should review. Among 3,064 Industrial Products companies, Chugai Ro Co ranks better than 77.71% 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. Chugai Ro Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 46.79%.
The historical rank and industry rank for Chugai Ro Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:1964'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.46 Med: 12.13 Max: 29.55
Current: 29.55
During the past 13 years, Chugai Ro Co's highest ROC (Joel Greenblatt) % was 29.55%. The lowest was 3.46%. And the median was 12.13%.
TSE:1964's ROC (Joel Greenblatt) % is ranked better than 77.71% of 3064
companies
in the Industrial Products industry
Industry Median: 11.725
vs TSE:1964: 29.55
Chugai Ro Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 43.20% per year.
Chugai Ro Co (TSE:1964) 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.
Chugai Ro Co ROC (Joel Greenblatt) % Related Terms
Chugai Ro Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Chugai Ro 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:1964 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Chugai Ro 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.
Chugai Ro Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chugai Ro Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chugai Ro Co'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 46.79% mean?
Chugai Ro Co (TSE:1964) has a ROC (Joel Greenblatt) % of 46.79% 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 Chugai Ro Co and its competitors. This is 286% above median its historical median of 12.13. Over the past decade, Chugai Ro Co's ROC (Joel Greenblatt) % has ranged from 3.46 to 29.55. According to the industry distribution chart, Chugai Ro Co ranks #683 out of 3064 companies in the Industrial Products industry, placing it in the top 22.3%.
Is Chugai Ro Co's ROC (Joel Greenblatt) % too high?
Chugai Ro Co's current ROC (Joel Greenblatt) % of 46.79% is 286% above median its 10-year median of 12.13. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 29.55. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.73. Chugai Ro Co's value of 46.79% is 299.1% above this industry median. Based on the distribution chart, Chugai Ro Co ranks #683 out of 3064 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Chugai Ro Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chugai Ro Co's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Chugai Ro Co ranks #683 out of 3064 companies for ROC (Joel Greenblatt) %. This places Chugai Ro Co in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.73. Chugai Ro Co's value of 46.79% is 299.1% above this benchmark. Historically, Chugai Ro Co's own ROC (Joel Greenblatt) % has ranged from 3.46 to 29.55 over the past decade. While the company's 10-year median is 12.13 vs. the industry median of 11.73, Chugai Ro 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.73, based on 3,064 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. Chugai Ro Co's current ROC (Joel Greenblatt) % of 46.79% is 299.1% 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 Chugai Ro Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chugai Ro Co's current ROC (Joel Greenblatt) % is 46.79%, which is 286% above median its own 10-year median of 12.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chugai Ro Co stock overvalued right now?
Based on GuruFocus' analysis, Chugai Ro Co (TSE:1964) is currently considered Fairly Valued. The stock's GF Value™ is 円4,040.37, compared to a current price of 円4,130.00 — trading 2.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 46.79%, which is 286% above median its 10-year median of 12.13 and 299.1% above the Industrial Products industry median of 11.73. Chugai Ro Co's overall GF Score™ is 77/100 with 3 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 Chugai Ro Co (TSE:1964), the current ROC (Joel Greenblatt) % is 46.79% 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 Chugai Ro Co (TSE:1964) Overvalued in 2026?
Based on GuruFocus' analysis, Chugai Ro Co stock appears to be overvalued.
The current stock price of 円4,130.00 is trading 2.2% above its estimated GF Value™ of 円4,040.37.
GuruFocus considers Chugai Ro Co to be Fairly Valued.
Key valuation signals for TSE:1964:
ROC (Joel Greenblatt) %: 46.79% (286% above median its 10-year median of 12.13)
GF Value™: 円4,040.37 vs. price of 円4,130.00 (2.2% above fair value)
Industry Position: 299.1% above the Industrial Products median (#683 of 3064)
No single metric tells the full story. See the TSE:1964 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chugai Ro Co Ltd is engaged in the development of technologies in the thermal technology field. The company operates through three segments namely Energy, Environmental preservation, and Information or communications. It offers various products including heat treatment furnaces for automobile machine parts, steel and nonferrous-metal heating furnaces, gas burner, film coating and drying equipment and environmental equipment and others.
77GF Score
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