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Taihei Dengyo KaishaTSE:1968 -4.12%81 ROC (Joel Greenblatt) % is 21.21% as of Mar. 2026, which is 0% above its 10-year median of 21.18. GuruFocus rates TSE:1968 with a GF Score™ of 81/100 and a GF Value™ of 円1,747.60 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,782 Construction companies, Taihei Dengyo Kaisha ranks better than 57.24% 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. Taihei Dengyo Kaisha's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.21%.
The historical rank and industry rank for Taihei Dengyo Kaisha's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:1968'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.65 Med: 21.18 Max: 31.56
Current: 24.98
During the past 13 years, Taihei Dengyo Kaisha's highest ROC (Joel Greenblatt) % was 31.56%. The lowest was 9.65%. And the median was 21.18%.
TSE:1968's ROC (Joel Greenblatt) % is ranked better than 57.24% of 1782
companies
in the Construction industry
Industry Median: 19.6
vs TSE:1968: 24.98
Taihei Dengyo Kaisha's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.50% 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.
Taihei Dengyo Kaisha ROC (Joel Greenblatt) % Related Terms
Taihei Dengyo Kaisha ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Taihei Dengyo Kaisha'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:1968 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Taihei Dengyo Kaisha'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.
Taihei Dengyo Kaisha ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Taihei Dengyo Kaisha's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Taihei Dengyo Kaisha'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 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 21.21% mean?
Taihei Dengyo Kaisha (TSE:1968) has a ROC (Joel Greenblatt) % of 21.21% 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 Taihei Dengyo Kaisha and its competitors. This is near median its historical median of 21.18. Over the past decade, Taihei Dengyo Kaisha's ROC (Joel Greenblatt) % has ranged from 9.65 to 31.56. According to the industry distribution chart, Taihei Dengyo Kaisha ranks #762 out of 1782 companies in the Construction industry, placing it in the top 42.8%.
Is Taihei Dengyo Kaisha's ROC (Joel Greenblatt) % too high?
Taihei Dengyo Kaisha's current ROC (Joel Greenblatt) % of 21.21% is near median its 10-year median of 21.18. Over the past 10 years, this metric has ranged from a low of 9.65 to a high of 31.56. The Construction industry median ROC (Joel Greenblatt) % is 19.60. Taihei Dengyo Kaisha's value of 21.21% is 8.2% above this industry median. Based on the distribution chart, Taihei Dengyo Kaisha ranks #762 out of 1782 companies in the Construction industry, which is above the industry midpoint. Overall, Taihei Dengyo Kaisha has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taihei Dengyo Kaisha's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Taihei Dengyo Kaisha ranks #762 out of 1782 companies for ROC (Joel Greenblatt) %. This puts Taihei Dengyo Kaisha in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.60. Taihei Dengyo Kaisha's value of 21.21% is 8.2% above this benchmark. Historically, Taihei Dengyo Kaisha's own ROC (Joel Greenblatt) % has ranged from 9.65 to 31.56 over the past decade. While the company's 10-year median is 21.18 vs. the industry median of 19.60, Taihei Dengyo Kaisha 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 1,782 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. Taihei Dengyo Kaisha's current ROC (Joel Greenblatt) % of 21.21% is 8.2% 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 Taihei Dengyo Kaisha 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. Taihei Dengyo Kaisha's current ROC (Joel Greenblatt) % is 21.21%, which is near median its own 10-year median of 21.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taihei Dengyo Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Taihei Dengyo Kaisha (TSE:1968) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,747.60, compared to a current price of 円2,395.00 — trading 37% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.21%, which is near median its 10-year median of 21.18 and 8.2% above the Construction industry median of 19.60. Taihei Dengyo Kaisha's overall GF Score™ is 81/100 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 Taihei Dengyo Kaisha (TSE:1968), the current ROC (Joel Greenblatt) % is 21.21% 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 Taihei Dengyo Kaisha (TSE:1968) Overvalued in 2026?
Based on GuruFocus' analysis, Taihei Dengyo Kaisha stock appears to be overvalued.
The current stock price of 円2,395.00 is trading 37% above its estimated GF Value™ of 円1,747.60.
GuruFocus considers Taihei Dengyo Kaisha to be Significantly Overvalued.
Key valuation signals for TSE:1968:
ROC (Joel Greenblatt) %: 21.21% (near median its 10-year median of 21.18)
GF Value™: 円1,747.60 vs. price of 円2,395.00 (37% above fair value)
Industry Position: 8.2% above the Construction median (#762 of 1782)
No single metric tells the full story. See the TSE:1968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taihei Dengyo Kaisha Ltd is a Japan-based company mainly engaged in the construction business. It is involved in the construction and maintenance of thermal, nuclear, gas-turbine, and diesel engine power plants, steel mill, petrochemical, sugar refining, cement and other industrial plants as well as dioxin and sludge treatment. Additionally, the company also design, manufacture, install and maintain the various electrical system, sub-station, control system, optical fiber communication system, air conditioning and utility sanitary system. Further, it also creates, procures and fabricates machined products such as tanks, piping, electrical and control panels.
81GF Score
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