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Asahi Kogyosha CoTSE:1975 -1.71%66 ROC (Joel Greenblatt) % is 95.40% as of Mar. 2026, which is 122% above its 10-year median of 42.89. GuruFocus rates TSE:1975 with a GF Score™ of 66/100 and a GF Value™ of 円2,097.59 (Significantly Overvalued). Among 1,780 Construction companies, Asahi Kogyosha Co ranks better than 80.67% 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. Asahi Kogyosha Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 95.40%.
The historical rank and industry rank for Asahi Kogyosha Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:1975'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 34.65 Med: 42.89 Max: 74.17
Current: 61.68
During the past 13 years, Asahi Kogyosha Co's highest ROC (Joel Greenblatt) % was 74.17%. The lowest was 34.65%. And the median was 42.89%.
TSE:1975's ROC (Joel Greenblatt) % is ranked better than 80.67% of 1780
companies
in the Construction industry
Industry Median: 19.77
vs TSE:1975: 61.68
Asahi Kogyosha Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 15.50% per year.
Asahi Kogyosha Co (TSE:1975) 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.
Asahi Kogyosha Co ROC (Joel Greenblatt) % Related Terms
Asahi Kogyosha Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Asahi Kogyosha 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:1975 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Asahi Kogyosha 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.
Asahi Kogyosha Co ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Asahi Kogyosha Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asahi Kogyosha Co's ROC (Joel Greenblatt) % falls into.
Asahi Kogyosha 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 95.40% mean?
Asahi Kogyosha Co (TSE:1975) has a ROC (Joel Greenblatt) % of 95.40% 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 Asahi Kogyosha Co and its competitors. This is 122% above median its historical median of 42.89. Over the past decade, Asahi Kogyosha Co's ROC (Joel Greenblatt) % has ranged from 34.65 to 74.17. According to the industry distribution chart, Asahi Kogyosha Co ranks #344 out of 1780 companies in the Construction industry, placing it in the top 19.3%.
Is Asahi Kogyosha Co's ROC (Joel Greenblatt) % too high?
Asahi Kogyosha Co's current ROC (Joel Greenblatt) % of 95.40% is 122% above median its 10-year median of 42.89. Over the past 10 years, this metric has ranged from a low of 34.65 to a high of 74.17. The Construction industry median ROC (Joel Greenblatt) % is 19.77. Asahi Kogyosha Co's value of 95.40% is 382.5% above this industry median. Based on the distribution chart, Asahi Kogyosha Co ranks #344 out of 1780 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Asahi Kogyosha Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Kogyosha Co's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Asahi Kogyosha Co ranks #344 out of 1780 companies for ROC (Joel Greenblatt) %. This places Asahi Kogyosha Co in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.77. Asahi Kogyosha Co's value of 95.40% is 382.5% above this benchmark. Historically, Asahi Kogyosha Co's own ROC (Joel Greenblatt) % has ranged from 34.65 to 74.17 over the past decade. While the company's 10-year median is 42.89 vs. the industry median of 19.77, Asahi Kogyosha 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 19.77, based on 1,780 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. Asahi Kogyosha Co's current ROC (Joel Greenblatt) % of 95.40% is 382.5% 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 Asahi Kogyosha Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Kogyosha Co's current ROC (Joel Greenblatt) % is 95.40%, which is 122% above median its own 10-year median of 42.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Kogyosha Co stock overvalued right now?
Based on GuruFocus' analysis, Asahi Kogyosha Co (TSE:1975) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,097.59, compared to a current price of 円3,735.00 — trading 78.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 95.40%, which is 122% above median its 10-year median of 42.89 and 382.5% above the Construction industry median of 19.77. Asahi Kogyosha Co's overall GF Score™ is 66/100. 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 Asahi Kogyosha Co (TSE:1975), the current ROC (Joel Greenblatt) % is 95.40% 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 Asahi Kogyosha Co (TSE:1975) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Kogyosha Co stock appears to be overvalued.
The current stock price of 円3,735.00 is trading 78.1% above its estimated GF Value™ of 円2,097.59.
GuruFocus considers Asahi Kogyosha Co to be Significantly Overvalued.
Key valuation signals for TSE:1975:
ROC (Joel Greenblatt) %: 95.40% (122% above median its 10-year median of 42.89)
GF Value™: 円2,097.59 vs. price of 円3,735.00 (78.1% above fair value)
Industry Position: 382.5% above the Construction median (#344 of 1780)
No single metric tells the full story. See the TSE:1975 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi Kogyosha Co Ltd is a Japan-based company. It mainly designs, supervises, and constructs air conditioning and sanitary equipment. Along with its subsidiaries, the company operates in the following reportable segments; Facility construction and Equipment manufacturing and sales. A majority of its revenue is derived from the facility construction business, which is involved in the planning, design, and construction of air conditioning, water supply, drainage, and sanitary facilities. The equipment manufacturing and sales business is engaged in the manufacturing and sale of environmental equipment for the semiconductor, FPD, and electronics industries and also manufactures air conditioning-related equipment in cooperation with construction companies.
66GF Score
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