Kyowanissei CoTSE:1981 -0.53%54 ROC (Joel Greenblatt) % is 22.20% as of Mar. 2026, which is 4% above its 10-year median of 21.35. GuruFocus rates TSE:1981 with a GF Score™ of 54/100 and a GF Value™ of 円1,658.65 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,778 Construction companies, Kyowanissei Co ranks worse than 50.96% 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. Kyowanissei Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.20%.
The historical rank and industry rank for Kyowanissei Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:1981'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.43 Med: 21.35 Max: 40.62
Current: 18.93
During the past 13 years, Kyowanissei Co's highest ROC (Joel Greenblatt) % was 40.62%. The lowest was 18.43%. And the median was 21.35%.
TSE:1981's ROC (Joel Greenblatt) % is ranked worse than 50.96% of 1778
companies
in the Construction industry
Industry Median: 19.5
vs TSE:1981: 18.93
Kyowanissei Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.90% per year.
Kyowanissei Co (TSE:1981) 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.
Kyowanissei Co ROC (Joel Greenblatt) % Related Terms
Kyowanissei Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Kyowanissei 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:1981 vs TT, JCI, CARR: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Kyowanissei 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.
Kyowanissei Co ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Kyowanissei Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kyowanissei Co's ROC (Joel Greenblatt) % falls into.
Kyowanissei 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 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 22.20% mean?
Kyowanissei Co (TSE:1981) has a ROC (Joel Greenblatt) % of 22.20% 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 Kyowanissei Co and its competitors. This is near median its historical median of 21.35. Over the past decade, Kyowanissei Co's ROC (Joel Greenblatt) % has ranged from 18.43 to 40.62. According to the industry distribution chart, Kyowanissei Co ranks #906 out of 1778 companies in the Construction industry, placing it in the top 51%.
Is Kyowanissei Co's ROC (Joel Greenblatt) % too high?
Kyowanissei Co's current ROC (Joel Greenblatt) % of 22.20% is near median its 10-year median of 21.35. Over the past 10 years, this metric has ranged from a low of 18.43 to a high of 40.62. The Construction industry median ROC (Joel Greenblatt) % is 19.50. Kyowanissei Co's value of 22.20% is 13.8% above this industry median. Based on the distribution chart, Kyowanissei Co ranks #906 out of 1778 companies in the Construction industry, which is below the industry midpoint. Overall, Kyowanissei Co has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kyowanissei Co's ROC (Joel Greenblatt) % compare to TT and JCI?
According to the Construction industry distribution chart, Kyowanissei Co ranks #906 out of 1778 companies for ROC (Joel Greenblatt) %. This places Kyowanissei Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.50. Kyowanissei Co's value of 22.20% is 13.8% above this benchmark. Historically, Kyowanissei Co's own ROC (Joel Greenblatt) % has ranged from 18.43 to 40.62 over the past decade. While the company's 10-year median is 21.35 vs. the industry median of 19.50, Kyowanissei 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 19.50, based on 1,778 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. Kyowanissei Co's current ROC (Joel Greenblatt) % of 22.20% is 13.8% 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 Kyowanissei Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyowanissei Co's current ROC (Joel Greenblatt) % is 22.20%, which is near median its own 10-year median of 21.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyowanissei Co stock overvalued right now?
Based on GuruFocus' analysis, Kyowanissei Co (TSE:1981) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,658.65, compared to a current price of 円1,314.00 — trading 20.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 22.20%, which is near median its 10-year median of 21.35 and 13.8% above the Construction industry median of 19.50. Kyowanissei Co's overall GF Score™ is 54/100 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 Kyowanissei Co (TSE:1981), the current ROC (Joel Greenblatt) % is 22.20% 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 Kyowanissei Co (TSE:1981) Overvalued in 2026?
Based on GuruFocus' analysis, Kyowanissei Co stock appears to be undervalued.
The current stock price of 円1,314.00 is trading 20.8% below its estimated GF Value™ of 円1,658.65.
GuruFocus considers Kyowanissei Co to be Modestly Undervalued.
Key valuation signals for TSE:1981:
ROC (Joel Greenblatt) %: 22.20% (near median its 10-year median of 21.35)
GF Value™: 円1,658.65 vs. price of 円1,314.00 (20.8% below fair value)
Industry Position: 13.8% above the Construction median (#906 of 1778)
No single metric tells the full story. See the TSE:1981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kyowanissei Co Ltd is engaged in the construction business in Japan. It constructs gas facilities & apartment buildings & plant facilities It also provides maintenance, repair & installation services for sanitary equipment & air conditioning equipment. Its gasworks includes interior and underground piping work; construction and facility work include construction work, water supply, and drainage work, the air-conditioning system work and interior finishing work; electrical facility and civil engineering work include underground burial of electric cables work, engineering work, as well as water and sewerage work. Its segments include: Construction facilities business; Gas equipment business; Gas pipeline business; and Electrical installation/civil engineering business.
54GF Score
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