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Nitto Fuji Flour Milling CoTSE:2003 -0.05%72 ROC (Joel Greenblatt) % is 20.46% as of Mar. 2026, which is 1% below its 10-year median of 20.60. GuruFocus rates TSE:2003 with a GF Score™ of 72/100 and a GF Value™ of 円1,718.00 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,979 Consumer Packaged Goods companies, Nitto Fuji Flour Milling Co ranks better than 61.7% 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. Nitto Fuji Flour Milling Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.46%.
The historical rank and industry rank for Nitto Fuji Flour Milling Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2003'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.36 Med: 20.6 Max: 24.25
Current: 16.36
During the past 13 years, Nitto Fuji Flour Milling Co's highest ROC (Joel Greenblatt) % was 24.25%. The lowest was 16.36%. And the median was 20.60%.
TSE:2003's ROC (Joel Greenblatt) % is ranked better than 61.7% of 1979
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs TSE:2003: 16.36
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.
* 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.
Nitto Fuji Flour Milling Co ROC (Joel Greenblatt) % Chart
TSE:2003 vs ADM, BG, TSN: ROC (Joel Greenblatt) % Comparison
For the Farm Products subindustry, Nitto Fuji Flour Milling 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.
Nitto Fuji Flour Milling Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nitto Fuji Flour Milling Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nitto Fuji Flour Milling Co's ROC (Joel Greenblatt) % falls into.
Nitto Fuji Flour Milling 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 20.46% mean?
Nitto Fuji Flour Milling Co (TSE:2003) has a ROC (Joel Greenblatt) % of 20.46% 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 Nitto Fuji Flour Milling Co and its competitors. This is near median its historical median of 20.60. Over the past decade, Nitto Fuji Flour Milling Co's ROC (Joel Greenblatt) % has ranged from 16.36 to 24.25. According to the industry distribution chart, Nitto Fuji Flour Milling Co ranks #758 out of 1979 companies in the Consumer Packaged Goods industry, placing it in the top 38.3%.
Is Nitto Fuji Flour Milling Co's ROC (Joel Greenblatt) % too high?
Nitto Fuji Flour Milling Co's current ROC (Joel Greenblatt) % of 20.46% is near median its 10-year median of 20.60. Over the past 10 years, this metric has ranged from a low of 16.36 to a high of 24.25. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Nitto Fuji Flour Milling Co's value of 20.46% is 70.6% above this industry median. Based on the distribution chart, Nitto Fuji Flour Milling Co ranks #758 out of 1979 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Nitto Fuji Flour Milling Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nitto Fuji Flour Milling Co's ROC (Joel Greenblatt) % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Nitto Fuji Flour Milling Co ranks #758 out of 1979 companies for ROC (Joel Greenblatt) %. This puts Nitto Fuji Flour Milling Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Nitto Fuji Flour Milling Co's value of 20.46% is 70.6% above this benchmark. Historically, Nitto Fuji Flour Milling Co's own ROC (Joel Greenblatt) % has ranged from 16.36 to 24.25 over the past decade. While the company's 10-year median is 20.60 vs. the industry median of 11.99, Nitto Fuji Flour Milling 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,979 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. Nitto Fuji Flour Milling Co's current ROC (Joel Greenblatt) % of 20.46% is 70.6% 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 Nitto Fuji Flour Milling Co and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitto Fuji Flour Milling Co's current ROC (Joel Greenblatt) % is 20.46%, which is near median its own 10-year median of 20.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Fuji Flour Milling Co stock overvalued right now?
Based on GuruFocus' analysis, Nitto Fuji Flour Milling Co (TSE:2003) is currently considered Fairly Valued. The stock's GF Value™ is 円1,718.00, compared to a current price of 円1,821.00 — trading 6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 20.46%, which is near median its 10-year median of 20.60 and 70.6% above the Consumer Packaged Goods industry median of 11.99. Nitto Fuji Flour Milling Co's overall GF Score™ is 72/100 with 8 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 Nitto Fuji Flour Milling Co (TSE:2003), the current ROC (Joel Greenblatt) % is 20.46% 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 Nitto Fuji Flour Milling Co (TSE:2003) Overvalued in 2026?
Based on GuruFocus' analysis, Nitto Fuji Flour Milling Co stock appears to be overvalued.
The current stock price of 円1,821.00 is trading 6% above its estimated GF Value™ of 円1,718.00.
GuruFocus considers Nitto Fuji Flour Milling Co to be Fairly Valued.
Key valuation signals for TSE:2003:
ROC (Joel Greenblatt) %: 20.46% (near median its 10-year median of 20.60)
GF Value™: 円1,718.00 vs. price of 円1,821.00 (6% above fair value)
Industry Position: 70.6% above the Consumer Packaged Goods median (#758 of 1979)
No single metric tells the full story. See the TSE:2003 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitto Fuji Flour Milling Co Ltd is engaged in the manufacture and sale of wheat flour and bran. The company is also involved in warehousing business and designing and installation of machines and equipment.
72GF Score
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