Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Showangyo CoTSE:2004 -0.72%68 ROC (Joel Greenblatt) % is 6.54% as of Mar. 2026, which is 33% below its 10-year median of 9.78. GuruFocus rates TSE:2004 with a GF Score™ of 68/100 and a GF Value™ of 円3,030.21 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,982 Consumer Packaged Goods companies, Showangyo Co ranks worse than 54.19% 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. Showangyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.54%.
The historical rank and industry rank for Showangyo Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2004'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.88 Med: 9.78 Max: 11.56
Current: 10.33
During the past 13 years, Showangyo Co's highest ROC (Joel Greenblatt) % was 11.56%. The lowest was 4.88%. And the median was 9.78%.
TSE:2004's ROC (Joel Greenblatt) % is ranked worse than 54.19% of 1982
companies
in the Consumer Packaged Goods industry
Industry Median: 11.985
vs TSE:2004: 10.33
Showangyo Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.20% per year.
Showangyo Co (TSE:2004) 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.
Showangyo Co ROC (Joel Greenblatt) % Related Terms
Showangyo Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Showangyo 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:2004 vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Showangyo 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.
Showangyo Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Showangyo Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Showangyo 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 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 6.54% mean?
Showangyo Co (TSE:2004) has a ROC (Joel Greenblatt) % of 6.54% 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 Showangyo Co and its competitors. This is 33% below median its historical median of 9.78. Over the past decade, Showangyo Co's ROC (Joel Greenblatt) % has ranged from 4.88 to 11.56. According to the industry distribution chart, Showangyo Co ranks #1074 out of 1982 companies in the Consumer Packaged Goods industry, placing it in the top 54.2%.
Is Showangyo Co's ROC (Joel Greenblatt) % too high?
Showangyo Co's current ROC (Joel Greenblatt) % of 6.54% is 33% below median its 10-year median of 9.78. Over the past 10 years, this metric has ranged from a low of 4.88 to a high of 11.56. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Showangyo Co's value of 6.54% is 45.4% below this industry median. Based on the distribution chart, Showangyo Co ranks #1074 out of 1982 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Showangyo Co has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Showangyo Co's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Showangyo Co ranks #1074 out of 1982 companies for ROC (Joel Greenblatt) %. This places Showangyo Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Showangyo Co's value of 6.54% is 45.4% below this benchmark. Historically, Showangyo Co's own ROC (Joel Greenblatt) % has ranged from 4.88 to 11.56 over the past decade. While the company's 10-year median is 9.78 vs. the industry median of 11.99, Showangyo Co has consistently been below 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 1,982 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. Showangyo Co's current ROC (Joel Greenblatt) % of 6.54% is 45.4% below 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 Showangyo 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. Showangyo Co's current ROC (Joel Greenblatt) % is 6.54%, which is 33% below median its own 10-year median of 9.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Showangyo Co stock overvalued right now?
Based on GuruFocus' analysis, Showangyo Co (TSE:2004) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,030.21, compared to a current price of 円3,465.00 — trading 14.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 6.54%, which is 33% below median its 10-year median of 9.78 and 45.4% below the Consumer Packaged Goods industry median of 11.99. Showangyo Co's overall GF Score™ is 68/100 with 5 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 Showangyo Co (TSE:2004), the current ROC (Joel Greenblatt) % is 6.54% 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 Showangyo Co (TSE:2004) Overvalued in 2026?
Based on GuruFocus' analysis, Showangyo Co stock appears to be overvalued.
The current stock price of 円3,465.00 is trading 14.3% above its estimated GF Value™ of 円3,030.21.
GuruFocus considers Showangyo Co to be Modestly Overvalued.
Key valuation signals for TSE:2004:
ROC (Joel Greenblatt) %: 6.54% (33% below median its 10-year median of 9.78)
GF Value™: 円3,030.21 vs. price of 円3,465.00 (14.3% above fair value)
Industry Position: 45.4% below the Consumer Packaged Goods median (#1074 of 1982)
No single metric tells the full story. See the TSE:2004 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Showa Sangyo Co Ltd is a comprehensive food manufacturer that operates businesses in flour milling, vegetable oils, starches, sweeteners, and other food items. Based out of Asia, it processes imported raw materials to make seasonings, beverages, frozen foods, and other ready-to-eat products. The products are distributed to retailers and other wholesalers to help provide a diversified reach. Additional sources of income come from warehousing and real estate. It owns large silos to store grain for internal use and to supply other manufacturers. The real estate division develops commercial facilities and leases office buildings and acreage.
68GF Score
Get the complete analysis for TSE:2004
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:2004 has been successfully added to your 
