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AzearthTSE:3161 +0.46%65 ROC (Joel Greenblatt) % is 10.56% as of Apr. 2026, which is 24% above its 10-year median of 8.52. GuruFocus rates TSE:3161 with a GF Score™ of 65/100 and a GF Value™ of 円654.41 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,061 Manufacturing - Apparel & Accessories companies, Azearth ranks worse than 58.15% 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. Azearth's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 10.56%.
The historical rank and industry rank for Azearth's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3161'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.97 Med: 8.52 Max: 25.7
Current: 5.97
During the past 13 years, Azearth's highest ROC (Joel Greenblatt) % was 25.70%. The lowest was 5.97%. And the median was 8.52%.
TSE:3161's ROC (Joel Greenblatt) % is ranked worse than 58.15% of 1061
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.53
vs TSE:3161: 5.97
Azearth's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -22.20% 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.
The historical data trend for Azearth'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.
For the Textile Manufacturing subindustry, Azearth'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.
Azearth ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azearth's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Azearth'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 two times the semi-annual (Apr. 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 10.56% mean?
Azearth (TSE:3161) has a ROC (Joel Greenblatt) % of 10.56% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Azearth and its competitors. This is 24% above median its historical median of 8.52. Over the past decade, Azearth's ROC (Joel Greenblatt) % has ranged from 5.97 to 25.70. According to the industry distribution chart, Azearth ranks #617 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 58.2%.
Is Azearth's ROC (Joel Greenblatt) % too high?
Azearth's current ROC (Joel Greenblatt) % of 10.56% is 24% above median its 10-year median of 8.52. Over the past 10 years, this metric has ranged from a low of 5.97 to a high of 25.70. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.53. Azearth's value of 10.56% is 23.8% above this industry median. Based on the distribution chart, Azearth ranks #617 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Azearth has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Azearth's ROC (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Azearth ranks #617 out of 1061 companies for ROC (Joel Greenblatt) %. This places Azearth in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.53. Azearth's value of 10.56% is 23.8% above this benchmark. Historically, Azearth's own ROC (Joel Greenblatt) % has ranged from 5.97 to 25.70 over the past decade. While the company's 10-year median is 8.52 vs. the industry median of 8.53, Azearth 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.53, based on 1,061 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. Azearth's current ROC (Joel Greenblatt) % of 10.56% is 23.8% 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 Azearth and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azearth's current ROC (Joel Greenblatt) % is 10.56%, which is 24% above median its own 10-year median of 8.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azearth stock overvalued right now?
Based on GuruFocus' analysis, Azearth (TSE:3161) is currently considered Fairly Valued. The stock's GF Value™ is 円654.41, compared to a current price of 円659.00 — trading 0.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.56%, which is 24% above median its 10-year median of 8.52 and 23.8% above the Manufacturing - Apparel & Accessories industry median of 8.53. Azearth's overall GF Score™ is 65/100 with 6 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 Azearth (TSE:3161), the current ROC (Joel Greenblatt) % is 10.56% as of Apr. 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 Azearth (TSE:3161) Overvalued in 2026?
Based on GuruFocus' analysis, Azearth stock appears to be overvalued.
The current stock price of 円659.00 is trading 0.7% above its estimated GF Value™ of 円654.41.
GuruFocus considers Azearth to be Fairly Valued.
Key valuation signals for TSE:3161:
ROC (Joel Greenblatt) %: 10.56% (24% above median its 10-year median of 8.52)
GF Value™: 円654.41 vs. price of 円659.00 (0.7% above fair value)
Industry Position: 23.8% above the Manufacturing - Apparel & Accessories median (#617 of 1061)
No single metric tells the full story. See the TSE:3161 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azearth Corp is a Japan-based company engaged in the manufacture and sale of protective wear, healthcare products, and life material products. It operates through three reportable segments: Protective Clothing & Environmental Equipment, Healthcare Products, and Life Materials. The Protective Clothing & Environmental Equipment segment includes chemical protective suits, industrial safety clothing, and related equipment. The Healthcare Products segment focuses on nonwoven fabric items such as masks and gowns used in medical settings. The Life Materials segment handles apparel materials like pile fabrics and offers a range of bedding products, including pillows and mattresses.
65GF Score
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