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Miyaji Engineering GroupTSE:3431 -0.26%62 ROC (Joel Greenblatt) % is 13.30% as of Mar. 2026, which is 44% below its 10-year median of 23.62. GuruFocus rates TSE:3431 with a GF Score™ of 62/100 and a GF Value™ of 円1,529.29 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,786 Construction companies, Miyaji Engineering Group ranks worse than 58.12% 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. Miyaji Engineering Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.30%.
The historical rank and industry rank for Miyaji Engineering Group's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3431'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.41 Med: 23.62 Max: 33.27
Current: 13.41
During the past 13 years, Miyaji Engineering Group's highest ROC (Joel Greenblatt) % was 33.27%. The lowest was 13.41%. And the median was 23.62%.
TSE:3431's ROC (Joel Greenblatt) % is ranked worse than 58.12% of 1786
companies
in the Construction industry
Industry Median: 19.575
vs TSE:3431: 13.41
Miyaji Engineering Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -3.60% per year.
Miyaji Engineering Group (TSE:3431) 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.
Miyaji Engineering Group ROC (Joel Greenblatt) % Related Terms
Miyaji Engineering Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Miyaji Engineering Group'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.
Miyaji Engineering Group ROC (Joel Greenblatt) % Chart
TSE:3431 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Miyaji Engineering Group'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.
Miyaji Engineering Group ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Miyaji Engineering Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Miyaji Engineering Group's ROC (Joel Greenblatt) % falls into.
Miyaji Engineering Group 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 13.30% mean?
Miyaji Engineering Group (TSE:3431) has a ROC (Joel Greenblatt) % of 13.30% 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 Miyaji Engineering Group and its competitors. This is 44% below median its historical median of 23.62. Over the past decade, Miyaji Engineering Group's ROC (Joel Greenblatt) % has ranged from 13.41 to 33.27. According to the industry distribution chart, Miyaji Engineering Group ranks #1038 out of 1786 companies in the Construction industry, placing it in the top 58.1%.
Is Miyaji Engineering Group's ROC (Joel Greenblatt) % too high?
Miyaji Engineering Group's current ROC (Joel Greenblatt) % of 13.30% is 44% below median its 10-year median of 23.62. Over the past 10 years, this metric has ranged from a low of 13.41 to a high of 33.27. The Construction industry median ROC (Joel Greenblatt) % is 19.58. Miyaji Engineering Group's value of 13.30% is 32.1% below this industry median. Based on the distribution chart, Miyaji Engineering Group ranks #1038 out of 1786 companies in the Construction industry, which is below the industry midpoint. Overall, Miyaji Engineering Group has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Miyaji Engineering Group's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Miyaji Engineering Group ranks #1038 out of 1786 companies for ROC (Joel Greenblatt) %. This places Miyaji Engineering Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.58. Miyaji Engineering Group's value of 13.30% is 32.1% below this benchmark. Historically, Miyaji Engineering Group's own ROC (Joel Greenblatt) % has ranged from 13.41 to 33.27 over the past decade. While the company's 10-year median is 23.62 vs. the industry median of 19.58, Miyaji Engineering Group 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.58, based on 1,786 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. Miyaji Engineering Group's current ROC (Joel Greenblatt) % of 13.30% is 32.1% 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 Miyaji Engineering Group and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miyaji Engineering Group's current ROC (Joel Greenblatt) % is 13.30%, which is 44% below median its own 10-year median of 23.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miyaji Engineering Group stock overvalued right now?
Based on GuruFocus' analysis, Miyaji Engineering Group (TSE:3431) is currently considered Fairly Valued. The stock's GF Value™ is 円1,529.29, compared to a current price of 円1,562.00 — trading 2.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.30%, which is 44% below median its 10-year median of 23.62 and 32.1% below the Construction industry median of 19.58. Miyaji Engineering Group's overall GF Score™ is 62/100 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 Miyaji Engineering Group (TSE:3431), the current ROC (Joel Greenblatt) % is 13.30% 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 Miyaji Engineering Group (TSE:3431) Overvalued in 2026?
Based on GuruFocus' analysis, Miyaji Engineering Group stock appears to be overvalued.
The current stock price of 円1,562.00 is trading 2.1% above its estimated GF Value™ of 円1,529.29.
GuruFocus considers Miyaji Engineering Group to be Fairly Valued.
Key valuation signals for TSE:3431:
ROC (Joel Greenblatt) %: 13.30% (44% below median its 10-year median of 23.62)
GF Value™: 円1,529.29 vs. price of 円1,562.00 (2.1% above fair value)
Industry Position: 32.1% below the Construction median (#1038 of 1786)
No single metric tells the full story. See the TSE:3431 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Miyaji Engineering Group Inc is a Japan-based construction engineering company. Along with its subsidiaries, the firm is engaged in designing, production, installation, maintenance, and repair of bridges, steel frames, and other steel structures. The company also undertakes civil engineering work and floor planning.
62GF Score
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