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TomoegawaTSE:3878 +1.56%64 ROC (Joel Greenblatt) % is 5.86% as of Mar. 2026, which is 9% below its 10-year median of 6.45. GuruFocus rates TSE:3878 with a GF Score™ of 64/100 and a GF Value™ of 円820.95 (Fairly Valued). The stock has 4 warning signs investors should review. Among 285 Forest Products companies, Tomoegawa ranks better than 61.75% 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. Tomoegawa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.86%.
The historical rank and industry rank for Tomoegawa's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3878'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.59 Med: 6.45 Max: 11.84
Current: 7.1
During the past 13 years, Tomoegawa's highest ROC (Joel Greenblatt) % was 11.84%. The lowest was -1.59%. And the median was 6.45%.
TSE:3878's ROC (Joel Greenblatt) % is ranked better than 61.75% of 285
companies
in the Forest Products industry
Industry Median: 4.67
vs TSE:3878: 7.10
Tomoegawa's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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 Tomoegawa'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 Paper & Paper Products subindustry, Tomoegawa'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.
Tomoegawa ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Tomoegawa's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tomoegawa'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 (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 5.86% mean?
Tomoegawa (TSE:3878) has a ROC (Joel Greenblatt) % of 5.86% 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 Tomoegawa and its competitors. This is near median its historical median of 6.45. According to the industry distribution chart, Tomoegawa ranks #109 out of 285 companies in the Forest Products industry, placing it in the top 38.2%.
Is Tomoegawa's ROC (Joel Greenblatt) % too high?
Tomoegawa's current ROC (Joel Greenblatt) % of 5.86% is near median its 10-year median of 6.45. The Forest Products industry median ROC (Joel Greenblatt) % is 4.67. Tomoegawa's value of 5.86% is 25.5% above this industry median. Based on the distribution chart, Tomoegawa ranks #109 out of 285 companies in the Forest Products industry, which is above the industry midpoint. Overall, Tomoegawa has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tomoegawa's ROC (Joel Greenblatt) % compare to competitors?
According to the Forest Products industry distribution chart, Tomoegawa ranks #109 out of 285 companies for ROC (Joel Greenblatt) %. This puts Tomoegawa in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 4.67. Tomoegawa's value of 5.86% is 25.5% above this benchmark. While the company's 10-year median is 6.45 vs. the industry median of 4.67, Tomoegawa 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 Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.67, based on 285 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. Tomoegawa's current ROC (Joel Greenblatt) % of 5.86% is 25.5% 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 Tomoegawa and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomoegawa's current ROC (Joel Greenblatt) % is 5.86%, which is near median its own 10-year median of 6.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomoegawa stock overvalued right now?
Based on GuruFocus' analysis, Tomoegawa (TSE:3878) is currently considered Fairly Valued. The stock's GF Value™ is 円820.95, compared to a current price of 円848.00 — trading 3.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 5.86%, which is near median its 10-year median of 6.45 and 25.5% above the Forest Products industry median of 4.67. Tomoegawa's overall GF Score™ is 64/100 with 4 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 Tomoegawa (TSE:3878), the current ROC (Joel Greenblatt) % is 5.86% 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 Tomoegawa (TSE:3878) Overvalued in 2026?
Based on GuruFocus' analysis, Tomoegawa stock appears to be overvalued.
The current stock price of 円848.00 is trading 3.3% above its estimated GF Value™ of 円820.95.
GuruFocus considers Tomoegawa to be Fairly Valued.
Key valuation signals for TSE:3878:
ROC (Joel Greenblatt) %: 5.86% (near median its 10-year median of 6.45)
GF Value™: 円820.95 vs. price of 円848.00 (3.3% above fair value)
Industry Position: 25.5% above the Forest Products median (#109 of 285)
No single metric tells the full story. See the TSE:3878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomoegawa Corp manufactures, processes, and sells electronics parts, display parts, fine particles, functional sheets, and specialty paper products. It offers clear hard coat films for screen protection of mobile devices; adhesive tapes for circuit boards; and lids for hermetic seal package, as well as electrostatic chuck for LSI and LCD manufacturing process. The company also provides display component materials; and display film products. It offers fine particle materials, such as magnetic toners, non-magnetic toners, full color toners; information printing materials comprising inkjet; and special fiber sheets, including stainless fiber sheets, fluorine fiber sheets. Further, it provides ultra-lightweight printing papers; and insulating papers, conductive papers, absorbing papers.
64GF Score
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