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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. Furubayashi Shiko Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Furubayashi Shiko Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3944'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.2 Med: 10.03 Max: 13.89
Current: 3.68
During the past 13 years, Furubayashi Shiko Co's highest ROC (Joel Greenblatt) % was 13.89%. The lowest was 1.20%. And the median was 10.03%.
TSE:3944's ROC (Joel Greenblatt) % is ranked worse than 71.71% of 403
companies
in the Packaging & Containers industry
Industry Median: 8.91
vs TSE:3944: 3.68
Furubayashi Shiko Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 38.60% per year.
Furubayashi Shiko Co (TSE:3944) 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.
Furubayashi Shiko Co ROC (Joel Greenblatt) % Related Terms
Furubayashi Shiko Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Furubayashi Shiko 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.
Furubayashi Shiko Co ROC (Joel Greenblatt) % Chart
TSE:3944 vs SW, PKG, IP: ROC (Joel Greenblatt) % Comparison
For the Packaging & Containers subindustry, Furubayashi Shiko 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.
Furubayashi Shiko Co ROC (Joel Greenblatt) % vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Furubayashi Shiko Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Furubayashi Shiko Co's ROC (Joel Greenblatt) % falls into.
Furubayashi Shiko 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 four times the quarterly (Dec. 2025) 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 0.00% mean?
Furubayashi Shiko Co (TSE:3944) has a ROC (Joel Greenblatt) % of 0.00% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Furubayashi Shiko Co and its competitors. Over the past decade, Furubayashi Shiko Co's ROC (Joel Greenblatt) % has ranged from 1.20 to 13.89. According to the industry distribution chart, Furubayashi Shiko Co ranks #289 out of 403 companies in the Packaging & Containers industry, placing it in the top 71.7%.
Is Furubayashi Shiko Co's ROC (Joel Greenblatt) % too high?
Furubayashi Shiko Co's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 13.89. Based on the distribution chart, Furubayashi Shiko Co ranks #289 out of 403 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Furubayashi Shiko Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Furubayashi Shiko Co's ROC (Joel Greenblatt) % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Furubayashi Shiko Co ranks #289 out of 403 companies for ROC (Joel Greenblatt) %. This places Furubayashi Shiko Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.91. Historically, Furubayashi Shiko Co's own ROC (Joel Greenblatt) % has ranged from 1.20 to 13.89 over the past decade. 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 Packaging & Containers company?
The median ROC (Joel Greenblatt) % among Packaging & Containers companies is 8.91, based on 403 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. 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 Furubayashi Shiko Co and its competitors. For the Packaging & Containers industry, the median ROC (Joel Greenblatt) % is 8.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Furubayashi Shiko Co's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Furubayashi Shiko Co stock overvalued right now?
Based on GuruFocus' analysis, Furubayashi Shiko Co (TSE:3944) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,085.25, compared to a current price of 円2,795.00 — trading 34% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Furubayashi Shiko Co's overall GF Score™ is 66/100 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 Furubayashi Shiko Co (TSE:3944), the current ROC (Joel Greenblatt) % is 0.00% as of Dec. 2025. 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 Furubayashi Shiko Co (TSE:3944) Overvalued in 2026?
Based on GuruFocus' analysis, Furubayashi Shiko Co stock appears to be overvalued.
The current stock price of 円2,795.00 is trading 34% above its estimated GF Value™ of 円2,085.25.
GuruFocus considers Furubayashi Shiko Co to be Significantly Overvalued.
Key valuation signals for TSE:3944:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: 円2,085.25 vs. price of 円2,795.00 (34% above fair value)
No single metric tells the full story. See the TSE:3944 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Furubayashi Shiko Co Ltd is a Japan based manufacturer of printed paper products such as printed paperboard containers for packaging food, liquors, and detergents. The products offered by the company are paper cartons, containers, roll-up packaging materials, labels and other packaging materials, packaging systems, contracts, and others.
66GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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