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Nihon Kagakungyo CoTSE:4094 +1.44%64 ROC (Joel Greenblatt) % is 19.68% as of Mar. 2026, which is 6% below its 10-year median of 20.89. GuruFocus rates TSE:4094 with a GF Score™ of 64/100 and a GF Value™ of 円1,863.03 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,605 Chemicals companies, Nihon Kagakungyo Co ranks better than 76.26% 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. Nihon Kagakungyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.68%.
The historical rank and industry rank for Nihon Kagakungyo Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4094'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.54 Med: 20.89 Max: 31.79
Current: 20.47
During the past 13 years, Nihon Kagakungyo Co's highest ROC (Joel Greenblatt) % was 31.79%. The lowest was 16.54%. And the median was 20.89%.
TSE:4094's ROC (Joel Greenblatt) % is ranked better than 76.26% of 1605
companies
in the Chemicals industry
Industry Median: 9.55
vs TSE:4094: 20.47
Nihon Kagakungyo Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -3.20% per year.
Nihon Kagakungyo Co (TSE:4094) 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.
Nihon Kagakungyo Co ROC (Joel Greenblatt) % Related Terms
Nihon Kagakungyo Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nihon Kagakungyo 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:4094 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Nihon Kagakungyo 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.
Nihon Kagakungyo Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nihon Kagakungyo Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nihon Kagakungyo Co's ROC (Joel Greenblatt) % falls into.
Nihon Kagakungyo 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 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 19.68% mean?
Nihon Kagakungyo Co (TSE:4094) has a ROC (Joel Greenblatt) % of 19.68% 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 Nihon Kagakungyo Co and its competitors. This is near median its historical median of 20.89. Over the past decade, Nihon Kagakungyo Co's ROC (Joel Greenblatt) % has ranged from 16.54 to 31.79. According to the industry distribution chart, Nihon Kagakungyo Co ranks #381 out of 1605 companies in the Chemicals industry, placing it in the top 23.7%.
Is Nihon Kagakungyo Co's ROC (Joel Greenblatt) % too high?
Nihon Kagakungyo Co's current ROC (Joel Greenblatt) % of 19.68% is near median its 10-year median of 20.89. Over the past 10 years, this metric has ranged from a low of 16.54 to a high of 31.79. The Chemicals industry median ROC (Joel Greenblatt) % is 9.55. Nihon Kagakungyo Co's value of 19.68% is 106.1% above this industry median. Based on the distribution chart, Nihon Kagakungyo Co ranks #381 out of 1605 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nihon Kagakungyo Co has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Kagakungyo Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nihon Kagakungyo Co ranks #381 out of 1605 companies for ROC (Joel Greenblatt) %. This places Nihon Kagakungyo Co in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.55. Nihon Kagakungyo Co's value of 19.68% is 106.1% above this benchmark. Historically, Nihon Kagakungyo Co's own ROC (Joel Greenblatt) % has ranged from 16.54 to 31.79 over the past decade. While the company's 10-year median is 20.89 vs. the industry median of 9.55, Nihon Kagakungyo Co 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.55, based on 1,605 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. Nihon Kagakungyo Co's current ROC (Joel Greenblatt) % of 19.68% is 106.1% 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 Nihon Kagakungyo Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Kagakungyo Co's current ROC (Joel Greenblatt) % is 19.68%, which is near median its own 10-year median of 20.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Kagakungyo Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Kagakungyo Co (TSE:4094) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,863.03, compared to a current price of 円2,111.00 — trading 13.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 19.68%, which is near median its 10-year median of 20.89 and 106.1% above the Chemicals industry median of 9.55. Nihon Kagakungyo Co's overall GF Score™ is 64/100 with 2 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 Nihon Kagakungyo Co (TSE:4094), the current ROC (Joel Greenblatt) % is 19.68% 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 Nihon Kagakungyo Co (TSE:4094) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Kagakungyo Co stock appears to be overvalued.
The current stock price of 円2,111.00 is trading 13.3% above its estimated GF Value™ of 円1,863.03.
GuruFocus considers Nihon Kagakungyo Co to be Modestly Overvalued.
Key valuation signals for TSE:4094:
ROC (Joel Greenblatt) %: 19.68% (near median its 10-year median of 20.89)
GF Value™: 円1,863.03 vs. price of 円2,111.00 (13.3% above fair value)
Industry Position: 106.1% above the Chemicals median (#381 of 1605)
No single metric tells the full story. See the TSE:4094 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Kagaku Sangyo Co Ltd is a Japan-based chemical manufacturer. Its business activities are divided into two divisions including Chemical business which is engaged in production and sales of organic and inorganic industrial chemicals. And Building Materials business which offers metal products. Its chemical product offerings include copper compounds, tin compounds, nickel compounds, cobalt compounds, metallic soaps, among others. The building materials division offers products including plancier air vent, nent roof, finish hardware, mail post, approach stainless steel, handrails, heat exchanger, metal eaves fascia and cold rolling forming hardware.
64GF Score
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