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Shikoku Kasei HoldingsTSE:4099 -2.09%80 ROC (Joel Greenblatt) % is 31.60% as of Dec. 2025, which is 14% above its 10-year median of 27.79. GuruFocus rates TSE:4099 with a GF Score™ of 80/100 and a GF Value™ of 円1,214.29 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,606 Chemicals companies, Shikoku Kasei Holdings ranks better than 87.24% 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. Shikoku Kasei Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 31.60%.
The historical rank and industry rank for Shikoku Kasei Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4099'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 25.27 Med: 27.79 Max: 30.65
Current: 29.89
During the past 13 years, Shikoku Kasei Holdings's highest ROC (Joel Greenblatt) % was 30.65%. The lowest was 25.27%. And the median was 27.79%.
TSE:4099's ROC (Joel Greenblatt) % is ranked better than 87.24% of 1606
companies
in the Chemicals industry
Industry Median: 9.51
vs TSE:4099: 29.89
Shikoku Kasei Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.90% 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.
Shikoku Kasei Holdings ROC (Joel Greenblatt) % Related Terms
Shikoku Kasei Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Shikoku Kasei Holdings'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:4099 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Shikoku Kasei Holdings'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.
Shikoku Kasei Holdings ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shikoku Kasei Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shikoku Kasei Holdings'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 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 31.60% mean?
Shikoku Kasei Holdings (TSE:4099) has a ROC (Joel Greenblatt) % of 31.60% 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 Shikoku Kasei Holdings and its competitors. This is 14% above median its historical median of 27.79. Over the past decade, Shikoku Kasei Holdings' ROC (Joel Greenblatt) % has ranged from 25.27 to 30.65. According to the industry distribution chart, Shikoku Kasei Holdings ranks #205 out of 1606 companies in the Chemicals industry, placing it in the top 12.8%.
Is Shikoku Kasei Holdings' ROC (Joel Greenblatt) % too high?
Shikoku Kasei Holdings' current ROC (Joel Greenblatt) % of 31.60% is 14% above median its 10-year median of 27.79. Over the past 10 years, this metric has ranged from a low of 25.27 to a high of 30.65. The Chemicals industry median ROC (Joel Greenblatt) % is 9.51. Shikoku Kasei Holdings' value of 31.60% is 232.3% above this industry median. Based on the distribution chart, Shikoku Kasei Holdings ranks #205 out of 1606 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Shikoku Kasei Holdings has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shikoku Kasei Holdings' ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shikoku Kasei Holdings ranks #205 out of 1606 companies for ROC (Joel Greenblatt) %. This places Shikoku Kasei Holdings in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.51. Shikoku Kasei Holdings' value of 31.60% is 232.3% above this benchmark. Historically, Shikoku Kasei Holdings' own ROC (Joel Greenblatt) % has ranged from 25.27 to 30.65 over the past decade. While the company's 10-year median is 27.79 vs. the industry median of 9.51, Shikoku Kasei Holdings 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 9.51, based on 1,606 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. Shikoku Kasei Holdings's current ROC (Joel Greenblatt) % of 31.60% is 232.3% 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 Shikoku Kasei Holdings and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shikoku Kasei Holdings's current ROC (Joel Greenblatt) % is 31.60%, which is 14% above median its own 10-year median of 27.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shikoku Kasei Holdings stock overvalued right now?
Based on GuruFocus' analysis, Shikoku Kasei Holdings (TSE:4099) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,214.29, compared to a current price of 円2,759.00 — trading 127.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 31.60%, which is 14% above median its 10-year median of 27.79 and 232.3% above the Chemicals industry median of 9.51. Shikoku Kasei Holdings' overall GF Score™ is 80/100 with 1 warning sign 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 Shikoku Kasei Holdings (TSE:4099), the current ROC (Joel Greenblatt) % is 31.60% 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 Shikoku Kasei Holdings (TSE:4099) Overvalued in 2026?
Based on GuruFocus' analysis, Shikoku Kasei Holdings stock appears to be overvalued.
The current stock price of 円2,759.00 is trading 127.2% above its estimated GF Value™ of 円1,214.29.
GuruFocus considers Shikoku Kasei Holdings to be Significantly Overvalued.
Key valuation signals for TSE:4099:
ROC (Joel Greenblatt) %: 31.60% (14% above median its 10-year median of 27.79)
GF Value™: 円1,214.29 vs. price of 円2,759.00 (127.2% above fair value)
Industry Position: 232.3% above the Chemicals median (#205 of 1606)
No single metric tells the full story. See the TSE:4099 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shikoku Kasei Holdings Corp is engaged in the chemicals and building material business. The chemicals are used in various things and places such as automobiles, smartphones, and pools. The building material products add color to living spaces, such as painted walls, garage front doors, and archways for public facilities.
80GF Score
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