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Tigers PolymerTSE:4231 -1.46%74 ROC (Joel Greenblatt) % is 13.58% as of Mar. 2026, which is 8% above its 10-year median of 12.56. GuruFocus rates TSE:4231 with a GF Score™ of 74/100 and a GF Value™ of 円890.75 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,606 Chemicals companies, Tigers Polymer ranks better than 63.45% 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. Tigers Polymer's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.58%.
The historical rank and industry rank for Tigers Polymer's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4231'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.32 Med: 12.56 Max: 18.44
Current: 14.41
During the past 13 years, Tigers Polymer's highest ROC (Joel Greenblatt) % was 18.44%. The lowest was 6.32%. And the median was 12.56%.
TSE:4231's ROC (Joel Greenblatt) % is ranked better than 63.45% of 1606
companies
in the Chemicals industry
Industry Median: 9.51
vs TSE:4231: 14.41
Tigers Polymer's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.30% 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.
Tigers Polymer ROC (Joel Greenblatt) % Related Terms
Tigers Polymer ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tigers Polymer'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:4231 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Tigers Polymer'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.
Tigers Polymer ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tigers Polymer's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tigers Polymer'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 13.58% mean?
Tigers Polymer (TSE:4231) has a ROC (Joel Greenblatt) % of 13.58% 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 Tigers Polymer and its competitors. This is near median its historical median of 12.56. Over the past decade, Tigers Polymer's ROC (Joel Greenblatt) % has ranged from 6.32 to 18.44. According to the industry distribution chart, Tigers Polymer ranks #587 out of 1606 companies in the Chemicals industry, placing it in the top 36.6%.
Is Tigers Polymer's ROC (Joel Greenblatt) % too high?
Tigers Polymer's current ROC (Joel Greenblatt) % of 13.58% is near median its 10-year median of 12.56. Over the past 10 years, this metric has ranged from a low of 6.32 to a high of 18.44. The Chemicals industry median ROC (Joel Greenblatt) % is 9.51. Tigers Polymer's value of 13.58% is 42.8% above this industry median. Based on the distribution chart, Tigers Polymer ranks #587 out of 1606 companies in the Chemicals industry, which is above the industry midpoint. Overall, Tigers Polymer has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tigers Polymer's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tigers Polymer ranks #587 out of 1606 companies for ROC (Joel Greenblatt) %. This puts Tigers Polymer in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.51. Tigers Polymer's value of 13.58% is 42.8% above this benchmark. Historically, Tigers Polymer's own ROC (Joel Greenblatt) % has ranged from 6.32 to 18.44 over the past decade. While the company's 10-year median is 12.56 vs. the industry median of 9.51, Tigers Polymer 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. Tigers Polymer's current ROC (Joel Greenblatt) % of 13.58% is 42.8% 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 Tigers Polymer 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. Tigers Polymer's current ROC (Joel Greenblatt) % is 13.58%, which is near median its own 10-year median of 12.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tigers Polymer stock overvalued right now?
Based on GuruFocus' analysis, Tigers Polymer (TSE:4231) is currently considered Modestly Overvalued. The stock's GF Value™ is 円890.75, compared to a current price of 円1,011.00 — trading 13.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.58%, which is near median its 10-year median of 12.56 and 42.8% above the Chemicals industry median of 9.51. Tigers Polymer's overall GF Score™ is 74/100 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 Tigers Polymer (TSE:4231), the current ROC (Joel Greenblatt) % is 13.58% 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 Tigers Polymer (TSE:4231) Overvalued in 2026?
Based on GuruFocus' analysis, Tigers Polymer stock appears to be overvalued.
The current stock price of 円1,011.00 is trading 13.5% above its estimated GF Value™ of 円890.75.
GuruFocus considers Tigers Polymer to be Modestly Overvalued.
Key valuation signals for TSE:4231:
ROC (Joel Greenblatt) %: 13.58% (near median its 10-year median of 12.56)
GF Value™: 円890.75 vs. price of 円1,011.00 (13.5% above fair value)
Industry Position: 42.8% above the Chemicals median (#587 of 1606)
No single metric tells the full story. See the TSE:4231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tigers Polymer Corp is engaged in the manufacture of various parts and parts materials of the same type and series. Its segments include Hose manufacturers and sellers of hoses for home appliances (hoses for vacuum cleaners, washing machines, and air conditioners) and industrial hoses; rubber sheets are used for packing materials, cushioning materials, and mats, mainly for entrances.
74GF Score
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