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Daito ChemixTSE:4366 +2.59%59 ROC (Joel Greenblatt) % is 7.18% as of Mar. 2026, which is 22% below its 10-year median of 9.22. GuruFocus rates TSE:4366 with a GF Score™ of 59/100 and a GF Value™ of 円258.46 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,605 Chemicals companies, Daito Chemix ranks worse than 57.32% 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. Daito Chemix's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.18%.
The historical rank and industry rank for Daito Chemix's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4366'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.08 Med: 9.22 Max: 23.36
Current: 7.09
During the past 13 years, Daito Chemix's highest ROC (Joel Greenblatt) % was 23.36%. The lowest was -4.08%. And the median was 9.22%.
TSE:4366's ROC (Joel Greenblatt) % is ranked worse than 57.32% of 1605
companies
in the Chemicals industry
Industry Median: 9.4
vs TSE:4366: 7.09
Daito Chemix'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.
Daito Chemix ROC (Joel Greenblatt) % Related Terms
Daito Chemix ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Daito Chemix'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:4366 vs DOW: ROC (Joel Greenblatt) % Comparison
For the Chemicals subindustry, Daito Chemix'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.
Daito Chemix ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Daito Chemix's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Daito Chemix'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 7.18% mean?
Daito Chemix (TSE:4366) has a ROC (Joel Greenblatt) % of 7.18% 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 Daito Chemix and its competitors. This is 22% below median its historical median of 9.22. According to the industry distribution chart, Daito Chemix ranks #920 out of 1605 companies in the Chemicals industry, placing it in the top 57.3%.
Is Daito Chemix's ROC (Joel Greenblatt) % too high?
Daito Chemix's current ROC (Joel Greenblatt) % of 7.18% is 22% below median its 10-year median of 9.22. The Chemicals industry median ROC (Joel Greenblatt) % is 9.40. Daito Chemix's value of 7.18% is 23.6% below this industry median. Based on the distribution chart, Daito Chemix ranks #920 out of 1605 companies in the Chemicals industry, which is below the industry midpoint. Overall, Daito Chemix has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daito Chemix's ROC (Joel Greenblatt) % compare to DOW?
According to the Chemicals industry distribution chart, Daito Chemix ranks #920 out of 1605 companies for ROC (Joel Greenblatt) %. This places Daito Chemix in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.40. Daito Chemix's value of 7.18% is 23.6% below this benchmark. While the company's 10-year median is 9.22 vs. the industry median of 9.40, Daito Chemix has consistently been below 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 9.40, 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. Daito Chemix's current ROC (Joel Greenblatt) % of 7.18% is 23.6% below 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 Daito Chemix and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daito Chemix's current ROC (Joel Greenblatt) % is 7.18%, which is 22% below median its own 10-year median of 9.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daito Chemix stock overvalued right now?
Based on GuruFocus' analysis, Daito Chemix (TSE:4366) is currently considered Significantly Overvalued. The stock's GF Value™ is 円258.46, compared to a current price of 円475.00 — trading 83.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.18%, which is 22% below median its 10-year median of 9.22 and 23.6% below the Chemicals industry median of 9.40. Daito Chemix's overall GF Score™ is 59/100 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 Daito Chemix (TSE:4366), the current ROC (Joel Greenblatt) % is 7.18% 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 Daito Chemix (TSE:4366) Overvalued in 2026?
Based on GuruFocus' analysis, Daito Chemix stock appears to be overvalued.
The current stock price of 円475.00 is trading 83.8% above its estimated GF Value™ of 円258.46.
GuruFocus considers Daito Chemix to be Significantly Overvalued.
Key valuation signals for TSE:4366:
ROC (Joel Greenblatt) %: 7.18% (22% below median its 10-year median of 9.22)
GF Value™: 円258.46 vs. price of 円475.00 (83.8% above fair value)
Industry Position: 23.6% below the Chemicals median (#920 of 1605)
No single metric tells the full story. See the TSE:4366 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daito Chemix Corporation is engaged in the manufacture and sale of photosensitive materials, printing materials, photography materials, recording materials, and pharmaceutical intermediates, as well as other chemical products in Japan.
59GF Score
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