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Harima Chemicals GroupTSE:4410 +1.03%69 ROC (Joel Greenblatt) % is 4.88% as of Mar. 2026, which is 32% below its 10-year median of 7.13. GuruFocus rates TSE:4410 with a GF Score™ of 69/100 and a GF Value™ of 円973.97 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,607 Chemicals companies, Harima Chemicals Group ranks worse than 55.94% 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. Harima Chemicals Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.88%.
The historical rank and industry rank for Harima Chemicals Group's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4410'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.58 Med: 7.13 Max: 12.13
Current: 8.04
During the past 13 years, Harima Chemicals Group's highest ROC (Joel Greenblatt) % was 12.13%. The lowest was 0.58%. And the median was 7.13%.
TSE:4410's ROC (Joel Greenblatt) % is ranked worse than 55.94% of 1607
companies
in the Chemicals industry
Industry Median: 9.97
vs TSE:4410: 8.04
Harima Chemicals Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.40% per year.
Harima Chemicals Group (TSE:4410) 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.
Harima Chemicals Group ROC (Joel Greenblatt) % Related Terms
Harima Chemicals Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Harima Chemicals Group'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.
Harima Chemicals Group ROC (Joel Greenblatt) % Chart
TSE:4410 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Harima Chemicals Group'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.
Harima Chemicals Group ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Harima Chemicals Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Harima Chemicals Group's ROC (Joel Greenblatt) % falls into.
Harima Chemicals Group 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 (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 4.88% mean?
Harima Chemicals Group (TSE:4410) has a ROC (Joel Greenblatt) % of 4.88% 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 Harima Chemicals Group and its competitors. This is 32% below median its historical median of 7.13. Over the past decade, Harima Chemicals Group's ROC (Joel Greenblatt) % has ranged from 0.58 to 12.13. According to the industry distribution chart, Harima Chemicals Group ranks #899 out of 1607 companies in the Chemicals industry, placing it in the top 55.9%.
Is Harima Chemicals Group's ROC (Joel Greenblatt) % too high?
Harima Chemicals Group's current ROC (Joel Greenblatt) % of 4.88% is 32% below median its 10-year median of 7.13. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 12.13. The Chemicals industry median ROC (Joel Greenblatt) % is 9.97. Harima Chemicals Group's value of 4.88% is 51.1% below this industry median. Based on the distribution chart, Harima Chemicals Group ranks #899 out of 1607 companies in the Chemicals industry, which is below the industry midpoint. Overall, Harima Chemicals Group has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harima Chemicals Group's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Harima Chemicals Group ranks #899 out of 1607 companies for ROC (Joel Greenblatt) %. This places Harima Chemicals Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.97. Harima Chemicals Group's value of 4.88% is 51.1% below this benchmark. Historically, Harima Chemicals Group's own ROC (Joel Greenblatt) % has ranged from 0.58 to 12.13 over the past decade. While the company's 10-year median is 7.13 vs. the industry median of 9.97, Harima Chemicals Group 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 9.97, based on 1,607 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. Harima Chemicals Group's current ROC (Joel Greenblatt) % of 4.88% is 51.1% 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 Harima Chemicals Group and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harima Chemicals Group's current ROC (Joel Greenblatt) % is 4.88%, which is 32% below median its own 10-year median of 7.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harima Chemicals Group stock overvalued right now?
Based on GuruFocus' analysis, Harima Chemicals Group (TSE:4410) is currently considered Modestly Overvalued. The stock's GF Value™ is 円973.97, compared to a current price of 円1,176.00 — trading 20.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.88%, which is 32% below median its 10-year median of 7.13 and 51.1% below the Chemicals industry median of 9.97. Harima Chemicals Group's overall GF Score™ is 69/100 with 8 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 Harima Chemicals Group (TSE:4410), the current ROC (Joel Greenblatt) % is 4.88% 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 Harima Chemicals Group (TSE:4410) Overvalued in 2026?
Based on GuruFocus' analysis, Harima Chemicals Group stock appears to be overvalued.
The current stock price of 円1,176.00 is trading 20.7% above its estimated GF Value™ of 円973.97.
GuruFocus considers Harima Chemicals Group to be Modestly Overvalued.
Key valuation signals for TSE:4410:
ROC (Joel Greenblatt) %: 4.88% (32% below median its 10-year median of 7.13)
GF Value™: 円973.97 vs. price of 円1,176.00 (20.7% above fair value)
Industry Position: 51.1% below the Chemicals median (#899 of 1607)
No single metric tells the full story. See the TSE:4410 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harima Chemicals Group Inc is a Japan-based chemical manufacturer. The company is mainly engaged in chemical products business, papermaking chemical business, and electronic materials business. Products offered by the company include resins for printing ink, paint, resin for adhesive and adhesive, emulsifier for synthetic rubber, sizing agent, paper strength enhancer, and coating agent. Electronic materials business develops, manufacture and sell conductive paste, brazing material for aluminum and printed wiring board related materials. Harima has a world-wide network with presence in Europe, Asia, Oceania, North America, and South America.
69GF Score
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