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Nicca Chemical CoTSE:4463 -0.45%63 ROC (Joel Greenblatt) % is 10.38% as of Dec. 2025, which is 20% above its 10-year median of 8.68. GuruFocus rates TSE:4463 with a GF Score™ of 63/100 and a GF Value™ of 円1,223.76 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,605 Chemicals companies, Nicca Chemical Co ranks better than 52.21% 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. Nicca Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.38%.
The historical rank and industry rank for Nicca Chemical Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4463'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.59 Med: 8.68 Max: 18.99
Current: 10.27
During the past 13 years, Nicca Chemical Co's highest ROC (Joel Greenblatt) % was 18.99%. The lowest was 4.59%. And the median was 8.68%.
TSE:4463's ROC (Joel Greenblatt) % is ranked better than 52.21% of 1605
companies
in the Chemicals industry
Industry Median: 9.67
vs TSE:4463: 10.27
Nicca Chemical Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.00% per year.
Nicca Chemical Co (TSE:4463) 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.
Nicca Chemical Co ROC (Joel Greenblatt) % Related Terms
Nicca Chemical Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Nicca Chemical 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:4463 vs DOW: ROC (Joel Greenblatt) % Comparison
For the Chemicals subindustry, Nicca Chemical 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.
Nicca Chemical Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nicca Chemical Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nicca Chemical Co's ROC (Joel Greenblatt) % falls into.
Nicca Chemical 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 (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 10.38% mean?
Nicca Chemical Co (TSE:4463) has a ROC (Joel Greenblatt) % of 10.38% 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 Nicca Chemical Co and its competitors. This is 20% above median its historical median of 8.68. Over the past decade, Nicca Chemical Co's ROC (Joel Greenblatt) % has ranged from 4.59 to 18.99. According to the industry distribution chart, Nicca Chemical Co ranks #767 out of 1605 companies in the Chemicals industry, placing it in the top 47.8%.
Is Nicca Chemical Co's ROC (Joel Greenblatt) % too high?
Nicca Chemical Co's current ROC (Joel Greenblatt) % of 10.38% is 20% above median its 10-year median of 8.68. Over the past 10 years, this metric has ranged from a low of 4.59 to a high of 18.99. The Chemicals industry median ROC (Joel Greenblatt) % is 9.67. Nicca Chemical Co's value of 10.38% is 7.3% above this industry median. Based on the distribution chart, Nicca Chemical Co ranks #767 out of 1605 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nicca Chemical Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nicca Chemical Co's ROC (Joel Greenblatt) % compare to DOW?
According to the Chemicals industry distribution chart, Nicca Chemical Co ranks #767 out of 1605 companies for ROC (Joel Greenblatt) %. This puts Nicca Chemical Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.67. Nicca Chemical Co's value of 10.38% is 7.3% above this benchmark. Historically, Nicca Chemical Co's own ROC (Joel Greenblatt) % has ranged from 4.59 to 18.99 over the past decade. While the company's 10-year median is 8.68 vs. the industry median of 9.67, Nicca Chemical 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 9.67, 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. Nicca Chemical Co's current ROC (Joel Greenblatt) % of 10.38% is 7.3% 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 Nicca Chemical Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nicca Chemical Co's current ROC (Joel Greenblatt) % is 10.38%, which is 20% above median its own 10-year median of 8.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nicca Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nicca Chemical Co (TSE:4463) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,223.76, compared to a current price of 円1,997.00 — trading 63.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.38%, which is 20% above median its 10-year median of 8.68 and 7.3% above the Chemicals industry median of 9.67. Nicca Chemical Co's overall GF Score™ is 63/100 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 Nicca Chemical Co (TSE:4463), the current ROC (Joel Greenblatt) % is 10.38% 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 Nicca Chemical Co (TSE:4463) Overvalued in 2026?
Based on GuruFocus' analysis, Nicca Chemical Co stock appears to be overvalued.
The current stock price of 円1,997.00 is trading 63.2% above its estimated GF Value™ of 円1,223.76.
GuruFocus considers Nicca Chemical Co to be Significantly Overvalued.
Key valuation signals for TSE:4463:
ROC (Joel Greenblatt) %: 10.38% (20% above median its 10-year median of 8.68)
GF Value™: 円1,223.76 vs. price of 円1,997.00 (63.2% above fair value)
Industry Position: 7.3% above the Chemicals median (#767 of 1605)
No single metric tells the full story. See the TSE:4463 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nicca Chemical Co Ltd is engaged in the chemical business. It manufactures and sells surfactants for the textile chemicals, metals, pulp and paper, paints, dyes, and synthetic resins, cosmetics, and pharmaceutical products. It also offers a range of surfactants for dry cleaning and professional cleaning agents. The company's segment includes Chemicals and Cosmetics. The company generates the majority of its revenue from Chemicals.
63GF Score
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