Niitaka Co (TSE:4465) ROC (Joel Greenblatt) %: 23.84% (As of Feb. 2026) — 54% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4465 Niitaka Co Ltd TSE:4465
79 GF Score
Price 円2,250.00
GF Value 円2,253.56
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Niitaka Co ROC (Joel Greenblatt) %?

Niitaka Co TSE:4465 +0.36% 79 ROC (Joel Greenblatt) % is 23.84% as of Feb. 2026, which is 54% above its 10-year median of 15.48. GuruFocus rates TSE:4465 with a GF Score™ of 79/100 and a GF Value™ of 円2,253.56 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,981 Consumer Packaged Goods companies, Niitaka Co ranks better than 77.89% 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. Niitaka Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 23.84%.

The historical rank and industry rank for Niitaka Co's ROC (Joel Greenblatt) % or its related term are showing as below:

TSE:4465' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.85   Med: 15.48   Max: 28.56
Current: 28.02

During the past 13 years, Niitaka Co's highest ROC (Joel Greenblatt) % was 28.56%. The lowest was 8.85%. And the median was 15.48%.

TSE:4465's ROC (Joel Greenblatt) % is ranked better than
77.89% of 1981 companies
in the Consumer Packaged Goods industry
Industry Median: 11.99 vs TSE:4465: 28.02

Niitaka Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 12.40% per year.


Niitaka Co  (TSE:4465) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Niitaka Co ROC (Joel Greenblatt) % Related Terms


Niitaka Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Niitaka 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.

Niitaka Co ROC (Joel Greenblatt) % Chart

Niitaka Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.94 9.52 8.85 27.75 28.56

Niitaka Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.74 24.83 27.24 23.84 35.96

TSE:4465 vs PG, CL, KVUE: ROC (Joel Greenblatt) % Comparison

For the Household & Personal Products subindustry, Niitaka 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.


Niitaka Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Niitaka Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Niitaka Co's ROC (Joel Greenblatt) % falls into.


TSE:4465
79GF Score
Niitaka Co Ltd TSE:4465
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Niitaka 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3781.507 + 2287.521 + 1818.335) - (1713.144 + 0 + 3317.654)
=2856.565

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3313.117 + 2323.675 + 1620.658) - (1652.279 + 0 + 2838.714)
=2766.457

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Niitaka Co for the quarter that ended in Feb. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2343.876/( ( (7039.482 + max(2856.565, 0)) + (6999.102 + max(2766.457, 0)) )/ 2 )
=2343.876/( ( 9896.047 + 9765.559 )/ 2 )
=2343.876/9830.803
=23.84 %

Note: The EBIT data used here is four times the quarterly (Feb. 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 23.84% mean?
Niitaka Co (TSE:4465) has a ROC (Joel Greenblatt) % of 23.84% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Niitaka Co and its competitors. This is 54% above median its historical median of 15.48. Over the past decade, Niitaka Co's ROC (Joel Greenblatt) % has ranged from 8.85 to 28.56. According to the industry distribution chart, Niitaka Co ranks #438 out of 1981 companies in the Consumer Packaged Goods industry, placing it in the top 22.1%.
Is Niitaka Co's ROC (Joel Greenblatt) % too high?
Niitaka Co's current ROC (Joel Greenblatt) % of 23.84% is 54% above median its 10-year median of 15.48. Over the past 10 years, this metric has ranged from a low of 8.85 to a high of 28.56. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Niitaka Co's value of 23.84% is 98.8% above this industry median. Based on the distribution chart, Niitaka Co ranks #438 out of 1981 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Niitaka Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Niitaka Co's ROC (Joel Greenblatt) % compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Niitaka Co ranks #438 out of 1981 companies for ROC (Joel Greenblatt) %. This places Niitaka Co in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Niitaka Co's value of 23.84% is 98.8% above this benchmark. Historically, Niitaka Co's own ROC (Joel Greenblatt) % has ranged from 8.85 to 28.56 over the past decade. While the company's 10-year median is 15.48 vs. the industry median of 11.99, Niitaka 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,981 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. Niitaka Co's current ROC (Joel Greenblatt) % of 23.84% is 98.8% 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 Niitaka Co and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Niitaka Co's current ROC (Joel Greenblatt) % is 23.84%, which is 54% above median its own 10-year median of 15.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niitaka Co stock overvalued right now?
Based on GuruFocus' analysis, Niitaka Co (TSE:4465) is currently considered Fairly Valued. The stock's GF Value™ is 円2,253.56, compared to a current price of 円2,250.00 — trading 0.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 23.84%, which is 54% above median its 10-year median of 15.48 and 98.8% above the Consumer Packaged Goods industry median of 11.99. Niitaka Co's overall GF Score™ is 79/100 with 5 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 Niitaka Co (TSE:4465), the current ROC (Joel Greenblatt) % is 23.84% as of Feb. 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 Niitaka Co (TSE:4465) Overvalued in 2026?

Based on GuruFocus' analysis, Niitaka Co stock appears to be undervalued. The current stock price of 円2,250.00 is trading 0.2% below its estimated GF Value™ of 円2,253.56. GuruFocus considers Niitaka Co to be Fairly Valued.

Key valuation signals for TSE:4465:

  • ROC (Joel Greenblatt) %: 23.84% (54% above median its 10-year median of 15.48)
  • GF Value™: 円2,253.56 vs. price of 円2,250.00 (0.2% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 98.8% above the Consumer Packaged Goods median (#438 of 1981)

No single metric tells the full story. See the TSE:4465 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Niitaka Co Business Description

Address 1-8-10, Niitaka, Yodogawa-ku, Osaka-shi, Osaka, JPN, 532-8560
Niitaka Co Ltd is engaged in the manufacturing and selling of surfactant-related products for professional use in the food business industry. The company's product offering includes detergents, cleaners and bleach, solid fuel, food sanitation products, and an active ingredient. In addition, the company also engaged in the selling and leasing of commercial kitchen equipment and manufactures raw materials for cosmetics.
79GF Score

Get the complete analysis for TSE:4465

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,250.00
Price
円2,253.56
GF Value