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.
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.
Eiken Chemical CoTSE:4549 -1.55%80 ROC (Joel Greenblatt) % is 1.38% as of Mar. 2026, which is 94% below its 10-year median of 24.87. GuruFocus rates TSE:4549 with a GF Score™ of 80/100 and a GF Value™ of 円2,486.45 (Fairly Valued). The stock has 4 warning signs investors should review. Among 837 Medical Devices & Instruments companies, Eiken Chemical Co ranks better than 63.44% 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. Eiken Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.38%.
The historical rank and industry rank for Eiken Chemical Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4549'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.61 Med: 24.87 Max: 38.1
Current: 15.03
During the past 13 years, Eiken Chemical Co's highest ROC (Joel Greenblatt) % was 38.10%. The lowest was 10.61%. And the median was 24.87%.
TSE:4549's ROC (Joel Greenblatt) % is ranked better than 63.44% of 837
companies
in the Medical Devices & Instruments industry
Industry Median: 4.35
vs TSE:4549: 15.03
Eiken Chemical Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -21.90% per year.
Eiken Chemical Co (TSE:4549) 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.
Eiken Chemical Co ROC (Joel Greenblatt) % Related Terms
Eiken Chemical Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Eiken 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:4549 vs ABT, SYK, MDT: ROC (Joel Greenblatt) % Comparison
For the Medical Devices subindustry, Eiken 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.
Eiken Chemical Co ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Eiken Chemical Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Eiken Chemical Co's ROC (Joel Greenblatt) % falls into.
Eiken 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 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 1.38% mean?
Eiken Chemical Co (TSE:4549) has a ROC (Joel Greenblatt) % of 1.38% 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 Eiken Chemical Co and its competitors. This is 94% below median its historical median of 24.87. Over the past decade, Eiken Chemical Co's ROC (Joel Greenblatt) % has ranged from 10.61 to 38.10. According to the industry distribution chart, Eiken Chemical Co ranks #306 out of 837 companies in the Medical Devices & Instruments industry, placing it in the top 36.6%.
Is Eiken Chemical Co's ROC (Joel Greenblatt) % too high?
Eiken Chemical Co's current ROC (Joel Greenblatt) % of 1.38% is 94% below median its 10-year median of 24.87. Over the past 10 years, this metric has ranged from a low of 10.61 to a high of 38.10. The Medical Devices & Instruments industry median ROC (Joel Greenblatt) % is 4.35. Eiken Chemical Co's value of 1.38% is 68.3% below this industry median. Based on the distribution chart, Eiken Chemical Co ranks #306 out of 837 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Eiken Chemical Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eiken Chemical Co's ROC (Joel Greenblatt) % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Eiken Chemical Co ranks #306 out of 837 companies for ROC (Joel Greenblatt) %. This puts Eiken Chemical Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 4.35. Eiken Chemical Co's value of 1.38% is 68.3% below this benchmark. Historically, Eiken Chemical Co's own ROC (Joel Greenblatt) % has ranged from 10.61 to 38.10 over the past decade. While the company's 10-year median is 24.87 vs. the industry median of 4.35, Eiken Chemical Co 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 Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 4.35, based on 837 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. Eiken Chemical Co's current ROC (Joel Greenblatt) % of 1.38% is 68.3% 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 Eiken Chemical Co and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 4.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eiken Chemical Co's current ROC (Joel Greenblatt) % is 1.38%, which is 94% below median its own 10-year median of 24.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eiken Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Eiken Chemical Co (TSE:4549) is currently considered Fairly Valued. The stock's GF Value™ is 円2,486.45, compared to a current price of 円2,540.00 — trading 2.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1.38%, which is 94% below median its 10-year median of 24.87 and 68.3% below the Medical Devices & Instruments industry median of 4.35. Eiken Chemical Co's overall GF Score™ is 80/100 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 Eiken Chemical Co (TSE:4549), the current ROC (Joel Greenblatt) % is 1.38% 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 Eiken Chemical Co (TSE:4549) Overvalued in 2026?
Based on GuruFocus' analysis, Eiken Chemical Co stock appears to be overvalued.
The current stock price of 円2,540.00 is trading 2.2% above its estimated GF Value™ of 円2,486.45.
GuruFocus considers Eiken Chemical Co to be Fairly Valued.
Key valuation signals for TSE:4549:
ROC (Joel Greenblatt) %: 1.38% (94% below median its 10-year median of 24.87)
GF Value™: 円2,486.45 vs. price of 円2,540.00 (2.2% above fair value)
Industry Position: 68.3% below the Medical Devices & Instruments median (#306 of 837)
No single metric tells the full story. See the TSE:4549 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eiken Chemical Co Ltd is a Japan-based company. It manufactures and sells clinical diagnostics and equipment. The company is engaged in processing, manufacture, purchase and sale of test agents, property and casualty insurance agency business. It as a general manufacturer of clinical diagnostics offers a wide range of in vitro diagnostic aids for all fields of medicine. Its major products include the Fecal immunochemical test, Molecular Genetics (LAMP), Microbiology, among many others.
80GF Score
Get the complete analysis for TSE:4549
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4549 has been successfully added to your 
