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TOKYO PRINTING INK MFG CoTSE:4635 +0.22%66 ROC (Joel Greenblatt) % is 11.07% as of Mar. 2026, which is 80% above its 10-year median of 6.14. GuruFocus rates TSE:4635 with a GF Score™ of 66/100 and a GF Value™ of 円791.53 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,604 Chemicals companies, TOKYO PRINTING INK MFG Co ranks better than 51.62% 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. TOKYO PRINTING INK MFG Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.07%.
The historical rank and industry rank for TOKYO PRINTING INK MFG Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4635'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.54 Med: 6.14 Max: 10.55
Current: 9.95
During the past 13 years, TOKYO PRINTING INK MFG Co's highest ROC (Joel Greenblatt) % was 10.55%. The lowest was 3.54%. And the median was 6.14%.
TSE:4635's ROC (Joel Greenblatt) % is ranked better than 51.62% of 1604
companies
in the Chemicals industry
Industry Median: 9.4
vs TSE:4635: 9.95
TOKYO PRINTING INK MFG Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 17.80% per year.
TOKYO PRINTING INK MFG Co (TSE:4635) 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.
TOKYO PRINTING INK MFG Co ROC (Joel Greenblatt) % Related Terms
TOKYO PRINTING INK MFG Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for TOKYO PRINTING INK MFG 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.
TOKYO PRINTING INK MFG Co ROC (Joel Greenblatt) % Chart
TSE:4635 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, TOKYO PRINTING INK MFG 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.
TOKYO PRINTING INK MFG Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TOKYO PRINTING INK MFG Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TOKYO PRINTING INK MFG Co's ROC (Joel Greenblatt) % falls into.
TOKYO PRINTING INK MFG 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 (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 11.07% mean?
TOKYO PRINTING INK MFG Co (TSE:4635) has a ROC (Joel Greenblatt) % of 11.07% 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 TOKYO PRINTING INK MFG Co and its competitors. This is 80% above median its historical median of 6.14. Over the past decade, TOKYO PRINTING INK MFG Co's ROC (Joel Greenblatt) % has ranged from 3.54 to 10.55. According to the industry distribution chart, TOKYO PRINTING INK MFG Co ranks #776 out of 1604 companies in the Chemicals industry, placing it in the top 48.4%.
Is TOKYO PRINTING INK MFG Co's ROC (Joel Greenblatt) % too high?
TOKYO PRINTING INK MFG Co's current ROC (Joel Greenblatt) % of 11.07% is 80% above median its 10-year median of 6.14. Over the past 10 years, this metric has ranged from a low of 3.54 to a high of 10.55. The Chemicals industry median ROC (Joel Greenblatt) % is 9.40. TOKYO PRINTING INK MFG Co's value of 11.07% is 17.8% above this industry median. Based on the distribution chart, TOKYO PRINTING INK MFG Co ranks #776 out of 1604 companies in the Chemicals industry, which is above the industry midpoint. Overall, TOKYO PRINTING INK MFG Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOKYO PRINTING INK MFG Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, TOKYO PRINTING INK MFG Co ranks #776 out of 1604 companies for ROC (Joel Greenblatt) %. This puts TOKYO PRINTING INK MFG Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.40. TOKYO PRINTING INK MFG Co's value of 11.07% is 17.8% above this benchmark. Historically, TOKYO PRINTING INK MFG Co's own ROC (Joel Greenblatt) % has ranged from 3.54 to 10.55 over the past decade. While the company's 10-year median is 6.14 vs. the industry median of 9.40, TOKYO PRINTING INK MFG 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 9.40, based on 1,604 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. TOKYO PRINTING INK MFG Co's current ROC (Joel Greenblatt) % of 11.07% is 17.8% 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 TOKYO PRINTING INK MFG Co 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. TOKYO PRINTING INK MFG Co's current ROC (Joel Greenblatt) % is 11.07%, which is 80% above median its own 10-year median of 6.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOKYO PRINTING INK MFG Co stock overvalued right now?
Based on GuruFocus' analysis, TOKYO PRINTING INK MFG Co (TSE:4635) is currently considered Significantly Overvalued. The stock's GF Value™ is 円791.53, compared to a current price of 円1,370.00 — trading 73.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 11.07%, which is 80% above median its 10-year median of 6.14 and 17.8% above the Chemicals industry median of 9.40. TOKYO PRINTING INK MFG Co's overall GF Score™ is 66/100 with 1 warning sign 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 TOKYO PRINTING INK MFG Co (TSE:4635), the current ROC (Joel Greenblatt) % is 11.07% 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 TOKYO PRINTING INK MFG Co (TSE:4635) Overvalued in 2026?
Based on GuruFocus' analysis, TOKYO PRINTING INK MFG Co stock appears to be overvalued.
The current stock price of 円1,370.00 is trading 73.1% above its estimated GF Value™ of 円791.53.
GuruFocus considers TOKYO PRINTING INK MFG Co to be Significantly Overvalued.
Key valuation signals for TSE:4635:
ROC (Joel Greenblatt) %: 11.07% (80% above median its 10-year median of 6.14)
GF Value™: 円791.53 vs. price of 円1,370.00 (73.1% above fair value)
Industry Position: 17.8% above the Chemicals median (#776 of 1604)
No single metric tells the full story. See the TSE:4635 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOKYO PRINTING INK MFG Co Ltd is the speciality chemicals manufacturing company. The core business segments of the company comprise of the followings - Ink business, Chemical Products, and Processed Products business. Ink business offers offset printing, gravure ink, inkjet ink, high performance, and high-quality printer ink. Chemical Products includes colorant for plastics, functional additives for plastics, and other functional products. The Processed Products business supply packaging materials, civil engineering materials and agricultural materials for various industrial applications.
66GF Score
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