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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. Nippon Pallet Pool Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 6.66%.
The historical rank and industry rank for Nippon Pallet Pool Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4690'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.68 Med: 6.15 Max: 13.28
Current: 6.18
During the past 13 years, Nippon Pallet Pool Co's highest ROC (Joel Greenblatt) % was 13.28%. The lowest was 1.68%. And the median was 6.15%.
TSE:4690's ROC (Joel Greenblatt) % is not ranked
in the Packaging & Containers industry.
Industry Median: 8.93
vs TSE:4690: 6.18
Nippon Pallet Pool Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.40% per year.
Nippon Pallet Pool Co (TSE:4690) 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.
Nippon Pallet Pool Co ROC (Joel Greenblatt) % Related Terms
Nippon Pallet Pool Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nippon Pallet Pool 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.
Nippon Pallet Pool Co ROC (Joel Greenblatt) % Chart
TSE:4690 vs SW, PKG, AMCR: ROC (Joel Greenblatt) % Comparison
For the Packaging & Containers subindustry, Nippon Pallet Pool 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.
Nippon Pallet Pool Co ROC (Joel Greenblatt) % vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Nippon Pallet Pool Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nippon Pallet Pool Co's ROC (Joel Greenblatt) % falls into.
Nippon Pallet Pool 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 (Sep. 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 6.66% mean?
Nippon Pallet Pool Co (TSE:4690) has a ROC (Joel Greenblatt) % of 6.66% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Nippon Pallet Pool Co and its competitors. This is near median its historical median of 6.15. Over the past decade, Nippon Pallet Pool Co's ROC (Joel Greenblatt) % has ranged from 1.68 to 13.28.
Is Nippon Pallet Pool Co's ROC (Joel Greenblatt) % too high?
Nippon Pallet Pool Co's current ROC (Joel Greenblatt) % of 6.66% is near median its 10-year median of 6.15. Over the past 10 years, this metric has ranged from a low of 1.68 to a high of 13.28. The Packaging & Containers industry median ROC (Joel Greenblatt) % is 8.93. Nippon Pallet Pool Co's value of 6.66% is 25.4% below this industry median. Overall, Nippon Pallet Pool Co has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Pallet Pool Co's ROC (Joel Greenblatt) % compare to SW and PKG?
Nippon Pallet Pool Co's ROC (Joel Greenblatt) % of 6.66% can be compared against companies in the Packaging & Containers industry. The industry median ROC (Joel Greenblatt) % is 8.93. Nippon Pallet Pool Co's value of 6.66% is 25.4% below this benchmark. Historically, Nippon Pallet Pool Co's own ROC (Joel Greenblatt) % has ranged from 1.68 to 13.28 over the past decade. While the company's 10-year median is 6.15 vs. the industry median of 8.93, Nippon Pallet Pool 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 Packaging & Containers company?
The median ROC (Joel Greenblatt) % among Packaging & Containers companies is 8.93, based on 402 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. Nippon Pallet Pool Co's current ROC (Joel Greenblatt) % of 6.66% is 25.4% 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 Nippon Pallet Pool Co and its competitors. For the Packaging & Containers industry, the median ROC (Joel Greenblatt) % is 8.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Pallet Pool Co's current ROC (Joel Greenblatt) % is 6.66%, which is near median its own 10-year median of 6.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Pallet Pool Co stock overvalued right now?
Nippon Pallet Pool Co (TSE:4690) has a current ROC (Joel Greenblatt) % of 6.66%. The stock's GF Value™ is 円2,001.43, compared to a current price of 円2,501.00 — trading 25% above its estimated fair value. The current ROC (Joel Greenblatt) % is 6.66%, which is near median its 10-year median of 6.15 and 25.4% below the Packaging & Containers industry median of 8.93. Nippon Pallet Pool Co's overall GF Score™ is 42/100 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 Nippon Pallet Pool Co (TSE:4690), the current ROC (Joel Greenblatt) % is 6.66% as of Sep. 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 Nippon Pallet Pool Co (TSE:4690) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Pallet Pool Co stock appears to be overvalued.
The current stock price of 円2,501.00 is trading 25% above its estimated GF Value™ of 円2,001.43.
Key valuation signals for TSE:4690:
ROC (Joel Greenblatt) %: 6.66% (near median its 10-year median of 6.15)
GF Value™: 円2,001.43 vs. price of 円2,501.00 (25% above fair value)
Industry Position: 25.4% below the Packaging & Containers median
No single metric tells the full story. See the TSE:4690 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Pallet Pool Co Ltd is a Japan based company engaged in the business of providing a pallet pool system that enables corporate activities and supports physical distribution. The products of the company include palette, Nestainer, Oricon Cart, Boards and Boxes, and others. The company also provides Plastic pallets, Wooden pallets, Fold Deck, Assist Suit, and other products on rental basis.
42GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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