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.
Mitsuboshi BeltingTSE:5192 +0.85%90 ROC (Joel Greenblatt) % is 14.37% as of Mar. 2026, which is 27% below its 10-year median of 19.64. GuruFocus rates TSE:5192 with a GF Score™ of 90/100 and a GF Value™ of 円4,390.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 3,066 Industrial Products companies, Mitsuboshi Belting ranks better than 60.14% 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. Mitsuboshi Belting's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.37%.
The historical rank and industry rank for Mitsuboshi Belting's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:5192'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.12 Med: 19.64 Max: 25.05
Current: 16.76
During the past 13 years, Mitsuboshi Belting's highest ROC (Joel Greenblatt) % was 25.05%. The lowest was 14.12%. And the median was 19.64%.
TSE:5192's ROC (Joel Greenblatt) % is ranked better than 60.14% of 3066
companies
in the Industrial Products industry
Industry Median: 11.745
vs TSE:5192: 16.76
Mitsuboshi Belting's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.70% per year.
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.
Mitsuboshi Belting ROC (Joel Greenblatt) % Related Terms
Mitsuboshi Belting ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Mitsuboshi Belting'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:5192 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Mitsuboshi Belting'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.
Mitsuboshi Belting ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mitsuboshi Belting's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mitsuboshi Belting's ROC (Joel Greenblatt) % falls into.
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 14.37% mean?
Mitsuboshi Belting (TSE:5192) has a ROC (Joel Greenblatt) % of 14.37% 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 Mitsuboshi Belting and its competitors. This is 27% below median its historical median of 19.64. Over the past decade, Mitsuboshi Belting's ROC (Joel Greenblatt) % has ranged from 14.12 to 25.05. According to the industry distribution chart, Mitsuboshi Belting ranks #1222 out of 3066 companies in the Industrial Products industry, placing it in the top 39.9%.
Is Mitsuboshi Belting's ROC (Joel Greenblatt) % too high?
Mitsuboshi Belting's current ROC (Joel Greenblatt) % of 14.37% is 27% below median its 10-year median of 19.64. Over the past 10 years, this metric has ranged from a low of 14.12 to a high of 25.05. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.75. Mitsuboshi Belting's value of 14.37% is 22.3% above this industry median. Based on the distribution chart, Mitsuboshi Belting ranks #1222 out of 3066 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Mitsuboshi Belting has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsuboshi Belting's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mitsuboshi Belting ranks #1222 out of 3066 companies for ROC (Joel Greenblatt) %. This puts Mitsuboshi Belting in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.75. Mitsuboshi Belting's value of 14.37% is 22.3% above this benchmark. Historically, Mitsuboshi Belting's own ROC (Joel Greenblatt) % has ranged from 14.12 to 25.05 over the past decade. While the company's 10-year median is 19.64 vs. the industry median of 11.75, Mitsuboshi Belting 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.75, based on 3,066 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. Mitsuboshi Belting's current ROC (Joel Greenblatt) % of 14.37% is 22.3% 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 Mitsuboshi Belting and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsuboshi Belting's current ROC (Joel Greenblatt) % is 14.37%, which is 27% below median its own 10-year median of 19.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsuboshi Belting stock overvalued right now?
Based on GuruFocus' analysis, Mitsuboshi Belting (TSE:5192) is currently considered Fairly Valued. The stock's GF Value™ is 円4,390.09, compared to a current price of 円4,135.00 — trading 5.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 14.37%, which is 27% below median its 10-year median of 19.64 and 22.3% above the Industrial Products industry median of 11.75. Mitsuboshi Belting's overall GF Score™ is 90/100 with 3 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 Mitsuboshi Belting (TSE:5192), the current ROC (Joel Greenblatt) % is 14.37% 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 Mitsuboshi Belting (TSE:5192) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsuboshi Belting stock appears to be undervalued.
The current stock price of 円4,135.00 is trading 5.8% below its estimated GF Value™ of 円4,390.09.
GuruFocus considers Mitsuboshi Belting to be Fairly Valued.
Key valuation signals for TSE:5192:
ROC (Joel Greenblatt) %: 14.37% (27% below median its 10-year median of 19.64)
GF Value™: 円4,390.09 vs. price of 円4,135.00 (5.8% below fair value)
Industry Position: 22.3% above the Industrial Products median (#1222 of 3066)
No single metric tells the full story. See the TSE:5192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsuboshi Belting Ltd is involved in the business of Power transmission belts and related products, Conveyor belts and systems and related products, Engineering plastics, Engineering structural foam, Waterproofing and Watershielding sheet, Metal nanoparticle related products. Its products include automobile and motorcycle transmission belts, general industrial transmission belts, pulleys, conveyer belts, systems, engineering plastic materials and processed products, waterproofing materials for construction etc.
90GF Score
Get the complete analysis for TSE:5192
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:5192 has been successfully added to your 
