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.
Kunimine Industries CoTSE:5388 +0.08%62 ROC (Joel Greenblatt) % is 23.68% as of Mar. 2026, which is 30% above its 10-year median of 18.17. GuruFocus rates TSE:5388 with a GF Score™ of 62/100 and a GF Value™ of 円1,196.49 (Fairly Valued). The stock has 3 warning signs investors should review. Among 410 Building Materials companies, Kunimine Industries Co ranks better than 74.39% 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. Kunimine Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.68%.
The historical rank and industry rank for Kunimine Industries Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:5388'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.98 Med: 18.17 Max: 25.69
Current: 17.43
During the past 13 years, Kunimine Industries Co's highest ROC (Joel Greenblatt) % was 25.69%. The lowest was 11.98%. And the median was 18.17%.
TSE:5388's ROC (Joel Greenblatt) % is ranked better than 74.39% of 410
companies
in the Building Materials industry
Industry Median: 8.81
vs TSE:5388: 17.43
Kunimine Industries Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.90% per year.
Kunimine Industries Co (TSE:5388) 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.
Kunimine Industries Co ROC (Joel Greenblatt) % Related Terms
Kunimine Industries Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Kunimine Industries 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.
Kunimine Industries Co ROC (Joel Greenblatt) % Chart
TSE:5388 vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, Kunimine Industries 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.
Kunimine Industries Co ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Kunimine Industries Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kunimine Industries Co's ROC (Joel Greenblatt) % falls into.
Kunimine Industries 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 23.68% mean?
Kunimine Industries Co (TSE:5388) has a ROC (Joel Greenblatt) % of 23.68% 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 Kunimine Industries Co and its competitors. This is 30% above median its historical median of 18.17. Over the past decade, Kunimine Industries Co's ROC (Joel Greenblatt) % has ranged from 11.98 to 25.69. According to the industry distribution chart, Kunimine Industries Co ranks #105 out of 410 companies in the Building Materials industry, placing it in the top 25.6%.
Is Kunimine Industries Co's ROC (Joel Greenblatt) % too high?
Kunimine Industries Co's current ROC (Joel Greenblatt) % of 23.68% is 30% above median its 10-year median of 18.17. Over the past 10 years, this metric has ranged from a low of 11.98 to a high of 25.69. The Building Materials industry median ROC (Joel Greenblatt) % is 8.81. Kunimine Industries Co's value of 23.68% is 168.8% above this industry median. Based on the distribution chart, Kunimine Industries Co ranks #105 out of 410 companies in the Building Materials industry, which is above the industry midpoint. Overall, Kunimine Industries Co has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kunimine Industries Co's ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Kunimine Industries Co ranks #105 out of 410 companies for ROC (Joel Greenblatt) %. This puts Kunimine Industries Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.81. Kunimine Industries Co's value of 23.68% is 168.8% above this benchmark. Historically, Kunimine Industries Co's own ROC (Joel Greenblatt) % has ranged from 11.98 to 25.69 over the past decade. While the company's 10-year median is 18.17 vs. the industry median of 8.81, Kunimine Industries 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.81, based on 410 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. Kunimine Industries Co's current ROC (Joel Greenblatt) % of 23.68% is 168.8% 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 Kunimine Industries Co and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kunimine Industries Co's current ROC (Joel Greenblatt) % is 23.68%, which is 30% above median its own 10-year median of 18.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kunimine Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Kunimine Industries Co (TSE:5388) is currently considered Fairly Valued. The stock's GF Value™ is 円1,196.49, compared to a current price of 円1,269.00 — trading 6.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 23.68%, which is 30% above median its 10-year median of 18.17 and 168.8% above the Building Materials industry median of 8.81. Kunimine Industries Co's overall GF Score™ is 62/100 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 Kunimine Industries Co (TSE:5388), the current ROC (Joel Greenblatt) % is 23.68% 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 Kunimine Industries Co (TSE:5388) Overvalued in 2026?
Based on GuruFocus' analysis, Kunimine Industries Co stock appears to be overvalued.
The current stock price of 円1,269.00 is trading 6.1% above its estimated GF Value™ of 円1,196.49.
GuruFocus considers Kunimine Industries Co to be Fairly Valued.
Key valuation signals for TSE:5388:
ROC (Joel Greenblatt) %: 23.68% (30% above median its 10-year median of 18.17)
GF Value™: 円1,196.49 vs. price of 円1,269.00 (6.1% above fair value)
Industry Position: 168.8% above the Building Materials median (#105 of 410)
No single metric tells the full story. See the TSE:5388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kunimine Industries Co Ltd manufactures bentonite for casting, civil engineering & as toilet sands for pets. It also manufactures agricultural & water treating chemicals, medicines, cosmetics, animal drugs, & feed additives, among others. Its products are used as raw materials for various products, including materials for civil engineering and construction works, industrial products, and familiar products such as cosmetics and medical products.
62GF Score
Get the complete analysis for TSE:5388
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:5388 has been successfully added to your 
