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Kyoei SteelTSE:5440 -3.77%75 ROC (Joel Greenblatt) % is 6.09% as of Mar. 2026, which is 23% below its 10-year median of 7.87. GuruFocus rates TSE:5440 with a GF Score™ of 75/100 and a GF Value™ of 円2,041.34 (Fairly Valued). The stock has 3 warning signs investors should review. Among 633 Steel companies, Kyoei Steel ranks better than 51.5% 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. Kyoei Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.09%.
The historical rank and industry rank for Kyoei Steel's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:5440'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.92 Med: 7.87 Max: 9.52
Current: 7.83
During the past 13 years, Kyoei Steel's highest ROC (Joel Greenblatt) % was 9.52%. The lowest was 4.92%. And the median was 7.87%.
TSE:5440's ROC (Joel Greenblatt) % is ranked better than 51.5% of 633
companies
in the Steel industry
Industry Median: 7.18
vs TSE:5440: 7.83
Kyoei Steel's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.00% 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.
Kyoei Steel ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Kyoei Steel'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:5440 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Kyoei Steel'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.
Kyoei Steel ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Kyoei Steel's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kyoei Steel'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 6.09% mean?
Kyoei Steel (TSE:5440) has a ROC (Joel Greenblatt) % of 6.09% 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 Kyoei Steel and its competitors. This is 23% below median its historical median of 7.87. Over the past decade, Kyoei Steel's ROC (Joel Greenblatt) % has ranged from 4.92 to 9.52. According to the industry distribution chart, Kyoei Steel ranks #307 out of 633 companies in the Steel industry, placing it in the top 48.5%.
Is Kyoei Steel's ROC (Joel Greenblatt) % too high?
Kyoei Steel's current ROC (Joel Greenblatt) % of 6.09% is 23% below median its 10-year median of 7.87. Over the past 10 years, this metric has ranged from a low of 4.92 to a high of 9.52. The Steel industry median ROC (Joel Greenblatt) % is 7.18. Kyoei Steel's value of 6.09% is 15.2% below this industry median. Based on the distribution chart, Kyoei Steel ranks #307 out of 633 companies in the Steel industry, which is above the industry midpoint. Overall, Kyoei Steel has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kyoei Steel's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Kyoei Steel ranks #307 out of 633 companies for ROC (Joel Greenblatt) %. This puts Kyoei Steel in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.18. Kyoei Steel's value of 6.09% is 15.2% below this benchmark. Historically, Kyoei Steel's own ROC (Joel Greenblatt) % has ranged from 4.92 to 9.52 over the past decade. While the company's 10-year median is 7.87 vs. the industry median of 7.18, Kyoei Steel 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.18, based on 633 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. Kyoei Steel's current ROC (Joel Greenblatt) % of 6.09% is 15.2% 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 Kyoei Steel and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyoei Steel's current ROC (Joel Greenblatt) % is 6.09%, which is 23% below median its own 10-year median of 7.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyoei Steel stock overvalued right now?
Based on GuruFocus' analysis, Kyoei Steel (TSE:5440) is currently considered Fairly Valued. The stock's GF Value™ is 円2,041.34, compared to a current price of 円1,942.00 — trading 4.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 6.09%, which is 23% below median its 10-year median of 7.87 and 15.2% below the Steel industry median of 7.18. Kyoei Steel's overall GF Score™ is 75/100 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 Kyoei Steel (TSE:5440), the current ROC (Joel Greenblatt) % is 6.09% 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 Kyoei Steel (TSE:5440) Overvalued in 2026?
Based on GuruFocus' analysis, Kyoei Steel stock appears to be undervalued.
The current stock price of 円1,942.00 is trading 4.9% below its estimated GF Value™ of 円2,041.34.
GuruFocus considers Kyoei Steel to be Fairly Valued.
Key valuation signals for TSE:5440:
ROC (Joel Greenblatt) %: 6.09% (23% below median its 10-year median of 7.87)
GF Value™: 円2,041.34 vs. price of 円1,942.00 (4.9% below fair value)
Industry Position: 15.2% below the Steel median (#307 of 633)
No single metric tells the full story. See the TSE:5440 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kyoei Steel Ltd is involved in the business Steel and Material recycling. Its primary activities include manufacture, processing, and sale of steel billets and products, collection, transportation and treatment of general, industrial and medical waste, recycling of automobiles and industrial waste, processing assembly of rebars, designing of steel production plants and sale of steelmaking technology. The firm's products include concrete steel bars, flat bars, I-beams, equal angle bars etc.
75GF Score
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