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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 Chuzo K.K.'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.99%.
The historical rank and industry rank for Nippon Chuzo K.K.'s ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:5609'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.67 Med: 3.93 Max: 6.41
Current: 1.09
During the past 13 years, Nippon Chuzo K.K.'s highest ROC (Joel Greenblatt) % was 6.41%. The lowest was -8.67%. And the median was 3.93%.
TSE:5609's ROC (Joel Greenblatt) % is ranked worse than 73.46% of 633
companies
in the Steel industry
Industry Median: 7.27
vs TSE:5609: 1.09
Nippon Chuzo K.K.'s 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -24.70% 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.
Nippon Chuzo K.K. ROC (Joel Greenblatt) % Related Terms
Nippon Chuzo K.K. ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Nippon Chuzo K.K.'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:5609 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Nippon Chuzo K.K.'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 Chuzo K.K. ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Nippon Chuzo K.K.'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nippon Chuzo K.K.'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 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 -0.99% mean?
Nippon Chuzo K.K. (TSE:5609) has a ROC (Joel Greenblatt) % of -0.99% 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 Nippon Chuzo K.K. and its competitors. According to the industry distribution chart, Nippon Chuzo K.K. ranks #465 out of 633 companies in the Steel industry, placing it in the top 73.5%.
Is Nippon Chuzo K.K.'s ROC (Joel Greenblatt) % too high?
Nippon Chuzo K.K.'s current ROC (Joel Greenblatt) % is -0.99%. Based on the distribution chart, Nippon Chuzo K.K. ranks #465 out of 633 companies in the Steel industry, which is below the industry midpoint. Overall, Nippon Chuzo K.K. has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Chuzo K.K.'s ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Nippon Chuzo K.K. ranks #465 out of 633 companies for ROC (Joel Greenblatt) %. This places Nippon Chuzo K.K. in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 7.27. 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 7.27, 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. 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 Chuzo K.K. and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Chuzo K.K.'s current ROC (Joel Greenblatt) % is -0.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Chuzo K.K. stock overvalued right now?
Based on GuruFocus' analysis, Nippon Chuzo K.K. (TSE:5609) is currently considered Significantly Overvalued. The stock's GF Value™ is 円749.58, compared to a current price of 円981.00 — trading 30.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is -0.99%. Nippon Chuzo K.K.'s overall GF Score™ is 63/100 with 9 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 Chuzo K.K. (TSE:5609), the current ROC (Joel Greenblatt) % is -0.99% 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 Nippon Chuzo K.K. (TSE:5609) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Chuzo K.K. stock appears to be overvalued.
The current stock price of 円981.00 is trading 30.9% above its estimated GF Value™ of 円749.58.
GuruFocus considers Nippon Chuzo K.K. to be Significantly Overvalued.
Key valuation signals for TSE:5609:
ROC (Joel Greenblatt) %: -0.99%
GF Value™: 円749.58 vs. price of 円981.00 (30.9% above fair value)
No single metric tells the full story. See the TSE:5609 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Chuzo K.K. is a Japan-based company mainly engaged in the manufacturing and sale of forged products. It operates in three business divisions, including the Material product division that is engaged in the manufacturing of castings and fabricated materials, particularly for casting machinery. The Engineering division designs and manufactures bridge support and expansion device. And the Construction materials division manages fixed column foot construction.
63GF Score
Get the complete analysis for TSE:5609
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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