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.
Techno SmartTSE:6246 +0.32%87 ROC (Joel Greenblatt) % is 10.45% as of Mar. 2026, which is 71% below its 10-year median of 35.82. GuruFocus rates TSE:6246 with a GF Score™ of 87/100 and a GF Value™ of 円1,972.39 (Fairly Valued). The stock has 3 warning signs investors should review. Among 3,064 Industrial Products companies, Techno Smart ranks better than 78.36% 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. Techno Smart's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.45%.
The historical rank and industry rank for Techno Smart's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:6246'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.17 Med: 35.82 Max: 72.81
Current: 30.24
During the past 13 years, Techno Smart's highest ROC (Joel Greenblatt) % was 72.81%. The lowest was 13.17%. And the median was 35.82%.
TSE:6246's ROC (Joel Greenblatt) % is ranked better than 78.36% of 3064
companies
in the Industrial Products industry
Industry Median: 11.675
vs TSE:6246: 30.24
Techno Smart's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 31.20% 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.
Techno Smart ROC (Joel Greenblatt) % Related Terms
Techno Smart ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Techno Smart'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:6246 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Techno Smart'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.
Techno Smart ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Techno Smart's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Techno Smart'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 10.45% mean?
Techno Smart (TSE:6246) has a ROC (Joel Greenblatt) % of 10.45% 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 Techno Smart and its competitors. This is 71% below median its historical median of 35.82. Over the past decade, Techno Smart's ROC (Joel Greenblatt) % has ranged from 13.17 to 72.81. According to the industry distribution chart, Techno Smart ranks #663 out of 3064 companies in the Industrial Products industry, placing it in the top 21.6%.
Is Techno Smart's ROC (Joel Greenblatt) % too high?
Techno Smart's current ROC (Joel Greenblatt) % of 10.45% is 71% below median its 10-year median of 35.82. Over the past 10 years, this metric has ranged from a low of 13.17 to a high of 72.81. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.68. Techno Smart's value of 10.45% is 10.5% below this industry median. Based on the distribution chart, Techno Smart ranks #663 out of 3064 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Techno Smart has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Techno Smart's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Techno Smart ranks #663 out of 3064 companies for ROC (Joel Greenblatt) %. This places Techno Smart in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.68. Techno Smart's value of 10.45% is 10.5% below this benchmark. Historically, Techno Smart's own ROC (Joel Greenblatt) % has ranged from 13.17 to 72.81 over the past decade. While the company's 10-year median is 35.82 vs. the industry median of 11.68, Techno Smart 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.68, based on 3,064 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. Techno Smart's current ROC (Joel Greenblatt) % of 10.45% is 10.5% 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 Techno Smart and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Smart's current ROC (Joel Greenblatt) % is 10.45%, which is 71% below median its own 10-year median of 35.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Smart stock overvalued right now?
Based on GuruFocus' analysis, Techno Smart (TSE:6246) is currently considered Fairly Valued. The stock's GF Value™ is 円1,972.39, compared to a current price of 円1,859.00 — trading 5.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.45%, which is 71% below median its 10-year median of 35.82 and 10.5% below the Industrial Products industry median of 11.68. Techno Smart's overall GF Score™ is 87/100 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 Techno Smart (TSE:6246), the current ROC (Joel Greenblatt) % is 10.45% 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 Techno Smart (TSE:6246) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Smart stock appears to be undervalued.
The current stock price of 円1,859.00 is trading 5.7% below its estimated GF Value™ of 円1,972.39.
GuruFocus considers Techno Smart to be Fairly Valued.
Key valuation signals for TSE:6246:
ROC (Joel Greenblatt) %: 10.45% (71% below median its 10-year median of 35.82)
GF Value™: 円1,972.39 vs. price of 円1,859.00 (5.7% below fair value)
Industry Position: 10.5% below the Industrial Products median (#663 of 3064)
No single metric tells the full story. See the TSE:6246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Smart Corp is based in Japan. The company operates in a single segment, the machinery and equipment manufacturing industry, and designs, manufactures, installs and sells various dryers, principally coating and drying equipment used to impart various functionalities to substrates such as film, metal foil and paper, as well as heat treatment equipment, chemical engineering equipment and other industrial machinery.
87GF Score
Get the complete analysis for TSE:6246
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:6246 has been successfully added to your 
