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.
Nissei ASB Machine CoTSE:6284 -4.06%93 ROC (Joel Greenblatt) % is 47.05% as of Mar. 2026, which is 77% above its 10-year median of 26.53. GuruFocus rates TSE:6284 with a GF Score™ of 93/100 and a GF Value™ of 円6,900.94 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 3,060 Industrial Products companies, Nissei ASB Machine Co ranks better than 83.95% 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. Nissei ASB Machine Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 47.05%.
The historical rank and industry rank for Nissei ASB Machine Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:6284'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.31 Med: 26.53 Max: 40.57
Current: 36.27
During the past 13 years, Nissei ASB Machine Co's highest ROC (Joel Greenblatt) % was 40.57%. The lowest was 16.31%. And the median was 26.53%.
TSE:6284's ROC (Joel Greenblatt) % is ranked better than 83.95% of 3060
companies
in the Industrial Products industry
Industry Median: 11.73
vs TSE:6284: 36.27
Nissei ASB Machine Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.90% per year.
Nissei ASB Machine Co (TSE:6284) 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.
Nissei ASB Machine Co ROC (Joel Greenblatt) % Related Terms
Nissei ASB Machine Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nissei ASB Machine 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.
Nissei ASB Machine Co ROC (Joel Greenblatt) % Chart
TSE:6284 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Nissei ASB Machine 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.
Nissei ASB Machine Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nissei ASB Machine Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nissei ASB Machine Co's ROC (Joel Greenblatt) % falls into.
Nissei ASB Machine 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 47.05% mean?
Nissei ASB Machine Co (TSE:6284) has a ROC (Joel Greenblatt) % of 47.05% 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 Nissei ASB Machine Co and its competitors. This is 77% above median its historical median of 26.53. Over the past decade, Nissei ASB Machine Co's ROC (Joel Greenblatt) % has ranged from 16.31 to 40.57. According to the industry distribution chart, Nissei ASB Machine Co ranks #491 out of 3060 companies in the Industrial Products industry, placing it in the top 16%.
Is Nissei ASB Machine Co's ROC (Joel Greenblatt) % too high?
Nissei ASB Machine Co's current ROC (Joel Greenblatt) % of 47.05% is 77% above median its 10-year median of 26.53. Over the past 10 years, this metric has ranged from a low of 16.31 to a high of 40.57. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.73. Nissei ASB Machine Co's value of 47.05% is 301.1% above this industry median. Based on the distribution chart, Nissei ASB Machine Co ranks #491 out of 3060 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Nissei ASB Machine Co has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nissei ASB Machine Co's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Nissei ASB Machine Co ranks #491 out of 3060 companies for ROC (Joel Greenblatt) %. This places Nissei ASB Machine Co in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.73. Nissei ASB Machine Co's value of 47.05% is 301.1% above this benchmark. Historically, Nissei ASB Machine Co's own ROC (Joel Greenblatt) % has ranged from 16.31 to 40.57 over the past decade. While the company's 10-year median is 26.53 vs. the industry median of 11.73, Nissei ASB Machine 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.73, based on 3,060 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. Nissei ASB Machine Co's current ROC (Joel Greenblatt) % of 47.05% is 301.1% 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 Nissei ASB Machine Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nissei ASB Machine Co's current ROC (Joel Greenblatt) % is 47.05%, which is 77% above median its own 10-year median of 26.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissei ASB Machine Co stock overvalued right now?
Based on GuruFocus' analysis, Nissei ASB Machine Co (TSE:6284) is currently considered Significantly Overvalued. The stock's GF Value™ is 円6,900.94, compared to a current price of 円9,220.00 — trading 33.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 47.05%, which is 77% above median its 10-year median of 26.53 and 301.1% above the Industrial Products industry median of 11.73. Nissei ASB Machine Co's overall GF Score™ is 93/100 with 5 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 Nissei ASB Machine Co (TSE:6284), the current ROC (Joel Greenblatt) % is 47.05% 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 Nissei ASB Machine Co (TSE:6284) Overvalued in 2026?
Based on GuruFocus' analysis, Nissei ASB Machine Co stock appears to be overvalued.
The current stock price of 円9,220.00 is trading 33.6% above its estimated GF Value™ of 円6,900.94.
GuruFocus considers Nissei ASB Machine Co to be Significantly Overvalued.
Key valuation signals for TSE:6284:
ROC (Joel Greenblatt) %: 47.05% (77% above median its 10-year median of 26.53)
GF Value™: 円6,900.94 vs. price of 円9,220.00 (33.6% above fair value)
Industry Position: 301.1% above the Industrial Products median (#491 of 3060)
No single metric tells the full story. See the TSE:6284 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nissei ASB Machine Co Ltd manufactures and sells stretch blow molding machines for PET and other plastic bottles. Its products include one-step stretch blow molding, perform molding, and heat-resistant blow molding machines, among others.
93GF Score
Get the complete analysis for TSE:6284
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:6284 has been successfully added to your 
