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Maruyama MFG CoTSE:6316 -3.21%72 ROC (Joel Greenblatt) % is 6.92% as of Mar. 2026, which is 0% below its 10-year median of 6.94. GuruFocus rates TSE:6316 with a GF Score™ of 72/100 and a GF Value™ of 円2,525.48 (Fairly Valued). The stock has 6 warning signs investors should review. Among 209 Farm & Heavy Construction Machinery companies, Maruyama MFG Co ranks worse than 62.2% 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. Maruyama MFG Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.92%.
The historical rank and industry rank for Maruyama MFG Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:6316'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.15 Med: 6.94 Max: 11.69
Current: 9.13
During the past 13 years, Maruyama MFG Co's highest ROC (Joel Greenblatt) % was 11.69%. The lowest was 3.15%. And the median was 6.94%.
TSE:6316's ROC (Joel Greenblatt) % is ranked worse than 62.2% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 13.6
vs TSE:6316: 9.13
Maruyama MFG Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.10% per year.
Maruyama MFG Co (TSE:6316) 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.
Maruyama MFG Co ROC (Joel Greenblatt) % Related Terms
Maruyama MFG Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Maruyama MFG 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.
TSE:6316 vs CAT, DE, PCAR: ROC (Joel Greenblatt) % Comparison
For the Farm & Heavy Construction Machinery subindustry, Maruyama MFG 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.
Maruyama MFG Co ROC (Joel Greenblatt) % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Maruyama MFG Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Maruyama MFG Co's ROC (Joel Greenblatt) % falls into.
Maruyama MFG 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 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 6.92% mean?
Maruyama MFG Co (TSE:6316) has a ROC (Joel Greenblatt) % of 6.92% 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 Maruyama MFG Co and its competitors. This is near median its historical median of 6.94. Over the past decade, Maruyama MFG Co's ROC (Joel Greenblatt) % has ranged from 3.15 to 11.69. According to the industry distribution chart, Maruyama MFG Co ranks #130 out of 209 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 62.2%.
Is Maruyama MFG Co's ROC (Joel Greenblatt) % too high?
Maruyama MFG Co's current ROC (Joel Greenblatt) % of 6.92% is near median its 10-year median of 6.94. Over the past 10 years, this metric has ranged from a low of 3.15 to a high of 11.69. The Farm & Heavy Construction Machinery industry median ROC (Joel Greenblatt) % is 13.60. Maruyama MFG Co's value of 6.92% is 49.1% below this industry median. Based on the distribution chart, Maruyama MFG Co ranks #130 out of 209 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Maruyama MFG Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maruyama MFG Co's ROC (Joel Greenblatt) % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Maruyama MFG Co ranks #130 out of 209 companies for ROC (Joel Greenblatt) %. This places Maruyama MFG Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.60. Maruyama MFG Co's value of 6.92% is 49.1% below this benchmark. Historically, Maruyama MFG Co's own ROC (Joel Greenblatt) % has ranged from 3.15 to 11.69 over the past decade. While the company's 10-year median is 6.94 vs. the industry median of 13.60, Maruyama MFG Co 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 Farm & Heavy Construction Machinery company?
The median ROC (Joel Greenblatt) % among Farm & Heavy Construction Machinery companies is 13.60, based on 209 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. Maruyama MFG Co's current ROC (Joel Greenblatt) % of 6.92% is 49.1% 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 Maruyama MFG Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median ROC (Joel Greenblatt) % is 13.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruyama MFG Co's current ROC (Joel Greenblatt) % is 6.92%, which is near median its own 10-year median of 6.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruyama MFG Co stock overvalued right now?
Based on GuruFocus' analysis, Maruyama MFG Co (TSE:6316) is currently considered Fairly Valued. The stock's GF Value™ is 円2,525.48, compared to a current price of 円2,716.00 — trading 7.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 6.92%, which is near median its 10-year median of 6.94 and 49.1% below the Farm & Heavy Construction Machinery industry median of 13.60. Maruyama MFG Co's overall GF Score™ is 72/100 with 6 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 Maruyama MFG Co (TSE:6316), the current ROC (Joel Greenblatt) % is 6.92% 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 Maruyama MFG Co (TSE:6316) Overvalued in 2026?
Based on GuruFocus' analysis, Maruyama MFG Co stock appears to be overvalued.
The current stock price of 円2,716.00 is trading 7.5% above its estimated GF Value™ of 円2,525.48.
GuruFocus considers Maruyama MFG Co to be Fairly Valued.
Key valuation signals for TSE:6316:
ROC (Joel Greenblatt) %: 6.92% (near median its 10-year median of 6.94)
GF Value™: 円2,525.48 vs. price of 円2,716.00 (7.5% above fair value)
Industry Position: 49.1% below the Farm & Heavy Construction Machinery median (#130 of 209)
No single metric tells the full story. See the TSE:6316 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maruyama MFG Co Inc is a Japan-based company engaged in the manufacture and sale of agricultural machines and environmental sanitation machines. It also manufactures and sells firefighting equipment, industrial pumps, cleaning equipment, construction machinery, engines, cars and other vehicles used for agriculture. In addition, the group is also involved in the contracted design, construction of plumbing and fire-prevention equipment real estate and leasing business. The group conducts its business operations in Japan and internationally.
72GF Score
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