Oriental Chain Mfg Co (TSE:6380) ROC (Joel Greenblatt) %: 1.81% (As of Mar. 2026) — 68% Below Median

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TSE:6380 Oriental Chain Mfg Co Ltd TSE:6380
46 GF Score
Price 円4,055.00
GF Value 円1,672.87
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Oriental Chain Mfg Co ROC (Joel Greenblatt) %?

Oriental Chain Mfg Co TSE:6380 -6.78% 46 ROC (Joel Greenblatt) % is 1.81% as of Mar. 2026, which is 68% below its 10-year median of 5.66. GuruFocus rates TSE:6380 with a GF Score™ of 46/100 and a GF Value™ of 円1,672.87 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 3,066 Industrial Products companies, Oriental Chain Mfg Co ranks worse than 69.24% 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. Oriental Chain Mfg Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.81%.

The historical rank and industry rank for Oriental Chain Mfg Co's ROC (Joel Greenblatt) % or its related term are showing as below:

TSE:6380' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.16   Med: 5.66   Max: 8.46
Current: 4.21

During the past 13 years, Oriental Chain Mfg Co's highest ROC (Joel Greenblatt) % was 8.46%. The lowest was 1.16%. And the median was 5.66%.

TSE:6380's ROC (Joel Greenblatt) % is ranked worse than
69.24% of 3066 companies
in the Industrial Products industry
Industry Median: 11.745 vs TSE:6380: 4.21

Oriental Chain Mfg Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 25.20% per year.


Oriental Chain Mfg Co  (TSE:6380) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Oriental Chain Mfg Co ROC (Joel Greenblatt) % Related Terms


Oriental Chain Mfg Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Oriental Chain 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.

Oriental Chain Mfg Co ROC (Joel Greenblatt) % Chart

Oriental Chain Mfg Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.70 6.05 8.46 5.27 4.22

Oriental Chain Mfg Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.26 5.69 5.06 6.65 1.81

TSE:6380 vs SNA, RBC, LECO: ROC (Joel Greenblatt) % Comparison

For the Tools & Accessories subindustry, Oriental Chain 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.


Oriental Chain Mfg Co ROC (Joel Greenblatt) % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Oriental Chain Mfg Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Oriental Chain Mfg Co's ROC (Joel Greenblatt) % falls into.


TSE:6380
46GF Score
Oriental Chain Mfg Co Ltd TSE:6380
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oriental Chain 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(687.625 + 993.359 + 656.382) - (566.792 + 0 + 232.729)
=1537.845

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(626.904 + 943.003 + 582.05) - (155.972 + 0 + 343.688)
=1652.297

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Oriental Chain Mfg Co for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=62.638/( ( (1891.056 + max(1537.845, 0)) + (1833.112 + max(1652.297, 0)) )/ 2 )
=62.638/( ( 3428.901 + 3485.409 )/ 2 )
=62.638/3457.155
=1.81 %

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 1.81% mean?
Oriental Chain Mfg Co (TSE:6380) has a ROC (Joel Greenblatt) % of 1.81% 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 Oriental Chain Mfg Co and its competitors. This is 68% below median its historical median of 5.66. Over the past decade, Oriental Chain Mfg Co's ROC (Joel Greenblatt) % has ranged from 1.16 to 8.46. According to the industry distribution chart, Oriental Chain Mfg Co ranks #2123 out of 3066 companies in the Industrial Products industry, placing it in the top 69.2%.
Is Oriental Chain Mfg Co's ROC (Joel Greenblatt) % too high?
Oriental Chain Mfg Co's current ROC (Joel Greenblatt) % of 1.81% is 68% below median its 10-year median of 5.66. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 8.46. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.75. Oriental Chain Mfg Co's value of 1.81% is 84.6% below this industry median. Based on the distribution chart, Oriental Chain Mfg Co ranks #2123 out of 3066 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Oriental Chain Mfg Co has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oriental Chain Mfg Co's ROC (Joel Greenblatt) % compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Oriental Chain Mfg Co ranks #2123 out of 3066 companies for ROC (Joel Greenblatt) %. This places Oriental Chain Mfg Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.75. Oriental Chain Mfg Co's value of 1.81% is 84.6% below this benchmark. Historically, Oriental Chain Mfg Co's own ROC (Joel Greenblatt) % has ranged from 1.16 to 8.46 over the past decade. While the company's 10-year median is 5.66 vs. the industry median of 11.75, Oriental Chain 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.75, based on 3,066 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. Oriental Chain Mfg Co's current ROC (Joel Greenblatt) % of 1.81% is 84.6% 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 Oriental Chain Mfg Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oriental Chain Mfg Co's current ROC (Joel Greenblatt) % is 1.81%, which is 68% below median its own 10-year median of 5.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oriental Chain Mfg Co stock overvalued right now?
Based on GuruFocus' analysis, Oriental Chain Mfg Co (TSE:6380) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,672.87, compared to a current price of 円4,055.00 — trading 142.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1.81%, which is 68% below median its 10-year median of 5.66 and 84.6% below the Industrial Products industry median of 11.75. Oriental Chain Mfg Co's overall GF Score™ is 46/100 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 Oriental Chain Mfg Co (TSE:6380), the current ROC (Joel Greenblatt) % is 1.81% 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 Oriental Chain Mfg Co (TSE:6380) Overvalued in 2026?

Based on GuruFocus' analysis, Oriental Chain Mfg Co stock appears to be overvalued. The current stock price of 円4,055.00 is trading 142.4% above its estimated GF Value™ of 円1,672.87. GuruFocus considers Oriental Chain Mfg Co to be Significantly Overvalued.

Key valuation signals for TSE:6380:

  • ROC (Joel Greenblatt) %: 1.81% (68% below median its 10-year median of 5.66)
  • GF Value™: 円1,672.87 vs. price of 円4,055.00 (142.4% above fair value)
  • GF Score™: 46/100 with 6 warning signs
  • Industry Position: 84.6% below the Industrial Products median (#2123 of 3066)

No single metric tells the full story. See the TSE:6380 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oriental Chain Mfg Co Business Description

Address 485 Miyanagaichimachi, Ishikawa Prefecture, Hakusan, JPN, 924-0016
Oriental Chain Mfg Co Ltd is engaged in manufacturing and selling roller chains, conveyor chains, and sprockets for use in various equipment in Japan and internationally. The company's products include stainless and nickel plated, extra heavy duty, and top roller chains, as well as roller chains with outboard rollers; plastic and hollow pins, among others.
46GF Score

Get the complete analysis for TSE:6380

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円4,055.00
Price
円1,672.87
GF Value