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ANEST IWATATSE:6381 -0.11%85 ROC (Joel Greenblatt) % is 45.33% as of Mar. 2026, which is 63% above its 10-year median of 27.76. GuruFocus rates TSE:6381 with a GF Score™ of 85/100 and a GF Value™ of 円1,487.66 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 3,065 Industrial Products companies, ANEST IWATA ranks better than 77.55% 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. ANEST IWATA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.33%.
The historical rank and industry rank for ANEST IWATA's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:6381'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.02 Med: 27.76 Max: 42.22
Current: 29.72
During the past 13 years, ANEST IWATA's highest ROC (Joel Greenblatt) % was 42.22%. The lowest was 22.02%. And the median was 27.76%.
TSE:6381's ROC (Joel Greenblatt) % is ranked better than 77.55% of 3065
companies
in the Industrial Products industry
Industry Median: 11.8
vs TSE:6381: 29.72
ANEST IWATA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.00% 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.
ANEST IWATA ROC (Joel Greenblatt) % Historical Data
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The historical data trend for ANEST IWATA'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:6381 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, ANEST IWATA'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.
ANEST IWATA ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ANEST IWATA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ANEST IWATA'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 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 45.33% mean?
ANEST IWATA (TSE:6381) has a ROC (Joel Greenblatt) % of 45.33% 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 ANEST IWATA and its competitors. This is 63% above median its historical median of 27.76. Over the past decade, ANEST IWATA's ROC (Joel Greenblatt) % has ranged from 22.02 to 42.22. According to the industry distribution chart, ANEST IWATA ranks #688 out of 3065 companies in the Industrial Products industry, placing it in the top 22.4%.
Is ANEST IWATA's ROC (Joel Greenblatt) % too high?
ANEST IWATA's current ROC (Joel Greenblatt) % of 45.33% is 63% above median its 10-year median of 27.76. Over the past 10 years, this metric has ranged from a low of 22.02 to a high of 42.22. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.80. ANEST IWATA's value of 45.33% is 284.2% above this industry median. Based on the distribution chart, ANEST IWATA ranks #688 out of 3065 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, ANEST IWATA has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ANEST IWATA's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ANEST IWATA ranks #688 out of 3065 companies for ROC (Joel Greenblatt) %. This places ANEST IWATA in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.80. ANEST IWATA's value of 45.33% is 284.2% above this benchmark. Historically, ANEST IWATA's own ROC (Joel Greenblatt) % has ranged from 22.02 to 42.22 over the past decade. While the company's 10-year median is 27.76 vs. the industry median of 11.80, ANEST IWATA 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 11.80, based on 3,065 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. ANEST IWATA's current ROC (Joel Greenblatt) % of 45.33% is 284.2% 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 ANEST IWATA and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANEST IWATA's current ROC (Joel Greenblatt) % is 45.33%, which is 63% above median its own 10-year median of 27.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANEST IWATA stock overvalued right now?
Based on GuruFocus' analysis, ANEST IWATA (TSE:6381) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,487.66, compared to a current price of 円1,890.00 — trading 27% above its estimated fair value. The current ROC (Joel Greenblatt) % is 45.33%, which is 63% above median its 10-year median of 27.76 and 284.2% above the Industrial Products industry median of 11.80. ANEST IWATA's overall GF Score™ is 85/100 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 ANEST IWATA (TSE:6381), the current ROC (Joel Greenblatt) % is 45.33% 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 ANEST IWATA (TSE:6381) Overvalued in 2026?
Based on GuruFocus' analysis, ANEST IWATA stock appears to be overvalued.
The current stock price of 円1,890.00 is trading 27% above its estimated GF Value™ of 円1,487.66.
GuruFocus considers ANEST IWATA to be Modestly Overvalued.
Key valuation signals for TSE:6381:
ROC (Joel Greenblatt) %: 45.33% (63% above median its 10-year median of 27.76)
GF Value™: 円1,487.66 vs. price of 円1,890.00 (27% above fair value)
Industry Position: 284.2% above the Industrial Products median (#688 of 3065)
No single metric tells the full story. See the TSE:6381 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANEST IWATA Corp manufactures and sells air compressors, pneumatic equipment and pneumatic tools. The company also manufactures and sells vacuum machinery, painting machinery, coating equipment, medical equipment, electric power supply equipment and power transmission equipment.
85GF Score
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