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Kaji TechnologyTSE:6391 +0.11%72 ROC (Joel Greenblatt) % is 17.28% as of Mar. 2026, which is 137% above its 10-year median of 7.28. GuruFocus rates TSE:6391 with a GF Score™ of 72/100 and a GF Value™ of 円4,332.82 (Fairly Valued). The stock has 1 warning sign investors should review. Among 3,064 Industrial Products companies, Kaji Technology ranks better than 55.16% 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. Kaji Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.28%.
The historical rank and industry rank for Kaji Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:6391'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.83 Med: 7.28 Max: 14.63
Current: 14.3
During the past 13 years, Kaji Technology's highest ROC (Joel Greenblatt) % was 14.63%. The lowest was 3.83%. And the median was 7.28%.
TSE:6391's ROC (Joel Greenblatt) % is ranked better than 55.16% of 3064
companies
in the Industrial Products industry
Industry Median: 11.81
vs TSE:6391: 14.30
Kaji Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.40% 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.
Kaji Technology ROC (Joel Greenblatt) % Related Terms
Kaji Technology ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Kaji Technology'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:6391 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Kaji Technology'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.
Kaji Technology ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kaji Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kaji Technology'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 17.28% mean?
Kaji Technology (TSE:6391) has a ROC (Joel Greenblatt) % of 17.28% 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 Kaji Technology and its competitors. This is 137% above median its historical median of 7.28. Over the past decade, Kaji Technology's ROC (Joel Greenblatt) % has ranged from 3.83 to 14.63. According to the industry distribution chart, Kaji Technology ranks #1374 out of 3064 companies in the Industrial Products industry, placing it in the top 44.8%.
Is Kaji Technology's ROC (Joel Greenblatt) % too high?
Kaji Technology's current ROC (Joel Greenblatt) % of 17.28% is 137% above median its 10-year median of 7.28. Over the past 10 years, this metric has ranged from a low of 3.83 to a high of 14.63. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.81. Kaji Technology's value of 17.28% is 46.3% above this industry median. Based on the distribution chart, Kaji Technology ranks #1374 out of 3064 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kaji Technology has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kaji Technology's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kaji Technology ranks #1374 out of 3064 companies for ROC (Joel Greenblatt) %. This puts Kaji Technology in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.81. Kaji Technology's value of 17.28% is 46.3% above this benchmark. Historically, Kaji Technology's own ROC (Joel Greenblatt) % has ranged from 3.83 to 14.63 over the past decade. While the company's 10-year median is 7.28 vs. the industry median of 11.81, Kaji Technology 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 11.81, 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. Kaji Technology's current ROC (Joel Greenblatt) % of 17.28% is 46.3% 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 Kaji Technology and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaji Technology's current ROC (Joel Greenblatt) % is 17.28%, which is 137% above median its own 10-year median of 7.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaji Technology stock overvalued right now?
Based on GuruFocus' analysis, Kaji Technology (TSE:6391) is currently considered Fairly Valued. The stock's GF Value™ is 円4,332.82, compared to a current price of 円4,585.00 — trading 5.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 17.28%, which is 137% above median its 10-year median of 7.28 and 46.3% above the Industrial Products industry median of 11.81. Kaji Technology's overall GF Score™ is 72/100 with 1 warning sign 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 Kaji Technology (TSE:6391), the current ROC (Joel Greenblatt) % is 17.28% 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 Kaji Technology (TSE:6391) Overvalued in 2026?
Based on GuruFocus' analysis, Kaji Technology stock appears to be overvalued.
The current stock price of 円4,585.00 is trading 5.8% above its estimated GF Value™ of 円4,332.82.
GuruFocus considers Kaji Technology to be Fairly Valued.
Key valuation signals for TSE:6391:
ROC (Joel Greenblatt) %: 17.28% (137% above median its 10-year median of 7.28)
GF Value™: 円4,332.82 vs. price of 円4,585.00 (5.8% above fair value)
Industry Position: 46.3% above the Industrial Products median (#1374 of 3064)
No single metric tells the full story. See the TSE:6391 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaji Technology Corp is a Japan-based company that manufactures air and gas compressors, textile machinery, cast iron products, and weldments. Its offerings include gas compressors, CNG compressors, monitoring systems, PET blowing, and gas handling equipment.
72GF Score
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