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Kanematsu Engineering CoTSE:6402 -0.71%80 ROC (Joel Greenblatt) % is 18.84% as of Mar. 2026, which is 22% below its 10-year median of 24.09. GuruFocus rates TSE:6402 with a GF Score™ of 80/100 and a GF Value™ of 円1,474.42 (Fairly Valued). The stock has 1 warning sign investors should review. Among 3,061 Industrial Products companies, Kanematsu Engineering Co ranks better than 67.66% 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. Kanematsu Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.84%.
The historical rank and industry rank for Kanematsu Engineering Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:6402'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.77 Med: 24.09 Max: 39.66
Current: 20.95
During the past 13 years, Kanematsu Engineering Co's highest ROC (Joel Greenblatt) % was 39.66%. The lowest was 13.77%. And the median was 24.09%.
TSE:6402's ROC (Joel Greenblatt) % is ranked better than 67.66% of 3061
companies
in the Industrial Products industry
Industry Median: 11.71
vs TSE:6402: 20.95
Kanematsu Engineering Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -6.40% per year.
Kanematsu Engineering Co (TSE:6402) 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.
Kanematsu Engineering Co ROC (Joel Greenblatt) % Related Terms
Kanematsu Engineering Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Kanematsu Engineering 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.
Kanematsu Engineering Co ROC (Joel Greenblatt) % Chart
TSE:6402 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Kanematsu Engineering 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.
Kanematsu Engineering Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kanematsu Engineering Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kanematsu Engineering Co's ROC (Joel Greenblatt) % falls into.
Kanematsu Engineering 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 18.84% mean?
Kanematsu Engineering Co (TSE:6402) has a ROC (Joel Greenblatt) % of 18.84% 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 Kanematsu Engineering Co and its competitors. This is 22% below median its historical median of 24.09. Over the past decade, Kanematsu Engineering Co's ROC (Joel Greenblatt) % has ranged from 13.77 to 39.66. According to the industry distribution chart, Kanematsu Engineering Co ranks #990 out of 3061 companies in the Industrial Products industry, placing it in the top 32.3%.
Is Kanematsu Engineering Co's ROC (Joel Greenblatt) % too high?
Kanematsu Engineering Co's current ROC (Joel Greenblatt) % of 18.84% is 22% below median its 10-year median of 24.09. Over the past 10 years, this metric has ranged from a low of 13.77 to a high of 39.66. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.71. Kanematsu Engineering Co's value of 18.84% is 60.9% above this industry median. Based on the distribution chart, Kanematsu Engineering Co ranks #990 out of 3061 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kanematsu Engineering Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kanematsu Engineering Co's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kanematsu Engineering Co ranks #990 out of 3061 companies for ROC (Joel Greenblatt) %. This puts Kanematsu Engineering Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.71. Kanematsu Engineering Co's value of 18.84% is 60.9% above this benchmark. Historically, Kanematsu Engineering Co's own ROC (Joel Greenblatt) % has ranged from 13.77 to 39.66 over the past decade. While the company's 10-year median is 24.09 vs. the industry median of 11.71, Kanematsu Engineering 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 11.71, based on 3,061 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. Kanematsu Engineering Co's current ROC (Joel Greenblatt) % of 18.84% is 60.9% 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 Kanematsu Engineering Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kanematsu Engineering Co's current ROC (Joel Greenblatt) % is 18.84%, which is 22% below median its own 10-year median of 24.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanematsu Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Kanematsu Engineering Co (TSE:6402) is currently considered Fairly Valued. The stock's GF Value™ is 円1,474.42, compared to a current price of 円1,538.00 — trading 4.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 18.84%, which is 22% below median its 10-year median of 24.09 and 60.9% above the Industrial Products industry median of 11.71. Kanematsu Engineering Co's overall GF Score™ is 80/100 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 Kanematsu Engineering Co (TSE:6402), the current ROC (Joel Greenblatt) % is 18.84% 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 Kanematsu Engineering Co (TSE:6402) Overvalued in 2026?
Based on GuruFocus' analysis, Kanematsu Engineering Co stock appears to be overvalued.
The current stock price of 円1,538.00 is trading 4.3% above its estimated GF Value™ of 円1,474.42.
GuruFocus considers Kanematsu Engineering Co to be Fairly Valued.
Key valuation signals for TSE:6402:
ROC (Joel Greenblatt) %: 18.84% (22% below median its 10-year median of 24.09)
GF Value™: 円1,474.42 vs. price of 円1,538.00 (4.3% above fair value)
Industry Position: 60.9% above the Industrial Products median (#990 of 3061)
No single metric tells the full story. See the TSE:6402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kanematsu Engineering Co Ltd offers specialty vehicles. Its principal products include high-power suction trucks, stationary suction machine, high-pressure cleaning trucks, powder suction and pressure delivery trucks and dredge system. It's products used by industrial waste disposer, iron and steel industry, electric power company, shipbuilding company, and overseas users.
80GF Score
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