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Di Nikko Engineering CoTSE:6635 -0.86%62 ROC (Joel Greenblatt) % is 4.41% as of Dec. 2025, which is 18% below its 10-year median of 5.36. GuruFocus rates TSE:6635 with a GF Score™ of 62/100 and a GF Value™ of 円490.60 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,492 Hardware companies, Di Nikko Engineering Co ranks worse than 59.95% 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. Di Nikko Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.41%.
The historical rank and industry rank for Di Nikko Engineering Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:6635'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.34 Med: 5.36 Max: 10.17
Current: 5.56
During the past 13 years, Di Nikko Engineering Co's highest ROC (Joel Greenblatt) % was 10.17%. The lowest was -6.34%. And the median was 5.36%.
TSE:6635's ROC (Joel Greenblatt) % is ranked worse than 59.95% of 2492
companies
in the Hardware industry
Industry Median: 10.51
vs TSE:6635: 5.56
Di Nikko Engineering Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.70% per year.
Di Nikko Engineering Co (TSE:6635) 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.
Di Nikko Engineering Co ROC (Joel Greenblatt) % Related Terms
Di Nikko Engineering Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Di Nikko 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.
Di Nikko Engineering Co ROC (Joel Greenblatt) % Chart
TSE:6635 vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Di Nikko 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.
Di Nikko Engineering Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Di Nikko Engineering Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Di Nikko Engineering Co's ROC (Joel Greenblatt) % falls into.
Di Nikko 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 (Dec. 2025) 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 4.41% mean?
Di Nikko Engineering Co (TSE:6635) has a ROC (Joel Greenblatt) % of 4.41% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Di Nikko Engineering Co and its competitors. This is 18% below median its historical median of 5.36. According to the industry distribution chart, Di Nikko Engineering Co ranks #1494 out of 2492 companies in the Hardware industry, placing it in the top 60%.
Is Di Nikko Engineering Co's ROC (Joel Greenblatt) % too high?
Di Nikko Engineering Co's current ROC (Joel Greenblatt) % of 4.41% is 18% below median its 10-year median of 5.36. The Hardware industry median ROC (Joel Greenblatt) % is 10.51. Di Nikko Engineering Co's value of 4.41% is 58% below this industry median. Based on the distribution chart, Di Nikko Engineering Co ranks #1494 out of 2492 companies in the Hardware industry, which is below the industry midpoint. Overall, Di Nikko Engineering Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Di Nikko Engineering Co's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Di Nikko Engineering Co ranks #1494 out of 2492 companies for ROC (Joel Greenblatt) %. This places Di Nikko Engineering Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.51. Di Nikko Engineering Co's value of 4.41% is 58% below this benchmark. While the company's 10-year median is 5.36 vs. the industry median of 10.51, Di Nikko Engineering 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.51, based on 2,492 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. Di Nikko Engineering Co's current ROC (Joel Greenblatt) % of 4.41% is 58% 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 Di Nikko Engineering Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Di Nikko Engineering Co's current ROC (Joel Greenblatt) % is 4.41%, which is 18% below median its own 10-year median of 5.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Di Nikko Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Di Nikko Engineering Co (TSE:6635) is currently considered Significantly Overvalued. The stock's GF Value™ is 円490.60, compared to a current price of 円691.00 — trading 40.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.41%, which is 18% below median its 10-year median of 5.36 and 58% below the Hardware industry median of 10.51. Di Nikko Engineering Co's overall GF Score™ is 62/100 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 Di Nikko Engineering Co (TSE:6635), the current ROC (Joel Greenblatt) % is 4.41% as of Dec. 2025. 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 Di Nikko Engineering Co (TSE:6635) Overvalued in 2026?
Based on GuruFocus' analysis, Di Nikko Engineering Co stock appears to be overvalued.
The current stock price of 円691.00 is trading 40.8% above its estimated GF Value™ of 円490.60.
GuruFocus considers Di Nikko Engineering Co to be Significantly Overvalued.
Key valuation signals for TSE:6635:
ROC (Joel Greenblatt) %: 4.41% (18% below median its 10-year median of 5.36)
GF Value™: 円490.60 vs. price of 円691.00 (40.8% above fair value)
Industry Position: 58% below the Hardware median (#1494 of 2492)
No single metric tells the full story. See the TSE:6635 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Di Nikko Engineering Co Ltd engages in the design, test, manufacture, distribution, and return/repair of electronic components and assemblies for original equipment manufacturers in Japan. Its services include the design to production of the circuit implementation of an electronic board used for an electronics product, an OA apparatus, optical goods, and communications equipment. Geographically company manages in two segments Japan and Asia.
62GF Score
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