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Nihon Dempa Kogyo CoTSE:6779 -1.53%66 ROC (Joel Greenblatt) % is 9.56% as of Mar. 2026, which is 5% above its 10-year median of 9.14. GuruFocus rates TSE:6779 with a GF Score™ of 66/100 and a GF Value™ of 円1,251.97 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,491 Hardware companies, Nihon Dempa Kogyo Co ranks worse than 53.63% 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. Nihon Dempa Kogyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.56%.
The historical rank and industry rank for Nihon Dempa Kogyo Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:6779'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.55 Med: 9.14 Max: 23.93
Current: 8.42
During the past 13 years, Nihon Dempa Kogyo Co's highest ROC (Joel Greenblatt) % was 23.93%. The lowest was -23.55%. And the median was 9.14%.
TSE:6779's ROC (Joel Greenblatt) % is ranked worse than 53.63% of 2491
companies
in the Hardware industry
Industry Median: 10.43
vs TSE:6779: 8.42
Nihon Dempa Kogyo Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.50% per year.
Nihon Dempa Kogyo Co (TSE:6779) 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.
Nihon Dempa Kogyo Co ROC (Joel Greenblatt) % Related Terms
Nihon Dempa Kogyo Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nihon Dempa Kogyo 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.
Nihon Dempa Kogyo Co ROC (Joel Greenblatt) % Chart
TSE:6779 vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Nihon Dempa Kogyo 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.
Nihon Dempa Kogyo Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Nihon Dempa Kogyo Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nihon Dempa Kogyo Co's ROC (Joel Greenblatt) % falls into.
Nihon Dempa Kogyo 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 9.56% mean?
Nihon Dempa Kogyo Co (TSE:6779) has a ROC (Joel Greenblatt) % of 9.56% 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 Nihon Dempa Kogyo Co and its competitors. This is near median its historical median of 9.14. According to the industry distribution chart, Nihon Dempa Kogyo Co ranks #1336 out of 2491 companies in the Hardware industry, placing it in the top 53.6%.
Is Nihon Dempa Kogyo Co's ROC (Joel Greenblatt) % too high?
Nihon Dempa Kogyo Co's current ROC (Joel Greenblatt) % of 9.56% is near median its 10-year median of 9.14. The Hardware industry median ROC (Joel Greenblatt) % is 10.43. Nihon Dempa Kogyo Co's value of 9.56% is 8.3% below this industry median. Based on the distribution chart, Nihon Dempa Kogyo Co ranks #1336 out of 2491 companies in the Hardware industry, which is below the industry midpoint. Overall, Nihon Dempa Kogyo Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Dempa Kogyo Co's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Nihon Dempa Kogyo Co ranks #1336 out of 2491 companies for ROC (Joel Greenblatt) %. This places Nihon Dempa Kogyo Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.43. Nihon Dempa Kogyo Co's value of 9.56% is 8.3% below this benchmark. While the company's 10-year median is 9.14 vs. the industry median of 10.43, Nihon Dempa Kogyo 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 10.43, based on 2,491 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. Nihon Dempa Kogyo Co's current ROC (Joel Greenblatt) % of 9.56% is 8.3% 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 Nihon Dempa Kogyo Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Dempa Kogyo Co's current ROC (Joel Greenblatt) % is 9.56%, which is near median its own 10-year median of 9.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Dempa Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Dempa Kogyo Co (TSE:6779) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,251.97, compared to a current price of 円2,774.00 — trading 121.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 9.56%, which is near median its 10-year median of 9.14 and 8.3% below the Hardware industry median of 10.43. Nihon Dempa Kogyo Co's overall GF Score™ is 66/100 with 7 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 Nihon Dempa Kogyo Co (TSE:6779), the current ROC (Joel Greenblatt) % is 9.56% 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 Nihon Dempa Kogyo Co (TSE:6779) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Dempa Kogyo Co stock appears to be overvalued.
The current stock price of 円2,774.00 is trading 121.6% above its estimated GF Value™ of 円1,251.97.
GuruFocus considers Nihon Dempa Kogyo Co to be Significantly Overvalued.
Key valuation signals for TSE:6779:
ROC (Joel Greenblatt) %: 9.56% (near median its 10-year median of 9.14)
GF Value™: 円1,251.97 vs. price of 円2,774.00 (121.6% above fair value)
Industry Position: 8.3% below the Hardware median (#1336 of 2491)
No single metric tells the full story. See the TSE:6779 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Dempa Kogyo Co Ltd is a Japanese based company engaged in the manufacturing and sale of quartz crystal devices. Its product portfolio includes crystal unit, crystal clock oscillators, simple packaged crystal oscillators (SPXO), crystal filters, temperature compensated crystal oscillators (TCXO), bio sensor, frequency synthesizer, crystal blank, optical low-pass filter, ultrasonic probe among others. Its products are used in automotive, smartphone, network equipment, digital camera, game console, personal computers and digital consumer electronics. Its market coverage includes sales in Japan, America, Europe, and Asia.
66GF Score
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