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Shin-Etsu Polymer CoTSE:7970 -2.18%92 ROC (Joel Greenblatt) % is 12.68% as of Mar. 2026, which is 39% below its 10-year median of 20.77. GuruFocus rates TSE:7970 with a GF Score™ of 92/100 and a GF Value™ of 円1,755.48 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,604 Chemicals companies, Shin-Etsu Polymer Co ranks better than 70.89% 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. Shin-Etsu Polymer Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.68%.
The historical rank and industry rank for Shin-Etsu Polymer Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:7970'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 17.21 Med: 20.77 Max: 24.51
Current: 18.04
During the past 13 years, Shin-Etsu Polymer Co's highest ROC (Joel Greenblatt) % was 24.51%. The lowest was 17.21%. And the median was 20.77%.
TSE:7970's ROC (Joel Greenblatt) % is ranked better than 70.89% of 1604
companies
in the Chemicals industry
Industry Median: 9.565
vs TSE:7970: 18.04
Shin-Etsu Polymer Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.00% per year.
Shin-Etsu Polymer Co (TSE:7970) 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.
Shin-Etsu Polymer Co ROC (Joel Greenblatt) % Related Terms
Shin-Etsu Polymer Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Shin-Etsu Polymer 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.
Shin-Etsu Polymer Co ROC (Joel Greenblatt) % Chart
TSE:7970 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Shin-Etsu Polymer 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.
Shin-Etsu Polymer Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shin-Etsu Polymer Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shin-Etsu Polymer Co's ROC (Joel Greenblatt) % falls into.
Shin-Etsu Polymer 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 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 12.68% mean?
Shin-Etsu Polymer Co (TSE:7970) has a ROC (Joel Greenblatt) % of 12.68% 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 Shin-Etsu Polymer Co and its competitors. This is 39% below median its historical median of 20.77. Over the past decade, Shin-Etsu Polymer Co's ROC (Joel Greenblatt) % has ranged from 17.21 to 24.51. According to the industry distribution chart, Shin-Etsu Polymer Co ranks #467 out of 1604 companies in the Chemicals industry, placing it in the top 29.1%.
Is Shin-Etsu Polymer Co's ROC (Joel Greenblatt) % too high?
Shin-Etsu Polymer Co's current ROC (Joel Greenblatt) % of 12.68% is 39% below median its 10-year median of 20.77. Over the past 10 years, this metric has ranged from a low of 17.21 to a high of 24.51. The Chemicals industry median ROC (Joel Greenblatt) % is 9.57. Shin-Etsu Polymer Co's value of 12.68% is 32.6% above this industry median. Based on the distribution chart, Shin-Etsu Polymer Co ranks #467 out of 1604 companies in the Chemicals industry, which is above the industry midpoint. Overall, Shin-Etsu Polymer Co has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shin-Etsu Polymer Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shin-Etsu Polymer Co ranks #467 out of 1604 companies for ROC (Joel Greenblatt) %. This puts Shin-Etsu Polymer Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.57. Shin-Etsu Polymer Co's value of 12.68% is 32.6% above this benchmark. Historically, Shin-Etsu Polymer Co's own ROC (Joel Greenblatt) % has ranged from 17.21 to 24.51 over the past decade. While the company's 10-year median is 20.77 vs. the industry median of 9.57, Shin-Etsu Polymer 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 a Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.57, based on 1,604 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. Shin-Etsu Polymer Co's current ROC (Joel Greenblatt) % of 12.68% is 32.6% 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 Shin-Etsu Polymer Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin-Etsu Polymer Co's current ROC (Joel Greenblatt) % is 12.68%, which is 39% below median its own 10-year median of 20.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin-Etsu Polymer Co stock overvalued right now?
Based on GuruFocus' analysis, Shin-Etsu Polymer Co (TSE:7970) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,755.48, compared to a current price of 円2,106.00 — trading 20% above its estimated fair value. The current ROC (Joel Greenblatt) % is 12.68%, which is 39% below median its 10-year median of 20.77 and 32.6% above the Chemicals industry median of 9.57. Shin-Etsu Polymer Co's overall GF Score™ is 92/100 with 6 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 Shin-Etsu Polymer Co (TSE:7970), the current ROC (Joel Greenblatt) % is 12.68% 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 Shin-Etsu Polymer Co (TSE:7970) Overvalued in 2026?
Based on GuruFocus' analysis, Shin-Etsu Polymer Co stock appears to be overvalued.
The current stock price of 円2,106.00 is trading 20% above its estimated GF Value™ of 円1,755.48.
GuruFocus considers Shin-Etsu Polymer Co to be Modestly Overvalued.
Key valuation signals for TSE:7970:
ROC (Joel Greenblatt) %: 12.68% (39% below median its 10-year median of 20.77)
GF Value™: 円1,755.48 vs. price of 円2,106.00 (20% above fair value)
Industry Position: 32.6% above the Chemicals median (#467 of 1604)
No single metric tells the full story. See the TSE:7970 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin-Etsu Polymer Co Ltd manufactures polyvinyl and rubber products. The company develops applications for using the silicone and various plastics involving materials and compounding, design, molding processes, and evaluation and analysis and meets the needs of customers engaged in the field from automobiles and information devices to semiconductors and construction materials. Shin-Etsu sells its products mainly to the electronic devices industry, housing and living materials industry, precision molding products industry and others but majority of the revenues are derived from precision molding products which includes shipping and carrying containers for semiconductor silicon wafers, materials for automatic mounting of electronic components, office automation device components.
92GF Score
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