Sankyo Seiko Co (TSE:8018) ROC (Joel Greenblatt) %: 40.41% (As of Mar. 2026) — 121% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:8018 Sankyo Seiko Co Ltd TSE:8018
83 GF Score
Price 円800.00
GF Value 円791.97
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Sankyo Seiko Co ROC (Joel Greenblatt) %?

Sankyo Seiko Co TSE:8018 +0.76% 83 ROC (Joel Greenblatt) % is 40.41% as of Mar. 2026, which is 121% above its 10-year median of 18.30. GuruFocus rates TSE:8018 with a GF Score™ of 83/100 and a GF Value™ of 円791.97 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,132 Retail - Cyclical companies, Sankyo Seiko Co ranks better than 63.16% 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. Sankyo Seiko Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 40.41%.

The historical rank and industry rank for Sankyo Seiko Co's ROC (Joel Greenblatt) % or its related term are showing as below:

TSE:8018' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.45   Med: 18.3   Max: 24.87
Current: 19.21

During the past 13 years, Sankyo Seiko Co's highest ROC (Joel Greenblatt) % was 24.87%. The lowest was 12.45%. And the median was 18.30%.

TSE:8018's ROC (Joel Greenblatt) % is ranked better than
63.16% of 1132 companies
in the Retail - Cyclical industry
Industry Median: 11.62 vs TSE:8018: 19.21

Sankyo Seiko Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.40% per year.


Sankyo Seiko Co  (TSE:8018) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Sankyo Seiko Co ROC (Joel Greenblatt) % Related Terms


Sankyo Seiko Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Sankyo Seiko 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.

Sankyo Seiko Co ROC (Joel Greenblatt) % Chart

Sankyo Seiko Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.87 24.20 23.20 15.71 19.51

Sankyo Seiko Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.83 15.87 15.01 -1.73 40.41

TSE:8018 vs TJX, ROST, BURL: ROC (Joel Greenblatt) % Comparison

For the Apparel Retail subindustry, Sankyo Seiko 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.


Sankyo Seiko Co ROC (Joel Greenblatt) % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sankyo Seiko Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Sankyo Seiko Co's ROC (Joel Greenblatt) % falls into.


TSE:8018
83GF Score
Sankyo Seiko Co Ltd TSE:8018
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sankyo Seiko 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4234 + 3280 + 480) - (2415 + 0 + 842)
=4737

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4031 + 2573 + 419) - (3101 + 0 + 1149)
=2773

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sankyo Seiko Co for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7948/( ( (15659 + max(4737, 0)) + (16172 + max(2773, 0)) )/ 2 )
=7948/( ( 20396 + 18945 )/ 2 )
=7948/19670.5
=40.41 %

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 40.41% mean?
Sankyo Seiko Co (TSE:8018) has a ROC (Joel Greenblatt) % of 40.41% 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 Sankyo Seiko Co and its competitors. This is 121% above median its historical median of 18.30. Over the past decade, Sankyo Seiko Co's ROC (Joel Greenblatt) % has ranged from 12.45 to 24.87. According to the industry distribution chart, Sankyo Seiko Co ranks #417 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 36.8%.
Is Sankyo Seiko Co's ROC (Joel Greenblatt) % too high?
Sankyo Seiko Co's current ROC (Joel Greenblatt) % of 40.41% is 121% above median its 10-year median of 18.30. Over the past 10 years, this metric has ranged from a low of 12.45 to a high of 24.87. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.62. Sankyo Seiko Co's value of 40.41% is 247.8% above this industry median. Based on the distribution chart, Sankyo Seiko Co ranks #417 out of 1132 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Sankyo Seiko Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sankyo Seiko Co's ROC (Joel Greenblatt) % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Sankyo Seiko Co ranks #417 out of 1132 companies for ROC (Joel Greenblatt) %. This puts Sankyo Seiko Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.62. Sankyo Seiko Co's value of 40.41% is 247.8% above this benchmark. Historically, Sankyo Seiko Co's own ROC (Joel Greenblatt) % has ranged from 12.45 to 24.87 over the past decade. While the company's 10-year median is 18.30 vs. the industry median of 11.62, Sankyo Seiko 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.62, based on 1,132 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. Sankyo Seiko Co's current ROC (Joel Greenblatt) % of 40.41% is 247.8% 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 Sankyo Seiko Co and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sankyo Seiko Co's current ROC (Joel Greenblatt) % is 40.41%, which is 121% above median its own 10-year median of 18.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sankyo Seiko Co stock overvalued right now?
Based on GuruFocus' analysis, Sankyo Seiko Co (TSE:8018) is currently considered Fairly Valued. The stock's GF Value™ is 円791.97, compared to a current price of 円800.00 — trading 1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 40.41%, which is 121% above median its 10-year median of 18.30 and 247.8% above the Retail - Cyclical industry median of 11.62. Sankyo Seiko Co's overall GF Score™ is 83/100 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 Sankyo Seiko Co (TSE:8018), the current ROC (Joel Greenblatt) % is 40.41% 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 Sankyo Seiko Co (TSE:8018) Overvalued in 2026?

Based on GuruFocus' analysis, Sankyo Seiko Co stock appears to be overvalued. The current stock price of 円800.00 is trading 1% above its estimated GF Value™ of 円791.97. GuruFocus considers Sankyo Seiko Co to be Fairly Valued.

Key valuation signals for TSE:8018:

  • ROC (Joel Greenblatt) %: 40.41% (121% above median its 10-year median of 18.30)
  • GF Value™: 円791.97 vs. price of 円800.00 (1% above fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 247.8% above the Retail - Cyclical median (#417 of 1132)

No single metric tells the full story. See the TSE:8018 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sankyo Seiko Co Business Description

Address 2-5-6 Azuchi-cho, Osaka, JPN, 541-0052
Sankyo Seiko Co Ltd is engaged in the import and export of brand products.
83GF Score

Get the complete analysis for TSE:8018

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円800.00
Price
円791.97
GF Value