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Marufuji Sheet Piling CoTSE:8046 -2.41%64 ROC (Joel Greenblatt) % is 14.91% as of Mar. 2026, which is 124% above its 10-year median of 6.65. GuruFocus rates TSE:8046 with a GF Score™ of 64/100 and a GF Value™ of 円669.42 (Significantly Overvalued). Among 633 Steel companies, Marufuji Sheet Piling Co ranks better than 68.09% 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. Marufuji Sheet Piling Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.91%.
The historical rank and industry rank for Marufuji Sheet Piling Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:8046'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.21 Med: 6.65 Max: 12.21
Current: 11.28
During the past 13 years, Marufuji Sheet Piling Co's highest ROC (Joel Greenblatt) % was 12.21%. The lowest was 4.21%. And the median was 6.65%.
TSE:8046's ROC (Joel Greenblatt) % is ranked better than 68.09% of 633
companies
in the Steel industry
Industry Median: 7.18
vs TSE:8046: 11.28
Marufuji Sheet Piling Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 24.50% per year.
Marufuji Sheet Piling Co (TSE:8046) 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.
Marufuji Sheet Piling Co ROC (Joel Greenblatt) % Related Terms
Marufuji Sheet Piling Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Marufuji Sheet Piling 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.
Marufuji Sheet Piling Co ROC (Joel Greenblatt) % Chart
TSE:8046 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Marufuji Sheet Piling 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.
Marufuji Sheet Piling Co ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Marufuji Sheet Piling Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Marufuji Sheet Piling Co's ROC (Joel Greenblatt) % falls into.
Marufuji Sheet Piling 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 14.91% mean?
Marufuji Sheet Piling Co (TSE:8046) has a ROC (Joel Greenblatt) % of 14.91% 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 Marufuji Sheet Piling Co and its competitors. This is 124% above median its historical median of 6.65. Over the past decade, Marufuji Sheet Piling Co's ROC (Joel Greenblatt) % has ranged from 4.21 to 12.21. According to the industry distribution chart, Marufuji Sheet Piling Co ranks #202 out of 633 companies in the Steel industry, placing it in the top 31.9%.
Is Marufuji Sheet Piling Co's ROC (Joel Greenblatt) % too high?
Marufuji Sheet Piling Co's current ROC (Joel Greenblatt) % of 14.91% is 124% above median its 10-year median of 6.65. Over the past 10 years, this metric has ranged from a low of 4.21 to a high of 12.21. The Steel industry median ROC (Joel Greenblatt) % is 7.18. Marufuji Sheet Piling Co's value of 14.91% is 107.7% above this industry median. Based on the distribution chart, Marufuji Sheet Piling Co ranks #202 out of 633 companies in the Steel industry, which is above the industry midpoint. Overall, Marufuji Sheet Piling Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marufuji Sheet Piling Co's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Marufuji Sheet Piling Co ranks #202 out of 633 companies for ROC (Joel Greenblatt) %. This puts Marufuji Sheet Piling Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.18. Marufuji Sheet Piling Co's value of 14.91% is 107.7% above this benchmark. Historically, Marufuji Sheet Piling Co's own ROC (Joel Greenblatt) % has ranged from 4.21 to 12.21 over the past decade. While the company's 10-year median is 6.65 vs. the industry median of 7.18, Marufuji Sheet Piling 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.18, based on 633 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. Marufuji Sheet Piling Co's current ROC (Joel Greenblatt) % of 14.91% is 107.7% 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 Marufuji Sheet Piling Co and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marufuji Sheet Piling Co's current ROC (Joel Greenblatt) % is 14.91%, which is 124% above median its own 10-year median of 6.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marufuji Sheet Piling Co stock overvalued right now?
Based on GuruFocus' analysis, Marufuji Sheet Piling Co (TSE:8046) is currently considered Significantly Overvalued. The stock's GF Value™ is 円669.42, compared to a current price of 円891.00 — trading 33.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 14.91%, which is 124% above median its 10-year median of 6.65 and 107.7% above the Steel industry median of 7.18. Marufuji Sheet Piling Co's overall GF Score™ is 64/100. 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 Marufuji Sheet Piling Co (TSE:8046), the current ROC (Joel Greenblatt) % is 14.91% 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 Marufuji Sheet Piling Co (TSE:8046) Overvalued in 2026?
Based on GuruFocus' analysis, Marufuji Sheet Piling Co stock appears to be overvalued.
The current stock price of 円891.00 is trading 33.1% above its estimated GF Value™ of 円669.42.
GuruFocus considers Marufuji Sheet Piling Co to be Significantly Overvalued.
Key valuation signals for TSE:8046:
ROC (Joel Greenblatt) %: 14.91% (124% above median its 10-year median of 6.65)
GF Value™: 円669.42 vs. price of 円891.00 (33.1% above fair value)
Industry Position: 107.7% above the Steel median (#202 of 633)
No single metric tells the full story. See the TSE:8046 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marufuji Sheet Piling Co Ltd engages in the manufacture and sale of steel sheet piles, steel plates, and other steel products that include H-shaped steel, architectural steel processed products and reinforced soil wall products. The company offers sheet piles, lightweight steel sheet piles, and corner piles; H shape steel products; steel mountain abstraction products; steel retaining materials; gantry/pier related products; lining plates; and other steel products. It also provides temporary bridges, hat chucks, liner plates, simple holding products, guardrails, PC-ATM products, and two-tone bags, as well as various anchor type reinforced earth products.
64GF Score
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