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Trusco NakayamaTSE:9830 +0.58%89 ROC (Joel Greenblatt) % is 11.50% as of Dec. 2025, which is 2% below its 10-year median of 11.75. GuruFocus rates TSE:9830 with a GF Score™ of 89/100 and a GF Value™ of 円2,868.08 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 158 Industrial Distribution companies, Trusco Nakayama ranks worse than 57.59% 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. Trusco Nakayama's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.50%.
The historical rank and industry rank for Trusco Nakayama's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:9830'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.13 Med: 11.75 Max: 16.47
Current: 11.48
During the past 13 years, Trusco Nakayama's highest ROC (Joel Greenblatt) % was 16.47%. The lowest was 8.13%. And the median was 11.75%.
TSE:9830's ROC (Joel Greenblatt) % is ranked worse than 57.59% of 158
companies
in the Industrial Distribution industry
Industry Median: 14.645
vs TSE:9830: 11.48
Trusco Nakayama's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.00% per year.
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.
Trusco Nakayama ROC (Joel Greenblatt) % Related Terms
Trusco Nakayama ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Trusco Nakayama'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.
TSE:9830 vs GWW, FAST, FERG: ROC (Joel Greenblatt) % Comparison
For the Industrial Distribution subindustry, Trusco Nakayama'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.
Trusco Nakayama ROC (Joel Greenblatt) % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Trusco Nakayama's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Trusco Nakayama's ROC (Joel Greenblatt) % falls into.
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 (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 11.50% mean?
Trusco Nakayama (TSE:9830) has a ROC (Joel Greenblatt) % of 11.50% 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 Trusco Nakayama and its competitors. This is near median its historical median of 11.75. Over the past decade, Trusco Nakayama's ROC (Joel Greenblatt) % has ranged from 8.13 to 16.47. According to the industry distribution chart, Trusco Nakayama ranks #91 out of 158 companies in the Industrial Distribution industry, placing it in the top 57.6%.
Is Trusco Nakayama's ROC (Joel Greenblatt) % too high?
Trusco Nakayama's current ROC (Joel Greenblatt) % of 11.50% is near median its 10-year median of 11.75. Over the past 10 years, this metric has ranged from a low of 8.13 to a high of 16.47. The Industrial Distribution industry median ROC (Joel Greenblatt) % is 14.65. Trusco Nakayama's value of 11.50% is 21.5% below this industry median. Based on the distribution chart, Trusco Nakayama ranks #91 out of 158 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Trusco Nakayama has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trusco Nakayama's ROC (Joel Greenblatt) % compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Trusco Nakayama ranks #91 out of 158 companies for ROC (Joel Greenblatt) %. This places Trusco Nakayama in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.65. Trusco Nakayama's value of 11.50% is 21.5% below this benchmark. Historically, Trusco Nakayama's own ROC (Joel Greenblatt) % has ranged from 8.13 to 16.47 over the past decade. While the company's 10-year median is 11.75 vs. the industry median of 14.65, Trusco Nakayama 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 an Industrial Distribution company?
The median ROC (Joel Greenblatt) % among Industrial Distribution companies is 14.65, based on 158 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. Trusco Nakayama's current ROC (Joel Greenblatt) % of 11.50% is 21.5% 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 Trusco Nakayama and its competitors. For the Industrial Distribution industry, the median ROC (Joel Greenblatt) % is 14.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trusco Nakayama's current ROC (Joel Greenblatt) % is 11.50%, which is near median its own 10-year median of 11.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trusco Nakayama stock overvalued right now?
Based on GuruFocus' analysis, Trusco Nakayama (TSE:9830) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,868.08, compared to a current price of 円2,430.00 — trading 15.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.50%, which is near median its 10-year median of 11.75 and 21.5% below the Industrial Distribution industry median of 14.65. Trusco Nakayama's overall GF Score™ is 89/100 with 2 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 Trusco Nakayama (TSE:9830), the current ROC (Joel Greenblatt) % is 11.50% 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 Trusco Nakayama (TSE:9830) Overvalued in 2026?
Based on GuruFocus' analysis, Trusco Nakayama stock appears to be undervalued.
The current stock price of 円2,430.00 is trading 15.3% below its estimated GF Value™ of 円2,868.08.
GuruFocus considers Trusco Nakayama to be Modestly Undervalued.
Key valuation signals for TSE:9830:
ROC (Joel Greenblatt) %: 11.50% (near median its 10-year median of 11.75)
GF Value™: 円2,868.08 vs. price of 円2,430.00 (15.3% below fair value)
Industry Position: 21.5% below the Industrial Distribution median (#91 of 158)
No single metric tells the full story. See the TSE:9830 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trusco Nakayama Corp is a Japanese wholesaler of tools to the manufacturing industry. The company engages in the wholesale of machine tools, distribution of equipment and environmental safety equipment, consumables, and furniture and fixtures. The products are sold to machinery tools dealers, online shops, and home centers. End clients include manufacturers, general consumers, and construction-related businesses. The company sells its wholesale products in Japan.
89GF Score
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