Kitazawangyo Co (TSE:9930) ROC (Joel Greenblatt) %: 5.11% (As of Mar. 2026) — 32% Below 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:9930 Kitazawa Sangyo Co Ltd TSE:9930
68 GF Score
Price 円382.00
GF Value 円304.90
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Kitazawangyo Co ROC (Joel Greenblatt) %?

Kitazawangyo Co TSE:9930 -0.26% 68 ROC (Joel Greenblatt) % is 5.11% as of Mar. 2026, which is 32% below its 10-year median of 7.47. GuruFocus rates TSE:9930 with a GF Score™ of 68/100 and a GF Value™ of 円304.90 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 3,065 Industrial Products companies, Kitazawangyo Co ranks worse than 60.78% 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. Kitazawangyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.11%.

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

TSE:9930' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.73   Med: 7.47   Max: 19.79
Current: 7.32

During the past 13 years, Kitazawangyo Co's highest ROC (Joel Greenblatt) % was 19.79%. The lowest was 0.73%. And the median was 7.47%.

TSE:9930's ROC (Joel Greenblatt) % is ranked worse than
60.78% of 3065 companies
in the Industrial Products industry
Industry Median: 11.74 vs TSE:9930: 7.32

Kitazawangyo Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 51.70% per year.


Kitazawangyo Co  (TSE:9930) 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.


Kitazawangyo Co ROC (Joel Greenblatt) % Related Terms


Kitazawangyo Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Kitazawangyo 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.

Kitazawangyo Co ROC (Joel Greenblatt) % Chart

Kitazawangyo 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 6.87 14.13 19.79 17.56 7.17

Kitazawangyo 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 21.70 14.33 20.20 9.88 5.11

TSE:9930 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison

For the Specialty Industrial Machinery subindustry, Kitazawangyo 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.


Kitazawangyo Co ROC (Joel Greenblatt) % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kitazawangyo Co's ROC (Joel Greenblatt) % distribution charts can be found below:

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


TSE:9930
68GF Score
Kitazawa Sangyo Co Ltd TSE:9930
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kitazawangyo 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)
=(1714.318 + 1856.826 + 431.032) - (1062.827 + 0 + 2159.884)
=779.465

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1867.431 + 1744.18 + 573.534) - (1133.945 + 0 + 1216.299)
=1834.901

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Kitazawangyo 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 )
=346.806/( ( (5522.367 + max(779.465, 0)) + (5431.696 + max(1834.901, 0)) )/ 2 )
=346.806/( ( 6301.832 + 7266.597 )/ 2 )
=346.806/6784.2145
=5.11 %

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 5.11% mean?
Kitazawangyo Co (TSE:9930) has a ROC (Joel Greenblatt) % of 5.11% 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 Kitazawangyo Co and its competitors. This is 32% below median its historical median of 7.47. Over the past decade, Kitazawangyo Co's ROC (Joel Greenblatt) % has ranged from 0.73 to 19.79. According to the industry distribution chart, Kitazawangyo Co ranks #1863 out of 3065 companies in the Industrial Products industry, placing it in the top 60.8%.
Is Kitazawangyo Co's ROC (Joel Greenblatt) % too high?
Kitazawangyo Co's current ROC (Joel Greenblatt) % of 5.11% is 32% below median its 10-year median of 7.47. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 19.79. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.74. Kitazawangyo Co's value of 5.11% is 56.5% below this industry median. Based on the distribution chart, Kitazawangyo Co ranks #1863 out of 3065 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Kitazawangyo Co has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kitazawangyo Co's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kitazawangyo Co ranks #1863 out of 3065 companies for ROC (Joel Greenblatt) %. This places Kitazawangyo Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.74. Kitazawangyo Co's value of 5.11% is 56.5% below this benchmark. Historically, Kitazawangyo Co's own ROC (Joel Greenblatt) % has ranged from 0.73 to 19.79 over the past decade. While the company's 10-year median is 7.47 vs. the industry median of 11.74, Kitazawangyo 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.74, based on 3,065 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. Kitazawangyo Co's current ROC (Joel Greenblatt) % of 5.11% is 56.5% 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 Kitazawangyo Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kitazawangyo Co's current ROC (Joel Greenblatt) % is 5.11%, which is 32% below median its own 10-year median of 7.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kitazawangyo Co stock overvalued right now?
Based on GuruFocus' analysis, Kitazawangyo Co (TSE:9930) is currently considered Modestly Overvalued. The stock's GF Value™ is 円304.90, compared to a current price of 円382.00 — trading 25.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 5.11%, which is 32% below median its 10-year median of 7.47 and 56.5% below the Industrial Products industry median of 11.74. Kitazawangyo Co's overall GF Score™ is 68/100 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 Kitazawangyo Co (TSE:9930), the current ROC (Joel Greenblatt) % is 5.11% 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 Kitazawangyo Co (TSE:9930) Overvalued in 2026?

Based on GuruFocus' analysis, Kitazawangyo Co stock appears to be overvalued. The current stock price of 円382.00 is trading 25.3% above its estimated GF Value™ of 円304.90. GuruFocus considers Kitazawangyo Co to be Modestly Overvalued.

Key valuation signals for TSE:9930:

  • ROC (Joel Greenblatt) %: 5.11% (32% below median its 10-year median of 7.47)
  • GF Value™: 円304.90 vs. price of 円382.00 (25.3% above fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 56.5% below the Industrial Products median (#1863 of 3065)

No single metric tells the full story. See the TSE:9930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kitazawangyo Co Business Description

Address 23-10 2-chome, Higashi, Tokyo, JPN
Kitazawa Sangyo Co Ltd is a Japanese firm. It is engaged in sales of food processing machines, Cooking equipment, Confectionery, bakery equipment, Kitchen facility design. Its service line handling product includes Scherrer coffee break, Espresso machine, Brewer, Coffee mill, Watercooler, Ice Slicer.
68GF Score

Get the complete analysis for TSE:9930

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

円382.00
Price
円304.90
GF Value