Taiyo Bussan Kaisha (TSE:9941) ROC (Joel Greenblatt) %: 4.90% (As of Mar. 2026) — 36% Above Median

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TSE:9941 Taiyo Bussan Kaisha Ltd TSE:9941
53 GF Score
Price 円1,311.00
GF Value 円854.16
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Taiyo Bussan Kaisha ROC (Joel Greenblatt) %?

Taiyo Bussan Kaisha TSE:9941 -1.06% 53 ROC (Joel Greenblatt) % is 4.90% as of Mar. 2026, which is 36% above its 10-year median of 3.60. GuruFocus rates TSE:9941 with a GF Score™ of 53/100 and a GF Value™ of 円854.16 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 309 Retail - Defensive companies, Taiyo Bussan Kaisha ranks worse than 75.4% 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. Taiyo Bussan Kaisha's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.90%.

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

TSE:9941' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.88   Med: 3.6   Max: 6.56
Current: 4.61

During the past 13 years, Taiyo Bussan Kaisha's highest ROC (Joel Greenblatt) % was 6.56%. The lowest was -6.88%. And the median was 3.60%.

TSE:9941's ROC (Joel Greenblatt) % is ranked worse than
75.4% of 309 companies
in the Retail - Defensive industry
Industry Median: 13.46 vs TSE:9941: 4.61

Taiyo Bussan Kaisha's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Taiyo Bussan Kaisha  (TSE:9941) 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.


Taiyo Bussan Kaisha ROC (Joel Greenblatt) % Related Terms


Taiyo Bussan Kaisha ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Taiyo Bussan Kaisha'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.

Taiyo Bussan Kaisha ROC (Joel Greenblatt) % Chart

Taiyo Bussan Kaisha Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.59 4.04 3.16 4.80 4.22

Taiyo Bussan Kaisha 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 4.01 5.86 4.67 4.16 4.90

TSE:9941 vs SYY, USFD, PFGC: ROC (Joel Greenblatt) % Comparison

For the Food Distribution subindustry, Taiyo Bussan Kaisha'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.


Taiyo Bussan Kaisha ROC (Joel Greenblatt) % vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Taiyo Bussan Kaisha's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Taiyo Bussan Kaisha's ROC (Joel Greenblatt) % falls into.


TSE:9941
53GF Score
Taiyo Bussan Kaisha Ltd TSE:9941
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiyo Bussan Kaisha 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)
=(5888.553 + 1302.598 + 279.347) - (1125.849 + 0 + 200.056)
=6144.593

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5321.588 + 1837.38 + 471.558) - (1434.738 + 0 + 313.205)
=5882.583

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Taiyo Bussan Kaisha 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 )
=305.038/( ( (211.436 + max(6144.593, 0)) + (207.543 + max(5882.583, 0)) )/ 2 )
=305.038/( ( 6356.029 + 6090.126 )/ 2 )
=305.038/6223.0775
=4.90 %

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 4.90% mean?
Taiyo Bussan Kaisha (TSE:9941) has a ROC (Joel Greenblatt) % of 4.90% 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 Taiyo Bussan Kaisha and its competitors. This is 36% above median its historical median of 3.60. According to the industry distribution chart, Taiyo Bussan Kaisha ranks #233 out of 309 companies in the Retail - Defensive industry, placing it in the top 75.4%.
Is Taiyo Bussan Kaisha's ROC (Joel Greenblatt) % too high?
Taiyo Bussan Kaisha's current ROC (Joel Greenblatt) % of 4.90% is 36% above median its 10-year median of 3.60. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.46. Taiyo Bussan Kaisha's value of 4.90% is 63.6% below this industry median. Based on the distribution chart, Taiyo Bussan Kaisha ranks #233 out of 309 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Taiyo Bussan Kaisha has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiyo Bussan Kaisha's ROC (Joel Greenblatt) % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Taiyo Bussan Kaisha ranks #233 out of 309 companies for ROC (Joel Greenblatt) %. This places Taiyo Bussan Kaisha in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.46. Taiyo Bussan Kaisha's value of 4.90% is 63.6% below this benchmark. While the company's 10-year median is 3.60 vs. the industry median of 13.46, Taiyo Bussan Kaisha 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 a Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.46, based on 309 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. Taiyo Bussan Kaisha's current ROC (Joel Greenblatt) % of 4.90% is 63.6% 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 Taiyo Bussan Kaisha and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiyo Bussan Kaisha's current ROC (Joel Greenblatt) % is 4.90%, which is 36% above median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiyo Bussan Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Taiyo Bussan Kaisha (TSE:9941) is currently considered Significantly Overvalued. The stock's GF Value™ is 円854.16, compared to a current price of 円1,311.00 — trading 53.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.90%, which is 36% above median its 10-year median of 3.60 and 63.6% below the Retail - Defensive industry median of 13.46. Taiyo Bussan Kaisha's overall GF Score™ is 53/100 with 4 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 Taiyo Bussan Kaisha (TSE:9941), the current ROC (Joel Greenblatt) % is 4.90% 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 Taiyo Bussan Kaisha (TSE:9941) Overvalued in 2026?

Based on GuruFocus' analysis, Taiyo Bussan Kaisha stock appears to be overvalued. The current stock price of 円1,311.00 is trading 53.5% above its estimated GF Value™ of 円854.16. GuruFocus considers Taiyo Bussan Kaisha to be Significantly Overvalued.

Key valuation signals for TSE:9941:

  • ROC (Joel Greenblatt) %: 4.90% (36% above median its 10-year median of 3.60)
  • GF Value™: 円854.16 vs. price of 円1,311.00 (53.5% above fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 63.6% below the Retail - Defensive median (#233 of 309)

No single metric tells the full story. See the TSE:9941 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiyo Bussan Kaisha Business Description

Address SHIMOMOTO Building, 3rd Floor, 1-46-3 Hatsudai Shibuya-ku, Tokyo, JPN, 151-0061
Taiyo Bussan Kaisha Ltd is engaged in the import and export of living materials, industrial materials, food products, and agricultural products. Its product includes soybeans meal, peanuts, rice, wheat, corn, sewn products and clothing accessories, vegetables and fruits, processed foods, equipment for water disposal, industrial machine parts.
53GF Score

Get the complete analysis for TSE:9941

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

円1,311.00
Price
円854.16
GF Value