Alps Alpine CoAPELY -0.97%65 ROC (Joel Greenblatt) % is 18.55% as of Dec. 2025, which is 40% above its 10-year median of 13.25. GuruFocus rates APELY with a GF Score™ of 65/100 and a GF Value™ of $21.23 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,493 Hardware companies, Alps Alpine Co ranks better than 66.06% 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. Alps Alpine Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 18.55%.
The historical rank and industry rank for Alps Alpine Co's ROC (Joel Greenblatt) % or its related term are showing as below:
APELY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.05 Med: 13.25 Max: 23.41
Current: 19.18
During the past 13 years, Alps Alpine Co's highest ROC (Joel Greenblatt) % was 23.41%. The lowest was -4.05%. And the median was 13.25%.
APELY's ROC (Joel Greenblatt) % is ranked better than 66.06% of 2493
companies
in the Hardware industry
Industry Median: 10.35
vs APELY: 19.18
Alps Alpine Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Alps Alpine Co (OTCPK:APELY) 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.
Alps Alpine Co ROC (Joel Greenblatt) % Related Terms
Alps Alpine Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Alps Alpine 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.
APELY vs APH, GLW: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Alps Alpine 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.
Alps Alpine Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Alps Alpine Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Alps Alpine Co's ROC (Joel Greenblatt) % falls into.
Alps Alpine 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 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 18.55% mean?
Alps Alpine Co (APELY) has a ROC (Joel Greenblatt) % of 18.55% 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 Alps Alpine Co and its competitors. This is 40% above median its historical median of 13.25. According to the industry distribution chart, Alps Alpine Co ranks #846 out of 2493 companies in the Hardware industry, placing it in the top 33.9%.
Is Alps Alpine Co's ROC (Joel Greenblatt) % too high?
Alps Alpine Co's current ROC (Joel Greenblatt) % of 18.55% is 40% above median its 10-year median of 13.25. The Hardware industry median ROC (Joel Greenblatt) % is 10.35. Alps Alpine Co's value of 18.55% is 79.2% above this industry median. Based on the distribution chart, Alps Alpine Co ranks #846 out of 2493 companies in the Hardware industry, which is above the industry midpoint. Overall, Alps Alpine Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alps Alpine Co's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Alps Alpine Co ranks #846 out of 2493 companies for ROC (Joel Greenblatt) %. This puts Alps Alpine Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.35. Alps Alpine Co's value of 18.55% is 79.2% above this benchmark. While the company's 10-year median is 13.25 vs. the industry median of 10.35, Alps Alpine 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.35, based on 2,493 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. Alps Alpine Co's current ROC (Joel Greenblatt) % of 18.55% is 79.2% 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 Alps Alpine Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alps Alpine Co's current ROC (Joel Greenblatt) % is 18.55%, which is 40% above median its own 10-year median of 13.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alps Alpine Co stock overvalued right now?
Based on GuruFocus' analysis, Alps Alpine Co (APELY) is currently considered Modestly Overvalued. The stock's GF Value™ is $21.23, compared to a current price of $25.55 — trading 20.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 18.55%, which is 40% above median its 10-year median of 13.25 and 79.2% above the Hardware industry median of 10.35. Alps Alpine Co's overall GF Score™ is 65/100 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 Alps Alpine Co (APELY), the current ROC (Joel Greenblatt) % is 18.55% 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 Alps Alpine Co (APELY) Overvalued in 2026?
Based on GuruFocus' analysis, Alps Alpine Co stock appears to be overvalued.
The current stock price of $25.55 is trading 20.3% above its estimated GF Value™ of $21.23.
GuruFocus considers Alps Alpine Co to be Modestly Overvalued.
Key valuation signals for APELY:
ROC (Joel Greenblatt) %: 18.55% (40% above median its 10-year median of 13.25)
GF Value™: $21.23 vs. price of $25.55 (20.3% above fair value)
Industry Position: 79.2% above the Hardware median (#846 of 2493)
No single metric tells the full story. See the APELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alps Alpine Co Ltd is a Japan-based company mainly engaged in businesses related to the components, sensors and communications, and modules and systems businesses. The company operates through three segments. The Component segment manufactures and sells electronic components such as switches, actuators, and haptics. The Module/System segment provides automotive modules, infotainment systems, displays, and related services. The Sensor Communication segment handles sensors and communication devices. The Others segment includes system development, office services, screws, as well as finance and leasing businesses. It generates the majority of its revenue from the Module/System business segment.
65GF Score
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