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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. Nippon Parking Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 52.41%.
The historical rank and industry rank for Nippon Parking Development Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:3SY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.61 Med: 49.17 Max: 60.7
Current: 51.46
During the past 13 years, Nippon Parking Development Co's highest ROC (Joel Greenblatt) % was 60.70%. The lowest was 28.61%. And the median was 49.17%.
FRA:3SY's ROC (Joel Greenblatt) % is ranked better than 85.44% of 563
companies
in the Conglomerates industry
Industry Median: 14.68
vs FRA:3SY: 51.46
Nippon Parking Development Co (FRA:3SY) 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.
* 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.
Nippon Parking Development Co ROC (Joel Greenblatt) % Chart
FRA:3SY vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Nippon Parking Development 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.
Nippon Parking Development Co ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Nippon Parking Development Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nippon Parking Development Co's ROC (Joel Greenblatt) % falls into.
Nippon Parking Development 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 (Jan. 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 52.41% mean?
Nippon Parking Development Co (FRA:3SY) has a ROC (Joel Greenblatt) % of 52.41% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Nippon Parking Development Co and its competitors. This is near median its historical median of 49.17. Over the past decade, Nippon Parking Development Co's ROC (Joel Greenblatt) % has ranged from 28.61 to 60.70. According to the industry distribution chart, Nippon Parking Development Co ranks #82 out of 563 companies in the Conglomerates industry, placing it in the top 14.6%.
Is Nippon Parking Development Co's ROC (Joel Greenblatt) % too high?
Nippon Parking Development Co's current ROC (Joel Greenblatt) % of 52.41% is near median its 10-year median of 49.17. Over the past 10 years, this metric has ranged from a low of 28.61 to a high of 60.70. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.68. Nippon Parking Development Co's value of 52.41% is 257% above this industry median. Based on the distribution chart, Nippon Parking Development Co ranks #82 out of 563 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Parking Development Co has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Parking Development Co's ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Nippon Parking Development Co ranks #82 out of 563 companies for ROC (Joel Greenblatt) %. This places Nippon Parking Development Co in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.68. Nippon Parking Development Co's value of 52.41% is 257% above this benchmark. Historically, Nippon Parking Development Co's own ROC (Joel Greenblatt) % has ranged from 28.61 to 60.70 over the past decade. While the company's 10-year median is 49.17 vs. the industry median of 14.68, Nippon Parking Development 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.68, based on 563 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. Nippon Parking Development Co's current ROC (Joel Greenblatt) % of 52.41% is 257% 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 Nippon Parking Development Co and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Parking Development Co's current ROC (Joel Greenblatt) % is 52.41%, which is near median its own 10-year median of 49.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Parking Development Co stock overvalued right now?
Nippon Parking Development Co (FRA:3SY) has a current ROC (Joel Greenblatt) % of 52.41%. The stock's GF Value™ is €1.46, compared to a current price of €1.37 — trading 6.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 52.41%, which is near median its 10-year median of 49.17 and 257% above the Conglomerates industry median of 14.68. Nippon Parking Development Co's overall GF Score™ is 91/100 with 1 warning sign 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 Nippon Parking Development Co (FRA:3SY), the current ROC (Joel Greenblatt) % is 52.41% as of Jan. 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 Nippon Parking Development Co (FRA:3SY) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Parking Development Co stock appears to be undervalued.
The current stock price of €1.37 is trading 6.2% below its estimated GF Value™ of €1.46.
Key valuation signals for FRA:3SY:
ROC (Joel Greenblatt) %: 52.41% (near median its 10-year median of 49.17)
GF Value™: €1.46 vs. price of €1.37 (6.2% below fair value)
Industry Position: 257% above the Conglomerates median (#82 of 563)
No single metric tells the full story. See the FRA:3SY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Parking Development Co Business Description
Nippon Parking Development Co Ltd provides car parking solutions and services. The company's reporting segments consist of: i) Parking Business: operating and managing parking lots, ii) Ski Resort Business: operates and acquires ski resorts, and iii) Theme Park Business: involves the operation and acquisition of theme parks. The majority of revenue is derived from the Parking business segment.
91GF Score
Get the complete analysis for FRA:3SY
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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