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Tsuzuki Denki CoFRA:Q73 -2.80%61 ROC (Joel Greenblatt) % is 212.50% as of Mar. 2026, which is 933% above its 10-year median of 20.57. GuruFocus rates FRA:Q73 with a GF Score™ of 61/100 and a GF Value™ of €11.54. The stock has 3 warning signs investors should review. Among 562 Conglomerates companies, Tsuzuki Denki Co ranks better than 94.13% 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. Tsuzuki Denki Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 212.50%.
The historical rank and industry rank for Tsuzuki Denki Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:Q73'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.75 Med: 20.57 Max: 135.49
Current: 125.4
During the past 13 years, Tsuzuki Denki Co's highest ROC (Joel Greenblatt) % was 135.49%. The lowest was 13.75%. And the median was 20.57%.
FRA:Q73's ROC (Joel Greenblatt) % is ranked better than 94.13% of 562
companies
in the Conglomerates industry
Industry Median: 14.68
vs FRA:Q73: 125.40
Tsuzuki Denki Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 61.10% per year.
Tsuzuki Denki Co (FRA:Q73) 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.
Tsuzuki Denki Co ROC (Joel Greenblatt) % Related Terms
Tsuzuki Denki Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Tsuzuki Denki 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.
FRA:Q73 vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Tsuzuki Denki 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.
Tsuzuki Denki Co ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Tsuzuki Denki Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tsuzuki Denki Co's ROC (Joel Greenblatt) % falls into.
Tsuzuki Denki 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 (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 212.50% mean?
Tsuzuki Denki Co (FRA:Q73) has a ROC (Joel Greenblatt) % of 212.50% 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 Tsuzuki Denki Co and its competitors. This is 933% above median its historical median of 20.57. Over the past decade, Tsuzuki Denki Co's ROC (Joel Greenblatt) % has ranged from 13.75 to 135.49. According to the industry distribution chart, Tsuzuki Denki Co ranks #33 out of 562 companies in the Conglomerates industry, placing it in the top 5.9%.
Is Tsuzuki Denki Co's ROC (Joel Greenblatt) % too high?
Tsuzuki Denki Co's current ROC (Joel Greenblatt) % of 212.50% is 933% above median its 10-year median of 20.57. Over the past 10 years, this metric has ranged from a low of 13.75 to a high of 135.49. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.68. Tsuzuki Denki Co's value of 212.50% is 1347.5% above this industry median. Based on the distribution chart, Tsuzuki Denki Co ranks #33 out of 562 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Tsuzuki Denki Co has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Tsuzuki Denki Co's ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Tsuzuki Denki Co ranks #33 out of 562 companies for ROC (Joel Greenblatt) %. This places Tsuzuki Denki Co in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.68. Tsuzuki Denki Co's value of 212.50% is 1347.5% above this benchmark. Historically, Tsuzuki Denki Co's own ROC (Joel Greenblatt) % has ranged from 13.75 to 135.49 over the past decade. While the company's 10-year median is 20.57 vs. the industry median of 14.68, Tsuzuki Denki 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 562 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. Tsuzuki Denki Co's current ROC (Joel Greenblatt) % of 212.50% is 1347.5% 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 Tsuzuki Denki 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. Tsuzuki Denki Co's current ROC (Joel Greenblatt) % is 212.50%, which is 933% above median its own 10-year median of 20.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsuzuki Denki Co stock overvalued right now?
Tsuzuki Denki Co (FRA:Q73) has a current ROC (Joel Greenblatt) % of 212.50%. The stock's GF Value™ is €11.54, compared to a current price of €20.80 — trading 80.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 212.50%, which is 933% above median its 10-year median of 20.57 and 1347.5% above the Conglomerates industry median of 14.68. Tsuzuki Denki Co's overall GF Score™ is 61/100 with 3 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 Tsuzuki Denki Co (FRA:Q73), the current ROC (Joel Greenblatt) % is 212.50% 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 Tsuzuki Denki Co (FRA:Q73) Overvalued in 2026?
Based on GuruFocus' analysis, Tsuzuki Denki Co stock appears to be overvalued.
The current stock price of €20.80 is trading 80.2% above its estimated GF Value™ of €11.54.
Key valuation signals for FRA:Q73:
ROC (Joel Greenblatt) %: 212.50% (933% above median its 10-year median of 20.57)
GF Value™: €11.54 vs. price of €20.80 (80.2% above fair value)
Industry Position: 1347.5% above the Conglomerates median (#33 of 562)
No single metric tells the full story. See the FRA:Q73 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tsuzuki Denki Co Ltd engages in provision of information network system solution services. Its electronic devices comprise logic ICs, memory ICs, discrete semiconductors, compound semiconductors, relays, connectors, mouse, display panels, circuit boards, communication modules, and other components. The company's information equipment includes hard disks, PC/servers, printers, and other electronic devices; computer supplies, such as toners, ink ribbons, papers, and data media; computer-related products consisting of PC peripherals and network equipment; stationary/office supplies; and office solutions comprising interior design/construction. The company serves customers in the fields of manufacturing, distribution and services, medical and welfare, public and education, and financial.
61GF Score
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