Toho CoHAM:TOH 69 ROC (Joel Greenblatt) % is 12.07% as of Feb. 2026, which is 61% below its 10-year median of 30.62. GuruFocus rates HAM:TOH with a GF Score™ of 69/100 and a GF Value™ of €8.65. Among 1,020 Media - Diversified companies, Toho Co ranks better than 68.14% 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. Toho Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 12.07%.
The historical rank and industry rank for Toho Co's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:TOH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.55 Med: 30.62 Max: 36.82
Current: 30.18
During the past 13 years, Toho Co's highest ROC (Joel Greenblatt) % was 36.82%. The lowest was 15.55%. And the median was 30.62%.
HAM:TOH's ROC (Joel Greenblatt) % is ranked better than 68.14% of 1020
companies
in the Media - Diversified industry
Industry Median: 9.285
vs HAM:TOH: 30.18
Toho Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.70% per year.
Toho Co (HAM:TOH) 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.
The historical data trend for Toho 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.
HAM:TOH vs NFLX, DIS, WBD: ROC (Joel Greenblatt) % Comparison
For the Entertainment subindustry, Toho 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.
Toho Co ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Toho Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Toho Co's ROC (Joel Greenblatt) % falls into.
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 (Feb. 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 12.07% mean?
Toho Co (HAM:TOH) has a ROC (Joel Greenblatt) % of 12.07% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Toho Co and its competitors. This is 61% below median its historical median of 30.62. Over the past decade, Toho Co's ROC (Joel Greenblatt) % has ranged from 15.55 to 36.82. According to the industry distribution chart, Toho Co ranks #325 out of 1020 companies in the Media - Diversified industry, placing it in the top 31.9%.
Is Toho Co's ROC (Joel Greenblatt) % too high?
Toho Co's current ROC (Joel Greenblatt) % of 12.07% is 61% below median its 10-year median of 30.62. Over the past 10 years, this metric has ranged from a low of 15.55 to a high of 36.82. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.29. Toho Co's value of 12.07% is 30% above this industry median. Based on the distribution chart, Toho Co ranks #325 out of 1020 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Toho Co has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Toho Co's ROC (Joel Greenblatt) % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Toho Co ranks #325 out of 1020 companies for ROC (Joel Greenblatt) %. This puts Toho Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.29. Toho Co's value of 12.07% is 30% above this benchmark. Historically, Toho Co's own ROC (Joel Greenblatt) % has ranged from 15.55 to 36.82 over the past decade. While the company's 10-year median is 30.62 vs. the industry median of 9.29, Toho 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.29, based on 1,020 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. Toho Co's current ROC (Joel Greenblatt) % of 12.07% is 30% 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 Toho Co and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Co's current ROC (Joel Greenblatt) % is 12.07%, which is 61% below median its own 10-year median of 30.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Co stock overvalued right now?
Toho Co (HAM:TOH) has a current ROC (Joel Greenblatt) % of 12.07%. The stock's GF Value™ is €8.65, compared to a current price of €7.05 — trading 18.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 12.07%, which is 61% below median its 10-year median of 30.62 and 30% above the Media - Diversified industry median of 9.29. Toho Co's overall GF Score™ is 69/100. 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 Toho Co (HAM:TOH), the current ROC (Joel Greenblatt) % is 12.07% as of Feb. 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 Toho Co (HAM:TOH) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Co stock appears to be undervalued.
The current stock price of €7.05 is trading 18.5% below its estimated GF Value™ of €8.65.
Key valuation signals for HAM:TOH:
ROC (Joel Greenblatt) %: 12.07% (61% below median its 10-year median of 30.62)
GF Value™: €8.65 vs. price of €7.05 (18.5% below fair value)
Industry Position: 30% above the Media - Diversified median (#325 of 1020)
No single metric tells the full story. See the HAM:TOH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Co Ltd is a diversified media company with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.
69GF Score
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