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Hogy Medical CoHGYMF 57 ROC (Joel Greenblatt) % is 5.36% as of Dec. 2025, which is 43% below its 10-year median of 9.46. GuruFocus rates HGYMF with a GF Score™ of 57/100 and a GF Value™ of $23.24. The stock has 10 warning signs investors should review. Among 840 Medical Devices & Instruments companies, Hogy Medical Co ranks worse than 51.9% 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. Hogy Medical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.36%.
The historical rank and industry rank for Hogy Medical Co's ROC (Joel Greenblatt) % or its related term are showing as below:
HGYMF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.15 Med: 9.46 Max: 14.96
Current: 2.15
During the past 13 years, Hogy Medical Co's highest ROC (Joel Greenblatt) % was 14.96%. The lowest was 2.15%. And the median was 9.46%.
HGYMF's ROC (Joel Greenblatt) % is ranked worse than 51.9% of 840
companies
in the Medical Devices & Instruments industry
Industry Median: 4.145
vs HGYMF: 2.15
Hogy Medical Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -15.60% per year.
Hogy Medical Co (OTCPK:HGYMF) 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.
Hogy Medical Co ROC (Joel Greenblatt) % Related Terms
Hogy Medical Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Hogy Medical 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.
HGYMF vs ISRG, BDX, MDLN: ROC (Joel Greenblatt) % Comparison
For the Medical Instruments & Supplies subindustry, Hogy Medical 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.
Hogy Medical Co ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Hogy Medical Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hogy Medical Co's ROC (Joel Greenblatt) % falls into.
Hogy Medical 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 5.36% mean?
Hogy Medical Co (HGYMF) has a ROC (Joel Greenblatt) % of 5.36% 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 Hogy Medical Co and its competitors. This is 43% below median its historical median of 9.46. Over the past decade, Hogy Medical Co's ROC (Joel Greenblatt) % has ranged from 2.15 to 14.96. According to the industry distribution chart, Hogy Medical Co ranks #436 out of 840 companies in the Medical Devices & Instruments industry, placing it in the top 51.9%.
Is Hogy Medical Co's ROC (Joel Greenblatt) % too high?
Hogy Medical Co's current ROC (Joel Greenblatt) % of 5.36% is 43% below median its 10-year median of 9.46. Over the past 10 years, this metric has ranged from a low of 2.15 to a high of 14.96. The Medical Devices & Instruments industry median ROC (Joel Greenblatt) % is 4.15. Hogy Medical Co's value of 5.36% is 29.3% above this industry median. Based on the distribution chart, Hogy Medical Co ranks #436 out of 840 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Hogy Medical Co has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Hogy Medical Co's ROC (Joel Greenblatt) % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Hogy Medical Co ranks #436 out of 840 companies for ROC (Joel Greenblatt) %. This places Hogy Medical Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 4.15. Hogy Medical Co's value of 5.36% is 29.3% above this benchmark. Historically, Hogy Medical Co's own ROC (Joel Greenblatt) % has ranged from 2.15 to 14.96 over the past decade. While the company's 10-year median is 9.46 vs. the industry median of 4.15, Hogy Medical 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 Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 4.15, based on 840 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. Hogy Medical Co's current ROC (Joel Greenblatt) % of 5.36% is 29.3% 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 Hogy Medical Co and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hogy Medical Co's current ROC (Joel Greenblatt) % is 5.36%, which is 43% below median its own 10-year median of 9.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hogy Medical Co stock overvalued right now?
Hogy Medical Co (HGYMF) has a current ROC (Joel Greenblatt) % of 5.36%. The stock's GF Value™ is $23.24, compared to a current price of $34.99 — trading 50.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 5.36%, which is 43% below median its 10-year median of 9.46 and 29.3% above the Medical Devices & Instruments industry median of 4.15. Hogy Medical Co's overall GF Score™ is 57/100 with 10 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 Hogy Medical Co (HGYMF), the current ROC (Joel Greenblatt) % is 5.36% 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 Hogy Medical Co (HGYMF) Overvalued in 2026?
Based on GuruFocus' analysis, Hogy Medical Co stock appears to be overvalued.
The current stock price of $34.99 is trading 50.6% above its estimated GF Value™ of $23.24.
Key valuation signals for HGYMF:
ROC (Joel Greenblatt) %: 5.36% (43% below median its 10-year median of 9.46)
GF Value™: $23.24 vs. price of $34.99 (50.6% above fair value)
Industry Position: 29.3% above the Medical Devices & Instruments median (#436 of 840)
No single metric tells the full story. See the HGYMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hogy Medical Co Ltd develops and sells products that can be used to streamline operations and improve safety at healthcare facilities. Its products are used in hospitals' operating rooms, wards, material rooms, and administrative settings. Hogy Medical receives the majority of its revenue from sales of surgical-use products. Its key products include kit products, nonwoven products, and sterilization products. The kit products contain sterilized surgical supplies for use in a specific operation. The nonwoven products include gowns, caps, equipment covers, and other accessories. Hogy's primary sterilization product is the Mekkin bag, a sterilization pouch. The vast majority of Hogy's revenue is generated in Japan.
57GF Score
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