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. Hokuriku Electric Power Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.19%.
The historical rank and industry rank for Hokuriku Electric Power Co's ROC (Joel Greenblatt) % or its related term are showing as below:
HOKRF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.59 Med: 1.59 Max: 9.13
Current: 7.63
During the past 13 years, Hokuriku Electric Power Co's highest ROC (Joel Greenblatt) % was 9.13%. The lowest was -7.59%. And the median was 1.59%.
HOKRF's ROC (Joel Greenblatt) % is ranked worse than 62.1% of 504
companies
in the Utilities - Regulated industry
Industry Median: 10.81
vs HOKRF: 7.63
Hokuriku Electric Power Co (OTCPK:HOKRF) 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.
Hokuriku Electric Power Co ROC (Joel Greenblatt) % Chart
HOKRF vs NEE, SO, DUK: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Electric subindustry, Hokuriku Electric Power 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.
Hokuriku Electric Power Co ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokuriku Electric Power Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hokuriku Electric Power Co's ROC (Joel Greenblatt) % falls into.
Hokuriku Electric Power 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 -1.19% mean?
Hokuriku Electric Power Co (HOKRF) has a ROC (Joel Greenblatt) % of -1.19% 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 Hokuriku Electric Power Co and its competitors. According to the industry distribution chart, Hokuriku Electric Power Co ranks #313 out of 504 companies in the Utilities - Regulated industry, placing it in the top 62.1%.
Is Hokuriku Electric Power Co's ROC (Joel Greenblatt) % too high?
Hokuriku Electric Power Co's current ROC (Joel Greenblatt) % is -1.19%. Based on the distribution chart, Hokuriku Electric Power Co ranks #313 out of 504 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Hokuriku Electric Power Co has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Hokuriku Electric Power Co's ROC (Joel Greenblatt) % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Hokuriku Electric Power Co ranks #313 out of 504 companies for ROC (Joel Greenblatt) %. This places Hokuriku Electric Power Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.81. 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 an Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.81, based on 504 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. 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 Hokuriku Electric Power Co and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokuriku Electric Power Co's current ROC (Joel Greenblatt) % is -1.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuriku Electric Power Co stock overvalued right now?
Hokuriku Electric Power Co (HOKRF) has a current ROC (Joel Greenblatt) % of -1.19%. The stock's GF Value™ is $5.56, compared to a current price of $6.03 — trading 8.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is -1.19%. Hokuriku Electric Power Co's overall GF Score™ is 63/100 with 4 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 Hokuriku Electric Power Co (HOKRF), the current ROC (Joel Greenblatt) % is -1.19% 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 Hokuriku Electric Power Co (HOKRF) Overvalued in 2026?
Based on GuruFocus' analysis, Hokuriku Electric Power Co stock appears to be overvalued.
The current stock price of $6.03 is trading 8.5% above its estimated GF Value™ of $5.56.
Key valuation signals for HOKRF:
ROC (Joel Greenblatt) %: -1.19%
GF Value™: $5.56 vs. price of $6.03 (8.5% above fair value)
No single metric tells the full story. See the HOKRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokuriku Electric Power Co Inc is an electric utility company that functions as a regulated monopoly in the Hokuriku region of Japan's main island of Honshu. Hokuriku Electric supplies electricity through power generation, transmission, and distribution. To do this, the company operates a portfolio of hydroelectric, thermal, and nuclear power plants located throughout Japan's Hokuriku region. Most of the total energy produced by Hokuriku Electric comes from its thermal facilities that utilize coal fuel sources. The company primarily generates revenue through the sale of electric power to residential and large-scale industrial customers in the machinery, chemical, and textile sectors.
63GF Score
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