HitachiHTHIF +3.13%82 ROC (Joel Greenblatt) % is 63.16% as of Mar. 2026, which is 130% above its 10-year median of 27.50. GuruFocus rates HTHIF with a GF Score™ of 82/100 and a GF Value™ of $27.34 (Fairly Valued). The stock has 2 warning signs investors should review. Among 560 Conglomerates companies, Hitachi ranks better than 92.5% 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. Hitachi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 63.16%.
The historical rank and industry rank for Hitachi's ROC (Joel Greenblatt) % or its related term are showing as below:
HTHIF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.34 Med: 27.5 Max: 88.85
Current: 88.85
During the past 13 years, Hitachi's highest ROC (Joel Greenblatt) % was 88.85%. The lowest was 7.34%. And the median was 27.50%.
HTHIF's ROC (Joel Greenblatt) % is ranked better than 92.5% of 560
companies
in the Conglomerates industry
Industry Median: 14.68
vs HTHIF: 88.85
Hitachi's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 29.50% per year.
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 Hitachi'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.
HTHIF vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Hitachi'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.
Hitachi ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hitachi's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hitachi'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 (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 63.16% mean?
Hitachi (HTHIF) has a ROC (Joel Greenblatt) % of 63.16% 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 Hitachi and its competitors. This is 130% above median its historical median of 27.50. Over the past decade, Hitachi's ROC (Joel Greenblatt) % has ranged from 7.34 to 88.85. According to the industry distribution chart, Hitachi ranks #42 out of 560 companies in the Conglomerates industry, placing it in the top 7.5%.
Is Hitachi's ROC (Joel Greenblatt) % too high?
Hitachi's current ROC (Joel Greenblatt) % of 63.16% is 130% above median its 10-year median of 27.50. Over the past 10 years, this metric has ranged from a low of 7.34 to a high of 88.85. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.68. Hitachi's value of 63.16% is 330.2% above this industry median. Based on the distribution chart, Hitachi ranks #42 out of 560 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Hitachi has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hitachi's ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Hitachi ranks #42 out of 560 companies for ROC (Joel Greenblatt) %. This places Hitachi in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.68. Hitachi's value of 63.16% is 330.2% above this benchmark. Historically, Hitachi's own ROC (Joel Greenblatt) % has ranged from 7.34 to 88.85 over the past decade. While the company's 10-year median is 27.50 vs. the industry median of 14.68, Hitachi 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 560 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. Hitachi's current ROC (Joel Greenblatt) % of 63.16% is 330.2% 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 Hitachi 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. Hitachi's current ROC (Joel Greenblatt) % is 63.16%, which is 130% above median its own 10-year median of 27.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hitachi stock overvalued right now?
Based on GuruFocus' analysis, Hitachi (HTHIF) is currently considered Fairly Valued. The stock's GF Value™ is $27.34, compared to a current price of $29.83 — trading 9.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 63.16%, which is 130% above median its 10-year median of 27.50 and 330.2% above the Conglomerates industry median of 14.68. Hitachi's overall GF Score™ is 82/100 with 2 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 Hitachi (HTHIF), the current ROC (Joel Greenblatt) % is 63.16% 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 Hitachi (HTHIF) Overvalued in 2026?
Based on GuruFocus' analysis, Hitachi stock appears to be overvalued.
The current stock price of $29.83 is trading 9.1% above its estimated GF Value™ of $27.34.
GuruFocus considers Hitachi to be Fairly Valued.
Key valuation signals for HTHIF:
ROC (Joel Greenblatt) %: 63.16% (130% above median its 10-year median of 27.50)
GF Value™: $27.34 vs. price of $29.83 (9.1% above fair value)
Industry Position: 330.2% above the Conglomerates median (#42 of 560)
No single metric tells the full story. See the HTHIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hitachi Ltd is engaged in diverse businesses spanning industries, energy, IT, and real estate. The company operates through four business segments. The Connective Industries segment covers elevators, escalators, home appliances, air conditioning, semiconductor manufacturing equipment, medical analyzers, industrial and distribution solutions, water and environmental solutions, and industrial equipment. The Digital Systems & Services segment offers system integration, consulting, cloud services, IT products, software, and ATMs. The Green Energy & Mobility segment focuses on power grids, renewable energy, nuclear power, and railway systems. The Others include real estate management, sales, and leasing. It generates the majority of its revenue from the Green Energy & Mobility segment.
82GF Score
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