Japan Airlines CoJAPSY -1.91%78 ROC (Joel Greenblatt) % is 13.12% as of Mar. 2026, which is 11% below its 10-year median of 14.82. GuruFocus rates JAPSY with a GF Score™ of 78/100 and a GF Value™ of $9.95 (Fairly Valued). The stock has 5 warning signs investors should review. Among 997 Transportation companies, Japan Airlines Co ranks better than 67.7% 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. Japan Airlines Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.12%.
The historical rank and industry rank for Japan Airlines Co's ROC (Joel Greenblatt) % or its related term are showing as below:
JAPSY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -37.24 Med: 14.82 Max: 21.06
Current: 18.28
During the past 13 years, Japan Airlines Co's highest ROC (Joel Greenblatt) % was 21.06%. The lowest was -37.24%. And the median was 14.82%.
JAPSY's ROC (Joel Greenblatt) % is ranked better than 67.7% of 997
companies
in the Transportation industry
Industry Median: 11.75
vs JAPSY: 18.28
Japan Airlines Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Japan Airlines Co (OTCPK:JAPSY) 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.
Japan Airlines Co ROC (Joel Greenblatt) % Related Terms
Japan Airlines Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Japan Airlines 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.
JAPSY vs DAL, UAL, LUV: ROC (Joel Greenblatt) % Comparison
For the Airlines subindustry, Japan Airlines 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.
Japan Airlines Co ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Japan Airlines Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Japan Airlines Co's ROC (Joel Greenblatt) % falls into.
Japan Airlines 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 13.12% mean?
Japan Airlines Co (JAPSY) has a ROC (Joel Greenblatt) % of 13.12% 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 Japan Airlines Co and its competitors. This is 11% below median its historical median of 14.82. According to the industry distribution chart, Japan Airlines Co ranks #322 out of 997 companies in the Transportation industry, placing it in the top 32.3%.
Is Japan Airlines Co's ROC (Joel Greenblatt) % too high?
Japan Airlines Co's current ROC (Joel Greenblatt) % of 13.12% is 11% below median its 10-year median of 14.82. The Transportation industry median ROC (Joel Greenblatt) % is 11.75. Japan Airlines Co's value of 13.12% is 11.7% above this industry median. Based on the distribution chart, Japan Airlines Co ranks #322 out of 997 companies in the Transportation industry, which is above the industry midpoint. Overall, Japan Airlines Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Airlines Co's ROC (Joel Greenblatt) % compare to DAL and UAL?
According to the Transportation industry distribution chart, Japan Airlines Co ranks #322 out of 997 companies for ROC (Joel Greenblatt) %. This puts Japan Airlines Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.75. Japan Airlines Co's value of 13.12% is 11.7% above this benchmark. While the company's 10-year median is 14.82 vs. the industry median of 11.75, Japan Airlines 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.75, based on 997 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. Japan Airlines Co's current ROC (Joel Greenblatt) % of 13.12% is 11.7% 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 Japan Airlines Co and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Airlines Co's current ROC (Joel Greenblatt) % is 13.12%, which is 11% below median its own 10-year median of 14.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Airlines Co (JAPSY) is currently considered Fairly Valued. The stock's GF Value™ is $9.95, compared to a current price of $9.25 — trading 7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.12%, which is 11% below median its 10-year median of 14.82 and 11.7% above the Transportation industry median of 11.75. Japan Airlines Co's overall GF Score™ is 78/100 with 5 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 Japan Airlines Co (JAPSY), the current ROC (Joel Greenblatt) % is 13.12% 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 Japan Airlines Co (JAPSY) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Airlines Co stock appears to be undervalued.
The current stock price of $9.25 is trading 7% below its estimated GF Value™ of $9.95.
GuruFocus considers Japan Airlines Co to be Fairly Valued.
Key valuation signals for JAPSY:
ROC (Joel Greenblatt) %: 13.12% (11% below median its 10-year median of 14.82)
GF Value™: $9.95 vs. price of $9.25 (7% below fair value)
Industry Position: 11.7% above the Transportation median (#322 of 997)
No single metric tells the full story. See the JAPSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Airlines Co Ltd is an international air transport services company. It offers scheduled and non-scheduled air transport services and aerial work services. The company operates large aircraft, medium-sized aircraft, small aircraft, and regional jets. The company is also engaged in the travel planning and sales business, which covers travel planning and sales, baggage delivery, system development and operation, ticketing systems for the travel industry, and credit card services related to air travel.
78GF Score
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