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Tokai Soft CoNGO:4430 85 ROC (Joel Greenblatt) % is 32.17% as of Feb. 2026, which is 20% above its 10-year median of 26.83. GuruFocus rates NGO:4430 with a GF Score™ of 85/100 and a GF Value™ of 円1,124.76. The stock has 1 warning sign investors should review. Among 2,817 Software companies, Tokai Soft Co ranks better than 50.69% 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. Tokai Soft Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 32.17%.
The historical rank and industry rank for Tokai Soft Co's ROC (Joel Greenblatt) % or its related term are showing as below:
NGO:4430'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.93 Med: 26.83 Max: 63.43
Current: 21.38
During the past 10 years, Tokai Soft Co's highest ROC (Joel Greenblatt) % was 63.43%. The lowest was 15.93%. And the median was 26.83%.
NGO:4430's ROC (Joel Greenblatt) % is ranked better than 50.69% of 2817
companies
in the Software industry
Industry Median: 20.25
vs NGO:4430: 21.38
Tokai Soft Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 11.10% per year.
Tokai Soft Co (NGO:4430) 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.
Tokai Soft Co ROC (Joel Greenblatt) % Related Terms
Tokai Soft Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tokai Soft 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.
NGO:4430 vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Tokai Soft 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.
Tokai Soft Co ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Tokai Soft Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tokai Soft 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 32.17% mean?
Tokai Soft Co (NGO:4430) has a ROC (Joel Greenblatt) % of 32.17% 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 Tokai Soft Co and its competitors. This is 20% above median its historical median of 26.83. Over the past decade, Tokai Soft Co's ROC (Joel Greenblatt) % has ranged from 15.93 to 63.43. According to the industry distribution chart, Tokai Soft Co ranks #1389 out of 2817 companies in the Software industry, placing it in the top 49.3%.
Is Tokai Soft Co's ROC (Joel Greenblatt) % too high?
Tokai Soft Co's current ROC (Joel Greenblatt) % of 32.17% is 20% above median its 10-year median of 26.83. Over the past 10 years, this metric has ranged from a low of 15.93 to a high of 63.43. The Software industry median ROC (Joel Greenblatt) % is 20.25. Tokai Soft Co's value of 32.17% is 58.9% above this industry median. Based on the distribution chart, Tokai Soft Co ranks #1389 out of 2817 companies in the Software industry, which is above the industry midpoint. Overall, Tokai Soft Co has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Tokai Soft Co's ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, Tokai Soft Co ranks #1389 out of 2817 companies for ROC (Joel Greenblatt) %. This puts Tokai Soft Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.25. Tokai Soft Co's value of 32.17% is 58.9% above this benchmark. Historically, Tokai Soft Co's own ROC (Joel Greenblatt) % has ranged from 15.93 to 63.43 over the past decade. While the company's 10-year median is 26.83 vs. the industry median of 20.25, Tokai Soft 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.25, based on 2,817 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. Tokai Soft Co's current ROC (Joel Greenblatt) % of 32.17% is 58.9% 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 Tokai Soft Co and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokai Soft Co's current ROC (Joel Greenblatt) % is 32.17%, which is 20% above median its own 10-year median of 26.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Soft Co stock overvalued right now?
Tokai Soft Co (NGO:4430) has a current ROC (Joel Greenblatt) % of 32.17%. The stock's GF Value™ is 円1,124.76, compared to a current price of 円943.00 — trading 16.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 32.17%, which is 20% above median its 10-year median of 26.83 and 58.9% above the Software industry median of 20.25. Tokai Soft Co's overall GF Score™ is 85/100 with 1 warning sign 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 Tokai Soft Co (NGO:4430), the current ROC (Joel Greenblatt) % is 32.17% 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 Tokai Soft Co (NGO:4430) Overvalued in 2026?
Based on GuruFocus' analysis, Tokai Soft Co stock appears to be undervalued.
The current stock price of 円943.00 is trading 16.2% below its estimated GF Value™ of 円1,124.76.
Key valuation signals for NGO:4430:
ROC (Joel Greenblatt) %: 32.17% (20% above median its 10-year median of 26.83)
GF Value™: 円1,124.76 vs. price of 円943.00 (16.2% below fair value)
Industry Position: 58.9% above the Software median (#1389 of 2817)
No single metric tells the full story. See the NGO:4430 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokai Soft Co Ltd provides software solutions. The company is engaged in a wide range of businesses as an engineering company that combines technologies for total system construction, network and solution solutions, and support technologies that provide stable operation.
85GF Score
Get the complete analysis for NGO:4430
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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