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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. Otsuka Information Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 141.55%.
The historical rank and industry rank for Otsuka Information Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:3570'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.47 Med: 82.76 Max: 105.81
Current: 105.81
During the past 13 years, Otsuka Information Technology's highest ROC (Joel Greenblatt) % was 105.81%. The lowest was 15.47%. And the median was 82.76%.
ROCO:3570's ROC (Joel Greenblatt) % is ranked better than 74.11% of 2820
companies
in the Software industry
Industry Median: 19.52
vs ROCO:3570: 105.81
Otsuka Information Technology (ROCO:3570) 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.
Otsuka Information Technology ROC (Joel Greenblatt) % Chart
ROCO:3570 vs QH, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Otsuka Information Technology'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.
Otsuka Information Technology ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Otsuka Information Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Otsuka Information Technology's ROC (Joel Greenblatt) % falls into.
Otsuka Information Technology 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 141.55% mean?
Otsuka Information Technology (ROCO:3570) has a ROC (Joel Greenblatt) % of 141.55% 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 Otsuka Information Technology and its competitors. This is 71% above median its historical median of 82.76. Over the past decade, Otsuka Information Technology's ROC (Joel Greenblatt) % has ranged from 15.47 to 105.81. According to the industry distribution chart, Otsuka Information Technology ranks #730 out of 2820 companies in the Software industry, placing it in the top 25.9%.
Is Otsuka Information Technology's ROC (Joel Greenblatt) % too high?
Otsuka Information Technology's current ROC (Joel Greenblatt) % of 141.55% is 71% above median its 10-year median of 82.76. Over the past 10 years, this metric has ranged from a low of 15.47 to a high of 105.81. The Software industry median ROC (Joel Greenblatt) % is 19.52. Otsuka Information Technology's value of 141.55% is 625.2% above this industry median. Based on the distribution chart, Otsuka Information Technology ranks #730 out of 2820 companies in the Software industry, which is above the industry midpoint. Overall, Otsuka Information Technology has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Otsuka Information Technology's ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, Otsuka Information Technology ranks #730 out of 2820 companies for ROC (Joel Greenblatt) %. This puts Otsuka Information Technology in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.52. Otsuka Information Technology's value of 141.55% is 625.2% above this benchmark. Historically, Otsuka Information Technology's own ROC (Joel Greenblatt) % has ranged from 15.47 to 105.81 over the past decade. While the company's 10-year median is 82.76 vs. the industry median of 19.52, Otsuka Information Technology 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 19.52, based on 2,820 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. Otsuka Information Technology's current ROC (Joel Greenblatt) % of 141.55% is 625.2% 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 Otsuka Information Technology and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Otsuka Information Technology's current ROC (Joel Greenblatt) % is 141.55%, which is 71% above median its own 10-year median of 82.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Otsuka Information Technology stock overvalued right now?
Based on GuruFocus' analysis, Otsuka Information Technology (ROCO:3570) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$208.31, compared to a current price of NT$164.00 — trading 21.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 141.55%, which is 71% above median its 10-year median of 82.76 and 625.2% above the Software industry median of 19.52. Otsuka Information Technology's overall GF Score™ is 91/100 with 3 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 Otsuka Information Technology (ROCO:3570), the current ROC (Joel Greenblatt) % is 141.55% 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 Otsuka Information Technology (ROCO:3570) Overvalued in 2026?
Based on GuruFocus' analysis, Otsuka Information Technology stock appears to be undervalued.
The current stock price of NT$164.00 is trading 21.3% below its estimated GF Value™ of NT$208.31.
GuruFocus considers Otsuka Information Technology to be Modestly Undervalued.
Key valuation signals for ROCO:3570:
ROC (Joel Greenblatt) %: 141.55% (71% above median its 10-year median of 82.76)
GF Value™: NT$208.31 vs. price of NT$164.00 (21.3% below fair value)
Industry Position: 625.2% above the Software median (#730 of 2820)
No single metric tells the full story. See the ROCO:3570 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Otsuka Information Technology Corp is engaged in designing network, trading, maintenance, import and export of hardware, software, computers, and related accessories, as well as providing measurement service for electronic components. Its products portfolio includes Digital transformation, Digital products, Digital construction, and Entertainment industry. It derives revenue from CAD, designing, valuable and multiple CAD integration and consulting services. Geographically, the company operates in two segments namely, China and Taiwan generating key revenue from Taiwan markets.
91GF Score
Get the complete analysis for ROCO:3570
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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