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Hokkai Electrical Construction CoSSE:1832 -0.61%65 ROC (Joel Greenblatt) % is 24.14% as of Mar. 2026, which is 221% above its 10-year median of 7.53. GuruFocus rates SSE:1832 with a GF Score™ of 65/100 and a GF Value™ of 円979.93 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,781 Construction companies, Hokkai Electrical Construction Co ranks worse than 52.72% 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. Hokkai Electrical Construction Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.14%.
The historical rank and industry rank for Hokkai Electrical Construction Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SSE:1832'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.74 Med: 7.53 Max: 18.07
Current: 17.54
During the past 13 years, Hokkai Electrical Construction Co's highest ROC (Joel Greenblatt) % was 18.07%. The lowest was 3.74%. And the median was 7.53%.
SSE:1832's ROC (Joel Greenblatt) % is ranked worse than 52.72% of 1781
companies
in the Construction industry
Industry Median: 19.62
vs SSE:1832: 17.54
Hokkai Electrical Construction Co (SSE:1832) 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.
Hokkai Electrical Construction Co ROC (Joel Greenblatt) % Chart
SSE:1832 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Hokkai Electrical Construction 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.
Hokkai Electrical Construction Co ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Hokkai Electrical Construction Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hokkai Electrical Construction Co's ROC (Joel Greenblatt) % falls into.
Hokkai Electrical Construction 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 two times the semi-annual (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 24.14% mean?
Hokkai Electrical Construction Co (SSE:1832) has a ROC (Joel Greenblatt) % of 24.14% 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 Hokkai Electrical Construction Co and its competitors. This is 221% above median its historical median of 7.53. Over the past decade, Hokkai Electrical Construction Co's ROC (Joel Greenblatt) % has ranged from 3.74 to 18.07. According to the industry distribution chart, Hokkai Electrical Construction Co ranks #939 out of 1781 companies in the Construction industry, placing it in the top 52.7%.
Is Hokkai Electrical Construction Co's ROC (Joel Greenblatt) % too high?
Hokkai Electrical Construction Co's current ROC (Joel Greenblatt) % of 24.14% is 221% above median its 10-year median of 7.53. Over the past 10 years, this metric has ranged from a low of 3.74 to a high of 18.07. The Construction industry median ROC (Joel Greenblatt) % is 19.62. Hokkai Electrical Construction Co's value of 24.14% is 23% above this industry median. Based on the distribution chart, Hokkai Electrical Construction Co ranks #939 out of 1781 companies in the Construction industry, which is below the industry midpoint. Overall, Hokkai Electrical Construction Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkai Electrical Construction Co's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Hokkai Electrical Construction Co ranks #939 out of 1781 companies for ROC (Joel Greenblatt) %. This places Hokkai Electrical Construction Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.62. Hokkai Electrical Construction Co's value of 24.14% is 23% above this benchmark. Historically, Hokkai Electrical Construction Co's own ROC (Joel Greenblatt) % has ranged from 3.74 to 18.07 over the past decade. While the company's 10-year median is 7.53 vs. the industry median of 19.62, Hokkai Electrical Construction 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.62, based on 1,781 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. Hokkai Electrical Construction Co's current ROC (Joel Greenblatt) % of 24.14% is 23% 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 Hokkai Electrical Construction Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkai Electrical Construction Co's current ROC (Joel Greenblatt) % is 24.14%, which is 221% above median its own 10-year median of 7.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkai Electrical Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkai Electrical Construction Co (SSE:1832) is currently considered Significantly Overvalued. The stock's GF Value™ is 円979.93, compared to a current price of 円1,455.00 — trading 48.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.14%, which is 221% above median its 10-year median of 7.53 and 23% above the Construction industry median of 19.62. Hokkai Electrical Construction Co's overall GF Score™ is 65/100 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 Hokkai Electrical Construction Co (SSE:1832), the current ROC (Joel Greenblatt) % is 24.14% 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 Hokkai Electrical Construction Co (SSE:1832) Overvalued in 2026?
Based on GuruFocus' analysis, Hokkai Electrical Construction Co stock appears to be overvalued.
The current stock price of 円1,455.00 is trading 48.5% above its estimated GF Value™ of 円979.93.
GuruFocus considers Hokkai Electrical Construction Co to be Significantly Overvalued.
Key valuation signals for SSE:1832:
ROC (Joel Greenblatt) %: 24.14% (221% above median its 10-year median of 7.53)
GF Value™: 円979.93 vs. price of 円1,455.00 (48.5% above fair value)
Industry Position: 23% above the Construction median (#939 of 1781)
No single metric tells the full story. See the SSE:1832 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokkai Electrical Construction Co Inc manufactures electrical equipment and mechanical equipment. The company also manufactures power generation equipment such as photovoltaic power generation and wind power generation, interconnection equipment of low pressure, high pressure, special high pressure for interconnecting to the electric power system, and system requirement equipment such as storage battery installation. The company provides power distribution facility and telecommunications network facility.
65GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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