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Nippon Techno LabSSE:3849 71 ROC (Joel Greenblatt) % is 192.30% as of Mar. 2026, which is 717% above its 10-year median of 23.53. GuruFocus rates SSE:3849 with a GF Score™ of 71/100 and a GF Value™ of 円858.26 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,815 Software companies, Nippon Techno Lab ranks better than 61.67% 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. Nippon Techno Lab's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 192.30%.
The historical rank and industry rank for Nippon Techno Lab's ROC (Joel Greenblatt) % or its related term are showing as below:
SSE:3849'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -32.91 Med: 23.53 Max: 56.78
Current: 50.32
During the past 13 years, Nippon Techno Lab's highest ROC (Joel Greenblatt) % was 56.78%. The lowest was -32.91%. And the median was 23.53%.
SSE:3849's ROC (Joel Greenblatt) % is ranked better than 61.67% of 2815
companies
in the Software industry
Industry Median: 19.89
vs SSE:3849: 50.32
Nippon Techno Lab's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Nippon Techno Lab ROC (Joel Greenblatt) % Related Terms
Nippon Techno Lab ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Nippon Techno Lab'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.
SSE:3849 vs QH, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Nippon Techno Lab'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.
Nippon Techno Lab ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Nippon Techno Lab's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nippon Techno Lab'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 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 192.30% mean?
Nippon Techno Lab (SSE:3849) has a ROC (Joel Greenblatt) % of 192.30% 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 Nippon Techno Lab and its competitors. This is 717% above median its historical median of 23.53. According to the industry distribution chart, Nippon Techno Lab ranks #1079 out of 2815 companies in the Software industry, placing it in the top 38.3%.
Is Nippon Techno Lab's ROC (Joel Greenblatt) % too high?
Nippon Techno Lab's current ROC (Joel Greenblatt) % of 192.30% is 717% above median its 10-year median of 23.53. The Software industry median ROC (Joel Greenblatt) % is 19.89. Nippon Techno Lab's value of 192.30% is 866.8% above this industry median. Based on the distribution chart, Nippon Techno Lab ranks #1079 out of 2815 companies in the Software industry, which is above the industry midpoint. Overall, Nippon Techno Lab has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Techno Lab's ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, Nippon Techno Lab ranks #1079 out of 2815 companies for ROC (Joel Greenblatt) %. This puts Nippon Techno Lab in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.89. Nippon Techno Lab's value of 192.30% is 866.8% above this benchmark. While the company's 10-year median is 23.53 vs. the industry median of 19.89, Nippon Techno Lab 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 19.89, based on 2,815 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. Nippon Techno Lab's current ROC (Joel Greenblatt) % of 192.30% is 866.8% 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 Nippon Techno Lab and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Techno Lab's current ROC (Joel Greenblatt) % is 192.30%, which is 717% above median its own 10-year median of 23.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Techno Lab stock overvalued right now?
Based on GuruFocus' analysis, Nippon Techno Lab (SSE:3849) is currently considered Significantly Undervalued. The stock's GF Value™ is 円858.26, compared to a current price of 円603.00 — trading 29.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 192.30%, which is 717% above median its 10-year median of 23.53 and 866.8% above the Software industry median of 19.89. Nippon Techno Lab's overall GF Score™ is 71/100 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 Nippon Techno Lab (SSE:3849), the current ROC (Joel Greenblatt) % is 192.30% 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 Nippon Techno Lab (SSE:3849) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Techno Lab stock appears to be undervalued.
The current stock price of 円603.00 is trading 29.7% below its estimated GF Value™ of 円858.26.
GuruFocus considers Nippon Techno Lab to be Significantly Undervalued.
Key valuation signals for SSE:3849:
ROC (Joel Greenblatt) %: 192.30% (717% above median its 10-year median of 23.53)
GF Value™: 円858.26 vs. price of 円603.00 (29.7% below fair value)
Industry Position: 866.8% above the Software median (#1079 of 2815)
No single metric tells the full story. See the SSE:3849 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Techno Lab Inc is engaged in Imaging & Printer Controller Business that develops and sells controllers and controller software for industrial printers and plotters. The company is engaged in the storage solutions business and contract development business.
71GF Score
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