Hulic Co (STU:87W) ROC (Joel Greenblatt) %: 13.96% (As of Dec. 2025) — 102% Above Median

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STU:87W Hulic Co Ltd STU:87W
72 GF Score
Price €9.60
GF Value €11.65
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Hulic Co ROC (Joel Greenblatt) %?

Hulic Co STU:87W +0.52% 72 ROC (Joel Greenblatt) % is 13.96% as of Dec. 2025, which is 102% above its 10-year median of 6.92. GuruFocus rates STU:87W with a GF Score™ of 72/100 and a GF Value™ of €11.65 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,749 Real Estate companies, Hulic Co ranks worse than 57.98% 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. Hulic Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13.96%.

The historical rank and industry rank for Hulic Co's ROC (Joel Greenblatt) % or its related term are showing as below:

STU:87W' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.06   Med: 6.92   Max: 8.79
Current: 8.46

During the past 13 years, Hulic Co's highest ROC (Joel Greenblatt) % was 8.79%. The lowest was 6.06%. And the median was 6.92%.

STU:87W's ROC (Joel Greenblatt) % is ranked worse than
57.98% of 1749 companies
in the Real Estate industry
Industry Median: 12.68 vs STU:87W: 8.46

Hulic Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.00% per year.


Hulic Co  (STU:87W) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Hulic Co ROC (Joel Greenblatt) % Related Terms


Hulic Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Hulic 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.

Hulic Co ROC (Joel Greenblatt) % Chart

Hulic Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.08 7.27 7.91 8.23 8.27

Hulic Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 7.94 4.95 13.96 5.98

STU:87W vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison

For the Real Estate Services subindustry, Hulic 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.


Hulic Co ROC (Joel Greenblatt) % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hulic Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Hulic Co's ROC (Joel Greenblatt) % falls into.


STU:87W
72GF Score
Hulic Co Ltd STU:87W
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hulic 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(110.926 + 2617.431 + 511.859) - (79.753 + 0 + 323.761)
=2836.702

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(120.814 + 2333.074 + 155.946) - (178.112 + 0 + 378.501)
=2053.221

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Hulic Co for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1855.112/( ( (11132.125 + max(2836.702, 0)) + (10556.889 + max(2053.221, 0)) )/ 2 )
=1855.112/( ( 13968.827 + 12610.11 )/ 2 )
=1855.112/13289.4685
=13.96 %

Note: The EBIT data used here is four times the quarterly (Dec. 2025) 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 13.96% mean?
Hulic Co (STU:87W) has a ROC (Joel Greenblatt) % of 13.96% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Hulic Co and its competitors. This is 102% above median its historical median of 6.92. Over the past decade, Hulic Co's ROC (Joel Greenblatt) % has ranged from 6.06 to 8.79. According to the industry distribution chart, Hulic Co ranks #1014 out of 1749 companies in the Real Estate industry, placing it in the top 58%.
Is Hulic Co's ROC (Joel Greenblatt) % too high?
Hulic Co's current ROC (Joel Greenblatt) % of 13.96% is 102% above median its 10-year median of 6.92. Over the past 10 years, this metric has ranged from a low of 6.06 to a high of 8.79. The Real Estate industry median ROC (Joel Greenblatt) % is 12.68. Hulic Co's value of 13.96% is 10.1% above this industry median. Based on the distribution chart, Hulic Co ranks #1014 out of 1749 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hulic Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hulic Co's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hulic Co ranks #1014 out of 1749 companies for ROC (Joel Greenblatt) %. This places Hulic Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.68. Hulic Co's value of 13.96% is 10.1% above this benchmark. Historically, Hulic Co's own ROC (Joel Greenblatt) % has ranged from 6.06 to 8.79 over the past decade. While the company's 10-year median is 6.92 vs. the industry median of 12.68, Hulic 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.68, based on 1,749 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. Hulic Co's current ROC (Joel Greenblatt) % of 13.96% is 10.1% 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 Hulic Co and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hulic Co's current ROC (Joel Greenblatt) % is 13.96%, which is 102% above median its own 10-year median of 6.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hulic Co stock overvalued right now?
Based on GuruFocus' analysis, Hulic Co (STU:87W) is currently considered Modestly Undervalued. The stock's GF Value™ is €11.65, compared to a current price of €9.60 — trading 17.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.96%, which is 102% above median its 10-year median of 6.92 and 10.1% above the Real Estate industry median of 12.68. Hulic Co's overall GF Score™ is 72/100 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 Hulic Co (STU:87W), the current ROC (Joel Greenblatt) % is 13.96% as of Dec. 2025. 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 Hulic Co (STU:87W) Overvalued in 2026?

Based on GuruFocus' analysis, Hulic Co stock appears to be undervalued. The current stock price of €9.60 is trading 17.6% below its estimated GF Value™ of €11.65. GuruFocus considers Hulic Co to be Modestly Undervalued.

Key valuation signals for STU:87W:

  • ROC (Joel Greenblatt) %: 13.96% (102% above median its 10-year median of 6.92)
  • GF Value™: €11.65 vs. price of €9.60 (17.6% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 10.1% above the Real Estate median (#1014 of 1749)

No single metric tells the full story. See the STU:87W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hulic Co Business Description

Other Exchanges HULCF:USA3003:Japan
Address 7-3 Nihonbashi Odenmacho, Chuo-ku, Tokyo, JPN, 103-0011
Hulic Co Ltd is a real estate developer with its core operations in real estate business such as development, reconstruction, and investment. The company operates a real estate leasing business based on ownership of numerous properties located in Tokyo 23 wards.
72GF Score

Get the complete analysis for STU:87W

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.60
Price
€11.65
GF Value