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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. Hikari Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 30.26%.
The historical rank and industry rank for Hikari Holdings Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:1445'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.62 Med: 11.4 Max: 73.13
Current: 11.57
During the past 10 years, Hikari Holdings Co's highest ROC (Joel Greenblatt) % was 73.13%. The lowest was -16.62%. And the median was 11.40%.
TSE:1445's ROC (Joel Greenblatt) % is not ranked
in the Conglomerates industry.
Industry Median: 14.71
vs TSE:1445: 11.57
Hikari Holdings Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Hikari Holdings Co (TSE:1445) 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.
Hikari Holdings Co ROC (Joel Greenblatt) % Related Terms
Hikari Holdings Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Hikari Holdings 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.
TSE:1445 vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Hikari Holdings 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.
Hikari Holdings Co ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hikari Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hikari Holdings Co's ROC (Joel Greenblatt) % falls into.
Hikari Holdings 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 (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 30.26% mean?
Hikari Holdings Co (TSE:1445) has a ROC (Joel Greenblatt) % of 30.26% 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 Hikari Holdings Co and its competitors. This is 165% above median its historical median of 11.40.
Is Hikari Holdings Co's ROC (Joel Greenblatt) % too high?
Hikari Holdings Co's current ROC (Joel Greenblatt) % of 30.26% is 165% above median its 10-year median of 11.40. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.71. Hikari Holdings Co's value of 30.26% is 105.7% above this industry median. Overall, Hikari Holdings Co has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Hikari Holdings Co's ROC (Joel Greenblatt) % compare to HON and MMM?
Hikari Holdings Co's ROC (Joel Greenblatt) % of 30.26% can be compared against companies in the Conglomerates industry. The industry median ROC (Joel Greenblatt) % is 14.71. Hikari Holdings Co's value of 30.26% is 105.7% above this benchmark. While the company's 10-year median is 11.40 vs. the industry median of 14.71, Hikari Holdings 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.71, based on 562 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. Hikari Holdings Co's current ROC (Joel Greenblatt) % of 30.26% is 105.7% 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 Hikari Holdings Co and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hikari Holdings Co's current ROC (Joel Greenblatt) % is 30.26%, which is 165% above median its own 10-year median of 11.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hikari Holdings Co stock overvalued right now?
Hikari Holdings Co (TSE:1445) has a current ROC (Joel Greenblatt) % of 30.26%. The stock's GF Value™ is 円4,506.62, compared to a current price of 円2,900.00 — trading 35.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 30.26%, which is 165% above median its 10-year median of 11.40 and 105.7% above the Conglomerates industry median of 14.71. Hikari Holdings Co's overall GF Score™ is 16/100 with 7 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 Hikari Holdings Co (TSE:1445), the current ROC (Joel Greenblatt) % is 30.26% 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 Hikari Holdings Co (TSE:1445) Overvalued in 2026?
Based on GuruFocus' analysis, Hikari Holdings Co stock appears to be undervalued.
The current stock price of 円2,900.00 is trading 35.7% below its estimated GF Value™ of 円4,506.62.
Key valuation signals for TSE:1445:
ROC (Joel Greenblatt) %: 30.26% (165% above median its 10-year median of 11.40)
GF Value™: 円4,506.62 vs. price of 円2,900.00 (35.7% below fair value)
Industry Position: 105.7% above the Conglomerates median
No single metric tells the full story. See the TSE:1445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hikari Holdings Co Ltd is engaged in construction-related businesses with five reportable segments: Tile and Stone Processing and Sales Business, General Building Materials Business, Telecommunications Construction Business, Civil Engineering Work Business, and General Renovation Construction Business. The company provides a wide range of services, including processing and sales of interior and exterior materials, construction work using tiles and stone, telecommunications system design and supervision, public works projects like sewerage and road improvements, and comprehensive renovation work such as tile renovation and ultra-high pressure cleaning. It generates the majority of its revenue from the General Building Materials Business segment.
16GF 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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