Nihon M&A Center Holdings (TSE:2127) ROC (Joel Greenblatt) %: 2,451.68% (As of Mar. 2026) — 15% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2127 Nihon M&A Center Holdings Inc TSE:2127
88 GF Score
Price 円681.10
GF Value 円827.44
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Nihon M&A Center Holdings ROC (Joel Greenblatt) %?

Nihon M&A Center Holdings TSE:2127 +2.58% 88 ROC (Joel Greenblatt) % is 2,451.68% as of Mar. 2026, which is 15% below its 10-year median of 2,867.65. GuruFocus rates TSE:2127 with a GF Score™ of 88/100 and a GF Value™ of 円827.44 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 677 Capital Markets companies, Nihon M&A Center Holdings ranks better than 97.19% 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. Nihon M&A Center Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2,451.68%.

The historical rank and industry rank for Nihon M&A Center Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:

TSE:2127' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2128.2   Med: 2867.65   Max: 3754.49
Current: 3738.64

During the past 13 years, Nihon M&A Center Holdings's highest ROC (Joel Greenblatt) % was 3754.49%. The lowest was 2128.20%. And the median was 2867.65%.

TSE:2127's ROC (Joel Greenblatt) % is ranked better than
97.19% of 677 companies
in the Capital Markets industry
Industry Median: 34.76 vs TSE:2127: 3738.64

Nihon M&A Center Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.70% per year.


Nihon M&A Center Holdings  (TSE:2127) 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.


Nihon M&A Center Holdings ROC (Joel Greenblatt) % Related Terms


Nihon M&A Center Holdings ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Nihon M&A Center Holdings'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.

Nihon M&A Center Holdings ROC (Joel Greenblatt) % Chart

Nihon M&A Center Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,005.79 2,662.32 3,010.87 3,529.74 3,754.49

Nihon M&A Center Holdings 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 5,436.09 2,193.98 4,870.49 5,373.32 2,451.68

TSE:2127 vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison

For the Capital Markets subindustry, Nihon M&A Center Holdings'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.


Nihon M&A Center Holdings ROC (Joel Greenblatt) % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nihon M&A Center Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Nihon M&A Center Holdings's ROC (Joel Greenblatt) % falls into.


TSE:2127
88GF Score
Nihon M&A Center Holdings Inc TSE:2127
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon M&A Center Holdings 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: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(840.149 + 0 + 2725.444) - (3419.929 + 0 + 4000.549)
=-3854.885

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(808 + 0 + 2503) - (4536 + 0 + 6697)
=-7922

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Nihon M&A Center Holdings for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=13829.288/( ( (553.15 + max(-3854.885, 0)) + (575 + max(-7922, 0)) )/ 2 )
=13829.288/( ( 553.15 + 575 )/ 2 )
=13829.288/564.075
=2,451.68 %

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 2,451.68% mean?
Nihon M&A Center Holdings (TSE:2127) has a ROC (Joel Greenblatt) % of 2,451.68% 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 Nihon M&A Center Holdings and its competitors. This is 15% below median its historical median of 2,867.65. Over the past decade, Nihon M&A Center Holdings' ROC (Joel Greenblatt) % has ranged from 2,128.20 to 3,754.49. According to the industry distribution chart, Nihon M&A Center Holdings ranks #19 out of 677 companies in the Capital Markets industry, placing it in the top 2.8%.
Is Nihon M&A Center Holdings' ROC (Joel Greenblatt) % too high?
Nihon M&A Center Holdings' current ROC (Joel Greenblatt) % of 2,451.68% is 15% below median its 10-year median of 2,867.65. Over the past 10 years, this metric has ranged from a low of 2,128.20 to a high of 3,754.49. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.76. Nihon M&A Center Holdings' value of 2,451.68% is 6953.2% above this industry median. Based on the distribution chart, Nihon M&A Center Holdings ranks #19 out of 677 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Nihon M&A Center Holdings has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nihon M&A Center Holdings' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Nihon M&A Center Holdings ranks #19 out of 677 companies for ROC (Joel Greenblatt) %. This places Nihon M&A Center Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.76. Nihon M&A Center Holdings' value of 2,451.68% is 6953.2% above this benchmark. Historically, Nihon M&A Center Holdings' own ROC (Joel Greenblatt) % has ranged from 2,128.20 to 3,754.49 over the past decade. While the company's 10-year median is 2,867.65 vs. the industry median of 34.76, Nihon M&A Center Holdings 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.76, based on 677 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. Nihon M&A Center Holdings's current ROC (Joel Greenblatt) % of 2,451.68% is 6953.2% 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 Nihon M&A Center Holdings and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon M&A Center Holdings's current ROC (Joel Greenblatt) % is 2,451.68%, which is 15% below median its own 10-year median of 2,867.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon M&A Center Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nihon M&A Center Holdings (TSE:2127) is currently considered Modestly Undervalued. The stock's GF Value™ is 円827.44, compared to a current price of 円681.10 — trading 17.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2,451.68%, which is 15% below median its 10-year median of 2,867.65 and 6953.2% above the Capital Markets industry median of 34.76. Nihon M&A Center Holdings' overall GF Score™ is 88/100 with 2 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 Nihon M&A Center Holdings (TSE:2127), the current ROC (Joel Greenblatt) % is 2,451.68% 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 Nihon M&A Center Holdings (TSE:2127) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon M&A Center Holdings stock appears to be undervalued. The current stock price of 円681.10 is trading 17.7% below its estimated GF Value™ of 円827.44. GuruFocus considers Nihon M&A Center Holdings to be Modestly Undervalued.

Key valuation signals for TSE:2127:

  • ROC (Joel Greenblatt) %: 2,451.68% (15% below median its 10-year median of 2,867.65)
  • GF Value™: 円827.44 vs. price of 円681.10 (17.7% below fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 6953.2% above the Capital Markets median (#19 of 677)

No single metric tells the full story. See the TSE:2127 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon M&A Center Holdings Business Description

Other Exchanges NHMAF:USA
Address 1-8-2, Marunouchi, 24th Floor, Tekko Building, Chiyoda-ku, Tokyo, JPN, 100-0005
Nihon M&A Center Holdings Inc is a Japan-based company involved in the merger and acquisition brokerage business. It offers M & A intermediary, corporate assessment, management buyout support, restructuring aid, corporate advisory, capital planning policy and management, and consulting services. The company is also involved in the corporate assessment business, calculating the reference price of enterprise value.
88GF Score

Get the complete analysis for TSE:2127

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

円681.10
Price
円827.44
GF Value