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UT Group CoTSE:2146 +1.12%89 ROC (Joel Greenblatt) % is 326.27% as of Mar. 2026, which is 8% below its 10-year median of 355.86. GuruFocus rates TSE:2146 with a GF Score™ of 89/100 and a GF Value™ of 円165.96 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,081 Business Services companies, UT Group Co ranks better than 91.4% 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. UT Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 326.27%.
The historical rank and industry rank for UT Group Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2146'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 250.54 Med: 355.86 Max: 2435.79
Current: 321.51
During the past 13 years, UT Group Co's highest ROC (Joel Greenblatt) % was 2435.79%. The lowest was 250.54%. And the median was 355.86%.
TSE:2146's ROC (Joel Greenblatt) % is ranked better than 91.4% of 1081
companies
in the Business Services industry
Industry Median: 21.22
vs TSE:2146: 321.51
UT Group Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.20% per year.
UT Group Co (TSE:2146) 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.
UT Group Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for UT Group 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:2146 vs KFY, RHI, TNET: ROC (Joel Greenblatt) % Comparison
For the Staffing & Employment Services subindustry, UT Group 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.
UT Group Co ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, UT Group Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where UT Group Co'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 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 326.27% mean?
UT Group Co (TSE:2146) has a ROC (Joel Greenblatt) % of 326.27% 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 UT Group Co and its competitors. This is near median its historical median of 355.86. Over the past decade, UT Group Co's ROC (Joel Greenblatt) % has ranged from 250.54 to 2,435.79. According to the industry distribution chart, UT Group Co ranks #93 out of 1081 companies in the Business Services industry, placing it in the top 8.6%.
Is UT Group Co's ROC (Joel Greenblatt) % too high?
UT Group Co's current ROC (Joel Greenblatt) % of 326.27% is near median its 10-year median of 355.86. Over the past 10 years, this metric has ranged from a low of 250.54 to a high of 2,435.79. The Business Services industry median ROC (Joel Greenblatt) % is 21.22. UT Group Co's value of 326.27% is 1437.6% above this industry median. Based on the distribution chart, UT Group Co ranks #93 out of 1081 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, UT Group Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does UT Group Co's ROC (Joel Greenblatt) % compare to KFY and RHI?
According to the Business Services industry distribution chart, UT Group Co ranks #93 out of 1081 companies for ROC (Joel Greenblatt) %. This places UT Group Co in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 21.22. UT Group Co's value of 326.27% is 1437.6% above this benchmark. Historically, UT Group Co's own ROC (Joel Greenblatt) % has ranged from 250.54 to 2,435.79 over the past decade. While the company's 10-year median is 355.86 vs. the industry median of 21.22, UT Group 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.22, based on 1,081 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. UT Group Co's current ROC (Joel Greenblatt) % of 326.27% is 1437.6% 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 UT Group Co and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UT Group Co's current ROC (Joel Greenblatt) % is 326.27%, which is near median its own 10-year median of 355.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UT Group Co stock overvalued right now?
Based on GuruFocus' analysis, UT Group Co (TSE:2146) is currently considered Fairly Valued. The stock's GF Value™ is 円165.96, compared to a current price of 円181.00 — trading 9.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 326.27%, which is near median its 10-year median of 355.86 and 1437.6% above the Business Services industry median of 21.22. UT Group Co's overall GF Score™ is 89/100 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 UT Group Co (TSE:2146), the current ROC (Joel Greenblatt) % is 326.27% 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 UT Group Co (TSE:2146) Overvalued in 2026?
Based on GuruFocus' analysis, UT Group Co stock appears to be overvalued.
The current stock price of 円181.00 is trading 9.1% above its estimated GF Value™ of 円165.96.
GuruFocus considers UT Group Co to be Fairly Valued.
Key valuation signals for TSE:2146:
ROC (Joel Greenblatt) %: 326.27% (near median its 10-year median of 355.86)
GF Value™: 円165.96 vs. price of 円181.00 (9.1% above fair value)
Industry Position: 1437.6% above the Business Services median (#93 of 1081)
No single metric tells the full story. See the TSE:2146 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UT Group Co Ltd is engaged in worker dispatch and outsourcing of permanent employees in manufacturing, design, and development, construction, and other sectors. The firm operates in three segments: Manufacturing Business, Solution Business, and Engineering Business.
89GF Score
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