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NMS HoldingsTSE:2162 -0.19%46 ROC (Joel Greenblatt) % is 14.91% as of Mar. 2026, which is 92% above its 10-year median of 7.77. GuruFocus rates TSE:2162 with a GF Score™ of 46/100 and a GF Value™ of 円334.45 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,491 Hardware companies, NMS Holdings ranks worse than 54.15% 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. NMS Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.91%.
The historical rank and industry rank for NMS Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2162'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.81 Med: 7.77 Max: 15.16
Current: 8.17
During the past 13 years, NMS Holdings's highest ROC (Joel Greenblatt) % was 15.16%. The lowest was -7.81%. And the median was 7.77%.
TSE:2162's ROC (Joel Greenblatt) % is ranked worse than 54.15% of 2491
companies
in the Hardware industry
Industry Median: 10.44
vs TSE:2162: 8.17
NMS Holdings'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.
NMS Holdings ROC (Joel Greenblatt) % Related Terms
NMS Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for NMS 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.
TSE:2162 vs APH, GLW: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, NMS 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.
NMS Holdings ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, NMS Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NMS Holdings'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 14.91% mean?
NMS Holdings (TSE:2162) has a ROC (Joel Greenblatt) % of 14.91% 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 NMS Holdings and its competitors. This is 92% above median its historical median of 7.77. According to the industry distribution chart, NMS Holdings ranks #1349 out of 2491 companies in the Hardware industry, placing it in the top 54.2%.
Is NMS Holdings' ROC (Joel Greenblatt) % too high?
NMS Holdings' current ROC (Joel Greenblatt) % of 14.91% is 92% above median its 10-year median of 7.77. The Hardware industry median ROC (Joel Greenblatt) % is 10.44. NMS Holdings' value of 14.91% is 42.8% above this industry median. Based on the distribution chart, NMS Holdings ranks #1349 out of 2491 companies in the Hardware industry, which is below the industry midpoint. Overall, NMS Holdings has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NMS Holdings' ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, NMS Holdings ranks #1349 out of 2491 companies for ROC (Joel Greenblatt) %. This places NMS Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.44. NMS Holdings' value of 14.91% is 42.8% above this benchmark. While the company's 10-year median is 7.77 vs. the industry median of 10.44, NMS 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.44, based on 2,491 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. NMS Holdings's current ROC (Joel Greenblatt) % of 14.91% is 42.8% 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 NMS Holdings and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMS Holdings's current ROC (Joel Greenblatt) % is 14.91%, which is 92% above median its own 10-year median of 7.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMS Holdings stock overvalued right now?
Based on GuruFocus' analysis, NMS Holdings (TSE:2162) is currently considered Significantly Overvalued. The stock's GF Value™ is 円334.45, compared to a current price of 円536.00 — trading 60.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 14.91%, which is 92% above median its 10-year median of 7.77 and 42.8% above the Hardware industry median of 10.44. NMS Holdings' overall GF Score™ is 46/100 with 9 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 NMS Holdings (TSE:2162), the current ROC (Joel Greenblatt) % is 14.91% 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 NMS Holdings (TSE:2162) Overvalued in 2026?
Based on GuruFocus' analysis, NMS Holdings stock appears to be overvalued.
The current stock price of 円536.00 is trading 60.3% above its estimated GF Value™ of 円334.45.
GuruFocus considers NMS Holdings to be Significantly Overvalued.
Key valuation signals for TSE:2162:
ROC (Joel Greenblatt) %: 14.91% (92% above median its 10-year median of 7.77)
GF Value™: 円334.45 vs. price of 円536.00 (60.3% above fair value)
Industry Position: 42.8% above the Hardware median (#1349 of 2491)
No single metric tells the full story. See the TSE:2162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NMS Holdings Corp is a Japan-based company. Its business activities are divided into four operating segments including Human resource solution business, Electronics manufacturing service (EMS) business, Vision ( neo EMS ), and Power supply business. The company offers staff members for contract manufacturing, engineer dispatch service, repairs and customer service. Its EMS business offers a wide range of services concerning board assembly through an integrated production process and firm management system. NMS also offers solutions for power supply and power supply-related products.
46GF Score
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