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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. Caica Digital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 22.45%.
The historical rank and industry rank for Caica Digital's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2315'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -307.47 Med: -43.28 Max: 100.78
Current: -33.06
During the past 13 years, Caica Digital's highest ROC (Joel Greenblatt) % was 100.78%. The lowest was -307.47%. And the median was -43.28%.
TSE:2315's ROC (Joel Greenblatt) % is ranked worse than 71.37% of 2819
companies
in the Software industry
Industry Median: 20.42
vs TSE:2315: -33.06
Caica Digital's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Caica Digital (TSE:2315) 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.
Caica Digital ROC (Joel Greenblatt) % Related Terms
Caica Digital ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Caica Digital'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:2315 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Caica Digital'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.
Caica Digital ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Caica Digital's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Caica Digital'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 (Apr. 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 22.45% mean?
Caica Digital (TSE:2315) has a ROC (Joel Greenblatt) % of 22.45% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Caica Digital and its competitors. According to the industry distribution chart, Caica Digital ranks #2012 out of 2819 companies in the Software industry, placing it in the top 71.4%.
Is Caica Digital's ROC (Joel Greenblatt) % too high?
Caica Digital's current ROC (Joel Greenblatt) % is 22.45%. The Software industry median ROC (Joel Greenblatt) % is 20.42. Caica Digital's value of 22.45% is 9.9% above this industry median. Based on the distribution chart, Caica Digital ranks #2012 out of 2819 companies in the Software industry, which is below the industry midpoint. Overall, Caica Digital has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Caica Digital's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Caica Digital ranks #2012 out of 2819 companies for ROC (Joel Greenblatt) %. This places Caica Digital in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.42. Caica Digital's value of 22.45% is 9.9% above this benchmark. 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.42, based on 2,819 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. Caica Digital's current ROC (Joel Greenblatt) % of 22.45% is 9.9% 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 Caica Digital and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caica Digital's current ROC (Joel Greenblatt) % is 22.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caica Digital stock overvalued right now?
Based on GuruFocus' analysis, Caica Digital (TSE:2315) is currently considered Modestly Overvalued. The stock's GF Value™ is 円51.79, compared to a current price of 円60.00 — trading 15.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 22.45% and 9.9% above the Software industry median of 20.42. Caica Digital's overall GF Score™ is 54/100 with 4 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 Caica Digital (TSE:2315), the current ROC (Joel Greenblatt) % is 22.45% as of Apr. 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 Caica Digital (TSE:2315) Overvalued in 2026?
Based on GuruFocus' analysis, Caica Digital stock appears to be overvalued.
The current stock price of 円60.00 is trading 15.9% above its estimated GF Value™ of 円51.79.
GuruFocus considers Caica Digital to be Modestly Overvalued.
Key valuation signals for TSE:2315:
ROC (Joel Greenblatt) %: 22.45%
GF Value™: 円51.79 vs. price of 円60.00 (15.9% above fair value)
Industry Position: 9.9% above the Software median (#2012 of 2819)
No single metric tells the full story. See the TSE:2315 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caica Digital Inc is a Japanese company engaged in providing information services such as system development, offshore development, infrastructure, and provision of system-related consulting and maintenance support services. CAICA develops systems that include business package software development and distribution for information service providers. It offers industry solutions for banks, insurance, securities, department stores, convenience stores and transportation industry.
54GF 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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