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Cube SystemTSE:2335 -0.72%73 ROC (Joel Greenblatt) % is 147.50% as of Mar. 2026, which is 13% above its 10-year median of 130.74. GuruFocus rates TSE:2335 with a GF Score™ of 73/100 and a GF Value™ of 円1,122.06 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,818 Software companies, Cube System ranks better than 77.57% 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. Cube System's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 147.50%.
The historical rank and industry rank for Cube System's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2335'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 54.31 Med: 130.74 Max: 176.92
Current: 134.04
During the past 13 years, Cube System's highest ROC (Joel Greenblatt) % was 176.92%. The lowest was 54.31%. And the median was 130.74%.
TSE:2335's ROC (Joel Greenblatt) % is ranked better than 77.57% of 2818
companies
in the Software industry
Industry Median: 20.03
vs TSE:2335: 134.04
Cube System's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.70% per year.
Cube System (TSE:2335) 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.
Cube System ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Cube System'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:2335 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Cube System'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.
Cube System ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Cube System's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cube System'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 two times the semi-annual (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 147.50% mean?
Cube System (TSE:2335) has a ROC (Joel Greenblatt) % of 147.50% 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 Cube System and its competitors. This is 13% above median its historical median of 130.74. Over the past decade, Cube System's ROC (Joel Greenblatt) % has ranged from 54.31 to 176.92. According to the industry distribution chart, Cube System ranks #632 out of 2818 companies in the Software industry, placing it in the top 22.4%.
Is Cube System's ROC (Joel Greenblatt) % too high?
Cube System's current ROC (Joel Greenblatt) % of 147.50% is 13% above median its 10-year median of 130.74. Over the past 10 years, this metric has ranged from a low of 54.31 to a high of 176.92. The Software industry median ROC (Joel Greenblatt) % is 20.03. Cube System's value of 147.50% is 636.4% above this industry median. Based on the distribution chart, Cube System ranks #632 out of 2818 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Cube System has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cube System's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Cube System ranks #632 out of 2818 companies for ROC (Joel Greenblatt) %. This places Cube System in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.03. Cube System's value of 147.50% is 636.4% above this benchmark. Historically, Cube System's own ROC (Joel Greenblatt) % has ranged from 54.31 to 176.92 over the past decade. While the company's 10-year median is 130.74 vs. the industry median of 20.03, Cube System 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.03, based on 2,818 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. Cube System's current ROC (Joel Greenblatt) % of 147.50% is 636.4% 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 Cube System and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cube System's current ROC (Joel Greenblatt) % is 147.50%, which is 13% above median its own 10-year median of 130.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cube System stock overvalued right now?
Based on GuruFocus' analysis, Cube System (TSE:2335) is currently considered Fairly Valued. The stock's GF Value™ is 円1,122.06, compared to a current price of 円1,096.00 — trading 2.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 147.50%, which is 13% above median its 10-year median of 130.74 and 636.4% above the Software industry median of 20.03. Cube System's overall GF Score™ is 73/100 with 1 warning sign 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 Cube System (TSE:2335), the current ROC (Joel Greenblatt) % is 147.50% 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 Cube System (TSE:2335) Overvalued in 2026?
Based on GuruFocus' analysis, Cube System stock appears to be undervalued.
The current stock price of 円1,096.00 is trading 2.3% below its estimated GF Value™ of 円1,122.06.
GuruFocus considers Cube System to be Fairly Valued.
Key valuation signals for TSE:2335:
ROC (Joel Greenblatt) %: 147.50% (13% above median its 10-year median of 130.74)
GF Value™: 円1,122.06 vs. price of 円1,096.00 (2.3% below fair value)
Industry Position: 636.4% above the Software median (#632 of 2818)
No single metric tells the full story. See the TSE:2335 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cube System Inc is an independent information technology company. It organized into three service lines: system integration services, professional services and system outsourcing services. The system integration service includes business system design and development, system migration, downsizing, system transition and offshore development services. The system outsourcing services include the management of business applications, as well as the operation and management of systems. The professional service includes system consulting, system transition, database management and information infrastructure construction services.
73GF Score
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