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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. Shinwa Wise Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -2.50%.
The historical rank and industry rank for Shinwa Wise Holdings Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2437'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -132.97 Med: -3.99 Max: 74.14
Current: -15.21
During the past 13 years, Shinwa Wise Holdings Co's highest ROC (Joel Greenblatt) % was 74.14%. The lowest was -132.97%. And the median was -3.99%.
TSE:2437's ROC (Joel Greenblatt) % is ranked worse than 80.21% of 96
companies
in the Personal Services industry
Industry Median: 13.02
vs TSE:2437: -15.21
Shinwa Wise Holdings Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Shinwa Wise Holdings Co (TSE:2437) 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.
Shinwa Wise Holdings Co ROC (Joel Greenblatt) % Related Terms
Shinwa Wise Holdings Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Shinwa Wise Holdings 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.
Shinwa Wise Holdings Co ROC (Joel Greenblatt) % Chart
TSE:2437 vs ROL, SCI, FTDR: ROC (Joel Greenblatt) % Comparison
For the Personal Services subindustry, Shinwa Wise Holdings 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.
Shinwa Wise Holdings Co ROC (Joel Greenblatt) % vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Shinwa Wise Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shinwa Wise Holdings Co's ROC (Joel Greenblatt) % falls into.
Shinwa Wise Holdings Co 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:
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 (Feb. 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 -2.50% mean?
Shinwa Wise Holdings Co (TSE:2437) has a ROC (Joel Greenblatt) % of -2.50% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Shinwa Wise Holdings Co and its competitors. According to the industry distribution chart, Shinwa Wise Holdings Co ranks #77 out of 96 companies in the Personal Services industry, placing it in the top 80.2%.
Is Shinwa Wise Holdings Co's ROC (Joel Greenblatt) % too high?
Shinwa Wise Holdings Co's current ROC (Joel Greenblatt) % is -2.50%. Based on the distribution chart, Shinwa Wise Holdings Co ranks #77 out of 96 companies in the Personal Services industry, which is in the bottom quartile relative to peers. Overall, Shinwa Wise Holdings Co has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinwa Wise Holdings Co's ROC (Joel Greenblatt) % compare to ROL and SCI?
According to the Personal Services industry distribution chart, Shinwa Wise Holdings Co ranks #77 out of 96 companies for ROC (Joel Greenblatt) %. This places Shinwa Wise Holdings Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.02. 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 Personal Services company?
The median ROC (Joel Greenblatt) % among Personal Services companies is 13.02, based on 96 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. 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 Shinwa Wise Holdings Co and its competitors. For the Personal Services industry, the median ROC (Joel Greenblatt) % is 13.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinwa Wise Holdings Co's current ROC (Joel Greenblatt) % is -2.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Wise Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Shinwa Wise Holdings Co (TSE:2437) is currently considered Significantly Overvalued. The stock's GF Value™ is 円238.94, compared to a current price of 円592.00 — trading 147.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is -2.50%. Shinwa Wise Holdings Co's overall GF Score™ is 35/100 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 Shinwa Wise Holdings Co (TSE:2437), the current ROC (Joel Greenblatt) % is -2.50% as of Feb. 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 Shinwa Wise Holdings Co (TSE:2437) Overvalued in 2026?
Based on GuruFocus' analysis, Shinwa Wise Holdings Co stock appears to be overvalued.
The current stock price of 円592.00 is trading 147.8% above its estimated GF Value™ of 円238.94.
GuruFocus considers Shinwa Wise Holdings Co to be Significantly Overvalued.
Key valuation signals for TSE:2437:
ROC (Joel Greenblatt) %: -2.50%
GF Value™: 円238.94 vs. price of 円592.00 (147.8% above fair value)
No single metric tells the full story. See the TSE:2437 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinwa Wise Holdings Co Ltd is engaged in arranging & operating auctions and buying and selling antiques, consignment selling, export-import activities. Its auctions include the modern art auction, modern ceramics, auction, modern art PartII auction, other auctions such as post-war and contemporary art, wine, European decorative art. Its segments include: Art-related business; and Other businesses.
35GF 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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