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Wedge CoTSE:252A 12 ROC (Joel Greenblatt) % is 12.70% as of Dec. 2025, which is 11% below its 10-year median of 14.32. GuruFocus rates TSE:252A with a GF Score™ of 12/100. The stock has 1 warning sign investors should review.
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. Wedge Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.70%.
The historical rank and industry rank for Wedge Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:252A'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.8 Med: 14.32 Max: 19.04
Current: 12.8
During the past 4 years, Wedge Co's highest ROC (Joel Greenblatt) % was 19.04%. The lowest was 12.80%. And the median was 14.32%.
TSE:252A's ROC (Joel Greenblatt) % is not ranked
in the Hardware industry.
Industry Median: 10.345
vs TSE:252A: 12.80
Wedge Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Wedge Co (TSE:252A) 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.
The historical data trend for Wedge 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.
For the Communication Equipment subindustry, Wedge 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.
Wedge Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Wedge Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Wedge 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 two times the semi-annual (Dec. 2025) 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 12.70% mean?
Wedge Co (TSE:252A) has a ROC (Joel Greenblatt) % of 12.70% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Wedge Co and its competitors. This is 11% below median its historical median of 14.32. Over the past decade, Wedge Co's ROC (Joel Greenblatt) % has ranged from 12.80 to 19.04.
Is Wedge Co's ROC (Joel Greenblatt) % too high?
Wedge Co's current ROC (Joel Greenblatt) % of 12.70% is 11% below median its 10-year median of 14.32. Over the past 10 years, this metric has ranged from a low of 12.80 to a high of 19.04. The Hardware industry median ROC (Joel Greenblatt) % is 10.35. Wedge Co's value of 12.70% is 22.8% above this industry median. Overall, Wedge Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Wedge Co's ROC (Joel Greenblatt) % compare to ?
Wedge Co's ROC (Joel Greenblatt) % of 12.70% can be compared against companies in the Hardware industry. The industry median ROC (Joel Greenblatt) % is 10.35. Wedge Co's value of 12.70% is 22.8% above this benchmark. Historically, Wedge Co's own ROC (Joel Greenblatt) % has ranged from 12.80 to 19.04 over the past decade. While the company's 10-year median is 14.32 vs. the industry median of 10.35, Wedge 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.35, based on 2,492 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. Wedge Co's current ROC (Joel Greenblatt) % of 12.70% is 22.8% 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 Wedge Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wedge Co's current ROC (Joel Greenblatt) % is 12.70%, which is 11% below median its own 10-year median of 14.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wedge Co stock overvalued right now?
Wedge Co (TSE:252A) has a current ROC (Joel Greenblatt) % of 12.70%. The current ROC (Joel Greenblatt) % is 12.70%, which is 11% below median its 10-year median of 14.32 and 22.8% above the Hardware industry median of 10.35. Wedge Co's overall GF Score™ is 12/100 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 Wedge Co (TSE:252A), the current ROC (Joel Greenblatt) % is 12.70% as of Dec. 2025. 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.
Wedge Co Ltd is engaged in the Design, development, sales, maintenance, management, and rental and leasing of wireless communication devices. Its products include Digital simple radio registration stations, Specific low-power transceivers, repeaters, Business radios, Earphones, Microphones, chargers, Battery clips, Storage cases, antennas, GPs and others.
12GF Score
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