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AUTOWAVE CoTSE:2666 -1.56%69 ROC (Joel Greenblatt) % is 7.24% as of Mar. 2026, which is 43% above its 10-year median of 5.08. GuruFocus rates TSE:2666 with a GF Score™ of 69/100 and a GF Value™ of 円184.30 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,131 Retail - Cyclical companies, AUTOWAVE Co ranks worse than 56.06% 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. AUTOWAVE Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.24%.
The historical rank and industry rank for AUTOWAVE Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2666'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.34 Med: 5.08 Max: 9.39
Current: 9.24
During the past 13 years, AUTOWAVE Co's highest ROC (Joel Greenblatt) % was 9.39%. The lowest was 2.34%. And the median was 5.08%.
TSE:2666's ROC (Joel Greenblatt) % is ranked worse than 56.06% of 1131
companies
in the Retail - Cyclical industry
Industry Median: 11.65
vs TSE:2666: 9.24
AUTOWAVE Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 14.70% per year.
AUTOWAVE Co (TSE:2666) 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.
AUTOWAVE Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for AUTOWAVE 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.
TSE:2666 vs CASY, WSM, ULTA: ROC (Joel Greenblatt) % Comparison
For the Specialty Retail subindustry, AUTOWAVE 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.
AUTOWAVE Co ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, AUTOWAVE Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AUTOWAVE 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 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 7.24% mean?
AUTOWAVE Co (TSE:2666) has a ROC (Joel Greenblatt) % of 7.24% 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 AUTOWAVE Co and its competitors. This is 43% above median its historical median of 5.08. Over the past decade, AUTOWAVE Co's ROC (Joel Greenblatt) % has ranged from 2.34 to 9.39. According to the industry distribution chart, AUTOWAVE Co ranks #634 out of 1131 companies in the Retail - Cyclical industry, placing it in the top 56.1%.
Is AUTOWAVE Co's ROC (Joel Greenblatt) % too high?
AUTOWAVE Co's current ROC (Joel Greenblatt) % of 7.24% is 43% above median its 10-year median of 5.08. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 9.39. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.65. AUTOWAVE Co's value of 7.24% is 37.9% below this industry median. Based on the distribution chart, AUTOWAVE Co ranks #634 out of 1131 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, AUTOWAVE Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AUTOWAVE Co's ROC (Joel Greenblatt) % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, AUTOWAVE Co ranks #634 out of 1131 companies for ROC (Joel Greenblatt) %. This places AUTOWAVE Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.65. AUTOWAVE Co's value of 7.24% is 37.9% below this benchmark. Historically, AUTOWAVE Co's own ROC (Joel Greenblatt) % has ranged from 2.34 to 9.39 over the past decade. While the company's 10-year median is 5.08 vs. the industry median of 11.65, AUTOWAVE Co has consistently been below 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.65, based on 1,131 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. AUTOWAVE Co's current ROC (Joel Greenblatt) % of 7.24% is 37.9% below 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 AUTOWAVE Co and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AUTOWAVE Co's current ROC (Joel Greenblatt) % is 7.24%, which is 43% above median its own 10-year median of 5.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AUTOWAVE Co stock overvalued right now?
Based on GuruFocus' analysis, AUTOWAVE Co (TSE:2666) is currently considered Fairly Valued. The stock's GF Value™ is 円184.30, compared to a current price of 円189.00 — trading 2.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.24%, which is 43% above median its 10-year median of 5.08 and 37.9% below the Retail - Cyclical industry median of 11.65. AUTOWAVE Co's overall GF Score™ is 69/100 with 5 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 AUTOWAVE Co (TSE:2666), the current ROC (Joel Greenblatt) % is 7.24% 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 AUTOWAVE Co (TSE:2666) Overvalued in 2026?
Based on GuruFocus' analysis, AUTOWAVE Co stock appears to be overvalued.
The current stock price of 円189.00 is trading 2.6% above its estimated GF Value™ of 円184.30.
GuruFocus considers AUTOWAVE Co to be Fairly Valued.
Key valuation signals for TSE:2666:
ROC (Joel Greenblatt) %: 7.24% (43% above median its 10-year median of 5.08)
GF Value™: 円184.30 vs. price of 円189.00 (2.6% above fair value)
Industry Position: 37.9% below the Retail - Cyclical median (#634 of 1131)
No single metric tells the full story. See the TSE:2666 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AUTOWAVE Co Ltd is engaged in car supplies and car total maintenance service. The services offered by the company include inspection, tire, car navigation, battery maintenance, sheet metal repair, and auto wave card.
69GF Score
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