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Olba DVx HealthcareTSE:2689 62 ROC (Joel Greenblatt) % is 15.08% as of Jun. 2026, which is 36% below its 10-year median of 23.63. GuruFocus rates TSE:2689 with a GF Score™ of 62/100 and a GF Value™ of 円2,164.82 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 124 Medical Distribution companies, Olba DVx Healthcare ranks better than 51.61% 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. Olba DVx Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 15.08%.
The historical rank and industry rank for Olba DVx Healthcare's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2689'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.15 Med: 23.63 Max: 36.87
Current: 16.19
During the past 13 years, Olba DVx Healthcare's highest ROC (Joel Greenblatt) % was 36.87%. The lowest was 10.15%. And the median was 23.63%.
TSE:2689's ROC (Joel Greenblatt) % is ranked better than 51.61% of 124
companies
in the Medical Distribution industry
Industry Median: 15.56
vs TSE:2689: 16.19
Olba DVx Healthcare's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.80% per year.
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.
Olba DVx Healthcare ROC (Joel Greenblatt) % Related Terms
Olba DVx Healthcare ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Olba DVx Healthcare'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:2689 vs MCK, COR, CAH: ROC (Joel Greenblatt) % Comparison
For the Medical Distribution subindustry, Olba DVx Healthcare'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.
Olba DVx Healthcare ROC (Joel Greenblatt) % vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Olba DVx Healthcare's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Olba DVx Healthcare'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 (Jun. 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 15.08% mean?
Olba DVx Healthcare (TSE:2689) has a ROC (Joel Greenblatt) % of 15.08% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Olba DVx Healthcare and its competitors. This is 36% below median its historical median of 23.63. Over the past decade, Olba DVx Healthcare's ROC (Joel Greenblatt) % has ranged from 10.15 to 36.87. According to the industry distribution chart, Olba DVx Healthcare ranks #60 out of 124 companies in the Medical Distribution industry, placing it in the top 48.4%.
Is Olba DVx Healthcare's ROC (Joel Greenblatt) % too high?
Olba DVx Healthcare's current ROC (Joel Greenblatt) % of 15.08% is 36% below median its 10-year median of 23.63. Over the past 10 years, this metric has ranged from a low of 10.15 to a high of 36.87. The Medical Distribution industry median ROC (Joel Greenblatt) % is 15.56. Olba DVx Healthcare's value of 15.08% is 3.1% below this industry median. Based on the distribution chart, Olba DVx Healthcare ranks #60 out of 124 companies in the Medical Distribution industry, which is above the industry midpoint. Overall, Olba DVx Healthcare has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Olba DVx Healthcare's ROC (Joel Greenblatt) % compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Olba DVx Healthcare ranks #60 out of 124 companies for ROC (Joel Greenblatt) %. This puts Olba DVx Healthcare in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 15.56. Olba DVx Healthcare's value of 15.08% is 3.1% below this benchmark. Historically, Olba DVx Healthcare's own ROC (Joel Greenblatt) % has ranged from 10.15 to 36.87 over the past decade. While the company's 10-year median is 23.63 vs. the industry median of 15.56, Olba DVx Healthcare 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 Medical Distribution company?
The median ROC (Joel Greenblatt) % among Medical Distribution companies is 15.56, based on 124 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. Olba DVx Healthcare's current ROC (Joel Greenblatt) % of 15.08% is 3.1% 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 Olba DVx Healthcare and its competitors. For the Medical Distribution industry, the median ROC (Joel Greenblatt) % is 15.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Olba DVx Healthcare's current ROC (Joel Greenblatt) % is 15.08%, which is 36% below median its own 10-year median of 23.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Olba DVx Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Olba DVx Healthcare (TSE:2689) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,164.82, compared to a current price of 円1,925.00 — trading 11.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 15.08%, which is 36% below median its 10-year median of 23.63 and 3.1% below the Medical Distribution industry median of 15.56. Olba DVx Healthcare's overall GF Score™ is 62/100 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 Olba DVx Healthcare (TSE:2689), the current ROC (Joel Greenblatt) % is 15.08% as of Jun. 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 Olba DVx Healthcare (TSE:2689) Overvalued in 2026?
Based on GuruFocus' analysis, Olba DVx Healthcare stock appears to be undervalued.
The current stock price of 円1,925.00 is trading 11.1% below its estimated GF Value™ of 円2,164.82.
GuruFocus considers Olba DVx Healthcare to be Modestly Undervalued.
Key valuation signals for TSE:2689:
ROC (Joel Greenblatt) %: 15.08% (36% below median its 10-year median of 23.63)
GF Value™: 円2,164.82 vs. price of 円1,925.00 (11.1% below fair value)
Industry Position: 3.1% below the Medical Distribution median (#60 of 124)
No single metric tells the full story. See the TSE:2689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Olba Healthcare Holdings Inc is a Japan-based holding company that engages in the wholesale distribution of medical diagnostic equipment and medical materials. It operates through the following business divisions: Medical Equipment, Supply, Processing, and Distribution (SPD), and Nursing Care Products.
62GF Score
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