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Reiwa Accounting Holdings CoTSE:296A -0.99%24 ROC (Joel Greenblatt) % is 2,657.27% as of Mar. 2026, which is 135% above its 10-year median of 1,132.71. GuruFocus rates TSE:296A with a GF Score™ of 24/100. The stock has 4 warning signs investors should review. Among 1,081 Business Services companies, Reiwa Accounting Holdings Co ranks better than 99.44% 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. Reiwa Accounting Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2,657.27%.
The historical rank and industry rank for Reiwa Accounting Holdings Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:296A'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 476.78 Med: 1132.71 Max: 2155.5
Current: 2130.6
During the past 4 years, Reiwa Accounting Holdings Co's highest ROC (Joel Greenblatt) % was 2155.50%. The lowest was 476.78%. And the median was 1132.71%.
TSE:296A's ROC (Joel Greenblatt) % is ranked better than 99.44% of 1081
companies
in the Business Services industry
Industry Median: 21.2
vs TSE:296A: 2130.60
Reiwa Accounting Holdings Co (TSE:296A) 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.
* 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.
Reiwa Accounting Holdings Co ROC (Joel Greenblatt) % Chart
TSE:296A vs CTAS, CPRT, GPN: ROC (Joel Greenblatt) % Comparison
For the Specialty Business Services subindustry, Reiwa Accounting 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.
Reiwa Accounting Holdings Co ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Reiwa Accounting Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Reiwa Accounting Holdings Co's ROC (Joel Greenblatt) % falls into.
Reiwa Accounting 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 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 2,657.27% mean?
Reiwa Accounting Holdings Co (TSE:296A) has a ROC (Joel Greenblatt) % of 2,657.27% 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 Reiwa Accounting Holdings Co and its competitors. This is 135% above median its historical median of 1,132.71. Over the past decade, Reiwa Accounting Holdings Co's ROC (Joel Greenblatt) % has ranged from 476.78 to 2,155.50. According to the industry distribution chart, Reiwa Accounting Holdings Co ranks #6 out of 1081 companies in the Business Services industry, placing it in the top 0.59999999999999%.
Is Reiwa Accounting Holdings Co's ROC (Joel Greenblatt) % too high?
Reiwa Accounting Holdings Co's current ROC (Joel Greenblatt) % of 2,657.27% is 135% above median its 10-year median of 1,132.71. Over the past 10 years, this metric has ranged from a low of 476.78 to a high of 2,155.50. The Business Services industry median ROC (Joel Greenblatt) % is 21.20. Reiwa Accounting Holdings Co's value of 2,657.27% is 12434.3% above this industry median. Based on the distribution chart, Reiwa Accounting Holdings Co ranks #6 out of 1081 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Reiwa Accounting Holdings Co has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Reiwa Accounting Holdings Co's ROC (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Reiwa Accounting Holdings Co ranks #6 out of 1081 companies for ROC (Joel Greenblatt) %. This places Reiwa Accounting Holdings Co in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 21.20. Reiwa Accounting Holdings Co's value of 2,657.27% is 12434.3% above this benchmark. Historically, Reiwa Accounting Holdings Co's own ROC (Joel Greenblatt) % has ranged from 476.78 to 2,155.50 over the past decade. While the company's 10-year median is 1,132.71 vs. the industry median of 21.20, Reiwa Accounting Holdings 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.20, based on 1,081 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. Reiwa Accounting Holdings Co's current ROC (Joel Greenblatt) % of 2,657.27% is 12434.3% 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 Reiwa Accounting Holdings Co and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reiwa Accounting Holdings Co's current ROC (Joel Greenblatt) % is 2,657.27%, which is 135% above median its own 10-year median of 1,132.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reiwa Accounting Holdings Co stock overvalued right now?
Reiwa Accounting Holdings Co (TSE:296A) has a current ROC (Joel Greenblatt) % of 2,657.27%. The current ROC (Joel Greenblatt) % is 2,657.27%, which is 135% above median its 10-year median of 1,132.71 and 12434.3% above the Business Services industry median of 21.20. Reiwa Accounting Holdings Co's overall GF Score™ is 24/100 with 4 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 Reiwa Accounting Holdings Co (TSE:296A), the current ROC (Joel Greenblatt) % is 2,657.27% 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.
Reiwa Accounting Holdings Co Ltd provides comprehensive support to large corporations, firstly publicly listed companies, in daily accounting operations, financial closing, consolidation, disclosure, and M&A support. The company ensures seamless assistance and builds long-term relationships.
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