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Yamaichi Real Estate CoTSE:2984 +0.54%61 ROC (Joel Greenblatt) % is 7.15% as of Mar. 2026, which is 33% above its 10-year median of 5.36. GuruFocus rates TSE:2984 with a GF Score™ of 61/100 and a GF Value™ of 円626.03 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,748 Real Estate companies, Yamaichi Real Estate Co ranks worse than 68.48% 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. Yamaichi Real Estate Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.15%.
The historical rank and industry rank for Yamaichi Real Estate Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2984'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.61 Med: 5.36 Max: 9.93
Current: 3.64
During the past 9 years, Yamaichi Real Estate Co's highest ROC (Joel Greenblatt) % was 9.93%. The lowest was 2.61%. And the median was 5.36%.
TSE:2984's ROC (Joel Greenblatt) % is ranked worse than 68.48% of 1748
companies
in the Real Estate industry
Industry Median: 12.85
vs TSE:2984: 3.64
Yamaichi Real Estate Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.10% per year.
Yamaichi Real Estate Co (TSE:2984) 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.
Yamaichi Real Estate Co ROC (Joel Greenblatt) % Related Terms
Yamaichi Real Estate Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Yamaichi Real Estate 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.
Yamaichi Real Estate Co ROC (Joel Greenblatt) % Chart
Yamaichi Real Estate Co ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Yamaichi Real Estate 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.
Yamaichi Real Estate Co ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Yamaichi Real Estate Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Yamaichi Real Estate Co's ROC (Joel Greenblatt) % falls into.
Yamaichi Real Estate 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 7.15% mean?
Yamaichi Real Estate Co (TSE:2984) has a ROC (Joel Greenblatt) % of 7.15% 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 Yamaichi Real Estate Co and its competitors. This is 33% above median its historical median of 5.36. Over the past decade, Yamaichi Real Estate Co's ROC (Joel Greenblatt) % has ranged from 2.61 to 9.93. According to the industry distribution chart, Yamaichi Real Estate Co ranks #1197 out of 1748 companies in the Real Estate industry, placing it in the top 68.5%.
Is Yamaichi Real Estate Co's ROC (Joel Greenblatt) % too high?
Yamaichi Real Estate Co's current ROC (Joel Greenblatt) % of 7.15% is 33% above median its 10-year median of 5.36. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 9.93. The Real Estate industry median ROC (Joel Greenblatt) % is 12.85. Yamaichi Real Estate Co's value of 7.15% is 44.4% below this industry median. Based on the distribution chart, Yamaichi Real Estate Co ranks #1197 out of 1748 companies in the Real Estate industry, which is below the industry midpoint. Overall, Yamaichi Real Estate Co has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yamaichi Real Estate Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Yamaichi Real Estate Co ranks #1197 out of 1748 companies for ROC (Joel Greenblatt) %. This places Yamaichi Real Estate Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.85. Yamaichi Real Estate Co's value of 7.15% is 44.4% below this benchmark. Historically, Yamaichi Real Estate Co's own ROC (Joel Greenblatt) % has ranged from 2.61 to 9.93 over the past decade. While the company's 10-year median is 5.36 vs. the industry median of 12.85, Yamaichi Real Estate 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.85, based on 1,748 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. Yamaichi Real Estate Co's current ROC (Joel Greenblatt) % of 7.15% is 44.4% 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 Yamaichi Real Estate Co and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yamaichi Real Estate Co's current ROC (Joel Greenblatt) % is 7.15%, which is 33% above median its own 10-year median of 5.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yamaichi Real Estate Co stock overvalued right now?
Based on GuruFocus' analysis, Yamaichi Real Estate Co (TSE:2984) is currently considered Modestly Overvalued. The stock's GF Value™ is 円626.03, compared to a current price of 円747.00 — trading 19.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.15%, which is 33% above median its 10-year median of 5.36 and 44.4% below the Real Estate industry median of 12.85. Yamaichi Real Estate Co's overall GF Score™ is 61/100 with 11 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 Yamaichi Real Estate Co (TSE:2984), the current ROC (Joel Greenblatt) % is 7.15% 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 Yamaichi Real Estate Co (TSE:2984) Overvalued in 2026?
Based on GuruFocus' analysis, Yamaichi Real Estate Co stock appears to be overvalued.
The current stock price of 円747.00 is trading 19.3% above its estimated GF Value™ of 円626.03.
GuruFocus considers Yamaichi Real Estate Co to be Modestly Overvalued.
Key valuation signals for TSE:2984:
ROC (Joel Greenblatt) %: 7.15% (33% above median its 10-year median of 5.36)
GF Value™: 円626.03 vs. price of 円747.00 (19.3% above fair value)
Industry Position: 44.4% below the Real Estate median (#1197 of 1748)
No single metric tells the full story. See the TSE:2984 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yamaichi Real Estate Co Ltd is a real estate development company engaged in provision of sales, leasing, management and brokerage services. The company develops commercial land, business land, residential land, condominiums and rental condominiums. Its development business ranges from residential areas to business sites such as factories and warehouses, urban commercial facilities, and suburban commercial facilities.
61GF Score
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