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Ocean SystemTSE:3096 -0.56%81 ROC (Joel Greenblatt) % is 11.86% as of Mar. 2026, which is 13% below its 10-year median of 13.65. GuruFocus rates TSE:3096 with a GF Score™ of 81/100 and a GF Value™ of 円1,300.64 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 309 Retail - Defensive companies, Ocean System ranks better than 56.63% 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. Ocean System's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.86%.
The historical rank and industry rank for Ocean System's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3096'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.54 Med: 13.65 Max: 19.54
Current: 16.74
During the past 13 years, Ocean System's highest ROC (Joel Greenblatt) % was 19.54%. The lowest was 7.54%. And the median was 13.65%.
TSE:3096's ROC (Joel Greenblatt) % is ranked better than 56.63% of 309
companies
in the Retail - Defensive industry
Industry Median: 13.84
vs TSE:3096: 16.74
Ocean System's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.70% per year.
Ocean System (TSE:3096) 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.
Ocean System ROC (Joel Greenblatt) % Related Terms
Ocean System ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ocean System'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:3096 vs KR: ROC (Joel Greenblatt) % Comparison
For the Grocery Stores subindustry, Ocean System'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.
Ocean System ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Ocean System's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ocean System'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 (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 11.86% mean?
Ocean System (TSE:3096) has a ROC (Joel Greenblatt) % of 11.86% 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 Ocean System and its competitors. This is 13% below median its historical median of 13.65. Over the past decade, Ocean System's ROC (Joel Greenblatt) % has ranged from 7.54 to 19.54. According to the industry distribution chart, Ocean System ranks #134 out of 309 companies in the Retail - Defensive industry, placing it in the top 43.4%.
Is Ocean System's ROC (Joel Greenblatt) % too high?
Ocean System's current ROC (Joel Greenblatt) % of 11.86% is 13% below median its 10-year median of 13.65. Over the past 10 years, this metric has ranged from a low of 7.54 to a high of 19.54. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.84. Ocean System's value of 11.86% is 14.3% below this industry median. Based on the distribution chart, Ocean System ranks #134 out of 309 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Ocean System has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ocean System's ROC (Joel Greenblatt) % compare to KR?
According to the Retail - Defensive industry distribution chart, Ocean System ranks #134 out of 309 companies for ROC (Joel Greenblatt) %. This puts Ocean System in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 13.84. Ocean System's value of 11.86% is 14.3% below this benchmark. Historically, Ocean System's own ROC (Joel Greenblatt) % has ranged from 7.54 to 19.54 over the past decade. While the company's 10-year median is 13.65 vs. the industry median of 13.84, Ocean System 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 - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.84, based on 309 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. Ocean System's current ROC (Joel Greenblatt) % of 11.86% is 14.3% 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 Ocean System and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ocean System's current ROC (Joel Greenblatt) % is 11.86%, which is 13% below median its own 10-year median of 13.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean System stock overvalued right now?
Based on GuruFocus' analysis, Ocean System (TSE:3096) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,300.64, compared to a current price of 円1,602.00 — trading 23.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 11.86%, which is 13% below median its 10-year median of 13.65 and 14.3% below the Retail - Defensive industry median of 13.84. Ocean System's overall GF Score™ is 81/100 with 3 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 Ocean System (TSE:3096), the current ROC (Joel Greenblatt) % is 11.86% 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 Ocean System (TSE:3096) Overvalued in 2026?
Based on GuruFocus' analysis, Ocean System stock appears to be overvalued.
The current stock price of 円1,602.00 is trading 23.2% above its estimated GF Value™ of 円1,300.64.
GuruFocus considers Ocean System to be Modestly Overvalued.
Key valuation signals for TSE:3096:
ROC (Joel Greenblatt) %: 11.86% (13% below median its 10-year median of 13.65)
GF Value™: 円1,300.64 vs. price of 円1,602.00 (23.2% above fair value)
Industry Position: 14.3% below the Retail - Defensive median (#134 of 309)
No single metric tells the full story. See the TSE:3096 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ocean System Corp is a Japan-based company engages in the supermarket, lunch service, foodstuff delivery, and contract management of dining hall and food service businesses. The company's segment includes Supermarket Business, Gyomu Supermarket Business, Lunch box meal business, Food delivery business, and Hotels and other businesses. The company generates key revenue from the Gyomu Supermarket Business.
81GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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