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MBK CoTSE:3121 +1.83%60 ROC (Joel Greenblatt) % is 2.42% as of Apr. 2026, which is 19% above its 10-year median of 2.04. GuruFocus rates TSE:3121 with a GF Score™ of 60/100 and a GF Value™ of 円219.36 (Fairly Valued). The stock has 9 warning signs investors should review. Among 629 Asset Management companies, MBK Co ranks worse than 67.73% 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. MBK Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 2.42%.
The historical rank and industry rank for MBK Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3121'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.11 Med: 2.04 Max: 5.51
Current: 1.46
During the past 13 years, MBK Co's highest ROC (Joel Greenblatt) % was 5.51%. The lowest was -1.11%. And the median was 2.04%.
TSE:3121's ROC (Joel Greenblatt) % is ranked worse than 67.73% of 629
companies
in the Asset Management industry
Industry Median: 62.71
vs TSE:3121: 1.46
MBK Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.40% per year.
MBK Co (TSE:3121) 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.
The historical data trend for MBK 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:3121 vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, MBK 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.
MBK Co ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, MBK Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MBK 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 two times the semi-annual (Apr. 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 2.42% mean?
MBK Co (TSE:3121) has a ROC (Joel Greenblatt) % of 2.42% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on MBK Co and its competitors. This is 19% above median its historical median of 2.04. According to the industry distribution chart, MBK Co ranks #426 out of 629 companies in the Asset Management industry, placing it in the top 67.7%.
Is MBK Co's ROC (Joel Greenblatt) % too high?
MBK Co's current ROC (Joel Greenblatt) % of 2.42% is 19% above median its 10-year median of 2.04. The Asset Management industry median ROC (Joel Greenblatt) % is 62.71. MBK Co's value of 2.42% is 96.1% below this industry median. Based on the distribution chart, MBK Co ranks #426 out of 629 companies in the Asset Management industry, which is below the industry midpoint. Overall, MBK Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MBK Co's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, MBK Co ranks #426 out of 629 companies for ROC (Joel Greenblatt) %. This places MBK Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 62.71. MBK Co's value of 2.42% is 96.1% below this benchmark. While the company's 10-year median is 2.04 vs. the industry median of 62.71, MBK 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 62.71, based on 629 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. MBK Co's current ROC (Joel Greenblatt) % of 2.42% is 96.1% 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 MBK Co and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 62.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MBK Co's current ROC (Joel Greenblatt) % is 2.42%, which is 19% above median its own 10-year median of 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MBK Co stock overvalued right now?
Based on GuruFocus' analysis, MBK Co (TSE:3121) is currently considered Fairly Valued. The stock's GF Value™ is 円219.36, compared to a current price of 円222.00 — trading 1.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 2.42%, which is 19% above median its 10-year median of 2.04 and 96.1% below the Asset Management industry median of 62.71. MBK Co's overall GF Score™ is 60/100 with 9 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 MBK Co (TSE:3121), the current ROC (Joel Greenblatt) % is 2.42% as of Apr. 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 MBK Co (TSE:3121) Overvalued in 2026?
Based on GuruFocus' analysis, MBK Co stock appears to be overvalued.
The current stock price of 円222.00 is trading 1.2% above its estimated GF Value™ of 円219.36.
GuruFocus considers MBK Co to be Fairly Valued.
Key valuation signals for TSE:3121:
ROC (Joel Greenblatt) %: 2.42% (19% above median its 10-year median of 2.04)
GF Value™: 円219.36 vs. price of 円222.00 (1.2% above fair value)
Industry Position: 96.1% below the Asset Management median (#426 of 629)
No single metric tells the full story. See the TSE:3121 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MBK Co Ltd provides investment advice to business and domestic companies to invest in real estate, fund management and advisory services, and operates hotels and sports facilities. The company's division includes the Merchant Banking Business and Operation Business. The company generates the majority of its revenue from the Merchant Banking Business.
60GF Score
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