SLD Entertainment (TSE:3223) ROC (Joel Greenblatt) %: 53.95% (As of Feb. 2026) — 907% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3223 SLD Entertainment Inc TSE:3223
55 GF Score
Price 円918.00
GF Value 円1,023.24
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is SLD Entertainment ROC (Joel Greenblatt) %?

SLD Entertainment TSE:3223 -0.22% 55 ROC (Joel Greenblatt) % is 53.95% as of Feb. 2026, which is 907% above its 10-year median of 5.36. GuruFocus rates TSE:3223 with a GF Score™ of 55/100 and a GF Value™ of 円1,023.24 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 363 Restaurants companies, SLD Entertainment ranks better than 96.42% 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. SLD Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 53.95%.

The historical rank and industry rank for SLD Entertainment's ROC (Joel Greenblatt) % or its related term are showing as below:

TSE:3223' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -425.4   Med: 5.36   Max: 226.45
Current: 129.35

During the past 13 years, SLD Entertainment's highest ROC (Joel Greenblatt) % was 226.45%. The lowest was -425.40%. And the median was 5.36%.

TSE:3223's ROC (Joel Greenblatt) % is ranked better than
96.42% of 363 companies
in the Restaurants industry
Industry Median: 8.67 vs TSE:3223: 129.35

SLD Entertainment's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


SLD Entertainment  (TSE:3223) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


SLD Entertainment ROC (Joel Greenblatt) % Related Terms


SLD Entertainment ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for SLD Entertainment'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.

SLD Entertainment ROC (Joel Greenblatt) % Chart

SLD Entertainment Annual Data
Trend Mar17 Mar18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.78 -315.05 226.45 190.98 122.43

SLD Entertainment Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 167.17 354.78 79.14 221.79 53.95

TSE:3223 vs MCD, SBUX, YUM: ROC (Joel Greenblatt) % Comparison

For the Restaurants subindustry, SLD Entertainment'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.


SLD Entertainment ROC (Joel Greenblatt) % vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, SLD Entertainment's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where SLD Entertainment's ROC (Joel Greenblatt) % falls into.


TSE:3223
55GF Score
SLD Entertainment Inc TSE:3223
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SLD Entertainment 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(347.361 + 17.087 + 77.045) - (252.676 + 0 + 260.65)
=-71.833

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(296.207 + 24.231 + 77.346) - (180.918 + 0 + 187.175)
=29.691

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SLD Entertainment for the quarter that ended in Feb. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=46.576/( ( (74.561 + max(-71.833, 0)) + (68.396 + max(29.691, 0)) )/ 2 )
=46.576/( ( 74.561 + 98.087 )/ 2 )
=46.576/86.324
=53.95 %

Note: The EBIT data used here is two times the semi-annual (Feb. 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 53.95% mean?
SLD Entertainment (TSE:3223) has a ROC (Joel Greenblatt) % of 53.95% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on SLD Entertainment and its competitors. This is 907% above median its historical median of 5.36. According to the industry distribution chart, SLD Entertainment ranks #13 out of 363 companies in the Restaurants industry, placing it in the top 3.6%.
Is SLD Entertainment's ROC (Joel Greenblatt) % too high?
SLD Entertainment's current ROC (Joel Greenblatt) % of 53.95% is 907% above median its 10-year median of 5.36. The Restaurants industry median ROC (Joel Greenblatt) % is 8.67. SLD Entertainment's value of 53.95% is 522.3% above this industry median. Based on the distribution chart, SLD Entertainment ranks #13 out of 363 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, SLD Entertainment has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SLD Entertainment's ROC (Joel Greenblatt) % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, SLD Entertainment ranks #13 out of 363 companies for ROC (Joel Greenblatt) %. This places SLD Entertainment in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.67. SLD Entertainment's value of 53.95% is 522.3% above this benchmark. While the company's 10-year median is 5.36 vs. the industry median of 8.67, SLD Entertainment 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 Restaurants company?
The median ROC (Joel Greenblatt) % among Restaurants companies is 8.67, based on 363 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. SLD Entertainment's current ROC (Joel Greenblatt) % of 53.95% is 522.3% 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 SLD Entertainment and its competitors. For the Restaurants industry, the median ROC (Joel Greenblatt) % is 8.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SLD Entertainment's current ROC (Joel Greenblatt) % is 53.95%, which is 907% 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 SLD Entertainment stock overvalued right now?
Based on GuruFocus' analysis, SLD Entertainment (TSE:3223) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,023.24, compared to a current price of 円918.00 — trading 10.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 53.95%, which is 907% above median its 10-year median of 5.36 and 522.3% above the Restaurants industry median of 8.67. SLD Entertainment's overall GF Score™ is 55/100 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 SLD Entertainment (TSE:3223), the current ROC (Joel Greenblatt) % is 53.95% as of Feb. 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 SLD Entertainment (TSE:3223) Overvalued in 2026?

Based on GuruFocus' analysis, SLD Entertainment stock appears to be undervalued. The current stock price of 円918.00 is trading 10.3% below its estimated GF Value™ of 円1,023.24. GuruFocus considers SLD Entertainment to be Modestly Undervalued.

Key valuation signals for TSE:3223:

  • ROC (Joel Greenblatt) %: 53.95% (907% above median its 10-year median of 5.36)
  • GF Value™: 円1,023.24 vs. price of 円918.00 (10.3% below fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 522.3% above the Restaurants median (#13 of 363)

No single metric tells the full story. See the TSE:3223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SLD Entertainment Business Description

Address 4-1-23 Shiba, 18th Floor, Mita NN Building, Minato-ku, Tokyo, JPN, 108-0014
SLD Entertainment Inc operates a chain of restaurants. It operates a dining cafe under the Kawara CAFE & DINING brand name and food and beverage outlets under the LOOP brand name. Geographically, the activities are carried out in the region of Japan.
55GF Score

Get the complete analysis for TSE:3223

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円918.00
Price
円1,023.24
GF Value