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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. Fund Creation Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was -0.10%.
The historical rank and industry rank for Fund Creation Group Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3266'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.75 Med: 15.95 Max: 34.99
Current: 12.74
During the past 13 years, Fund Creation Group Co's highest ROC (Joel Greenblatt) % was 34.99%. The lowest was -0.75%. And the median was 15.95%.
TSE:3266's ROC (Joel Greenblatt) % is ranked worse than 61.56% of 627
companies
in the Asset Management industry
Industry Median: 63.35
vs TSE:3266: 12.74
Fund Creation Group Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 29.40% per year.
Fund Creation Group Co (TSE:3266) 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.
Fund Creation Group Co ROC (Joel Greenblatt) % Related Terms
Fund Creation Group Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Fund Creation Group 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.
Fund Creation Group Co ROC (Joel Greenblatt) % Chart
TSE:3266 vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Fund Creation Group 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.
Fund Creation Group Co ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fund Creation Group Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fund Creation Group Co's ROC (Joel Greenblatt) % falls into.
Fund Creation Group 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 four times the quarterly (May. 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 -0.10% mean?
Fund Creation Group Co (TSE:3266) has a ROC (Joel Greenblatt) % of -0.10% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Fund Creation Group Co and its competitors. According to the industry distribution chart, Fund Creation Group Co ranks #386 out of 627 companies in the Asset Management industry, placing it in the top 61.6%.
Is Fund Creation Group Co's ROC (Joel Greenblatt) % too high?
Fund Creation Group Co's current ROC (Joel Greenblatt) % is -0.10%. Based on the distribution chart, Fund Creation Group Co ranks #386 out of 627 companies in the Asset Management industry, which is below the industry midpoint. Overall, Fund Creation Group Co has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fund Creation Group Co's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Fund Creation Group Co ranks #386 out of 627 companies for ROC (Joel Greenblatt) %. This places Fund Creation Group Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 63.35. 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 63.35, based on 627 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. 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 Fund Creation Group Co and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fund Creation Group Co's current ROC (Joel Greenblatt) % is -0.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fund Creation Group Co stock overvalued right now?
Based on GuruFocus' analysis, Fund Creation Group Co (TSE:3266) is currently considered Possible Value Trap. The stock's GF Value™ is 円117.45, compared to a current price of 円78.00 — trading 33.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is -0.10%. Fund Creation Group Co's overall GF Score™ is 68/100 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 Fund Creation Group Co (TSE:3266), the current ROC (Joel Greenblatt) % is -0.10% as of May. 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 Fund Creation Group Co (TSE:3266) Overvalued in 2026?
Based on GuruFocus' analysis, Fund Creation Group Co stock appears to be undervalued.
The current stock price of 円78.00 is trading 33.6% below its estimated GF Value™ of 円117.45.
GuruFocus considers Fund Creation Group Co to be Possible Value Trap.
Key valuation signals for TSE:3266:
ROC (Joel Greenblatt) %: -0.10%
GF Value™: 円117.45 vs. price of 円78.00 (33.6% below fair value)
No single metric tells the full story. See the TSE:3266 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fund Creation Group Co Ltd operates a variety of businesses, with asset management business and investment bank business as its core businesses. It aims for the organic development of each business by making full use of its high expertise.
68GF Score
Get the complete analysis for TSE:3266
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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