Zig-Zag (TSE:340A) ROC (Joel Greenblatt) %: 5,497.72% (As of Feb. 2026) — 35% Below Median

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TSE:340A Zig-Zag Inc TSE:340A
23 GF Score
Price 円309.00
! 1 Warning Sign
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What is Zig-Zag ROC (Joel Greenblatt) %?

Zig-Zag TSE:340A -0.64% 23 ROC (Joel Greenblatt) % is 5,497.72% as of Feb. 2026, which is 35% below its 10-year median of 8,517.32. GuruFocus rates TSE:340A with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 1,081 Business Services companies, Zig-Zag ranks better than 99.63% 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. Zig-Zag's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 5,497.72%.

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

TSE:340A' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4706.97   Med: 8517.32   Max: 17663.01
Current: 5066.33

During the past 4 years, Zig-Zag's highest ROC (Joel Greenblatt) % was 17663.01%. The lowest was 4706.97%. And the median was 8517.32%.

TSE:340A's ROC (Joel Greenblatt) % is ranked better than
99.63% of 1081 companies
in the Business Services industry
Industry Median: 21.2 vs TSE:340A: 5066.33

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


Zig-Zag  (TSE:340A) 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.


Zig-Zag ROC (Joel Greenblatt) % Related Terms


Zig-Zag ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Zig-Zag'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.

Zig-Zag ROC (Joel Greenblatt) % Chart

Zig-Zag Annual Data
Trend May23 May24 May25 May26
ROC (Joel Greenblatt) %
4,890.69 17,663.01 12,143.94 4,706.97

Zig-Zag Quarterly Data
May23 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only 6,800.08 8,152.66 6,146.71 5,497.72 3,530.79

TSE:340A vs CTAS, CPRT, GPN: ROC (Joel Greenblatt) % Comparison

For the Specialty Business Services subindustry, Zig-Zag'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.


Zig-Zag ROC (Joel Greenblatt) % vs Business Services Industry

For the Business Services industry and Industrials sector, Zig-Zag's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Zig-Zag's ROC (Joel Greenblatt) % falls into.


TSE:340A
23GF Score
Zig-Zag Inc TSE:340A
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
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Zig-Zag 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: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.419 + 47.441 + 440.557) - (504.894 + 0 + 577.466)
=-583.943

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.396 + 46.177 + 411.312) - (492.212 + 0 + 551.105)
=-573.432

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Zig-Zag 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: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=380.58/( ( (3.16 + max(-583.943, 0)) + (10.685 + max(-573.432, 0)) )/ 2 )
=380.58/( ( 3.16 + 10.685 )/ 2 )
=380.58/6.9225
=5,497.72 %

Note: The EBIT data used here is four times the quarterly (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 5,497.72% mean?
Zig-Zag (TSE:340A) has a ROC (Joel Greenblatt) % of 5,497.72% 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 Zig-Zag and its competitors. This is 35% below median its historical median of 8,517.32. Over the past decade, Zig-Zag's ROC (Joel Greenblatt) % has ranged from 4,706.97 to 17,663.01. According to the industry distribution chart, Zig-Zag ranks #4 out of 1081 companies in the Business Services industry, placing it in the top 0.40000000000001%.
Is Zig-Zag's ROC (Joel Greenblatt) % too high?
Zig-Zag's current ROC (Joel Greenblatt) % of 5,497.72% is 35% below median its 10-year median of 8,517.32. Over the past 10 years, this metric has ranged from a low of 4,706.97 to a high of 17,663.01. The Business Services industry median ROC (Joel Greenblatt) % is 21.20. Zig-Zag's value of 5,497.72% is 25832.6% above this industry median. Based on the distribution chart, Zig-Zag ranks #4 out of 1081 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Zig-Zag has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Zig-Zag's ROC (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Zig-Zag ranks #4 out of 1081 companies for ROC (Joel Greenblatt) %. This places Zig-Zag in the top 0% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 21.20. Zig-Zag's value of 5,497.72% is 25832.6% above this benchmark. Historically, Zig-Zag's own ROC (Joel Greenblatt) % has ranged from 4,706.97 to 17,663.01 over the past decade. While the company's 10-year median is 8,517.32 vs. the industry median of 21.20, Zig-Zag 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.20, based on 1,081 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. Zig-Zag's current ROC (Joel Greenblatt) % of 5,497.72% is 25832.6% 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 Zig-Zag and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zig-Zag's current ROC (Joel Greenblatt) % is 5,497.72%, which is 35% below median its own 10-year median of 8,517.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zig-Zag stock overvalued right now?
Zig-Zag (TSE:340A) has a current ROC (Joel Greenblatt) % of 5,497.72%. The current ROC (Joel Greenblatt) % is 5,497.72%, which is 35% below median its 10-year median of 8,517.32 and 25832.6% above the Business Services industry median of 21.20. Zig-Zag's overall GF Score™ is 23/100 with 1 warning sign 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 Zig-Zag (TSE:340A), the current ROC (Joel Greenblatt) % is 5,497.72% 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.

Zig-Zag Business Description

Address 14-1 Sakuragaokacho, Hatchery Shibuya, Shibuya-ku, Tokyo, JPN, 150-0031
Zig-Zag Inc is engaged in provision of the purchasing agent service for overseas customers, WorldShopping, and the Cross-border EC support service for domestic EC-site, WorldShoppingBIZ.
23GF 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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