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TKPTSE:3479 -0.67%65 ROC (Joel Greenblatt) % is 97.41% as of Feb. 2026, which is 516% above its 10-year median of 15.81. GuruFocus rates TSE:3479 with a GF Score™ of 65/100 and a GF Value™ of 円5,157.58 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,749 Real Estate companies, TKP ranks better than 65.35% 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. TKP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 97.41%.
The historical rank and industry rank for TKP's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3479'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.84 Med: 15.81 Max: 37.21
Current: 35.12
During the past 12 years, TKP's highest ROC (Joel Greenblatt) % was 37.21%. The lowest was -7.84%. And the median was 15.81%.
TSE:3479's ROC (Joel Greenblatt) % is ranked better than 65.35% of 1749
companies
in the Real Estate industry
Industry Median: 13
vs TSE:3479: 35.12
TKP's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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 TKP'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:3479 vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, TKP'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.
TKP ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, TKP's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TKP'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 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 97.41% mean?
TKP (TSE:3479) has a ROC (Joel Greenblatt) % of 97.41% 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 TKP and its competitors. This is 516% above median its historical median of 15.81. According to the industry distribution chart, TKP ranks #606 out of 1749 companies in the Real Estate industry, placing it in the top 34.6%.
Is TKP's ROC (Joel Greenblatt) % too high?
TKP's current ROC (Joel Greenblatt) % of 97.41% is 516% above median its 10-year median of 15.81. The Real Estate industry median ROC (Joel Greenblatt) % is 13.00. TKP's value of 97.41% is 649.3% above this industry median. Based on the distribution chart, TKP ranks #606 out of 1749 companies in the Real Estate industry, which is above the industry midpoint. Overall, TKP has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TKP's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, TKP ranks #606 out of 1749 companies for ROC (Joel Greenblatt) %. This puts TKP in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 13.00. TKP's value of 97.41% is 649.3% above this benchmark. While the company's 10-year median is 15.81 vs. the industry median of 13.00, TKP 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 13.00, based on 1,749 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. TKP's current ROC (Joel Greenblatt) % of 97.41% is 649.3% 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 TKP and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TKP's current ROC (Joel Greenblatt) % is 97.41%, which is 516% above median its own 10-year median of 15.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TKP stock overvalued right now?
Based on GuruFocus' analysis, TKP (TSE:3479) is currently considered Possible Value Trap. The stock's GF Value™ is 円5,157.58, compared to a current price of 円1,917.00 — trading 62.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 97.41%, which is 516% above median its 10-year median of 15.81 and 649.3% above the Real Estate industry median of 13.00. TKP's overall GF Score™ is 65/100 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 TKP (TSE:3479), the current ROC (Joel Greenblatt) % is 97.41% 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 TKP (TSE:3479) Overvalued in 2026?
Based on GuruFocus' analysis, TKP stock appears to be undervalued.
The current stock price of 円1,917.00 is trading 62.8% below its estimated GF Value™ of 円5,157.58.
GuruFocus considers TKP to be Possible Value Trap.
Key valuation signals for TSE:3479:
ROC (Joel Greenblatt) %: 97.41% (516% above median its 10-year median of 15.81)
GF Value™: 円5,157.58 vs. price of 円1,917.00 (62.8% below fair value)
Industry Position: 649.3% above the Real Estate median (#606 of 1749)
No single metric tells the full story. See the TSE:3479 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TKP Corp is a Japan-based real estate company. It offers conference rooms & banquet halls on a rental basis. The company is also intended to provide in-house production of services associated with conferences, such as food and beverage catering, hotels and resorts, & call centers, among other services. The group operates in three segments: The Space Regeneration & Distribution Business includes flexible offices, hotels & accommodation/training facilities, food & beverage/banquets, & event production. The Lilycolor business consists of three areas: interior business, space solutions business, & real estate investment & development business. The Novarese Escri Business consists of three areas: bridal services, restaurant-focused services, & construction- & real estate-related services.
65GF Score
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