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Kusuri No Aoki HoldingsTSE:3549 +1.34%91 ROC (Joel Greenblatt) % is 17.22% as of Feb. 2026, which is 6% above its 10-year median of 16.19. GuruFocus rates TSE:3549 with a GF Score™ of 91/100 and a GF Value™ of 円4,276.57 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 666 Healthcare Providers & Services companies, Kusuri No Aoki Holdings ranks better than 51.05% 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. Kusuri No Aoki Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 17.22%.
The historical rank and industry rank for Kusuri No Aoki Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3549'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.01 Med: 16.19 Max: 24.6
Current: 13.15
During the past 13 years, Kusuri No Aoki Holdings's highest ROC (Joel Greenblatt) % was 24.60%. The lowest was 12.01%. And the median was 16.19%.
TSE:3549's ROC (Joel Greenblatt) % is ranked better than 51.05% of 666
companies
in the Healthcare Providers & Services industry
Industry Median: 12.47
vs TSE:3549: 13.15
Kusuri No Aoki Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.20% per year.
Kusuri No Aoki Holdings (TSE:3549) 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.
Kusuri No Aoki Holdings ROC (Joel Greenblatt) % Related Terms
Kusuri No Aoki Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Kusuri No Aoki Holdings'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.
Kusuri No Aoki Holdings ROC (Joel Greenblatt) % Chart
Kusuri No Aoki Holdings ROC (Joel Greenblatt) % Competitor Comparison
For the Pharmaceutical Retailers subindustry, Kusuri No Aoki Holdings'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.
Kusuri No Aoki Holdings ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Kusuri No Aoki Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kusuri No Aoki Holdings's ROC (Joel Greenblatt) % falls into.
Kusuri No Aoki Holdings 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 (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 17.22% mean?
Kusuri No Aoki Holdings (TSE:3549) has a ROC (Joel Greenblatt) % of 17.22% 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 Kusuri No Aoki Holdings and its competitors. This is near median its historical median of 16.19. Over the past decade, Kusuri No Aoki Holdings' ROC (Joel Greenblatt) % has ranged from 12.01 to 24.60. According to the industry distribution chart, Kusuri No Aoki Holdings ranks #326 out of 666 companies in the Healthcare Providers & Services industry, placing it in the top 48.9%.
Is Kusuri No Aoki Holdings' ROC (Joel Greenblatt) % too high?
Kusuri No Aoki Holdings' current ROC (Joel Greenblatt) % of 17.22% is near median its 10-year median of 16.19. Over the past 10 years, this metric has ranged from a low of 12.01 to a high of 24.60. The Healthcare Providers & Services industry median ROC (Joel Greenblatt) % is 12.47. Kusuri No Aoki Holdings' value of 17.22% is 38.1% above this industry median. Based on the distribution chart, Kusuri No Aoki Holdings ranks #326 out of 666 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Kusuri No Aoki Holdings has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kusuri No Aoki Holdings' ROC (Joel Greenblatt) % compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Kusuri No Aoki Holdings ranks #326 out of 666 companies for ROC (Joel Greenblatt) %. This puts Kusuri No Aoki Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.47. Kusuri No Aoki Holdings' value of 17.22% is 38.1% above this benchmark. Historically, Kusuri No Aoki Holdings' own ROC (Joel Greenblatt) % has ranged from 12.01 to 24.60 over the past decade. While the company's 10-year median is 16.19 vs. the industry median of 12.47, Kusuri No Aoki Holdings 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 Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.47, based on 666 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. Kusuri No Aoki Holdings's current ROC (Joel Greenblatt) % of 17.22% is 38.1% 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 Kusuri No Aoki Holdings and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kusuri No Aoki Holdings's current ROC (Joel Greenblatt) % is 17.22%, which is near median its own 10-year median of 16.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kusuri No Aoki Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kusuri No Aoki Holdings (TSE:3549) is currently considered Modestly Undervalued. The stock's GF Value™ is 円4,276.57, compared to a current price of 円3,770.00 — trading 11.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 17.22%, which is near median its 10-year median of 16.19 and 38.1% above the Healthcare Providers & Services industry median of 12.47. Kusuri No Aoki Holdings' overall GF Score™ is 91/100 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 Kusuri No Aoki Holdings (TSE:3549), the current ROC (Joel Greenblatt) % is 17.22% 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 Kusuri No Aoki Holdings (TSE:3549) Overvalued in 2026?
Based on GuruFocus' analysis, Kusuri No Aoki Holdings stock appears to be undervalued.
The current stock price of 円3,770.00 is trading 11.8% below its estimated GF Value™ of 円4,276.57.
GuruFocus considers Kusuri No Aoki Holdings to be Modestly Undervalued.
Key valuation signals for TSE:3549:
ROC (Joel Greenblatt) %: 17.22% (near median its 10-year median of 16.19)
GF Value™: 円4,276.57 vs. price of 円3,770.00 (11.8% below fair value)
Industry Position: 38.1% above the Healthcare Providers & Services median (#326 of 666)
No single metric tells the full story. See the TSE:3549 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kusuri No Aoki Holdings is a pharmaceutical retail chain that sells health, beauty, and cleaning supplies. The company operates stores that focus primarily on residential areas in Japan. Kusuri's business includes pharmaceutical drugs, and the company also operates a bone-marrow bank. The company breaks out its sales into four different product lines, including health, beauty, life, and dispensing. The vast majority of the company's revenue is derived from its life product category, followed by beauty products. Most of Kusuri's revenue is derived from the Hokuriku region.
91GF Score
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