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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. Ascentech KK's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 0.00%.
The historical rank and industry rank for Ascentech KK's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3565'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 91.7 Med: 193.52 Max: 2938.27
Current: 158.54
During the past 12 years, Ascentech KK's highest ROC (Joel Greenblatt) % was 2938.27%. The lowest was 91.70%. And the median was 193.52%.
TSE:3565's ROC (Joel Greenblatt) % is ranked better than 79.94% of 2817
companies
in the Software industry
Industry Median: 20.25
vs TSE:3565: 158.54
Ascentech KK's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 55.00% per year.
Ascentech KK (TSE:3565) 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.
Ascentech KK ROC (Joel Greenblatt) % Related Terms
Ascentech KK ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ascentech KK'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:3565 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Ascentech KK'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.
Ascentech KK ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Ascentech KK's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ascentech KK'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 (Jan. 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 0.00% mean?
Ascentech KK (TSE:3565) has a ROC (Joel Greenblatt) % of 0.00% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ascentech KK and its competitors. Over the past decade, Ascentech KK's ROC (Joel Greenblatt) % has ranged from 91.70 to 2,938.27. According to the industry distribution chart, Ascentech KK ranks #565 out of 2817 companies in the Software industry, placing it in the top 20.1%.
Is Ascentech KK's ROC (Joel Greenblatt) % too high?
Ascentech KK's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 91.70 to a high of 2,938.27. Based on the distribution chart, Ascentech KK ranks #565 out of 2817 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Ascentech KK has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ascentech KK's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Ascentech KK ranks #565 out of 2817 companies for ROC (Joel Greenblatt) %. This places Ascentech KK in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.25. Historically, Ascentech KK's own ROC (Joel Greenblatt) % has ranged from 91.70 to 2,938.27 over the past decade. 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.25, based on 2,817 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 Ascentech KK and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ascentech KK's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ascentech KK stock overvalued right now?
Based on GuruFocus' analysis, Ascentech KK (TSE:3565) is currently considered Modestly Undervalued. The stock's GF Value™ is 円556.59, compared to a current price of 円421.00 — trading 24.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Ascentech KK's overall GF Score™ is 84/100 with 5 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 Ascentech KK (TSE:3565), the current ROC (Joel Greenblatt) % is 0.00% as of Jan. 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 Ascentech KK (TSE:3565) Overvalued in 2026?
Based on GuruFocus' analysis, Ascentech KK stock appears to be undervalued.
The current stock price of 円421.00 is trading 24.4% below its estimated GF Value™ of 円556.59.
GuruFocus considers Ascentech KK to be Modestly Undervalued.
Key valuation signals for TSE:3565:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: 円556.59 vs. price of 円421.00 (24.4% below fair value)
No single metric tells the full story. See the TSE:3565 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ascentech KK is engaged in product development and sales for Virtual Desktop Infrastructure and IT infrastructure solutions with technical consultation and support services. It also provides cloud services. Its services include VDI consulting services, infrastructure solution services, and storage migration services.
84GF 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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