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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. Environment Friendly Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.37%.
The historical rank and industry rank for Environment Friendly Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3777'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -60.18 Med: -4.99 Max: 61.85
Current: 3.23
During the past 13 years, Environment Friendly Holdings's highest ROC (Joel Greenblatt) % was 61.85%. The lowest was -60.18%. And the median was -4.99%.
TSE:3777's ROC (Joel Greenblatt) % is ranked worse than 59.74% of 2817
companies
in the Software industry
Industry Median: 20.25
vs TSE:3777: 3.23
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.
* 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:3777 vs QH, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Environment Friendly 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.
Environment Friendly Holdings ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Environment Friendly Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Environment Friendly Holdings'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 two times the semi-annual (Dec. 2025) 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 8.37% mean?
Environment Friendly Holdings (TSE:3777) has a ROC (Joel Greenblatt) % of 8.37% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Environment Friendly Holdings and its competitors. According to the industry distribution chart, Environment Friendly Holdings ranks #1683 out of 2817 companies in the Software industry, placing it in the top 59.7%.
Is Environment Friendly Holdings' ROC (Joel Greenblatt) % too high?
Environment Friendly Holdings' current ROC (Joel Greenblatt) % is 8.37%. The Software industry median ROC (Joel Greenblatt) % is 20.25. Environment Friendly Holdings' value of 8.37% is 58.7% below this industry median. Based on the distribution chart, Environment Friendly Holdings ranks #1683 out of 2817 companies in the Software industry, which is below the industry midpoint. Overall, Environment Friendly Holdings has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Environment Friendly Holdings' ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, Environment Friendly Holdings ranks #1683 out of 2817 companies for ROC (Joel Greenblatt) %. This places Environment Friendly Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.25. Environment Friendly Holdings' value of 8.37% is 58.7% below this benchmark. 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. Environment Friendly Holdings's current ROC (Joel Greenblatt) % of 8.37% is 58.7% below 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 Environment Friendly Holdings 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. Environment Friendly Holdings's current ROC (Joel Greenblatt) % is 8.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Environment Friendly Holdings stock overvalued right now?
Based on GuruFocus' analysis, Environment Friendly Holdings (TSE:3777) is currently considered Significantly Overvalued. The stock's GF Value™ is 円6.92, compared to a current price of 円43.00 — trading 521.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 8.37% and 58.7% below the Software industry median of 20.25. Environment Friendly Holdings' overall GF Score™ is 51/100 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 Environment Friendly Holdings (TSE:3777), the current ROC (Joel Greenblatt) % is 8.37% as of Dec. 2025. 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 Environment Friendly Holdings (TSE:3777) Overvalued in 2026?
Based on GuruFocus' analysis, Environment Friendly Holdings stock appears to be overvalued.
The current stock price of 円43.00 is trading 521.4% above its estimated GF Value™ of 円6.92.
GuruFocus considers Environment Friendly Holdings to be Significantly Overvalued.
Key valuation signals for TSE:3777:
ROC (Joel Greenblatt) %: 8.37%
GF Value™: 円6.92 vs. price of 円43.00 (521.4% above fair value)
Industry Position: 58.7% below the Software median (#1683 of 2817)
No single metric tells the full story. See the TSE:3777 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Environment Friendly Holdings Business Description
Environment Friendly Holdings Corp has three segments: Natural Resources & Energy, Reuse Business, and Environmental Business. The Natural Resources & Energy segment deals with biomass, sorghum, solar power development, electricity retail, and energy consulting. The Reuse Business involves selling new and used appliances, ICT platform and web system development, and cybersecurity services. The Environmental Business handles installation, maintenance, and repair of multi-story parking lots, as well as facility management for apartments and office buildings.
51GF 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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