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Keyware SolutionsTSE:3799 -0.09%72 ROC (Joel Greenblatt) % is 67.47% as of Mar. 2026, which is 128% above its 10-year median of 29.55. GuruFocus rates TSE:3799 with a GF Score™ of 72/100 and a GF Value™ of 円849.93 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,817 Software companies, Keyware Solutions ranks better than 60.99% 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. Keyware Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 67.47%.
The historical rank and industry rank for Keyware Solutions's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3799'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.17 Med: 29.55 Max: 80.83
Current: 49.22
During the past 13 years, Keyware Solutions's highest ROC (Joel Greenblatt) % was 80.83%. The lowest was 11.17%. And the median was 29.55%.
TSE:3799's ROC (Joel Greenblatt) % is ranked better than 60.99% of 2817
companies
in the Software industry
Industry Median: 20.25
vs TSE:3799: 49.22
Keyware Solutions's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 23.10% 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.
Keyware Solutions ROC (Joel Greenblatt) % Related Terms
Keyware Solutions ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Keyware Solutions'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:3799 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Keyware Solutions'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.
Keyware Solutions ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Keyware Solutions's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Keyware Solutions'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 (Mar. 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 67.47% mean?
Keyware Solutions (TSE:3799) has a ROC (Joel Greenblatt) % of 67.47% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Keyware Solutions and its competitors. This is 128% above median its historical median of 29.55. Over the past decade, Keyware Solutions' ROC (Joel Greenblatt) % has ranged from 11.17 to 80.83. According to the industry distribution chart, Keyware Solutions ranks #1099 out of 2817 companies in the Software industry, placing it in the top 39%.
Is Keyware Solutions' ROC (Joel Greenblatt) % too high?
Keyware Solutions' current ROC (Joel Greenblatt) % of 67.47% is 128% above median its 10-year median of 29.55. Over the past 10 years, this metric has ranged from a low of 11.17 to a high of 80.83. The Software industry median ROC (Joel Greenblatt) % is 20.25. Keyware Solutions' value of 67.47% is 233.2% above this industry median. Based on the distribution chart, Keyware Solutions ranks #1099 out of 2817 companies in the Software industry, which is above the industry midpoint. Overall, Keyware Solutions has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keyware Solutions' ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Keyware Solutions ranks #1099 out of 2817 companies for ROC (Joel Greenblatt) %. This puts Keyware Solutions in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.25. Keyware Solutions' value of 67.47% is 233.2% above this benchmark. Historically, Keyware Solutions' own ROC (Joel Greenblatt) % has ranged from 11.17 to 80.83 over the past decade. While the company's 10-year median is 29.55 vs. the industry median of 20.25, Keyware Solutions 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 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. Keyware Solutions's current ROC (Joel Greenblatt) % of 67.47% is 233.2% 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 Keyware Solutions 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. Keyware Solutions's current ROC (Joel Greenblatt) % is 67.47%, which is 128% above median its own 10-year median of 29.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyware Solutions stock overvalued right now?
Based on GuruFocus' analysis, Keyware Solutions (TSE:3799) is currently considered Modestly Overvalued. The stock's GF Value™ is 円849.93, compared to a current price of 円1,081.00 — trading 27.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 67.47%, which is 128% above median its 10-year median of 29.55 and 233.2% above the Software industry median of 20.25. Keyware Solutions' overall GF Score™ is 72/100 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 Keyware Solutions (TSE:3799), the current ROC (Joel Greenblatt) % is 67.47% as of Mar. 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 Keyware Solutions (TSE:3799) Overvalued in 2026?
Based on GuruFocus' analysis, Keyware Solutions stock appears to be overvalued.
The current stock price of 円1,081.00 is trading 27.2% above its estimated GF Value™ of 円849.93.
GuruFocus considers Keyware Solutions to be Modestly Overvalued.
Key valuation signals for TSE:3799:
ROC (Joel Greenblatt) %: 67.47% (128% above median its 10-year median of 29.55)
GF Value™: 円849.93 vs. price of 円1,081.00 (27.2% above fair value)
Industry Position: 233.2% above the Software median (#1099 of 2817)
No single metric tells the full story. See the TSE:3799 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keyware Solutions Inc is a Japan-based Information Technology (IT) service management company. It operates in two divisions including system development business and Integrated IT service business. System development business is mainly engaged in the construction and development of applications and systems related to social infrastructure. Integrated IT service division offers packaged software, hardware and support services. The company mainly caters to financial, distribution, manufacturing, communication, transportation, reporting, medical, government agency, and service industries.
72GF Score
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