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ASAHI NetTSE:3834 +0.32%75 ROC (Joel Greenblatt) % is 25.36% as of Mar. 2026, which is 53% below its 10-year median of 54.29. GuruFocus rates TSE:3834 with a GF Score™ of 75/100 and a GF Value™ of 円754.40 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 367 Telecommunication Services companies, ASAHI Net ranks better than 80.93% 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. ASAHI Net's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.36%.
The historical rank and industry rank for ASAHI Net's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3834'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 39.42 Med: 54.29 Max: 90.07
Current: 41.2
During the past 13 years, ASAHI Net's highest ROC (Joel Greenblatt) % was 90.07%. The lowest was 39.42%. And the median was 54.29%.
TSE:3834's ROC (Joel Greenblatt) % is ranked better than 80.93% of 367
companies
in the Telecommunication Services industry
Industry Median: 16.63
vs TSE:3834: 41.20
ASAHI Net's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -6.80% per year.
ASAHI Net (TSE:3834) 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.
The historical data trend for ASAHI Net'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:3834 vs VZ, TMUS, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, ASAHI Net'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.
ASAHI Net ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, ASAHI Net's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ASAHI Net'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 (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 25.36% mean?
ASAHI Net (TSE:3834) has a ROC (Joel Greenblatt) % of 25.36% 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 ASAHI Net and its competitors. This is 53% below median its historical median of 54.29. Over the past decade, ASAHI Net's ROC (Joel Greenblatt) % has ranged from 39.42 to 90.07. According to the industry distribution chart, ASAHI Net ranks #70 out of 367 companies in the Telecommunication Services industry, placing it in the top 19.1%.
Is ASAHI Net's ROC (Joel Greenblatt) % too high?
ASAHI Net's current ROC (Joel Greenblatt) % of 25.36% is 53% below median its 10-year median of 54.29. Over the past 10 years, this metric has ranged from a low of 39.42 to a high of 90.07. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 16.63. ASAHI Net's value of 25.36% is 52.5% above this industry median. Based on the distribution chart, ASAHI Net ranks #70 out of 367 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, ASAHI Net has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASAHI Net's ROC (Joel Greenblatt) % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, ASAHI Net ranks #70 out of 367 companies for ROC (Joel Greenblatt) %. This places ASAHI Net in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 16.63. ASAHI Net's value of 25.36% is 52.5% above this benchmark. Historically, ASAHI Net's own ROC (Joel Greenblatt) % has ranged from 39.42 to 90.07 over the past decade. While the company's 10-year median is 54.29 vs. the industry median of 16.63, ASAHI Net 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 16.63, based on 367 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. ASAHI Net's current ROC (Joel Greenblatt) % of 25.36% is 52.5% 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 ASAHI Net and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 16.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASAHI Net's current ROC (Joel Greenblatt) % is 25.36%, which is 53% below median its own 10-year median of 54.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASAHI Net stock overvalued right now?
Based on GuruFocus' analysis, ASAHI Net (TSE:3834) is currently considered Modestly Undervalued. The stock's GF Value™ is 円754.40, compared to a current price of 円625.00 — trading 17.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 25.36%, which is 53% below median its 10-year median of 54.29 and 52.5% above the Telecommunication Services industry median of 16.63. ASAHI Net's overall GF Score™ is 75/100 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 ASAHI Net (TSE:3834), the current ROC (Joel Greenblatt) % is 25.36% 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 ASAHI Net (TSE:3834) Overvalued in 2026?
Based on GuruFocus' analysis, ASAHI Net stock appears to be undervalued.
The current stock price of 円625.00 is trading 17.2% below its estimated GF Value™ of 円754.40.
GuruFocus considers ASAHI Net to be Modestly Undervalued.
Key valuation signals for TSE:3834:
ROC (Joel Greenblatt) %: 25.36% (53% below median its 10-year median of 54.29)
GF Value™: 円754.40 vs. price of 円625.00 (17.2% below fair value)
Industry Position: 52.5% above the Telecommunication Services median (#70 of 367)
No single metric tells the full story. See the TSE:3834 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASAHI Net Inc is a Japan-based internet service provider. The company mainly offers internet connection services using fiber-optic technology and mobile networks, live survey system respon, system maintenance, and manufacturer maintenance. The company also provides learning management system named manaba.
75GF Score
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