Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
FullerTSE:387A -2.68%21 ROC (Joel Greenblatt) % is 691.44% as of Dec. 2025, which is 149% above its 10-year median of 277.27. GuruFocus rates TSE:387A with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 2,815 Software companies, Fuller ranks better than 88.92% 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. Fuller's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 691.44%.
The historical rank and industry rank for Fuller's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:387A'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 48.07 Med: 277.27 Max: 491.38
Current: 307.78
During the past 5 years, Fuller's highest ROC (Joel Greenblatt) % was 491.38%. The lowest was 48.07%. And the median was 277.27%.
TSE:387A's ROC (Joel Greenblatt) % is ranked better than 88.92% of 2815
companies
in the Software industry
Industry Median: 19.89
vs TSE:387A: 307.78
Fuller's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
The historical data trend for Fuller'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:387A vs QH, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Fuller'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.
Fuller ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Fuller's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fuller'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 (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 691.44% mean?
Fuller (TSE:387A) has a ROC (Joel Greenblatt) % of 691.44% 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 Fuller and its competitors. This is 149% above median its historical median of 277.27. Over the past decade, Fuller's ROC (Joel Greenblatt) % has ranged from 48.07 to 491.38. According to the industry distribution chart, Fuller ranks #312 out of 2815 companies in the Software industry, placing it in the top 11.1%.
Is Fuller's ROC (Joel Greenblatt) % too high?
Fuller's current ROC (Joel Greenblatt) % of 691.44% is 149% above median its 10-year median of 277.27. Over the past 10 years, this metric has ranged from a low of 48.07 to a high of 491.38. The Software industry median ROC (Joel Greenblatt) % is 19.89. Fuller's value of 691.44% is 3376.3% above this industry median. Based on the distribution chart, Fuller ranks #312 out of 2815 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Fuller has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Fuller's ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, Fuller ranks #312 out of 2815 companies for ROC (Joel Greenblatt) %. This places Fuller in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.89. Fuller's value of 691.44% is 3376.3% above this benchmark. Historically, Fuller's own ROC (Joel Greenblatt) % has ranged from 48.07 to 491.38 over the past decade. While the company's 10-year median is 277.27 vs. the industry median of 19.89, Fuller 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 19.89, based on 2,815 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. Fuller's current ROC (Joel Greenblatt) % of 691.44% is 3376.3% 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 Fuller and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuller's current ROC (Joel Greenblatt) % is 691.44%, which is 149% above median its own 10-year median of 277.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuller stock overvalued right now?
Fuller (TSE:387A) has a current ROC (Joel Greenblatt) % of 691.44%. The current ROC (Joel Greenblatt) % is 691.44%, which is 149% above median its 10-year median of 277.27 and 3376.3% above the Software industry median of 19.89. Fuller's overall GF Score™ is 21/100 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 Fuller (TSE:387A), the current ROC (Joel Greenblatt) % is 691.44% 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.
Fuller Inc has been growing its business with its base set in mobile. Fuller, with its core business centered around what smartphones are used for and analyzing data, operates by giving a great deal of consideration to its clients. In order to increase the value of its clients, the company comprehensively supports the success of mobile businesses of its clients through planning business models, researching competitors, developing and operating applications, analyzing usage data, and compiling tailored reports. The company develops apps by planning new business plans for the mobile generation and shifting existing services to mobile devices.
21GF Score
Get the complete analysis for TSE:387A
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:387A has been successfully added to your 
