Internetworking and Broadband Consulting Co (TSE:3920) ROC (Joel Greenblatt) %: 1,461.47% (As of Mar. 2026) — 4487% Above Median

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TSE:3920 Internetworking and Broadband Consulting Co Ltd TSE:3920
76 GF Score
Price 円982.00
GF Value 円858.58
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Internetworking and Broadband Consulting Co ROC (Joel Greenblatt) %?

Internetworking and Broadband Consulting Co TSE:3920 76 ROC (Joel Greenblatt) % is 1,461.47% as of Mar. 2026, which is 4487% above its 10-year median of 31.86. GuruFocus rates TSE:3920 with a GF Score™ of 76/100 and a GF Value™ of 円858.58 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,815 Software companies, Internetworking and Broadband Consulting Co ranks better than 94.81% 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. Internetworking and Broadband Consulting Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,461.47%.

The historical rank and industry rank for Internetworking and Broadband Consulting Co's ROC (Joel Greenblatt) % or its related term are showing as below:

TSE:3920' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.86   Med: 31.86   Max: 619.34
Current: 619.34

During the past 12 years, Internetworking and Broadband Consulting Co's highest ROC (Joel Greenblatt) % was 619.34%. The lowest was -3.86%. And the median was 31.86%.

TSE:3920's ROC (Joel Greenblatt) % is ranked better than
94.81% of 2815 companies
in the Software industry
Industry Median: 19.63 vs TSE:3920: 619.34

Internetworking and Broadband Consulting Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Internetworking and Broadband Consulting Co  (TSE:3920) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Internetworking and Broadband Consulting Co ROC (Joel Greenblatt) % Related Terms


Internetworking and Broadband Consulting Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Internetworking and Broadband Consulting Co'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.

Internetworking and Broadband Consulting Co ROC (Joel Greenblatt) % Chart

Internetworking and Broadband Consulting Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.75 -3.86 36.76 96.02 315.80

Internetworking and Broadband Consulting Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 844.29 523.17 1,289.41 -181.18 1,461.47

TSE:3920 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison

For the Information Technology Services subindustry, Internetworking and Broadband Consulting Co'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.


Internetworking and Broadband Consulting Co ROC (Joel Greenblatt) % vs Software Industry

For the Software industry and Technology sector, Internetworking and Broadband Consulting Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Internetworking and Broadband Consulting Co's ROC (Joel Greenblatt) % falls into.


TSE:3920
76GF Score
Internetworking and Broadband Consulting Co Ltd TSE:3920
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Internetworking and Broadband Consulting Co ROC (Joel Greenblatt) % Calculation

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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(208.276 + 35.283 + 64.554) - (86.922 + 0 + 242.557)
=-21.366

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(341.79 + 146.906 + 41.952) - (364.847 + 0 + 188.833)
=-23.032

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Internetworking and Broadband Consulting Co for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1090.704/( ( (75.922 + max(-21.366, 0)) + (73.339 + max(-23.032, 0)) )/ 2 )
=1090.704/( ( 75.922 + 73.339 )/ 2 )
=1090.704/74.6305
=1,461.47 %

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 1,461.47% mean?
Internetworking and Broadband Consulting Co (TSE:3920) has a ROC (Joel Greenblatt) % of 1,461.47% 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 Internetworking and Broadband Consulting Co and its competitors. This is 4487% above median its historical median of 31.86. According to the industry distribution chart, Internetworking and Broadband Consulting Co ranks #146 out of 2815 companies in the Software industry, placing it in the top 5.2%.
Is Internetworking and Broadband Consulting Co's ROC (Joel Greenblatt) % too high?
Internetworking and Broadband Consulting Co's current ROC (Joel Greenblatt) % of 1,461.47% is 4487% above median its 10-year median of 31.86. The Software industry median ROC (Joel Greenblatt) % is 19.63. Internetworking and Broadband Consulting Co's value of 1,461.47% is 7345.1% above this industry median. Based on the distribution chart, Internetworking and Broadband Consulting Co ranks #146 out of 2815 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Internetworking and Broadband Consulting Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Internetworking and Broadband Consulting Co's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Internetworking and Broadband Consulting Co ranks #146 out of 2815 companies for ROC (Joel Greenblatt) %. This places Internetworking and Broadband Consulting Co in the top 5% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.63. Internetworking and Broadband Consulting Co's value of 1,461.47% is 7345.1% above this benchmark. While the company's 10-year median is 31.86 vs. the industry median of 19.63, Internetworking and Broadband Consulting Co 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 19.63, 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. Internetworking and Broadband Consulting Co's current ROC (Joel Greenblatt) % of 1,461.47% is 7345.1% 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 Internetworking and Broadband Consulting Co and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Internetworking and Broadband Consulting Co's current ROC (Joel Greenblatt) % is 1,461.47%, which is 4487% above median its own 10-year median of 31.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Internetworking and Broadband Consulting Co stock overvalued right now?
Based on GuruFocus' analysis, Internetworking and Broadband Consulting Co (TSE:3920) is currently considered Modestly Overvalued. The stock's GF Value™ is 円858.58, compared to a current price of 円982.00 — trading 14.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1,461.47%, which is 4487% above median its 10-year median of 31.86 and 7345.1% above the Software industry median of 19.63. Internetworking and Broadband Consulting Co's overall GF Score™ is 76/100 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 Internetworking and Broadband Consulting Co (TSE:3920), the current ROC (Joel Greenblatt) % is 1,461.47% 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 Internetworking and Broadband Consulting Co (TSE:3920) Overvalued in 2026?

Based on GuruFocus' analysis, Internetworking and Broadband Consulting Co stock appears to be overvalued. The current stock price of 円982.00 is trading 14.4% above its estimated GF Value™ of 円858.58. GuruFocus considers Internetworking and Broadband Consulting Co to be Modestly Overvalued.

Key valuation signals for TSE:3920:

  • ROC (Joel Greenblatt) %: 1,461.47% (4487% above median its 10-year median of 31.86)
  • GF Value™: 円858.58 vs. price of 円982.00 (14.4% above fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 7345.1% above the Software median (#146 of 2815)

No single metric tells the full story. See the TSE:3920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Internetworking and Broadband Consulting Co Business Description

Address Across Shinkawa Building 2nd Floor, 1-8-8, Shinkawa Chuo-ku, Tokyo, JPN, 104-0033
Internetworking and Broadband Consulting Co Ltd is engaged in the development of performance monitoring software for computers and network systems. It is also engaged in selling and maintenance of software and system performance consultancy and analysis. It provides performance evaluation of network system design and construction of network system design.
76GF Score

Get the complete analysis for TSE:3920

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円982.00
Price
円858.58
GF Value