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Value GolfTSE:3931 56 ROC (Joel Greenblatt) % is 0.00% as of Jan. 2026. GuruFocus rates TSE:3931 with a GF Score™ of 56/100 and a GF Value™ of 円1,280.81 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,015 Media - Diversified companies, Value Golf ranks worse than 54.78% 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. Value Golf's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 0.00%.
The historical rank and industry rank for Value Golf's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3931'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.74 Med: 12.08 Max: 40.72
Current: 5.17
During the past 12 years, Value Golf's highest ROC (Joel Greenblatt) % was 40.72%. The lowest was 0.74%. And the median was 12.08%.
TSE:3931's ROC (Joel Greenblatt) % is ranked worse than 54.78% of 1015
companies
in the Media - Diversified industry
Industry Median: 9.85
vs TSE:3931: 5.17
Value Golf's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -38.70% per year.
Value Golf (TSE:3931) 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.
Value Golf ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Value Golf'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:3931 vs NYT, WLY: ROC (Joel Greenblatt) % Comparison
For the Publishing subindustry, Value Golf'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.
Value Golf ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Value Golf's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Value Golf'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 (Jan. 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 0.00% mean?
Value Golf (TSE:3931) has a ROC (Joel Greenblatt) % of 0.00% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Value Golf and its competitors. Over the past decade, Value Golf's ROC (Joel Greenblatt) % has ranged from 0.74 to 40.72. According to the industry distribution chart, Value Golf ranks #556 out of 1015 companies in the Media - Diversified industry, placing it in the top 54.8%.
Is Value Golf's ROC (Joel Greenblatt) % too high?
Value Golf's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 40.72. Based on the distribution chart, Value Golf ranks #556 out of 1015 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Value Golf has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Value Golf's ROC (Joel Greenblatt) % compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Value Golf ranks #556 out of 1015 companies for ROC (Joel Greenblatt) %. This places Value Golf in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.85. Historically, Value Golf's own ROC (Joel Greenblatt) % has ranged from 0.74 to 40.72 over the past decade. 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.85, based on 1,015 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. 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 Value Golf and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Value Golf's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value Golf stock overvalued right now?
Based on GuruFocus' analysis, Value Golf (TSE:3931) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,280.81, compared to a current price of 円1,455.00 — trading 13.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Value Golf's overall GF Score™ is 56/100 with 8 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 Value Golf (TSE:3931), the current ROC (Joel Greenblatt) % is 0.00% as of Jan. 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 Value Golf (TSE:3931) Overvalued in 2026?
Based on GuruFocus' analysis, Value Golf stock appears to be overvalued.
The current stock price of 円1,455.00 is trading 13.6% above its estimated GF Value™ of 円1,280.81.
GuruFocus considers Value Golf to be Modestly Overvalued.
Key valuation signals for TSE:3931:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: 円1,280.81 vs. price of 円1,455.00 (13.6% above fair value)
No single metric tells the full story. See the TSE:3931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Value Golf Inc is engaged in the management of golf-related media, issues Golf magazines, and manages WEB services, develops systems and provides ASP services related to golf. It offers value service in both real and WEB. It also has advertisement media production business and medical business which include publication, service management for medical institutions.
56GF 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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