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Benefit Japan CoTSE:3934 -1.10%83 ROC (Joel Greenblatt) % is 29.03% as of Mar. 2026, which is 11% above its 10-year median of 26.23. GuruFocus rates TSE:3934 with a GF Score™ of 83/100 and a GF Value™ of 円1,898.22 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 365 Telecommunication Services companies, Benefit Japan Co ranks better than 69.59% 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. Benefit Japan Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.03%.
The historical rank and industry rank for Benefit Japan Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3934'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 17.3 Med: 26.23 Max: 72.02
Current: 26.97
During the past 12 years, Benefit Japan Co's highest ROC (Joel Greenblatt) % was 72.02%. The lowest was 17.30%. And the median was 26.23%.
TSE:3934's ROC (Joel Greenblatt) % is ranked better than 69.59% of 365
companies
in the Telecommunication Services industry
Industry Median: 14.86
vs TSE:3934: 26.97
Benefit Japan Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.90% per year.
Benefit Japan Co (TSE:3934) 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.
Benefit Japan Co ROC (Joel Greenblatt) % Related Terms
Benefit Japan Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Benefit Japan 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.
TSE:3934 vs VZ, TMUS, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Benefit Japan 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.
Benefit Japan Co ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Benefit Japan Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Benefit Japan Co's ROC (Joel Greenblatt) % falls into.
Benefit Japan 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:
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 29.03% mean?
Benefit Japan Co (TSE:3934) has a ROC (Joel Greenblatt) % of 29.03% 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 Benefit Japan Co and its competitors. This is 11% above median its historical median of 26.23. Over the past decade, Benefit Japan Co's ROC (Joel Greenblatt) % has ranged from 17.30 to 72.02. According to the industry distribution chart, Benefit Japan Co ranks #111 out of 365 companies in the Telecommunication Services industry, placing it in the top 30.4%.
Is Benefit Japan Co's ROC (Joel Greenblatt) % too high?
Benefit Japan Co's current ROC (Joel Greenblatt) % of 29.03% is 11% above median its 10-year median of 26.23. Over the past 10 years, this metric has ranged from a low of 17.30 to a high of 72.02. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.86. Benefit Japan Co's value of 29.03% is 95.4% above this industry median. Based on the distribution chart, Benefit Japan Co ranks #111 out of 365 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Benefit Japan Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Japan Co's ROC (Joel Greenblatt) % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Benefit Japan Co ranks #111 out of 365 companies for ROC (Joel Greenblatt) %. This puts Benefit Japan Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 14.86. Benefit Japan Co's value of 29.03% is 95.4% above this benchmark. Historically, Benefit Japan Co's own ROC (Joel Greenblatt) % has ranged from 17.30 to 72.02 over the past decade. While the company's 10-year median is 26.23 vs. the industry median of 14.86, Benefit Japan 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.86, based on 365 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. Benefit Japan Co's current ROC (Joel Greenblatt) % of 29.03% is 95.4% 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 Benefit Japan Co and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Benefit Japan Co's current ROC (Joel Greenblatt) % is 29.03%, which is 11% above median its own 10-year median of 26.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benefit Japan Co stock overvalued right now?
Based on GuruFocus' analysis, Benefit Japan Co (TSE:3934) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,898.22, compared to a current price of 円2,160.00 — trading 13.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 29.03%, which is 11% above median its 10-year median of 26.23 and 95.4% above the Telecommunication Services industry median of 14.86. Benefit Japan Co's overall GF Score™ is 83/100 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 Benefit Japan Co (TSE:3934), the current ROC (Joel Greenblatt) % is 29.03% 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 Benefit Japan Co (TSE:3934) Overvalued in 2026?
Based on GuruFocus' analysis, Benefit Japan Co stock appears to be overvalued.
The current stock price of 円2,160.00 is trading 13.8% above its estimated GF Value™ of 円1,898.22.
GuruFocus considers Benefit Japan Co to be Modestly Overvalued.
Key valuation signals for TSE:3934:
ROC (Joel Greenblatt) %: 29.03% (11% above median its 10-year median of 26.23)
GF Value™: 円1,898.22 vs. price of 円2,160.00 (13.8% above fair value)
Industry Position: 95.4% above the Telecommunication Services median (#111 of 365)
No single metric tells the full story. See the TSE:3934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Benefit Japan Co Ltd provides communication services. The company is a mobile virtual network operator, as well as an FVNO (virtual fixed-line telecommunications operator) servicer and provides internet options services and content, and support services. It provides its services under the Only Service brand name. The company's reportable segments are the Internet communication services business and the robotics business. The company generates the majority of its revenue from the Internet communication services business.
83GF Score
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