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User LocalTSE:3984 +4.87%88 ROC (Joel Greenblatt) % is 1,059.40% as of Mar. 2026, which is 24% below its 10-year median of 1,393.57. GuruFocus rates TSE:3984 with a GF Score™ of 88/100 and a GF Value™ of 円2,638.32 (Significantly Undervalued). Among 2,821 Software companies, User Local ranks better than 96.31% 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. User Local's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,059.40%.
The historical rank and industry rank for User Local's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3984'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 855.25 Med: 1393.57 Max: 3819.38
Current: 887.78
During the past 12 years, User Local's highest ROC (Joel Greenblatt) % was 3819.38%. The lowest was 855.25%. And the median was 1393.57%.
TSE:3984's ROC (Joel Greenblatt) % is ranked better than 96.31% of 2821
companies
in the Software industry
Industry Median: 20.73
vs TSE:3984: 887.78
User Local's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.20% per year.
User Local (TSE:3984) 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.
User Local ROC (Joel Greenblatt) % Historical Data
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The historical data trend for User Local'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:3984 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, User Local'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.
User Local ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, User Local's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where User Local'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 1,059.40% mean?
User Local (TSE:3984) has a ROC (Joel Greenblatt) % of 1,059.40% 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 User Local and its competitors. This is 24% below median its historical median of 1,393.57. Over the past decade, User Local's ROC (Joel Greenblatt) % has ranged from 855.25 to 3,819.38. According to the industry distribution chart, User Local ranks #104 out of 2821 companies in the Software industry, placing it in the top 3.7%.
Is User Local's ROC (Joel Greenblatt) % too high?
User Local's current ROC (Joel Greenblatt) % of 1,059.40% is 24% below median its 10-year median of 1,393.57. Over the past 10 years, this metric has ranged from a low of 855.25 to a high of 3,819.38. The Software industry median ROC (Joel Greenblatt) % is 20.73. User Local's value of 1,059.40% is 5010.5% above this industry median. Based on the distribution chart, User Local ranks #104 out of 2821 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, User Local has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does User Local's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, User Local ranks #104 out of 2821 companies for ROC (Joel Greenblatt) %. This places User Local in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.73. User Local's value of 1,059.40% is 5010.5% above this benchmark. Historically, User Local's own ROC (Joel Greenblatt) % has ranged from 855.25 to 3,819.38 over the past decade. While the company's 10-year median is 1,393.57 vs. the industry median of 20.73, User Local 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 20.73, based on 2,821 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. User Local's current ROC (Joel Greenblatt) % of 1,059.40% is 5010.5% 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 User Local and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. User Local's current ROC (Joel Greenblatt) % is 1,059.40%, which is 24% below median its own 10-year median of 1,393.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is User Local stock overvalued right now?
Based on GuruFocus' analysis, User Local (TSE:3984) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,638.32, compared to a current price of 円1,594.00 — trading 39.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1,059.40%, which is 24% below median its 10-year median of 1,393.57 and 5010.5% above the Software industry median of 20.73. User Local's overall GF Score™ is 88/100. 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 User Local (TSE:3984), the current ROC (Joel Greenblatt) % is 1,059.40% 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 User Local (TSE:3984) Overvalued in 2026?
Based on GuruFocus' analysis, User Local stock appears to be undervalued.
The current stock price of 円1,594.00 is trading 39.6% below its estimated GF Value™ of 円2,638.32.
GuruFocus considers User Local to be Significantly Undervalued.
Key valuation signals for TSE:3984:
ROC (Joel Greenblatt) %: 1,059.40% (24% below median its 10-year median of 1,393.57)
GF Value™: 円2,638.32 vs. price of 円1,594.00 (39.6% below fair value)
Industry Position: 5010.5% above the Software median (#104 of 2821)
No single metric tells the full story. See the TSE:3984 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
User Local Inc is engaged in the research and development of big data analysis system, web marketing support tool, offering media analysis tool, and managing artificial intelligence chat bot.
88GF Score
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