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Needs WellTSE:3992 -1.10%91 ROC (Joel Greenblatt) % is 66.83% as of Mar. 2026, which is 83% below its 10-year median of 401.92. GuruFocus rates TSE:3992 with a GF Score™ of 91/100 and a GF Value™ of 円503.06 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,818 Software companies, Needs Well ranks better than 75.05% 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. Needs Well's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 66.83%.
The historical rank and industry rank for Needs Well's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3992'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 114.43 Med: 401.92 Max: 1392.4
Current: 114.43
During the past 11 years, Needs Well's highest ROC (Joel Greenblatt) % was 1392.40%. The lowest was 114.43%. And the median was 401.92%.
TSE:3992's ROC (Joel Greenblatt) % is ranked better than 75.05% of 2818
companies
in the Software industry
Industry Median: 20.03
vs TSE:3992: 114.43
Needs Well's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.00% per year.
Needs Well (TSE:3992) 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.
Needs Well ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Needs Well'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:3992 vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Needs Well'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.
Needs Well ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Needs Well's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Needs Well'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 66.83% mean?
Needs Well (TSE:3992) has a ROC (Joel Greenblatt) % of 66.83% 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 Needs Well and its competitors. This is 83% below median its historical median of 401.92. Over the past decade, Needs Well's ROC (Joel Greenblatt) % has ranged from 114.43 to 1,392.40. According to the industry distribution chart, Needs Well ranks #703 out of 2818 companies in the Software industry, placing it in the top 24.9%.
Is Needs Well's ROC (Joel Greenblatt) % too high?
Needs Well's current ROC (Joel Greenblatt) % of 66.83% is 83% below median its 10-year median of 401.92. Over the past 10 years, this metric has ranged from a low of 114.43 to a high of 1,392.40. The Software industry median ROC (Joel Greenblatt) % is 20.03. Needs Well's value of 66.83% is 233.6% above this industry median. Based on the distribution chart, Needs Well ranks #703 out of 2818 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Needs Well has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Needs Well's ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, Needs Well ranks #703 out of 2818 companies for ROC (Joel Greenblatt) %. This places Needs Well in the top 25% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.03. Needs Well's value of 66.83% is 233.6% above this benchmark. Historically, Needs Well's own ROC (Joel Greenblatt) % has ranged from 114.43 to 1,392.40 over the past decade. While the company's 10-year median is 401.92 vs. the industry median of 20.03, Needs Well 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 20.03, based on 2,818 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. Needs Well's current ROC (Joel Greenblatt) % of 66.83% is 233.6% 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 Needs Well and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Needs Well's current ROC (Joel Greenblatt) % is 66.83%, which is 83% below median its own 10-year median of 401.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Needs Well stock overvalued right now?
Based on GuruFocus' analysis, Needs Well (TSE:3992) is currently considered Modestly Undervalued. The stock's GF Value™ is 円503.06, compared to a current price of 円450.00 — trading 10.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 66.83%, which is 83% below median its 10-year median of 401.92 and 233.6% above the Software industry median of 20.03. Needs Well's overall GF Score™ is 91/100 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 Needs Well (TSE:3992), the current ROC (Joel Greenblatt) % is 66.83% 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 Needs Well (TSE:3992) Overvalued in 2026?
Based on GuruFocus' analysis, Needs Well stock appears to be undervalued.
The current stock price of 円450.00 is trading 10.5% below its estimated GF Value™ of 円503.06.
GuruFocus considers Needs Well to be Modestly Undervalued.
Key valuation signals for TSE:3992:
ROC (Joel Greenblatt) %: 66.83% (83% below median its 10-year median of 401.92)
GF Value™: 円503.06 vs. price of 円450.00 (10.5% below fair value)
Industry Position: 233.6% above the Software median (#703 of 2818)
No single metric tells the full story. See the TSE:3992 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Needs Well Inc provides application development, cloud solutions, IT related products and services, system infrastructure service and IT outsourcing services. Its services support to the development of BtoC / BtoB systems, digital marketing related system, business system, and CMS using web technology.
91GF 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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