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Medical System Network CoTSE:4350 +0.83%58 ROC (Joel Greenblatt) % is 6.91% as of Mar. 2026, which is 36% below its 10-year median of 10.81. GuruFocus rates TSE:4350 with a GF Score™ of 58/100 and a GF Value™ of 円522.48 (Fairly Valued). The stock has 4 warning signs investors should review. Among 666 Healthcare Providers & Services companies, Medical System Network Co ranks worse than 55.11% 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. Medical System Network Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.91%.
The historical rank and industry rank for Medical System Network Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4350'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.02 Med: 10.81 Max: 17.03
Current: 9.36
During the past 13 years, Medical System Network Co's highest ROC (Joel Greenblatt) % was 17.03%. The lowest was 1.02%. And the median was 10.81%.
TSE:4350's ROC (Joel Greenblatt) % is ranked worse than 55.11% of 666
companies
in the Healthcare Providers & Services industry
Industry Median: 12.49
vs TSE:4350: 9.36
Medical System Network Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -11.90% per year.
Medical System Network Co (TSE:4350) 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.
Medical System Network Co ROC (Joel Greenblatt) % Related Terms
Medical System Network Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Medical System Network 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.
Medical System Network Co ROC (Joel Greenblatt) % Chart
Medical System Network Co ROC (Joel Greenblatt) % Competitor Comparison
For the Pharmaceutical Retailers subindustry, Medical System Network 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.
Medical System Network Co ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Medical System Network Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Medical System Network Co's ROC (Joel Greenblatt) % falls into.
Medical System Network 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 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 6.91% mean?
Medical System Network Co (TSE:4350) has a ROC (Joel Greenblatt) % of 6.91% 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 Medical System Network Co and its competitors. This is 36% below median its historical median of 10.81. Over the past decade, Medical System Network Co's ROC (Joel Greenblatt) % has ranged from 1.02 to 17.03. According to the industry distribution chart, Medical System Network Co ranks #367 out of 666 companies in the Healthcare Providers & Services industry, placing it in the top 55.1%.
Is Medical System Network Co's ROC (Joel Greenblatt) % too high?
Medical System Network Co's current ROC (Joel Greenblatt) % of 6.91% is 36% below median its 10-year median of 10.81. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 17.03. The Healthcare Providers & Services industry median ROC (Joel Greenblatt) % is 12.49. Medical System Network Co's value of 6.91% is 44.7% below this industry median. Based on the distribution chart, Medical System Network Co ranks #367 out of 666 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Medical System Network Co has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Medical System Network Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Medical System Network Co ranks #367 out of 666 companies for ROC (Joel Greenblatt) %. This places Medical System Network Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.49. Medical System Network Co's value of 6.91% is 44.7% below this benchmark. Historically, Medical System Network Co's own ROC (Joel Greenblatt) % has ranged from 1.02 to 17.03 over the past decade. While the company's 10-year median is 10.81 vs. the industry median of 12.49, Medical System Network Co has consistently been below 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 Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.49, based on 666 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. Medical System Network Co's current ROC (Joel Greenblatt) % of 6.91% is 44.7% below 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 Medical System Network Co and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medical System Network Co's current ROC (Joel Greenblatt) % is 6.91%, which is 36% below median its own 10-year median of 10.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical System Network Co stock overvalued right now?
Based on GuruFocus' analysis, Medical System Network Co (TSE:4350) is currently considered Fairly Valued. The stock's GF Value™ is 円522.48, compared to a current price of 円484.00 — trading 7.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 6.91%, which is 36% below median its 10-year median of 10.81 and 44.7% below the Healthcare Providers & Services industry median of 12.49. Medical System Network Co's overall GF Score™ is 58/100 with 4 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 Medical System Network Co (TSE:4350), the current ROC (Joel Greenblatt) % is 6.91% 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 Medical System Network Co (TSE:4350) Overvalued in 2026?
Based on GuruFocus' analysis, Medical System Network Co stock appears to be undervalued.
The current stock price of 円484.00 is trading 7.4% below its estimated GF Value™ of 円522.48.
GuruFocus considers Medical System Network Co to be Fairly Valued.
Key valuation signals for TSE:4350:
ROC (Joel Greenblatt) %: 6.91% (36% below median its 10-year median of 10.81)
GF Value™: 円522.48 vs. price of 円484.00 (7.4% below fair value)
Industry Position: 44.7% below the Healthcare Providers & Services median (#367 of 666)
No single metric tells the full story. See the TSE:4350 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Medical System Network Co Ltd is involved in its network business of dispensing pharmacy business. It also operates a network database used by pharmacies to access patients' prescriptions. It operates through the following business divisions: Pharmaceutical Product Network; Dispensing Pharmacy; Leasing and Equipment-related Business; Food Supply business and others.
58GF Score
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