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Showa System EngineeringTSE:4752 -0.13%75 ROC (Joel Greenblatt) % is 189.49% as of Mar. 2026, which is 36% below its 10-year median of 297.58. GuruFocus rates TSE:4752 with a GF Score™ of 75/100 and a GF Value™ of 円1,595.89 (Fairly Valued). Among 2,816 Software companies, Showa System Engineering ranks better than 85.3% 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. Showa System Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 189.49%.
The historical rank and industry rank for Showa System Engineering's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4752'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 220.7 Med: 297.58 Max: 569.27
Current: 221.13
During the past 13 years, Showa System Engineering's highest ROC (Joel Greenblatt) % was 569.27%. The lowest was 220.70%. And the median was 297.58%.
TSE:4752's ROC (Joel Greenblatt) % is ranked better than 85.3% of 2816
companies
in the Software industry
Industry Median: 20.03
vs TSE:4752: 221.13
Showa System Engineering's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.60% per year.
Showa System Engineering (TSE:4752) 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.
Showa System Engineering ROC (Joel Greenblatt) % Related Terms
Showa System Engineering ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Showa System Engineering'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.
Showa System Engineering ROC (Joel Greenblatt) % Chart
TSE:4752 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Showa System Engineering'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.
Showa System Engineering ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Showa System Engineering's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Showa System Engineering's ROC (Joel Greenblatt) % falls into.
Showa System Engineering 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 189.49% mean?
Showa System Engineering (TSE:4752) has a ROC (Joel Greenblatt) % of 189.49% 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 Showa System Engineering and its competitors. This is 36% below median its historical median of 297.58. Over the past decade, Showa System Engineering's ROC (Joel Greenblatt) % has ranged from 220.70 to 569.27. According to the industry distribution chart, Showa System Engineering ranks #414 out of 2816 companies in the Software industry, placing it in the top 14.7%.
Is Showa System Engineering's ROC (Joel Greenblatt) % too high?
Showa System Engineering's current ROC (Joel Greenblatt) % of 189.49% is 36% below median its 10-year median of 297.58. Over the past 10 years, this metric has ranged from a low of 220.70 to a high of 569.27. The Software industry median ROC (Joel Greenblatt) % is 20.03. Showa System Engineering's value of 189.49% is 846% above this industry median. Based on the distribution chart, Showa System Engineering ranks #414 out of 2816 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Showa System Engineering has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Showa System Engineering's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Showa System Engineering ranks #414 out of 2816 companies for ROC (Joel Greenblatt) %. This places Showa System Engineering in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.03. Showa System Engineering's value of 189.49% is 846% above this benchmark. Historically, Showa System Engineering's own ROC (Joel Greenblatt) % has ranged from 220.70 to 569.27 over the past decade. While the company's 10-year median is 297.58 vs. the industry median of 20.03, Showa System Engineering 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 2,816 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. Showa System Engineering's current ROC (Joel Greenblatt) % of 189.49% is 846% 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 Showa System Engineering 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. Showa System Engineering's current ROC (Joel Greenblatt) % is 189.49%, which is 36% below median its own 10-year median of 297.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Showa System Engineering stock overvalued right now?
Based on GuruFocus' analysis, Showa System Engineering (TSE:4752) is currently considered Fairly Valued. The stock's GF Value™ is 円1,595.89, compared to a current price of 円1,545.00 — trading 3.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 189.49%, which is 36% below median its 10-year median of 297.58 and 846% above the Software industry median of 20.03. Showa System Engineering's overall GF Score™ is 75/100. 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 Showa System Engineering (TSE:4752), the current ROC (Joel Greenblatt) % is 189.49% 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 Showa System Engineering (TSE:4752) Overvalued in 2026?
Based on GuruFocus' analysis, Showa System Engineering stock appears to be undervalued.
The current stock price of 円1,545.00 is trading 3.2% below its estimated GF Value™ of 円1,595.89.
GuruFocus considers Showa System Engineering to be Fairly Valued.
Key valuation signals for TSE:4752:
ROC (Joel Greenblatt) %: 189.49% (36% below median its 10-year median of 297.58)
GF Value™: 円1,595.89 vs. price of 円1,545.00 (3.2% below fair value)
Industry Position: 846% above the Software median (#414 of 2816)
No single metric tells the full story. See the TSE:4752 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Showa System Engineering Corp is engaged in development of information systems, system integration, consulting, software design, and development related to corporate computer systems. The company also provides business support services to various industries, such as administrative services for financial institutions, medical checkup reservations, and scanning services.
75GF Score
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