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Nihon Enterprise CoTSE:4829 +0.96%64 ROC (Joel Greenblatt) % is 17.54% as of Feb. 2026, which is 64% below its 10-year median of 49.36. GuruFocus rates TSE:4829 with a GF Score™ of 64/100 and a GF Value™ of 円120.68 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,817 Software companies, Nihon Enterprise Co ranks better than 52.54% 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. Nihon Enterprise Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 17.54%.
The historical rank and industry rank for Nihon Enterprise Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4829'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.93 Med: 49.36 Max: 68.8
Current: 26.89
During the past 13 years, Nihon Enterprise Co's highest ROC (Joel Greenblatt) % was 68.80%. The lowest was 18.93%. And the median was 49.36%.
TSE:4829's ROC (Joel Greenblatt) % is ranked better than 52.54% of 2817
companies
in the Software industry
Industry Median: 20.25
vs TSE:4829: 26.89
Nihon Enterprise Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.90% per year.
Nihon Enterprise Co (TSE:4829) 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.
Nihon Enterprise Co ROC (Joel Greenblatt) % Related Terms
Nihon Enterprise Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Nihon Enterprise 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:4829 vs QH, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Nihon Enterprise 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.
Nihon Enterprise Co ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Nihon Enterprise Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nihon Enterprise Co's ROC (Joel Greenblatt) % falls into.
Nihon Enterprise 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 (Feb. 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 17.54% mean?
Nihon Enterprise Co (TSE:4829) has a ROC (Joel Greenblatt) % of 17.54% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Nihon Enterprise Co and its competitors. This is 64% below median its historical median of 49.36. Over the past decade, Nihon Enterprise Co's ROC (Joel Greenblatt) % has ranged from 18.93 to 68.80. According to the industry distribution chart, Nihon Enterprise Co ranks #1337 out of 2817 companies in the Software industry, placing it in the top 47.5%.
Is Nihon Enterprise Co's ROC (Joel Greenblatt) % too high?
Nihon Enterprise Co's current ROC (Joel Greenblatt) % of 17.54% is 64% below median its 10-year median of 49.36. Over the past 10 years, this metric has ranged from a low of 18.93 to a high of 68.80. The Software industry median ROC (Joel Greenblatt) % is 20.25. Nihon Enterprise Co's value of 17.54% is 13.4% below this industry median. Based on the distribution chart, Nihon Enterprise Co ranks #1337 out of 2817 companies in the Software industry, which is above the industry midpoint. Overall, Nihon Enterprise Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Enterprise Co's ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, Nihon Enterprise Co ranks #1337 out of 2817 companies for ROC (Joel Greenblatt) %. This puts Nihon Enterprise Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.25. Nihon Enterprise Co's value of 17.54% is 13.4% below this benchmark. Historically, Nihon Enterprise Co's own ROC (Joel Greenblatt) % has ranged from 18.93 to 68.80 over the past decade. While the company's 10-year median is 49.36 vs. the industry median of 20.25, Nihon Enterprise 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.25, based on 2,817 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. Nihon Enterprise Co's current ROC (Joel Greenblatt) % of 17.54% is 13.4% 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 Nihon Enterprise Co and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Enterprise Co's current ROC (Joel Greenblatt) % is 17.54%, which is 64% below median its own 10-year median of 49.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Enterprise Co (TSE:4829) is currently considered Modestly Undervalued. The stock's GF Value™ is 円120.68, compared to a current price of 円105.00 — trading 13% below its estimated fair value. The current ROC (Joel Greenblatt) % is 17.54%, which is 64% below median its 10-year median of 49.36 and 13.4% below the Software industry median of 20.25. Nihon Enterprise Co's overall GF Score™ is 64/100 with 5 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 Nihon Enterprise Co (TSE:4829), the current ROC (Joel Greenblatt) % is 17.54% as of Feb. 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 Nihon Enterprise Co (TSE:4829) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Enterprise Co stock appears to be undervalued.
The current stock price of 円105.00 is trading 13% below its estimated GF Value™ of 円120.68.
GuruFocus considers Nihon Enterprise Co to be Modestly Undervalued.
Key valuation signals for TSE:4829:
ROC (Joel Greenblatt) %: 17.54% (64% below median its 10-year median of 49.36)
GF Value™: 円120.68 vs. price of 円105.00 (13% below fair value)
Industry Position: 13.4% below the Software median (#1337 of 2817)
No single metric tells the full story. See the TSE:4829 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Enterprise Co Ltd is engaged in the planning, development, and management of smartphone apps for consumers, development and sale of business support applications, cloud services, contract development of applications, and advertisement proxy services.
64GF Score
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