Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Noevir Holdings CoTSE:4928 +2.59%84 ROC (Joel Greenblatt) % is 27.42% as of Dec. 2025, which is 20% below its 10-year median of 34.07. GuruFocus rates TSE:4928 with a GF Score™ of 84/100 and a GF Value™ of 円5,267.87 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,981 Consumer Packaged Goods companies, Noevir Holdings Co ranks better than 79.81% 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. Noevir Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 27.42%.
The historical rank and industry rank for Noevir Holdings Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4928'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 24.02 Med: 34.07 Max: 36.38
Current: 30.72
During the past 13 years, Noevir Holdings Co's highest ROC (Joel Greenblatt) % was 36.38%. The lowest was 24.02%. And the median was 34.07%.
TSE:4928's ROC (Joel Greenblatt) % is ranked better than 79.81% of 1981
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs TSE:4928: 30.72
Noevir Holdings Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.00% per year.
Noevir Holdings Co (TSE:4928) 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.
Noevir Holdings Co ROC (Joel Greenblatt) % Related Terms
Noevir Holdings Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Noevir Holdings 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:4928 vs PG, CL, KVUE: ROC (Joel Greenblatt) % Comparison
For the Household & Personal Products subindustry, Noevir Holdings 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.
Noevir Holdings Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Noevir Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Noevir Holdings Co's ROC (Joel Greenblatt) % falls into.
Noevir Holdings 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 (Dec. 2025) 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 27.42% mean?
Noevir Holdings Co (TSE:4928) has a ROC (Joel Greenblatt) % of 27.42% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Noevir Holdings Co and its competitors. This is 20% below median its historical median of 34.07. Over the past decade, Noevir Holdings Co's ROC (Joel Greenblatt) % has ranged from 24.02 to 36.38. According to the industry distribution chart, Noevir Holdings Co ranks #400 out of 1981 companies in the Consumer Packaged Goods industry, placing it in the top 20.2%.
Is Noevir Holdings Co's ROC (Joel Greenblatt) % too high?
Noevir Holdings Co's current ROC (Joel Greenblatt) % of 27.42% is 20% below median its 10-year median of 34.07. Over the past 10 years, this metric has ranged from a low of 24.02 to a high of 36.38. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Noevir Holdings Co's value of 27.42% is 128.7% above this industry median. Based on the distribution chart, Noevir Holdings Co ranks #400 out of 1981 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Noevir Holdings Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Noevir Holdings Co's ROC (Joel Greenblatt) % compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Noevir Holdings Co ranks #400 out of 1981 companies for ROC (Joel Greenblatt) %. This places Noevir Holdings Co in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Noevir Holdings Co's value of 27.42% is 128.7% above this benchmark. Historically, Noevir Holdings Co's own ROC (Joel Greenblatt) % has ranged from 24.02 to 36.38 over the past decade. While the company's 10-year median is 34.07 vs. the industry median of 11.99, Noevir Holdings Co 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,981 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. Noevir Holdings Co's current ROC (Joel Greenblatt) % of 27.42% is 128.7% 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 Noevir Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noevir Holdings Co's current ROC (Joel Greenblatt) % is 27.42%, which is 20% below median its own 10-year median of 34.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noevir Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Noevir Holdings Co (TSE:4928) is currently considered Fairly Valued. The stock's GF Value™ is 円5,267.87, compared to a current price of 円4,955.00 — trading 5.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 27.42%, which is 20% below median its 10-year median of 34.07 and 128.7% above the Consumer Packaged Goods industry median of 11.99. Noevir Holdings Co's overall GF Score™ is 84/100 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 Noevir Holdings Co (TSE:4928), the current ROC (Joel Greenblatt) % is 27.42% as of Dec. 2025. 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 Noevir Holdings Co (TSE:4928) Overvalued in 2026?
Based on GuruFocus' analysis, Noevir Holdings Co stock appears to be undervalued.
The current stock price of 円4,955.00 is trading 5.9% below its estimated GF Value™ of 円5,267.87.
GuruFocus considers Noevir Holdings Co to be Fairly Valued.
Key valuation signals for TSE:4928:
ROC (Joel Greenblatt) %: 27.42% (20% below median its 10-year median of 34.07)
GF Value™: 円5,267.87 vs. price of 円4,955.00 (5.9% below fair value)
Industry Position: 128.7% above the Consumer Packaged Goods median (#400 of 1981)
No single metric tells the full story. See the TSE:4928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noevir Holdings Co Ltd is a Japan-based company that is principally engaged in two businesses: cosmetics and pharmaceuticals and health food. The cosmetics business produces and offers skincare and makeup products under a number of brands, like Noevir, NOV, and Sana. The pharmaceuticals and health food business develops, produces, and sells a broad range-of-products, including Nanten Nodo Ame cough drops, functional drinks, and other over-the-counter pharmaceuticals, such as cold remedies and eye drops, and health food products as well. These two businesses jointly contribute the majority of the company's revenue. The company also operates apparel and aircraft sales and leasing. The company has a presence in many countries across the world and focuses on developing Asian markets.
84GF Score
Get the complete analysis for TSE:4928
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4928 has been successfully added to your 
