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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. Hirakawa Hewtech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -12.09%.
The historical rank and industry rank for Hirakawa Hewtech's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:5821'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.49 Med: 11.74 Max: 19.42
Current: 12.38
During the past 13 years, Hirakawa Hewtech's highest ROC (Joel Greenblatt) % was 19.42%. The lowest was 6.49%. And the median was 11.74%.
TSE:5821's ROC (Joel Greenblatt) % is ranked worse than 58.88% of 552
companies
in the Conglomerates industry
Industry Median: 14.865
vs TSE:5821: 12.38
Hirakawa Hewtech's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.20% per year.
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.
Hirakawa Hewtech ROC (Joel Greenblatt) % Related Terms
Hirakawa Hewtech ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Hirakawa Hewtech'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:5821 vs MMM, HON: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Hirakawa Hewtech'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.
Hirakawa Hewtech ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hirakawa Hewtech's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hirakawa Hewtech'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 -12.09% mean?
Hirakawa Hewtech (TSE:5821) has a ROC (Joel Greenblatt) % of -12.09% 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 Hirakawa Hewtech and its competitors. Over the past decade, Hirakawa Hewtech's ROC (Joel Greenblatt) % has ranged from 6.49 to 19.42. According to the industry distribution chart, Hirakawa Hewtech ranks #325 out of 552 companies in the Conglomerates industry, placing it in the top 58.9%.
Is Hirakawa Hewtech's ROC (Joel Greenblatt) % too high?
Hirakawa Hewtech's current ROC (Joel Greenblatt) % is -12.09%. Over the past 10 years, this metric has ranged from a low of 6.49 to a high of 19.42. Based on the distribution chart, Hirakawa Hewtech ranks #325 out of 552 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Hirakawa Hewtech has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hirakawa Hewtech's ROC (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Hirakawa Hewtech ranks #325 out of 552 companies for ROC (Joel Greenblatt) %. This places Hirakawa Hewtech in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.87. Historically, Hirakawa Hewtech's own ROC (Joel Greenblatt) % has ranged from 6.49 to 19.42 over the past decade. 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.87, based on 552 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. 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 Hirakawa Hewtech and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hirakawa Hewtech's current ROC (Joel Greenblatt) % is -12.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hirakawa Hewtech stock overvalued right now?
Based on GuruFocus' analysis, Hirakawa Hewtech (TSE:5821) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,947.06, compared to a current price of 円3,430.00 — trading 76.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is -12.09%. Hirakawa Hewtech's overall GF Score™ is 73/100. 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 Hirakawa Hewtech (TSE:5821), the current ROC (Joel Greenblatt) % is -12.09% 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 Hirakawa Hewtech (TSE:5821) Overvalued in 2026?
Based on GuruFocus' analysis, Hirakawa Hewtech stock appears to be overvalued.
The current stock price of 円3,430.00 is trading 76.2% above its estimated GF Value™ of 円1,947.06.
GuruFocus considers Hirakawa Hewtech to be Significantly Overvalued.
Key valuation signals for TSE:5821:
ROC (Joel Greenblatt) %: -12.09%
GF Value™: 円1,947.06 vs. price of 円3,430.00 (76.2% above fair value)
No single metric tells the full story. See the TSE:5821 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hirakawa Hewtech Corp is a Japan-based company. It is mainly engaged in the manufacture and sale of electric wires, cables, electrical equipment, and medical equipment. The company is also engaged in the design, construction, supervision and contracting of electrical work and telecommunications construction. Electrical products offered by the company include micro coaxial cable, interface cable, broadcast cable, and high-frequency coaxial cable. Medical equipment offerings include industry tube and medical tube. Hirakawa Hewtech is also engaged in real estate management and leasing.
73GF Score
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