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.
Zenhoren CoTSE:5845 +0.10%39 ROC (Joel Greenblatt) % is 609.32% as of Mar. 2026, which is 462% above its 10-year median of 108.40. GuruFocus rates TSE:5845 with a GF Score™ of 39/100 and a GF Value™ of 円886.09 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,080 Business Services companies, Zenhoren Co ranks better than 94.26% 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. Zenhoren Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 609.32%.
The historical rank and industry rank for Zenhoren Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:5845'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 49.77 Med: 108.4 Max: 474.21
Current: 474.21
During the past 5 years, Zenhoren Co's highest ROC (Joel Greenblatt) % was 474.21%. The lowest was 49.77%. And the median was 108.40%.
TSE:5845's ROC (Joel Greenblatt) % is ranked better than 94.26% of 1080
companies
in the Business Services industry
Industry Median: 21.21
vs TSE:5845: 474.21
Zenhoren Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Zenhoren Co (TSE:5845) 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.
Zenhoren Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Zenhoren 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:5845 vs CTAS, CPRT, GPN: ROC (Joel Greenblatt) % Comparison
For the Specialty Business Services subindustry, Zenhoren 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.
Zenhoren Co ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Zenhoren Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zenhoren Co'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 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 609.32% mean?
Zenhoren Co (TSE:5845) has a ROC (Joel Greenblatt) % of 609.32% 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 Zenhoren Co and its competitors. This is 462% above median its historical median of 108.40. Over the past decade, Zenhoren Co's ROC (Joel Greenblatt) % has ranged from 49.77 to 474.21. According to the industry distribution chart, Zenhoren Co ranks #62 out of 1080 companies in the Business Services industry, placing it in the top 5.7%.
Is Zenhoren Co's ROC (Joel Greenblatt) % too high?
Zenhoren Co's current ROC (Joel Greenblatt) % of 609.32% is 462% above median its 10-year median of 108.40. Over the past 10 years, this metric has ranged from a low of 49.77 to a high of 474.21. The Business Services industry median ROC (Joel Greenblatt) % is 21.21. Zenhoren Co's value of 609.32% is 2772.8% above this industry median. Based on the distribution chart, Zenhoren Co ranks #62 out of 1080 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Zenhoren Co has a GF Score™ of 39/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zenhoren Co's ROC (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Zenhoren Co ranks #62 out of 1080 companies for ROC (Joel Greenblatt) %. This places Zenhoren Co in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 21.21. Zenhoren Co's value of 609.32% is 2772.8% above this benchmark. Historically, Zenhoren Co's own ROC (Joel Greenblatt) % has ranged from 49.77 to 474.21 over the past decade. While the company's 10-year median is 108.40 vs. the industry median of 21.21, Zenhoren 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.21, based on 1,080 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. Zenhoren Co's current ROC (Joel Greenblatt) % of 609.32% is 2772.8% 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 Zenhoren Co and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zenhoren Co's current ROC (Joel Greenblatt) % is 609.32%, which is 462% above median its own 10-year median of 108.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenhoren Co stock overvalued right now?
Based on GuruFocus' analysis, Zenhoren Co (TSE:5845) is currently considered Modestly Overvalued. The stock's GF Value™ is 円886.09, compared to a current price of 円1,020.00 — trading 15.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 609.32%, which is 462% above median its 10-year median of 108.40 and 2772.8% above the Business Services industry median of 21.21. Zenhoren Co's overall GF Score™ is 39/100 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 Zenhoren Co (TSE:5845), the current ROC (Joel Greenblatt) % is 609.32% 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 Zenhoren Co (TSE:5845) Overvalued in 2026?
Based on GuruFocus' analysis, Zenhoren Co stock appears to be overvalued.
The current stock price of 円1,020.00 is trading 15.1% above its estimated GF Value™ of 円886.09.
GuruFocus considers Zenhoren Co to be Modestly Overvalued.
Key valuation signals for TSE:5845:
ROC (Joel Greenblatt) %: 609.32% (462% above median its 10-year median of 108.40)
GF Value™: 円886.09 vs. price of 円1,020.00 (15.1% above fair value)
Industry Position: 2772.8% above the Business Services median (#62 of 1080)
No single metric tells the full story. See the TSE:5845 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zenhoren Co Ltd is engaged in the rent liability guarantee business, providing rent guarantee services for residential properties with coverage of up to 24 months rent, including monthly rent, moving-out settlement fees, and tenant accident expense insurance. For business use, the Z-Business NEO service covers stores and offices with guarantees up to 24 months rent. The company also offers guarantees for parking lots and trunk rooms, the Z-value service for combined rent guarantee and fire insurance via smartphone, and Z-WEB/Z-WEB2.0 for centralized management by real estate companies. In addition, Zenhoren provides Z-College Support (tuition guarantee), enabling vocational schools and students to pay tuition fees in installments.
39GF Score
Get the complete analysis for TSE:5845
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:5845 has been successfully added to your 
