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AdventureTSE:6030 +1.17%52 ROC (Joel Greenblatt) % is 172.64% as of Dec. 2025, which is 7% above its 10-year median of 161.73. GuruFocus rates TSE:6030 with a GF Score™ of 52/100 and a GF Value™ of 円4,332.74 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 847 Travel & Leisure companies, Adventure ranks worse than 95.75% 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. Adventure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 172.64%.
The historical rank and industry rank for Adventure's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:6030'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -195.16 Med: 161.73 Max: 2690.02
Current: -195.16
During the past 12 years, Adventure's highest ROC (Joel Greenblatt) % was 2690.02%. The lowest was -195.16%. And the median was 161.73%.
TSE:6030's ROC (Joel Greenblatt) % is ranked worse than 95.75% of 847
companies
in the Travel & Leisure industry
Industry Median: 10.29
vs TSE:6030: -195.16
Adventure's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
The historical data trend for Adventure'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:6030 vs BKNG, ABNB, RCL: ROC (Joel Greenblatt) % Comparison
For the Travel Services subindustry, Adventure'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.
Adventure ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Adventure's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Adventure'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 (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 172.64% mean?
Adventure (TSE:6030) has a ROC (Joel Greenblatt) % of 172.64% 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 Adventure and its competitors. This is near median its historical median of 161.73. According to the industry distribution chart, Adventure ranks #811 out of 847 companies in the Travel & Leisure industry, placing it in the top 95.7%.
Is Adventure's ROC (Joel Greenblatt) % too high?
Adventure's current ROC (Joel Greenblatt) % of 172.64% is near median its 10-year median of 161.73. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.29. Adventure's value of 172.64% is 1577.7% above this industry median. Based on the distribution chart, Adventure ranks #811 out of 847 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Adventure has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Adventure's ROC (Joel Greenblatt) % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Adventure ranks #811 out of 847 companies for ROC (Joel Greenblatt) %. This places Adventure in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.29. Adventure's value of 172.64% is 1577.7% above this benchmark. While the company's 10-year median is 161.73 vs. the industry median of 10.29, Adventure 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.29, based on 847 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. Adventure's current ROC (Joel Greenblatt) % of 172.64% is 1577.7% 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 Adventure and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adventure's current ROC (Joel Greenblatt) % is 172.64%, which is near median its own 10-year median of 161.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure stock overvalued right now?
Based on GuruFocus' analysis, Adventure (TSE:6030) is currently considered Possible Value Trap. The stock's GF Value™ is 円4,332.74, compared to a current price of 円1,649.00 — trading 61.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 172.64%, which is near median its 10-year median of 161.73 and 1577.7% above the Travel & Leisure industry median of 10.29. Adventure's overall GF Score™ is 52/100 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 Adventure (TSE:6030), the current ROC (Joel Greenblatt) % is 172.64% 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 Adventure (TSE:6030) Overvalued in 2026?
Based on GuruFocus' analysis, Adventure stock appears to be undervalued.
The current stock price of 円1,649.00 is trading 61.9% below its estimated GF Value™ of 円4,332.74.
GuruFocus considers Adventure to be Possible Value Trap.
Key valuation signals for TSE:6030:
ROC (Joel Greenblatt) %: 172.64% (near median its 10-year median of 161.73)
GF Value™: 円4,332.74 vs. price of 円1,649.00 (61.9% below fair value)
Industry Position: 1577.7% above the Travel & Leisure median (#811 of 847)
No single metric tells the full story. See the TSE:6030 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adventure Inc engages in the provision of online travel services. It operates Skyticket and WANNATRIP website portals. The Skyticket website portal offers online ticket booking services for multiple airlines, both domestic and overseas. The WANNATRIP website portal offers package tours and cruise travel to various destinations.
52GF Score
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