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EbrainsTSE:6599 -2.00%85 ROC (Joel Greenblatt) % is 30.69% as of Mar. 2026, which is 38% above its 10-year median of 22.31. GuruFocus rates TSE:6599 with a GF Score™ of 85/100 and a GF Value™ of 円2,394.42 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,491 Hardware companies, Ebrains ranks better than 75.91% 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. Ebrains's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.69%.
The historical rank and industry rank for Ebrains's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:6599'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.75 Med: 22.31 Max: 30.21
Current: 27.77
During the past 9 years, Ebrains's highest ROC (Joel Greenblatt) % was 30.21%. The lowest was 15.75%. And the median was 22.31%.
TSE:6599's ROC (Joel Greenblatt) % is ranked better than 75.91% of 2491
companies
in the Hardware industry
Industry Median: 10.43
vs TSE:6599: 27.77
Ebrains'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.
The historical data trend for Ebrains'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:6599 vs DELL, ANET, SNDK: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, Ebrains'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.
Ebrains ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Ebrains's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ebrains'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 30.69% mean?
Ebrains (TSE:6599) has a ROC (Joel Greenblatt) % of 30.69% 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 Ebrains and its competitors. This is 38% above median its historical median of 22.31. Over the past decade, Ebrains' ROC (Joel Greenblatt) % has ranged from 15.75 to 30.21. According to the industry distribution chart, Ebrains ranks #600 out of 2491 companies in the Hardware industry, placing it in the top 24.1%.
Is Ebrains' ROC (Joel Greenblatt) % too high?
Ebrains' current ROC (Joel Greenblatt) % of 30.69% is 38% above median its 10-year median of 22.31. Over the past 10 years, this metric has ranged from a low of 15.75 to a high of 30.21. The Hardware industry median ROC (Joel Greenblatt) % is 10.43. Ebrains' value of 30.69% is 194.2% above this industry median. Based on the distribution chart, Ebrains ranks #600 out of 2491 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ebrains has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ebrains' ROC (Joel Greenblatt) % compare to DELL and ANET?
According to the Hardware industry distribution chart, Ebrains ranks #600 out of 2491 companies for ROC (Joel Greenblatt) %. This places Ebrains in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.43. Ebrains' value of 30.69% is 194.2% above this benchmark. Historically, Ebrains' own ROC (Joel Greenblatt) % has ranged from 15.75 to 30.21 over the past decade. While the company's 10-year median is 22.31 vs. the industry median of 10.43, Ebrains 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.43, based on 2,491 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. Ebrains's current ROC (Joel Greenblatt) % of 30.69% is 194.2% 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 Ebrains and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ebrains's current ROC (Joel Greenblatt) % is 30.69%, which is 38% above median its own 10-year median of 22.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ebrains stock overvalued right now?
Based on GuruFocus' analysis, Ebrains (TSE:6599) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,394.42, compared to a current price of 円2,940.00 — trading 22.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 30.69%, which is 38% above median its 10-year median of 22.31 and 194.2% above the Hardware industry median of 10.43. Ebrains' overall GF Score™ is 85/100 with 3 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 Ebrains (TSE:6599), the current ROC (Joel Greenblatt) % is 30.69% 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 Ebrains (TSE:6599) Overvalued in 2026?
Based on GuruFocus' analysis, Ebrains stock appears to be overvalued.
The current stock price of 円2,940.00 is trading 22.8% above its estimated GF Value™ of 円2,394.42.
GuruFocus considers Ebrains to be Modestly Overvalued.
Key valuation signals for TSE:6599:
ROC (Joel Greenblatt) %: 30.69% (38% above median its 10-year median of 22.31)
GF Value™: 円2,394.42 vs. price of 円2,940.00 (22.8% above fair value)
Industry Position: 194.2% above the Hardware median (#600 of 2491)
No single metric tells the full story. See the TSE:6599 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ebrains Inc is a developer, prototyper, designer, and mass-producer of electronic equipment, centering on backplanes, bus racks, and system chassis of industrial electronic equipment. The company also provides computers for information, communication, control, video, and measurement fields.
85GF Score
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