RVH (TSE:6786) ROC (Joel Greenblatt) %: 621.44% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:6786 RVH Inc TSE:6786
53 GF Score
Price 円48.00
GF Value 円50.57
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is RVH ROC (Joel Greenblatt) %?

RVH TSE:6786 53 ROC (Joel Greenblatt) % is 621.44% as of Mar. 2026. GuruFocus rates TSE:6786 with a GF Score™ of 53/100 and a GF Value™ of 円50.57 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,815 Software companies, RVH ranks better than 76.52% 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. RVH's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 621.44%.

The historical rank and industry rank for RVH's ROC (Joel Greenblatt) % or its related term are showing as below:

TSE:6786' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -325.48   Med: -41.04   Max: 125.97
Current: 125.97

During the past 13 years, RVH's highest ROC (Joel Greenblatt) % was 125.97%. The lowest was -325.48%. And the median was -41.04%.

TSE:6786's ROC (Joel Greenblatt) % is ranked better than
76.52% of 2815 companies
in the Software industry
Industry Median: 20.05 vs TSE:6786: 125.97

RVH's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


RVH  (TSE:6786) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


RVH ROC (Joel Greenblatt) % Related Terms


RVH ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for RVH'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.

RVH ROC (Joel Greenblatt) % Chart

RVH Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -45.68 -43.79 -325.48 -308.81 95.38

RVH Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -554.58 -34.80 -390.46 -1,719.48 621.44

TSE:6786 vs QH, SHOP, UBER: ROC (Joel Greenblatt) % Comparison

For the Software - Application subindustry, RVH'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.


RVH ROC (Joel Greenblatt) % vs Software Industry

For the Software industry and Technology sector, RVH's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where RVH's ROC (Joel Greenblatt) % falls into.


TSE:6786
53GF Score
RVH Inc TSE:6786
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RVH 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(123.923 + 55.664 + 1149.652) - (13.792 + 0 + 1402.505)
=-87.058

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(269.067 + 53.125 + 475.841) - (119.217 + 0 + 608.686)
=70.13

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of RVH for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=315.078/( ( (13.561 + max(-87.058, 0)) + (17.712 + max(70.13, 0)) )/ 2 )
=315.078/( ( 13.561 + 87.842 )/ 2 )
=315.078/50.7015
=621.44 %

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 621.44% mean?
RVH (TSE:6786) has a ROC (Joel Greenblatt) % of 621.44% 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 RVH and its competitors. According to the industry distribution chart, RVH ranks #661 out of 2815 companies in the Software industry, placing it in the top 23.5%.
Is RVH's ROC (Joel Greenblatt) % too high?
RVH's current ROC (Joel Greenblatt) % is 621.44%. The Software industry median ROC (Joel Greenblatt) % is 20.05. RVH's value of 621.44% is 2999.5% above this industry median. Based on the distribution chart, RVH ranks #661 out of 2815 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, RVH has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does RVH's ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, RVH ranks #661 out of 2815 companies for ROC (Joel Greenblatt) %. This places RVH in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.05. RVH's value of 621.44% is 2999.5% above this benchmark. 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.05, based on 2,815 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. RVH's current ROC (Joel Greenblatt) % of 621.44% is 2999.5% 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 RVH and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RVH's current ROC (Joel Greenblatt) % is 621.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RVH stock overvalued right now?
Based on GuruFocus' analysis, RVH (TSE:6786) is currently considered Fairly Valued. The stock's GF Value™ is 円50.57, compared to a current price of 円48.00 — trading 5.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 621.44% and 2999.5% above the Software industry median of 20.05. RVH's overall GF Score™ is 53/100 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 RVH (TSE:6786), the current ROC (Joel Greenblatt) % is 621.44% 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 RVH (TSE:6786) Overvalued in 2026?

Based on GuruFocus' analysis, RVH stock appears to be undervalued. The current stock price of 円48.00 is trading 5.1% below its estimated GF Value™ of 円50.57. GuruFocus considers RVH to be Fairly Valued.

Key valuation signals for TSE:6786:

  • ROC (Joel Greenblatt) %: 621.44%
  • GF Value™: 円50.57 vs. price of 円48.00 (5.1% below fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 2999.5% above the Software median (#661 of 2815)

No single metric tells the full story. See the TSE:6786 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RVH Business Description

Address 5-28 Akasaka, 8-chome, 2nd Floor, Axia Aoyama, Minato-ku, Tokyo, JPN, 107-0052
RVH Inc provides medical imaging software and solutions, including monitor system enhancement equipment, calibration sensors, medical imaging graphic boards. The company segment includes System Development, Renewable Energy, Asset management related business, and Others.
53GF Score

Get the complete analysis for TSE:6786

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円48.00
Price
円50.57
GF Value