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for StartupsTSE:7089 +2.03%92 ROC (Joel Greenblatt) % is 311.24% as of Mar. 2026, which is 48% above its 10-year median of 210.48. GuruFocus rates TSE:7089 with a GF Score™ of 92/100 and a GF Value™ of 円1,293.26 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,080 Business Services companies, for Startups ranks better than 88.52% 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. for Startups's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 311.24%.
The historical rank and industry rank for for Startups's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:7089'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 77.75 Med: 210.48 Max: 618.3
Current: 200.61
During the past 9 years, for Startups's highest ROC (Joel Greenblatt) % was 618.30%. The lowest was 77.75%. And the median was 210.48%.
TSE:7089's ROC (Joel Greenblatt) % is ranked better than 88.52% of 1080
companies
in the Business Services industry
Industry Median: 21.085
vs TSE:7089: 200.61
for Startups's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -11.50% per year.
for Startups (TSE:7089) 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.
for Startups ROC (Joel Greenblatt) % Related Terms
for Startups ROC (Joel Greenblatt) % Historical Data
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The historical data trend for for Startups'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:7089 vs KFY, RHI, TNET: ROC (Joel Greenblatt) % Comparison
For the Staffing & Employment Services subindustry, for Startups'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.
for Startups ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, for Startups's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where for Startups'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 311.24% mean?
for Startups (TSE:7089) has a ROC (Joel Greenblatt) % of 311.24% 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 for Startups and its competitors. This is 48% above median its historical median of 210.48. Over the past decade, for Startups' ROC (Joel Greenblatt) % has ranged from 77.75 to 618.30. According to the industry distribution chart, for Startups ranks #124 out of 1080 companies in the Business Services industry, placing it in the top 11.5%.
Is for Startups' ROC (Joel Greenblatt) % too high?
for Startups' current ROC (Joel Greenblatt) % of 311.24% is 48% above median its 10-year median of 210.48. Over the past 10 years, this metric has ranged from a low of 77.75 to a high of 618.30. The Business Services industry median ROC (Joel Greenblatt) % is 21.09. for Startups' value of 311.24% is 1376.1% above this industry median. Based on the distribution chart, for Startups ranks #124 out of 1080 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, for Startups has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does for Startups' ROC (Joel Greenblatt) % compare to KFY and RHI?
According to the Business Services industry distribution chart, for Startups ranks #124 out of 1080 companies for ROC (Joel Greenblatt) %. This places for Startups in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 21.09. for Startups' value of 311.24% is 1376.1% above this benchmark. Historically, for Startups' own ROC (Joel Greenblatt) % has ranged from 77.75 to 618.30 over the past decade. While the company's 10-year median is 210.48 vs. the industry median of 21.09, for Startups 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 21.09, 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. for Startups's current ROC (Joel Greenblatt) % of 311.24% is 1376.1% 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 for Startups and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. for Startups's current ROC (Joel Greenblatt) % is 311.24%, which is 48% above median its own 10-year median of 210.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is for Startups stock overvalued right now?
Based on GuruFocus' analysis, for Startups (TSE:7089) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,293.26, compared to a current price of 円1,607.00 — trading 24.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 311.24%, which is 48% above median its 10-year median of 210.48 and 1376.1% above the Business Services industry median of 21.09. for Startups' overall GF Score™ is 92/100 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 for Startups (TSE:7089), the current ROC (Joel Greenblatt) % is 311.24% 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 for Startups (TSE:7089) Overvalued in 2026?
Based on GuruFocus' analysis, for Startups stock appears to be overvalued.
The current stock price of 円1,607.00 is trading 24.3% above its estimated GF Value™ of 円1,293.26.
GuruFocus considers for Startups to be Modestly Overvalued.
Key valuation signals for TSE:7089:
ROC (Joel Greenblatt) %: 311.24% (48% above median its 10-year median of 210.48)
GF Value™: 円1,293.26 vs. price of 円1,607.00 (24.3% above fair value)
Industry Position: 1376.1% above the Business Services median (#124 of 1080)
No single metric tells the full story. See the TSE:7089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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