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BushiroadTSE:7803 -0.50%76 ROC (Joel Greenblatt) % is 82.32% as of Mar. 2026, which is 36% below its 10-year median of 128.64. GuruFocus rates TSE:7803 with a GF Score™ of 76/100 and a GF Value™ of 円294.21 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 545 Interactive Media companies, Bushiroad ranks better than 67.89% 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. Bushiroad's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 82.32%.
The historical rank and industry rank for Bushiroad's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:7803'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.67 Med: 128.64 Max: 277.45
Current: 109.4
During the past 9 years, Bushiroad's highest ROC (Joel Greenblatt) % was 277.45%. The lowest was 14.67%. And the median was 128.64%.
TSE:7803's ROC (Joel Greenblatt) % is ranked better than 67.89% of 545
companies
in the Interactive Media industry
Industry Median: 22.01
vs TSE:7803: 109.40
Bushiroad's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.40% 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 Bushiroad'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:7803 vs NTES, EA, TTWO: ROC (Joel Greenblatt) % Comparison
For the Electronic Gaming & Multimedia subindustry, Bushiroad'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.
Bushiroad ROC (Joel Greenblatt) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Bushiroad's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bushiroad'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 (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 82.32% mean?
Bushiroad (TSE:7803) has a ROC (Joel Greenblatt) % of 82.32% 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 Bushiroad and its competitors. This is 36% below median its historical median of 128.64. Over the past decade, Bushiroad's ROC (Joel Greenblatt) % has ranged from 14.67 to 277.45. According to the industry distribution chart, Bushiroad ranks #175 out of 545 companies in the Interactive Media industry, placing it in the top 32.1%.
Is Bushiroad's ROC (Joel Greenblatt) % too high?
Bushiroad's current ROC (Joel Greenblatt) % of 82.32% is 36% below median its 10-year median of 128.64. Over the past 10 years, this metric has ranged from a low of 14.67 to a high of 277.45. The Interactive Media industry median ROC (Joel Greenblatt) % is 22.01. Bushiroad's value of 82.32% is 274% above this industry median. Based on the distribution chart, Bushiroad ranks #175 out of 545 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Bushiroad has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bushiroad's ROC (Joel Greenblatt) % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Bushiroad ranks #175 out of 545 companies for ROC (Joel Greenblatt) %. This puts Bushiroad in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 22.01. Bushiroad's value of 82.32% is 274% above this benchmark. Historically, Bushiroad's own ROC (Joel Greenblatt) % has ranged from 14.67 to 277.45 over the past decade. While the company's 10-year median is 128.64 vs. the industry median of 22.01, Bushiroad 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 an Interactive Media company?
The median ROC (Joel Greenblatt) % among Interactive Media companies is 22.01, based on 545 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. Bushiroad's current ROC (Joel Greenblatt) % of 82.32% is 274% 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 Bushiroad and its competitors. For the Interactive Media industry, the median ROC (Joel Greenblatt) % is 22.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bushiroad's current ROC (Joel Greenblatt) % is 82.32%, which is 36% below median its own 10-year median of 128.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bushiroad stock overvalued right now?
Based on GuruFocus' analysis, Bushiroad (TSE:7803) is currently considered Significantly Overvalued. The stock's GF Value™ is 円294.21, compared to a current price of 円402.00 — trading 36.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 82.32%, which is 36% below median its 10-year median of 128.64 and 274% above the Interactive Media industry median of 22.01. Bushiroad's overall GF Score™ is 76/100 with 6 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 Bushiroad (TSE:7803), the current ROC (Joel Greenblatt) % is 82.32% 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 Bushiroad (TSE:7803) Overvalued in 2026?
Based on GuruFocus' analysis, Bushiroad stock appears to be overvalued.
The current stock price of 円402.00 is trading 36.6% above its estimated GF Value™ of 円294.21.
GuruFocus considers Bushiroad to be Significantly Overvalued.
Key valuation signals for TSE:7803:
ROC (Joel Greenblatt) %: 82.32% (36% below median its 10-year median of 128.64)
GF Value™: 円294.21 vs. price of 円402.00 (36.6% above fair value)
Industry Position: 274% above the Interactive Media median (#175 of 545)
No single metric tells the full story. See the TSE:7803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bushiroad Inc is engaged in the development, manufacturing and sales of trading card games using various IPs, mobile online games, video and music contents, events and goods.
76GF Score
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