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Daiko XtechTSE:8023 -0.10%69 ROC (Joel Greenblatt) % is 73.08% as of Mar. 2026, which is 99% above its 10-year median of 36.65. GuruFocus rates TSE:8023 with a GF Score™ of 69/100 and a GF Value™ of 円946.79 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,491 Hardware companies, Daiko Xtech ranks better than 89.16% 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. Daiko Xtech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 73.08%.
The historical rank and industry rank for Daiko Xtech's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:8023'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.81 Med: 36.65 Max: 78.63
Current: 57.37
During the past 13 years, Daiko Xtech's highest ROC (Joel Greenblatt) % was 78.63%. The lowest was -8.81%. And the median was 36.65%.
TSE:8023's ROC (Joel Greenblatt) % is ranked better than 89.16% of 2491
companies
in the Hardware industry
Industry Median: 10.49
vs TSE:8023: 57.37
Daiko Xtech'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.
Daiko Xtech ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Daiko Xtech'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:8023 vs SNX, ARW, AVT: ROC (Joel Greenblatt) % Comparison
For the Electronics & Computer Distribution subindustry, Daiko Xtech'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.
Daiko Xtech ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Daiko Xtech's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Daiko Xtech'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 73.08% mean?
Daiko Xtech (TSE:8023) has a ROC (Joel Greenblatt) % of 73.08% 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 Daiko Xtech and its competitors. This is 99% above median its historical median of 36.65. According to the industry distribution chart, Daiko Xtech ranks #270 out of 2491 companies in the Hardware industry, placing it in the top 10.8%.
Is Daiko Xtech's ROC (Joel Greenblatt) % too high?
Daiko Xtech's current ROC (Joel Greenblatt) % of 73.08% is 99% above median its 10-year median of 36.65. The Hardware industry median ROC (Joel Greenblatt) % is 10.49. Daiko Xtech's value of 73.08% is 596.7% above this industry median. Based on the distribution chart, Daiko Xtech ranks #270 out of 2491 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Daiko Xtech has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiko Xtech's ROC (Joel Greenblatt) % compare to SNX and ARW?
According to the Hardware industry distribution chart, Daiko Xtech ranks #270 out of 2491 companies for ROC (Joel Greenblatt) %. This places Daiko Xtech in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.49. Daiko Xtech's value of 73.08% is 596.7% above this benchmark. While the company's 10-year median is 36.65 vs. the industry median of 10.49, Daiko Xtech 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 10.49, 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. Daiko Xtech's current ROC (Joel Greenblatt) % of 73.08% is 596.7% 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 Daiko Xtech and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiko Xtech's current ROC (Joel Greenblatt) % is 73.08%, which is 99% above median its own 10-year median of 36.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiko Xtech stock overvalued right now?
Based on GuruFocus' analysis, Daiko Xtech (TSE:8023) is currently considered Fairly Valued. The stock's GF Value™ is 円946.79, compared to a current price of 円992.00 — trading 4.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 73.08%, which is 99% above median its 10-year median of 36.65 and 596.7% above the Hardware industry median of 10.49. Daiko Xtech's overall GF Score™ is 69/100 with 2 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 Daiko Xtech (TSE:8023), the current ROC (Joel Greenblatt) % is 73.08% 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 Daiko Xtech (TSE:8023) Overvalued in 2026?
Based on GuruFocus' analysis, Daiko Xtech stock appears to be overvalued.
The current stock price of 円992.00 is trading 4.8% above its estimated GF Value™ of 円946.79.
GuruFocus considers Daiko Xtech to be Fairly Valued.
Key valuation signals for TSE:8023:
ROC (Joel Greenblatt) %: 73.08% (99% above median its 10-year median of 36.65)
GF Value™: 円946.79 vs. price of 円992.00 (4.8% above fair value)
Industry Position: 596.7% above the Hardware median (#270 of 2491)
No single metric tells the full story. See the TSE:8023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiko Xtech Ltd formerly Daiko Denshi Tsushin Ltd s engaged in the sale of information communications equipment and the provision of related services. The principal business activities of the company include system consultancy, sales and maintenances of various types of computers, development and maintenances of software, sales and maintenances of a network, sales of computer-related products and construction of office facility.
69GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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