Kuwazawa Holdings (TSE:8104) ROC (Joel Greenblatt) %: 25.74% (As of Mar. 2026) — 79% Above Median

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TSE:8104 Kuwazawa Holdings Corp TSE:8104
71 GF Score
Price 円679.00
GF Value 円608.40
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Kuwazawa Holdings ROC (Joel Greenblatt) %?

Kuwazawa Holdings TSE:8104 -0.29% 71 ROC (Joel Greenblatt) % is 25.74% as of Mar. 2026, which is 79% above its 10-year median of 14.39. GuruFocus rates TSE:8104 with a GF Score™ of 71/100 and a GF Value™ of 円608.40 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 408 Building Materials companies, Kuwazawa Holdings ranks better than 80.88% 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. Kuwazawa Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.74%.

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

TSE:8104' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.57   Med: 14.39   Max: 25.47
Current: 22.84

During the past 13 years, Kuwazawa Holdings's highest ROC (Joel Greenblatt) % was 25.47%. The lowest was 7.57%. And the median was 14.39%.

TSE:8104's ROC (Joel Greenblatt) % is ranked better than
80.88% of 408 companies
in the Building Materials industry
Industry Median: 8.68 vs TSE:8104: 22.84

Kuwazawa Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 20.60% per year.


Kuwazawa Holdings  (TSE:8104) 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.


Kuwazawa Holdings ROC (Joel Greenblatt) % Related Terms


Kuwazawa Holdings ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Kuwazawa Holdings'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.

Kuwazawa Holdings ROC (Joel Greenblatt) % Chart

Kuwazawa Holdings 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 13.10 16.07 17.78 14.88 25.47

Kuwazawa Holdings 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 16.46 18.36 7.21 17.94 25.74

TSE:8104 vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison

For the Building Materials subindustry, Kuwazawa Holdings'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.


Kuwazawa Holdings ROC (Joel Greenblatt) % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kuwazawa Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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


TSE:8104
71GF Score
Kuwazawa Holdings Corp TSE:8104
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kuwazawa Holdings 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)
=(18930 + 2630 + 8419) - (13769 + 0 + 12946)
=3264

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14501 + 1994 + 7920) - (11318 + 0 + 12620)
=477

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Kuwazawa Holdings 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 )
=2024/( ( (6037 + max(3264, 0)) + (5948 + max(477, 0)) )/ 2 )
=2024/( ( 9301 + 6425 )/ 2 )
=2024/7863
=25.74 %

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 25.74% mean?
Kuwazawa Holdings (TSE:8104) has a ROC (Joel Greenblatt) % of 25.74% 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 Kuwazawa Holdings and its competitors. This is 79% above median its historical median of 14.39. Over the past decade, Kuwazawa Holdings' ROC (Joel Greenblatt) % has ranged from 7.57 to 25.47. According to the industry distribution chart, Kuwazawa Holdings ranks #78 out of 408 companies in the Building Materials industry, placing it in the top 19.1%.
Is Kuwazawa Holdings' ROC (Joel Greenblatt) % too high?
Kuwazawa Holdings' current ROC (Joel Greenblatt) % of 25.74% is 79% above median its 10-year median of 14.39. Over the past 10 years, this metric has ranged from a low of 7.57 to a high of 25.47. The Building Materials industry median ROC (Joel Greenblatt) % is 8.68. Kuwazawa Holdings' value of 25.74% is 196.5% above this industry median. Based on the distribution chart, Kuwazawa Holdings ranks #78 out of 408 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Kuwazawa Holdings has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kuwazawa Holdings' ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Kuwazawa Holdings ranks #78 out of 408 companies for ROC (Joel Greenblatt) %. This places Kuwazawa Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.68. Kuwazawa Holdings' value of 25.74% is 196.5% above this benchmark. Historically, Kuwazawa Holdings' own ROC (Joel Greenblatt) % has ranged from 7.57 to 25.47 over the past decade. While the company's 10-year median is 14.39 vs. the industry median of 8.68, Kuwazawa Holdings 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.68, based on 408 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. Kuwazawa Holdings's current ROC (Joel Greenblatt) % of 25.74% is 196.5% 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 Kuwazawa Holdings and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuwazawa Holdings's current ROC (Joel Greenblatt) % is 25.74%, which is 79% above median its own 10-year median of 14.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuwazawa Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kuwazawa Holdings (TSE:8104) is currently considered Modestly Overvalued. The stock's GF Value™ is 円608.40, compared to a current price of 円679.00 — trading 11.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 25.74%, which is 79% above median its 10-year median of 14.39 and 196.5% above the Building Materials industry median of 8.68. Kuwazawa Holdings' overall GF Score™ is 71/100 with 5 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 Kuwazawa Holdings (TSE:8104), the current ROC (Joel Greenblatt) % is 25.74% 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 Kuwazawa Holdings (TSE:8104) Overvalued in 2026?

Based on GuruFocus' analysis, Kuwazawa Holdings stock appears to be overvalued. The current stock price of 円679.00 is trading 11.6% above its estimated GF Value™ of 円608.40. GuruFocus considers Kuwazawa Holdings to be Modestly Overvalued.

Key valuation signals for TSE:8104:

  • ROC (Joel Greenblatt) %: 25.74% (79% above median its 10-year median of 14.39)
  • GF Value™: 円608.40 vs. price of 円679.00 (11.6% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 196.5% above the Building Materials median (#78 of 408)

No single metric tells the full story. See the TSE:8104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kuwazawa Holdings Business Description

Address 7-1-1, Chuo 2-7, Shiroishi-ku, Hokkaido Kuwazawa Group Headquarters Building, Sapporo, JPN, 003-8560
Kuwazawa Holdings Corp operates in the construction industry. The company is engaged in the sale of construction materials, such as cement, concrete, pile, concrete products, concrete admixture, shelf, water materials, general steel products, and others. It also has a leasing business.
71GF Score

Get the complete analysis for TSE:8104

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

円679.00
Price
円608.40
GF Value