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Kaga Electronics CoTSE:8154 -0.58%90 ROC (Joel Greenblatt) % is 26.76% as of Mar. 2026, which is 19% above its 10-year median of 22.51. GuruFocus rates TSE:8154 with a GF Score™ of 90/100 and a GF Value™ of 円3,726.31 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,491 Hardware companies, Kaga Electronics Co ranks better than 80.01% 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. Kaga Electronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.76%.
The historical rank and industry rank for Kaga Electronics Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:8154'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.43 Med: 22.51 Max: 33.21
Current: 33.21
During the past 13 years, Kaga Electronics Co's highest ROC (Joel Greenblatt) % was 33.21%. The lowest was 14.43%. And the median was 22.51%.
TSE:8154's ROC (Joel Greenblatt) % is ranked better than 80.01% of 2491
companies
in the Hardware industry
Industry Median: 10.43
vs TSE:8154: 33.21
Kaga Electronics Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.20% per year.
Kaga Electronics Co (TSE:8154) 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.
Kaga Electronics Co ROC (Joel Greenblatt) % Related Terms
Kaga Electronics Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Kaga Electronics Co'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:8154 vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Kaga Electronics Co'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.
Kaga Electronics Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Kaga Electronics Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kaga Electronics Co's ROC (Joel Greenblatt) % falls into.
Kaga Electronics Co 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:
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 26.76% mean?
Kaga Electronics Co (TSE:8154) has a ROC (Joel Greenblatt) % of 26.76% 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 Kaga Electronics Co and its competitors. This is 19% above median its historical median of 22.51. Over the past decade, Kaga Electronics Co's ROC (Joel Greenblatt) % has ranged from 14.43 to 33.21. According to the industry distribution chart, Kaga Electronics Co ranks #498 out of 2491 companies in the Hardware industry, placing it in the top 20%.
Is Kaga Electronics Co's ROC (Joel Greenblatt) % too high?
Kaga Electronics Co's current ROC (Joel Greenblatt) % of 26.76% is 19% above median its 10-year median of 22.51. Over the past 10 years, this metric has ranged from a low of 14.43 to a high of 33.21. The Hardware industry median ROC (Joel Greenblatt) % is 10.43. Kaga Electronics Co's value of 26.76% is 156.6% above this industry median. Based on the distribution chart, Kaga Electronics Co ranks #498 out of 2491 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Kaga Electronics Co has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kaga Electronics Co's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Kaga Electronics Co ranks #498 out of 2491 companies for ROC (Joel Greenblatt) %. This places Kaga Electronics Co in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.43. Kaga Electronics Co's value of 26.76% is 156.6% above this benchmark. Historically, Kaga Electronics Co's own ROC (Joel Greenblatt) % has ranged from 14.43 to 33.21 over the past decade. While the company's 10-year median is 22.51 vs. the industry median of 10.43, Kaga Electronics Co 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 10.43, 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. Kaga Electronics Co's current ROC (Joel Greenblatt) % of 26.76% is 156.6% 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 Kaga Electronics Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaga Electronics Co's current ROC (Joel Greenblatt) % is 26.76%, which is 19% above median its own 10-year median of 22.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaga Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Kaga Electronics Co (TSE:8154) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,726.31, compared to a current price of 円4,305.00 — trading 15.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 26.76%, which is 19% above median its 10-year median of 22.51 and 156.6% above the Hardware industry median of 10.43. Kaga Electronics Co's overall GF Score™ is 90/100 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 Kaga Electronics Co (TSE:8154), the current ROC (Joel Greenblatt) % is 26.76% 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 Kaga Electronics Co (TSE:8154) Overvalued in 2026?
Based on GuruFocus' analysis, Kaga Electronics Co stock appears to be overvalued.
The current stock price of 円4,305.00 is trading 15.5% above its estimated GF Value™ of 円3,726.31.
GuruFocus considers Kaga Electronics Co to be Modestly Overvalued.
Key valuation signals for TSE:8154:
ROC (Joel Greenblatt) %: 26.76% (19% above median its 10-year median of 22.51)
GF Value™: 円3,726.31 vs. price of 円4,305.00 (15.5% above fair value)
Industry Position: 156.6% above the Hardware median (#498 of 2491)
No single metric tells the full story. See the TSE:8154 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaga Electronics Co Ltd is a Japan based company engages in the sales of electronic components, electronic devices and other. It operates through following segments: Electronic Components, Information Equipment, Software and Other. The firm generates majority revenue from the Electronic Components.
90GF Score
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