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Land CoTSE:8918 +10.00%69 ROC (Joel Greenblatt) % is 581.62% as of Feb. 2026, which is 271% above its 10-year median of 156.81. GuruFocus rates TSE:8918 with a GF Score™ of 69/100 and a GF Value™ of 円5.87 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,749 Real Estate companies, Land Co ranks better than 85.53% 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. Land Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 581.62%.
The historical rank and industry rank for Land Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:8918'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -60266.51 Med: 156.81 Max: 1603.87
Current: 275.1
During the past 13 years, Land Co's highest ROC (Joel Greenblatt) % was 1603.87%. The lowest was -60266.51%. And the median was 156.81%.
TSE:8918's ROC (Joel Greenblatt) % is ranked better than 85.53% of 1749
companies
in the Real Estate industry
Industry Median: 12.88
vs TSE:8918: 275.10
Land Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Land Co (TSE:8918) 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.
The historical data trend for Land 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.
Land Co ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Diversified subindustry, Land 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.
Land Co ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Land Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Land Co'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 (Feb. 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 581.62% mean?
Land Co (TSE:8918) has a ROC (Joel Greenblatt) % of 581.62% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Land Co and its competitors. This is 271% above median its historical median of 156.81. According to the industry distribution chart, Land Co ranks #253 out of 1749 companies in the Real Estate industry, placing it in the top 14.5%.
Is Land Co's ROC (Joel Greenblatt) % too high?
Land Co's current ROC (Joel Greenblatt) % of 581.62% is 271% above median its 10-year median of 156.81. The Real Estate industry median ROC (Joel Greenblatt) % is 12.88. Land Co's value of 581.62% is 4415.7% above this industry median. Based on the distribution chart, Land Co ranks #253 out of 1749 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Land Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Land Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Land Co ranks #253 out of 1749 companies for ROC (Joel Greenblatt) %. This places Land Co in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.88. Land Co's value of 581.62% is 4415.7% above this benchmark. While the company's 10-year median is 156.81 vs. the industry median of 12.88, Land 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.88, based on 1,749 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. Land Co's current ROC (Joel Greenblatt) % of 581.62% is 4415.7% 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 Land Co and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Land Co's current ROC (Joel Greenblatt) % is 581.62%, which is 271% above median its own 10-year median of 156.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land Co stock overvalued right now?
Based on GuruFocus' analysis, Land Co (TSE:8918) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5.87, compared to a current price of 円11.00 — trading 87.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 581.62%, which is 271% above median its 10-year median of 156.81 and 4415.7% above the Real Estate industry median of 12.88. Land Co's overall GF Score™ is 69/100 with 7 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 Land Co (TSE:8918), the current ROC (Joel Greenblatt) % is 581.62% as of Feb. 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 Land Co (TSE:8918) Overvalued in 2026?
Based on GuruFocus' analysis, Land Co stock appears to be overvalued.
The current stock price of 円11.00 is trading 87.4% above its estimated GF Value™ of 円5.87.
GuruFocus considers Land Co to be Significantly Overvalued.
Key valuation signals for TSE:8918:
ROC (Joel Greenblatt) %: 581.62% (271% above median its 10-year median of 156.81)
GF Value™: 円5.87 vs. price of 円11.00 (87.4% above fair value)
Industry Position: 4415.7% above the Real Estate median (#253 of 1749)
No single metric tells the full story. See the TSE:8918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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