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Higashi Holdings CoTSE:9029 +1.37%93 ROC (Joel Greenblatt) % is 32.38% as of Mar. 2026, which is 59% above its 10-year median of 20.33. GuruFocus rates TSE:9029 with a GF Score™ of 93/100 and a GF Value™ of 円1,871.48 (Fairly Valued). The stock has 2 warning signs investors should review. Among 999 Transportation companies, Higashi Holdings Co ranks better than 82.58% 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. Higashi Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.38%.
The historical rank and industry rank for Higashi Holdings Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:9029'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.3 Med: 20.33 Max: 31.44
Current: 30.32
During the past 13 years, Higashi Holdings Co's highest ROC (Joel Greenblatt) % was 31.44%. The lowest was 13.30%. And the median was 20.33%.
TSE:9029's ROC (Joel Greenblatt) % is ranked better than 82.58% of 999
companies
in the Transportation industry
Industry Median: 11.71
vs TSE:9029: 30.32
Higashi Holdings Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.60% per year.
Higashi Holdings Co (TSE:9029) 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.
Higashi Holdings Co ROC (Joel Greenblatt) % Related Terms
Higashi Holdings Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Higashi Holdings 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:9029 vs UPS, FDX, JBHT: ROC (Joel Greenblatt) % Comparison
For the Integrated Freight & Logistics subindustry, Higashi Holdings 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.
Higashi Holdings Co ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Higashi Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Higashi Holdings Co's ROC (Joel Greenblatt) % falls into.
Higashi Holdings 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 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 32.38% mean?
Higashi Holdings Co (TSE:9029) has a ROC (Joel Greenblatt) % of 32.38% 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 Higashi Holdings Co and its competitors. This is 59% above median its historical median of 20.33. Over the past decade, Higashi Holdings Co's ROC (Joel Greenblatt) % has ranged from 13.30 to 31.44. According to the industry distribution chart, Higashi Holdings Co ranks #174 out of 999 companies in the Transportation industry, placing it in the top 17.4%.
Is Higashi Holdings Co's ROC (Joel Greenblatt) % too high?
Higashi Holdings Co's current ROC (Joel Greenblatt) % of 32.38% is 59% above median its 10-year median of 20.33. Over the past 10 years, this metric has ranged from a low of 13.30 to a high of 31.44. The Transportation industry median ROC (Joel Greenblatt) % is 11.71. Higashi Holdings Co's value of 32.38% is 176.5% above this industry median. Based on the distribution chart, Higashi Holdings Co ranks #174 out of 999 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Higashi Holdings Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Higashi Holdings Co's ROC (Joel Greenblatt) % compare to UPS and FDX?
According to the Transportation industry distribution chart, Higashi Holdings Co ranks #174 out of 999 companies for ROC (Joel Greenblatt) %. This places Higashi Holdings Co in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.71. Higashi Holdings Co's value of 32.38% is 176.5% above this benchmark. Historically, Higashi Holdings Co's own ROC (Joel Greenblatt) % has ranged from 13.30 to 31.44 over the past decade. While the company's 10-year median is 20.33 vs. the industry median of 11.71, Higashi Holdings 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.71, based on 999 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. Higashi Holdings Co's current ROC (Joel Greenblatt) % of 32.38% is 176.5% 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 Higashi Holdings Co and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Higashi Holdings Co's current ROC (Joel Greenblatt) % is 32.38%, which is 59% above median its own 10-year median of 20.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Higashi Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Higashi Holdings Co (TSE:9029) is currently considered Fairly Valued. The stock's GF Value™ is 円1,871.48, compared to a current price of 円1,927.00 — trading 3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 32.38%, which is 59% above median its 10-year median of 20.33 and 176.5% above the Transportation industry median of 11.71. Higashi Holdings Co's overall GF Score™ is 93/100 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 Higashi Holdings Co (TSE:9029), the current ROC (Joel Greenblatt) % is 32.38% 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 Higashi Holdings Co (TSE:9029) Overvalued in 2026?
Based on GuruFocus' analysis, Higashi Holdings Co stock appears to be overvalued.
The current stock price of 円1,927.00 is trading 3% above its estimated GF Value™ of 円1,871.48.
GuruFocus considers Higashi Holdings Co to be Fairly Valued.
Key valuation signals for TSE:9029:
ROC (Joel Greenblatt) %: 32.38% (59% above median its 10-year median of 20.33)
GF Value™: 円1,871.48 vs. price of 円1,927.00 (3% above fair value)
Industry Position: 176.5% above the Transportation median (#174 of 999)
No single metric tells the full story. See the TSE:9029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Higashi Holdings Co Ltd is a Japan-based company that engages in the business of logistics services. Its operations are carried out through the following business division:3PL Services, Comprehensive logistics services, General affairs logistics and BPO solutions, Office relocation services, In-house logistics services, PC kitting and IT-related services, Nursing care equipment rental and sales service, and Other Solutions.
93GF 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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