Delivery Consulting (TSE:9240) ROC (Joel Greenblatt) %: 244.50% (As of Jan. 2026) — 120% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9240 Delivery Consulting Inc TSE:9240
75 GF Score
Price 円404.00
GF Value 円655.03
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Delivery Consulting ROC (Joel Greenblatt) %?

Delivery Consulting TSE:9240 +0.50% 75 ROC (Joel Greenblatt) % is 244.50% as of Jan. 2026, which is 120% above its 10-year median of 111.37. GuruFocus rates TSE:9240 with a GF Score™ of 75/100 and a GF Value™ of 円655.03 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,819 Software companies, Delivery Consulting ranks better than 73.96% 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. Delivery Consulting's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 244.50%.

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

TSE:9240' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.66   Med: 111.37   Max: 472.31
Current: 108.76

During the past 7 years, Delivery Consulting's highest ROC (Joel Greenblatt) % was 472.31%. The lowest was 8.66%. And the median was 111.37%.

TSE:9240's ROC (Joel Greenblatt) % is ranked better than
73.96% of 2819 companies
in the Software industry
Industry Median: 20.81 vs TSE:9240: 108.76

Delivery Consulting's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -33.10% per year.


Delivery Consulting  (TSE:9240) 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.


Delivery Consulting ROC (Joel Greenblatt) % Related Terms


Delivery Consulting ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Delivery Consulting'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.

Delivery Consulting ROC (Joel Greenblatt) % Chart

Delivery Consulting Annual Data
Trend Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 470.77 472.31 30.80 111.37 29.76

Delivery Consulting Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 78.10 34.34 123.33 244.50 97.92

TSE:9240 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison

For the Information Technology Services subindustry, Delivery Consulting'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.


Delivery Consulting ROC (Joel Greenblatt) % vs Software Industry

For the Software industry and Technology sector, Delivery Consulting's ROC (Joel Greenblatt) % distribution charts can be found below:

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


TSE:9240
75GF Score
Delivery Consulting Inc TSE:9240
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delivery Consulting 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: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(299.089 + 2.198 + 95.795) - (69.771 + 0 + 247.37)
=79.941

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(378.523 + 3.7 + 115.265) - (150.363 + 0 + 280.091)
=67.034

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Delivery Consulting for the quarter that ended in Jan. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=344.504/( ( (66.533 + max(79.941, 0)) + (68.292 + max(67.034, 0)) )/ 2 )
=344.504/( ( 146.474 + 135.326 )/ 2 )
=344.504/140.9
=244.50 %

Note: The EBIT data used here is four times the quarterly (Jan. 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 244.50% mean?
Delivery Consulting (TSE:9240) has a ROC (Joel Greenblatt) % of 244.50% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Delivery Consulting and its competitors. This is 120% above median its historical median of 111.37. Over the past decade, Delivery Consulting's ROC (Joel Greenblatt) % has ranged from 8.66 to 472.31. According to the industry distribution chart, Delivery Consulting ranks #734 out of 2819 companies in the Software industry, placing it in the top 26%.
Is Delivery Consulting's ROC (Joel Greenblatt) % too high?
Delivery Consulting's current ROC (Joel Greenblatt) % of 244.50% is 120% above median its 10-year median of 111.37. Over the past 10 years, this metric has ranged from a low of 8.66 to a high of 472.31. The Software industry median ROC (Joel Greenblatt) % is 20.81. Delivery Consulting's value of 244.50% is 1074.9% above this industry median. Based on the distribution chart, Delivery Consulting ranks #734 out of 2819 companies in the Software industry, which is above the industry midpoint. Overall, Delivery Consulting has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Delivery Consulting's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Delivery Consulting ranks #734 out of 2819 companies for ROC (Joel Greenblatt) %. This puts Delivery Consulting in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.81. Delivery Consulting's value of 244.50% is 1074.9% above this benchmark. Historically, Delivery Consulting's own ROC (Joel Greenblatt) % has ranged from 8.66 to 472.31 over the past decade. While the company's 10-year median is 111.37 vs. the industry median of 20.81, Delivery Consulting 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.81, based on 2,819 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. Delivery Consulting's current ROC (Joel Greenblatt) % of 244.50% is 1074.9% 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 Delivery Consulting and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delivery Consulting's current ROC (Joel Greenblatt) % is 244.50%, which is 120% above median its own 10-year median of 111.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delivery Consulting stock overvalued right now?
Based on GuruFocus' analysis, Delivery Consulting (TSE:9240) is currently considered Significantly Undervalued. The stock's GF Value™ is 円655.03, compared to a current price of 円404.00 — trading 38.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 244.50%, which is 120% above median its 10-year median of 111.37 and 1074.9% above the Software industry median of 20.81. Delivery Consulting's overall GF Score™ is 75/100 with 3 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 Delivery Consulting (TSE:9240), the current ROC (Joel Greenblatt) % is 244.50% as of Jan. 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 Delivery Consulting (TSE:9240) Overvalued in 2026?

Based on GuruFocus' analysis, Delivery Consulting stock appears to be undervalued. The current stock price of 円404.00 is trading 38.3% below its estimated GF Value™ of 円655.03. GuruFocus considers Delivery Consulting to be Significantly Undervalued.

Key valuation signals for TSE:9240:

  • ROC (Joel Greenblatt) %: 244.50% (120% above median its 10-year median of 111.37)
  • GF Value™: 円655.03 vs. price of 円404.00 (38.3% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 1074.9% above the Software median (#734 of 2819)

No single metric tells the full story. See the TSE:9240 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Delivery Consulting Business Description

Address 9-7-1 Akasaka, 23rd Floor, Midtown Tower, Minato-ku, Tokyo, JPN, 107-6223
Delivery Consulting Inc is a technology consulting company offering various IT services in Japan. It is engaged in a digital transformation business that supports client companies' DX (digital transformation) from both IT consulting and IT system development. In the digital transformation business, the company provides three services and solutions: digital migration, data tactics, and intelligent automation. The company operates in a single segment, the digital transformation business.
75GF Score

Get the complete analysis for TSE:9240

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

円404.00
Price
円655.03
GF Value