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Asahi Broadcasting Group HoldingsTSE:9405 +0.49%72 ROC (Joel Greenblatt) % is 11.24% as of Mar. 2026, which is 23% above its 10-year median of 9.12. GuruFocus rates TSE:9405 with a GF Score™ of 72/100 and a GF Value™ of 円717.89 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,015 Media - Diversified companies, Asahi Broadcasting Group Holdings ranks better than 58.03% 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. Asahi Broadcasting Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.24%.
The historical rank and industry rank for Asahi Broadcasting Group Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:9405'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.81 Med: 9.12 Max: 16.76
Current: 9.91
During the past 13 years, Asahi Broadcasting Group Holdings's highest ROC (Joel Greenblatt) % was 16.76%. The lowest was -0.81%. And the median was 9.12%.
TSE:9405's ROC (Joel Greenblatt) % is ranked better than 58.03% of 1015
companies
in the Media - Diversified industry
Industry Median: 9.13
vs TSE:9405: 9.91
Asahi Broadcasting Group Holdings (TSE:9405) 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.
* 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.
Asahi Broadcasting Group Holdings ROC (Joel Greenblatt) % Chart
TSE:9405 vs NXST: ROC (Joel Greenblatt) % Comparison
For the Broadcasting subindustry, Asahi Broadcasting Group 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.
Asahi Broadcasting Group Holdings ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Asahi Broadcasting Group Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asahi Broadcasting Group Holdings's ROC (Joel Greenblatt) % falls into.
Asahi Broadcasting Group 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:
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 11.24% mean?
Asahi Broadcasting Group Holdings (TSE:9405) has a ROC (Joel Greenblatt) % of 11.24% 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 Asahi Broadcasting Group Holdings and its competitors. This is 23% above median its historical median of 9.12. According to the industry distribution chart, Asahi Broadcasting Group Holdings ranks #426 out of 1015 companies in the Media - Diversified industry, placing it in the top 42%.
Is Asahi Broadcasting Group Holdings' ROC (Joel Greenblatt) % too high?
Asahi Broadcasting Group Holdings' current ROC (Joel Greenblatt) % of 11.24% is 23% above median its 10-year median of 9.12. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.13. Asahi Broadcasting Group Holdings' value of 11.24% is 23.1% above this industry median. Based on the distribution chart, Asahi Broadcasting Group Holdings ranks #426 out of 1015 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Asahi Broadcasting Group Holdings has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Broadcasting Group Holdings' ROC (Joel Greenblatt) % compare to NXST?
According to the Media - Diversified industry distribution chart, Asahi Broadcasting Group Holdings ranks #426 out of 1015 companies for ROC (Joel Greenblatt) %. This puts Asahi Broadcasting Group Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.13. Asahi Broadcasting Group Holdings' value of 11.24% is 23.1% above this benchmark. While the company's 10-year median is 9.12 vs. the industry median of 9.13, Asahi Broadcasting Group 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.13, based on 1,015 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. Asahi Broadcasting Group Holdings's current ROC (Joel Greenblatt) % of 11.24% is 23.1% 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 Asahi Broadcasting Group Holdings and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Broadcasting Group Holdings's current ROC (Joel Greenblatt) % is 11.24%, which is 23% above median its own 10-year median of 9.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Broadcasting Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asahi Broadcasting Group Holdings (TSE:9405) is currently considered Modestly Overvalued. The stock's GF Value™ is 円717.89, compared to a current price of 円822.00 — trading 14.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 11.24%, which is 23% above median its 10-year median of 9.12 and 23.1% above the Media - Diversified industry median of 9.13. Asahi Broadcasting Group Holdings' overall GF Score™ is 72/100 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 Asahi Broadcasting Group Holdings (TSE:9405), the current ROC (Joel Greenblatt) % is 11.24% 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 Asahi Broadcasting Group Holdings (TSE:9405) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Broadcasting Group Holdings stock appears to be overvalued.
The current stock price of 円822.00 is trading 14.5% above its estimated GF Value™ of 円717.89.
GuruFocus considers Asahi Broadcasting Group Holdings to be Modestly Overvalued.
Key valuation signals for TSE:9405:
ROC (Joel Greenblatt) %: 11.24% (23% above median its 10-year median of 9.12)
GF Value™: 円717.89 vs. price of 円822.00 (14.5% above fair value)
Industry Position: 23.1% above the Media - Diversified median (#426 of 1015)
No single metric tells the full story. See the TSE:9405 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi Broadcasting Group Holdings Corp is based in Japan. The company has two segments Broadcasting and Contents Business segment and the Style Business segment. The Broadcasting and Contents Business includes television and radio broadcasting and various content-related businesses, and the Lifestyle business segment consists of the housing exhibition center operation business, mail order business, and golf course operation business. The company generates the majority of its revenue from the Broadcasting and Content Business.
72GF 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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