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BSN Media HoldingsTSE:9408 +0.04%68 ROC (Joel Greenblatt) % is 33.67% as of Mar. 2026, which is 103% above its 10-year median of 16.57. GuruFocus rates TSE:9408 with a GF Score™ of 68/100 and a GF Value™ of 円1,907.91 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,821 Software companies, BSN Media Holdings ranks better than 51.01% 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. BSN Media Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 33.67%.
The historical rank and industry rank for BSN Media Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:9408'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.14 Med: 16.57 Max: 23.9
Current: 22.91
During the past 13 years, BSN Media Holdings's highest ROC (Joel Greenblatt) % was 23.90%. The lowest was 10.14%. And the median was 16.57%.
TSE:9408's ROC (Joel Greenblatt) % is ranked better than 51.01% of 2821
companies
in the Software industry
Industry Median: 20.73
vs TSE:9408: 22.91
BSN Media Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.90% per year.
BSN Media Holdings (TSE:9408) 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.
BSN Media Holdings ROC (Joel Greenblatt) % Related Terms
BSN Media Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for BSN Media Holdings'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:9408 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, BSN Media 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.
BSN Media Holdings ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, BSN Media Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where BSN Media Holdings's ROC (Joel Greenblatt) % falls into.
BSN Media 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 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 33.67% mean?
BSN Media Holdings (TSE:9408) has a ROC (Joel Greenblatt) % of 33.67% 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 BSN Media Holdings and its competitors. This is 103% above median its historical median of 16.57. Over the past decade, BSN Media Holdings' ROC (Joel Greenblatt) % has ranged from 10.14 to 23.90. According to the industry distribution chart, BSN Media Holdings ranks #1382 out of 2821 companies in the Software industry, placing it in the top 49%.
Is BSN Media Holdings' ROC (Joel Greenblatt) % too high?
BSN Media Holdings' current ROC (Joel Greenblatt) % of 33.67% is 103% above median its 10-year median of 16.57. Over the past 10 years, this metric has ranged from a low of 10.14 to a high of 23.90. The Software industry median ROC (Joel Greenblatt) % is 20.73. BSN Media Holdings' value of 33.67% is 62.4% above this industry median. Based on the distribution chart, BSN Media Holdings ranks #1382 out of 2821 companies in the Software industry, which is above the industry midpoint. Overall, BSN Media Holdings has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BSN Media Holdings' ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, BSN Media Holdings ranks #1382 out of 2821 companies for ROC (Joel Greenblatt) %. This puts BSN Media Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.73. BSN Media Holdings' value of 33.67% is 62.4% above this benchmark. Historically, BSN Media Holdings' own ROC (Joel Greenblatt) % has ranged from 10.14 to 23.90 over the past decade. While the company's 10-year median is 16.57 vs. the industry median of 20.73, BSN Media 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.73, based on 2,821 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. BSN Media Holdings's current ROC (Joel Greenblatt) % of 33.67% is 62.4% 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 BSN Media Holdings and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSN Media Holdings's current ROC (Joel Greenblatt) % is 33.67%, which is 103% above median its own 10-year median of 16.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSN Media Holdings stock overvalued right now?
Based on GuruFocus' analysis, BSN Media Holdings (TSE:9408) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,907.91, compared to a current price of 円2,555.00 — trading 33.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 33.67%, which is 103% above median its 10-year median of 16.57 and 62.4% above the Software industry median of 20.73. BSN Media Holdings' overall GF Score™ is 68/100 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 BSN Media Holdings (TSE:9408), the current ROC (Joel Greenblatt) % is 33.67% 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 BSN Media Holdings (TSE:9408) Overvalued in 2026?
Based on GuruFocus' analysis, BSN Media Holdings stock appears to be overvalued.
The current stock price of 円2,555.00 is trading 33.9% above its estimated GF Value™ of 円1,907.91.
GuruFocus considers BSN Media Holdings to be Significantly Overvalued.
Key valuation signals for TSE:9408:
ROC (Joel Greenblatt) %: 33.67% (103% above median its 10-year median of 16.57)
GF Value™: 円1,907.91 vs. price of 円2,555.00 (33.9% above fair value)
Industry Position: 62.4% above the Software median (#1382 of 2821)
No single metric tells the full story. See the TSE:9408 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BSN Media Holdings Inc is engaged in basic broadcasting and general broadcasting business. The business activities of the company include planning, production, and sale of broadcast programs, entertainment of various kinds of events like art, music, and sports, and publications. The company's operating segments are Broadcasting Business, System-related Business, Building Services, and Other Businesses. The Broadcasting Business is mainly engaged in general radio and television broadcasting. The System-related business is mainly engaged in IT solution-related businesses such as system integration. The Building Services and Other Business is mainly engaged in building management and real estate business. The majority of its revenue is generated from the System-related Business.
68GF Score
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