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Hiroshima Gas CoTSE:9535 +2.86%62 ROC (Joel Greenblatt) % is 11.99% as of Mar. 2026, which is 95% above its 10-year median of 6.15. GuruFocus rates TSE:9535 with a GF Score™ of 62/100 and a GF Value™ of 円351.53 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 999 Oil & Gas companies, Hiroshima Gas Co ranks worse than 61.06% 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. Hiroshima Gas Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.99%.
The historical rank and industry rank for Hiroshima Gas Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:9535'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.52 Med: 6.15 Max: 12.77
Current: 4.13
During the past 13 years, Hiroshima Gas Co's highest ROC (Joel Greenblatt) % was 12.77%. The lowest was 3.52%. And the median was 6.15%.
TSE:9535's ROC (Joel Greenblatt) % is ranked worse than 61.06% of 999
companies
in the Oil & Gas industry
Industry Median: 8.42
vs TSE:9535: 4.13
Hiroshima Gas Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -22.50% per year.
Hiroshima Gas Co (TSE:9535) 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.
Hiroshima Gas Co ROC (Joel Greenblatt) % Related Terms
Hiroshima Gas Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Hiroshima Gas 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:9535 vs XOM, CVX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Integrated subindustry, Hiroshima Gas 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.
Hiroshima Gas Co ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hiroshima Gas Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hiroshima Gas Co's ROC (Joel Greenblatt) % falls into.
Hiroshima Gas 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 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 11.99% mean?
Hiroshima Gas Co (TSE:9535) has a ROC (Joel Greenblatt) % of 11.99% 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 Hiroshima Gas Co and its competitors. This is 95% above median its historical median of 6.15. Over the past decade, Hiroshima Gas Co's ROC (Joel Greenblatt) % has ranged from 3.52 to 12.77. According to the industry distribution chart, Hiroshima Gas Co ranks #610 out of 999 companies in the Oil & Gas industry, placing it in the top 61.1%.
Is Hiroshima Gas Co's ROC (Joel Greenblatt) % too high?
Hiroshima Gas Co's current ROC (Joel Greenblatt) % of 11.99% is 95% above median its 10-year median of 6.15. Over the past 10 years, this metric has ranged from a low of 3.52 to a high of 12.77. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. Hiroshima Gas Co's value of 11.99% is 42.4% above this industry median. Based on the distribution chart, Hiroshima Gas Co ranks #610 out of 999 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Hiroshima Gas Co has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hiroshima Gas Co's ROC (Joel Greenblatt) % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Hiroshima Gas Co ranks #610 out of 999 companies for ROC (Joel Greenblatt) %. This places Hiroshima Gas Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.42. Hiroshima Gas Co's value of 11.99% is 42.4% above this benchmark. Historically, Hiroshima Gas Co's own ROC (Joel Greenblatt) % has ranged from 3.52 to 12.77 over the past decade. While the company's 10-year median is 6.15 vs. the industry median of 8.42, Hiroshima Gas 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.42, 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. Hiroshima Gas Co's current ROC (Joel Greenblatt) % of 11.99% is 42.4% 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 Hiroshima Gas Co and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiroshima Gas Co's current ROC (Joel Greenblatt) % is 11.99%, which is 95% above median its own 10-year median of 6.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiroshima Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hiroshima Gas Co (TSE:9535) is currently considered Modestly Overvalued. The stock's GF Value™ is 円351.53, compared to a current price of 円431.00 — trading 22.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 11.99%, which is 95% above median its 10-year median of 6.15 and 42.4% above the Oil & Gas industry median of 8.42. Hiroshima Gas Co's overall GF Score™ is 62/100 with 6 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 Hiroshima Gas Co (TSE:9535), the current ROC (Joel Greenblatt) % is 11.99% 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 Hiroshima Gas Co (TSE:9535) Overvalued in 2026?
Based on GuruFocus' analysis, Hiroshima Gas Co stock appears to be overvalued.
The current stock price of 円431.00 is trading 22.6% above its estimated GF Value™ of 円351.53.
GuruFocus considers Hiroshima Gas Co to be Modestly Overvalued.
Key valuation signals for TSE:9535:
ROC (Joel Greenblatt) %: 11.99% (95% above median its 10-year median of 6.15)
GF Value™: 円351.53 vs. price of 円431.00 (22.6% above fair value)
Industry Position: 42.4% above the Oil & Gas median (#610 of 999)
No single metric tells the full story. See the TSE:9535 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hiroshima Gas Co Ltd is a provider of gas in the Chugoku region of Japan. It engages in supply of gas business, sale of gas appliances, sales of liquefied natural gas, and electricity business. Its business segments include Gas business which includes production, supply and sale of city gas, wholesale supply of gas to other gas companies; LPG business includes sale of LPG, refilling of LPG tanks, sale of LPG devices and installation of LPG pipes, and Other activities include construction, engineering, installation of machinery, and information distribution.
62GF Score
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