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Saison Technology CoTSE:9640 +0.10%67 ROC (Joel Greenblatt) % is 219.17% as of Mar. 2026, which is 71% above its 10-year median of 128.54. GuruFocus rates TSE:9640 with a GF Score™ of 67/100 and a GF Value™ of 円1,701.00 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,815 Software companies, Saison Technology Co ranks better than 77.12% 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. Saison Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 219.17%.
The historical rank and industry rank for Saison Technology Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:9640'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 61.63 Med: 128.54 Max: 201.62
Current: 130.15
During the past 13 years, Saison Technology Co's highest ROC (Joel Greenblatt) % was 201.62%. The lowest was 61.63%. And the median was 128.54%.
TSE:9640's ROC (Joel Greenblatt) % is ranked better than 77.12% of 2815
companies
in the Software industry
Industry Median: 20.05
vs TSE:9640: 130.15
Saison Technology Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.90% per year.
Saison Technology Co (TSE:9640) 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.
Saison Technology Co ROC (Joel Greenblatt) % Related Terms
Saison Technology Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Saison Technology 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.
Saison Technology Co ROC (Joel Greenblatt) % Chart
TSE:9640 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Saison Technology 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.
Saison Technology Co ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Saison Technology Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Saison Technology Co's ROC (Joel Greenblatt) % falls into.
Saison Technology 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 219.17% mean?
Saison Technology Co (TSE:9640) has a ROC (Joel Greenblatt) % of 219.17% 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 Saison Technology Co and its competitors. This is 71% above median its historical median of 128.54. Over the past decade, Saison Technology Co's ROC (Joel Greenblatt) % has ranged from 61.63 to 201.62. According to the industry distribution chart, Saison Technology Co ranks #644 out of 2815 companies in the Software industry, placing it in the top 22.9%.
Is Saison Technology Co's ROC (Joel Greenblatt) % too high?
Saison Technology Co's current ROC (Joel Greenblatt) % of 219.17% is 71% above median its 10-year median of 128.54. Over the past 10 years, this metric has ranged from a low of 61.63 to a high of 201.62. The Software industry median ROC (Joel Greenblatt) % is 20.05. Saison Technology Co's value of 219.17% is 993.1% above this industry median. Based on the distribution chart, Saison Technology Co ranks #644 out of 2815 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Saison Technology Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saison Technology Co's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Saison Technology Co ranks #644 out of 2815 companies for ROC (Joel Greenblatt) %. This places Saison Technology Co in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.05. Saison Technology Co's value of 219.17% is 993.1% above this benchmark. Historically, Saison Technology Co's own ROC (Joel Greenblatt) % has ranged from 61.63 to 201.62 over the past decade. While the company's 10-year median is 128.54 vs. the industry median of 20.05, Saison Technology 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.05, based on 2,815 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. Saison Technology Co's current ROC (Joel Greenblatt) % of 219.17% is 993.1% 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 Saison Technology Co and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saison Technology Co's current ROC (Joel Greenblatt) % is 219.17%, which is 71% above median its own 10-year median of 128.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saison Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Saison Technology Co (TSE:9640) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,701.00, compared to a current price of 円2,079.00 — trading 22.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 219.17%, which is 71% above median its 10-year median of 128.54 and 993.1% above the Software industry median of 20.05. Saison Technology Co's overall GF Score™ is 67/100 with 4 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 Saison Technology Co (TSE:9640), the current ROC (Joel Greenblatt) % is 219.17% 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 Saison Technology Co (TSE:9640) Overvalued in 2026?
Based on GuruFocus' analysis, Saison Technology Co stock appears to be overvalued.
The current stock price of 円2,079.00 is trading 22.2% above its estimated GF Value™ of 円1,701.00.
GuruFocus considers Saison Technology Co to be Modestly Overvalued.
Key valuation signals for TSE:9640:
ROC (Joel Greenblatt) %: 219.17% (71% above median its 10-year median of 128.54)
GF Value™: 円1,701.00 vs. price of 円2,079.00 (22.2% above fair value)
Industry Position: 993.1% above the Software median (#644 of 2815)
No single metric tells the full story. See the TSE:9640 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saison Technology Co Ltd is engaged in the Software package business, system development business, and operation business. The company is also involved in software package business. Its services include Service Platform Configuration/Operation, Multi-cloud Monitoring Service, Data Platform Business, Retail IT Service, and Financial IT Service.
67GF 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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