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Horai CoTSE:9679 +0.04%78 ROC (Joel Greenblatt) % is 1.46% as of Mar. 2026, which is 61% below its 10-year median of 3.76. GuruFocus rates TSE:9679 with a GF Score™ of 78/100 and a GF Value™ of 円1,973.54 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 65 Insurance companies, Horai Co ranks worse than 81.54% 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. Horai Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.46%.
The historical rank and industry rank for Horai Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:9679'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.38 Med: 3.76 Max: 5.46
Current: 5.22
During the past 13 years, Horai Co's highest ROC (Joel Greenblatt) % was 5.46%. The lowest was 1.38%. And the median was 3.76%.
TSE:9679's ROC (Joel Greenblatt) % is ranked worse than 81.54% of 65
companies
in the Insurance industry
Industry Median: 79.14
vs TSE:9679: 5.22
Horai Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 24.20% per year.
Horai Co (TSE:9679) 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.
The historical data trend for Horai 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:9679 vs BRK.A, AIG, HIG: ROC (Joel Greenblatt) % Comparison
For the Insurance - Diversified subindustry, Horai 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.
Horai Co ROC (Joel Greenblatt) % vs Insurance Industry
For the Insurance industry and Financial Services sector, Horai Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Horai Co's ROC (Joel Greenblatt) % falls into.
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 1.46% mean?
Horai Co (TSE:9679) has a ROC (Joel Greenblatt) % of 1.46% 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 Horai Co and its competitors. This is 61% below median its historical median of 3.76. Over the past decade, Horai Co's ROC (Joel Greenblatt) % has ranged from 1.38 to 5.46. According to the industry distribution chart, Horai Co ranks #53 out of 65 companies in the Insurance industry, placing it in the top 81.5%.
Is Horai Co's ROC (Joel Greenblatt) % too high?
Horai Co's current ROC (Joel Greenblatt) % of 1.46% is 61% below median its 10-year median of 3.76. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 5.46. The Insurance industry median ROC (Joel Greenblatt) % is 79.14. Horai Co's value of 1.46% is 98.2% below this industry median. Based on the distribution chart, Horai Co ranks #53 out of 65 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Horai Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horai Co's ROC (Joel Greenblatt) % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Horai Co ranks #53 out of 65 companies for ROC (Joel Greenblatt) %. This places Horai Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 79.14. Horai Co's value of 1.46% is 98.2% below this benchmark. Historically, Horai Co's own ROC (Joel Greenblatt) % has ranged from 1.38 to 5.46 over the past decade. While the company's 10-year median is 3.76 vs. the industry median of 79.14, Horai Co has consistently been below 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 Insurance company?
The median ROC (Joel Greenblatt) % among Insurance companies is 79.14, based on 65 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. Horai Co's current ROC (Joel Greenblatt) % of 1.46% is 98.2% below 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 Horai Co and its competitors. For the Insurance industry, the median ROC (Joel Greenblatt) % is 79.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horai Co's current ROC (Joel Greenblatt) % is 1.46%, which is 61% below median its own 10-year median of 3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horai Co stock overvalued right now?
Based on GuruFocus' analysis, Horai Co (TSE:9679) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,973.54, compared to a current price of 円2,330.00 — trading 18.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1.46%, which is 61% below median its 10-year median of 3.76 and 98.2% below the Insurance industry median of 79.14. Horai Co's overall GF Score™ is 78/100 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 Horai Co (TSE:9679), the current ROC (Joel Greenblatt) % is 1.46% 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 Horai Co (TSE:9679) Overvalued in 2026?
Based on GuruFocus' analysis, Horai Co stock appears to be overvalued.
The current stock price of 円2,330.00 is trading 18.1% above its estimated GF Value™ of 円1,973.54.
GuruFocus considers Horai Co to be Modestly Overvalued.
Key valuation signals for TSE:9679:
ROC (Joel Greenblatt) %: 1.46% (61% below median its 10-year median of 3.76)
GF Value™: 円1,973.54 vs. price of 円2,330.00 (18.1% above fair value)
Industry Position: 98.2% below the Insurance median (#53 of 65)
No single metric tells the full story. See the TSE:9679 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horai Co Ltd is engaged in the insurance agency business, rental property operation and management, real estate buying and selling and brokerage, feed production, dairy cow breeding, production and sales of milk and dairy products, operation of restaurants and tourist facilities, and operation of golf courses. The company is mainly engaged in Insurance business.
78GF Score
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