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NOMURA CoTSE:9716 -0.34%89 ROC (Joel Greenblatt) % is 59.20% as of Feb. 2026, which is 1% above its 10-year median of 58.65. GuruFocus rates TSE:9716 with a GF Score™ of 89/100 and a GF Value™ of 円1,105.07 (Fairly Valued). Among 1,779 Construction companies, NOMURA Co ranks better than 78.36% 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. NOMURA Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 59.20%.
The historical rank and industry rank for NOMURA Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:9716'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.41 Med: 58.65 Max: 106.34
Current: 54.28
During the past 13 years, NOMURA Co's highest ROC (Joel Greenblatt) % was 106.34%. The lowest was 22.41%. And the median was 58.65%.
TSE:9716's ROC (Joel Greenblatt) % is ranked better than 78.36% of 1779
companies
in the Construction industry
Industry Median: 19.68
vs TSE:9716: 54.28
NOMURA Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.70% per year.
NOMURA Co (TSE:9716) 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 NOMURA 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:9716 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, NOMURA 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.
NOMURA Co ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, NOMURA Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NOMURA 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 (Feb. 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 59.20% mean?
NOMURA Co (TSE:9716) has a ROC (Joel Greenblatt) % of 59.20% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on NOMURA Co and its competitors. This is near median its historical median of 58.65. Over the past decade, NOMURA Co's ROC (Joel Greenblatt) % has ranged from 22.41 to 106.34. According to the industry distribution chart, NOMURA Co ranks #385 out of 1779 companies in the Construction industry, placing it in the top 21.6%.
Is NOMURA Co's ROC (Joel Greenblatt) % too high?
NOMURA Co's current ROC (Joel Greenblatt) % of 59.20% is near median its 10-year median of 58.65. Over the past 10 years, this metric has ranged from a low of 22.41 to a high of 106.34. The Construction industry median ROC (Joel Greenblatt) % is 19.68. NOMURA Co's value of 59.20% is 200.8% above this industry median. Based on the distribution chart, NOMURA Co ranks #385 out of 1779 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, NOMURA Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NOMURA Co's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, NOMURA Co ranks #385 out of 1779 companies for ROC (Joel Greenblatt) %. This places NOMURA Co in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.68. NOMURA Co's value of 59.20% is 200.8% above this benchmark. Historically, NOMURA Co's own ROC (Joel Greenblatt) % has ranged from 22.41 to 106.34 over the past decade. While the company's 10-year median is 58.65 vs. the industry median of 19.68, NOMURA 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.68, based on 1,779 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. NOMURA Co's current ROC (Joel Greenblatt) % of 59.20% is 200.8% 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 NOMURA Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOMURA Co's current ROC (Joel Greenblatt) % is 59.20%, which is near median its own 10-year median of 58.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOMURA Co stock overvalued right now?
Based on GuruFocus' analysis, NOMURA Co (TSE:9716) is currently considered Fairly Valued. The stock's GF Value™ is 円1,105.07, compared to a current price of 円1,188.00 — trading 7.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 59.20%, which is near median its 10-year median of 58.65 and 200.8% above the Construction industry median of 19.68. NOMURA Co's overall GF Score™ is 89/100. 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 NOMURA Co (TSE:9716), the current ROC (Joel Greenblatt) % is 59.20% as of Feb. 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 NOMURA Co (TSE:9716) Overvalued in 2026?
Based on GuruFocus' analysis, NOMURA Co stock appears to be overvalued.
The current stock price of 円1,188.00 is trading 7.5% above its estimated GF Value™ of 円1,105.07.
GuruFocus considers NOMURA Co to be Fairly Valued.
Key valuation signals for TSE:9716:
ROC (Joel Greenblatt) %: 59.20% (near median its 10-year median of 58.65)
GF Value™: 円1,105.07 vs. price of 円1,188.00 (7.5% above fair value)
Industry Position: 200.8% above the Construction median (#385 of 1779)
No single metric tells the full story. See the TSE:9716 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NOMURA Co Ltd is a Japan-based company that is mainly engaged in the display business. The company provides consultancy, planning, designing, layout, creation, and construction services to help facilities attract visitors. In addition, it provides revitalization, operation, and management services for facilities and events. The facilities and event types that Nomura serves comprise retail shops, restaurants, medical facilities, department stores, commercial complexes, showrooms, company museums, museums, archives, art galleries, hotels, wedding halls, theme parks, amusement parks, sports facilities, sales promotion exhibitions and campaigns, expos, trade fairs, conference events, and so on. The company generates most of its sales from the Japanese domestic market.
89GF Score
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