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NSD CoTSE:9759 +1.21%96 ROC (Joel Greenblatt) % is 134.62% as of Mar. 2026, which is 1% above its 10-year median of 132.71. GuruFocus rates TSE:9759 with a GF Score™ of 96/100 and a GF Value™ of 円3,798.10 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,819 Software companies, NSD Co ranks better than 78.57% 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. NSD Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 134.62%.
The historical rank and industry rank for NSD Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:9759'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 50.78 Med: 132.71 Max: 193.84
Current: 145.56
During the past 13 years, NSD Co's highest ROC (Joel Greenblatt) % was 193.84%. The lowest was 50.78%. And the median was 132.71%.
TSE:9759's ROC (Joel Greenblatt) % is ranked better than 78.57% of 2819
companies
in the Software industry
Industry Median: 20.81
vs TSE:9759: 145.56
NSD Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.30% per year.
NSD Co (TSE:9759) 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 NSD 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:9759 vs QH, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, NSD 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.
NSD Co ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, NSD Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NSD 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 134.62% mean?
NSD Co (TSE:9759) has a ROC (Joel Greenblatt) % of 134.62% 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 NSD Co and its competitors. This is near median its historical median of 132.71. Over the past decade, NSD Co's ROC (Joel Greenblatt) % has ranged from 50.78 to 193.84. According to the industry distribution chart, NSD Co ranks #604 out of 2819 companies in the Software industry, placing it in the top 21.4%.
Is NSD Co's ROC (Joel Greenblatt) % too high?
NSD Co's current ROC (Joel Greenblatt) % of 134.62% is near median its 10-year median of 132.71. Over the past 10 years, this metric has ranged from a low of 50.78 to a high of 193.84. The Software industry median ROC (Joel Greenblatt) % is 20.81. NSD Co's value of 134.62% is 546.9% above this industry median. Based on the distribution chart, NSD Co ranks #604 out of 2819 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, NSD Co has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NSD Co's ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, NSD Co ranks #604 out of 2819 companies for ROC (Joel Greenblatt) %. This places NSD Co in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.81. NSD Co's value of 134.62% is 546.9% above this benchmark. Historically, NSD Co's own ROC (Joel Greenblatt) % has ranged from 50.78 to 193.84 over the past decade. While the company's 10-year median is 132.71 vs. the industry median of 20.81, NSD 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 20.81, based on 2,819 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. NSD Co's current ROC (Joel Greenblatt) % of 134.62% is 546.9% 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 NSD Co and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NSD Co's current ROC (Joel Greenblatt) % is 134.62%, which is near median its own 10-year median of 132.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NSD Co stock overvalued right now?
Based on GuruFocus' analysis, NSD Co (TSE:9759) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,798.10, compared to a current price of 円2,834.00 — trading 25.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 134.62%, which is near median its 10-year median of 132.71 and 546.9% above the Software industry median of 20.81. NSD Co's overall GF Score™ is 96/100 with 1 warning sign 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 NSD Co (TSE:9759), the current ROC (Joel Greenblatt) % is 134.62% 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 NSD Co (TSE:9759) Overvalued in 2026?
Based on GuruFocus' analysis, NSD Co stock appears to be undervalued.
The current stock price of 円2,834.00 is trading 25.4% below its estimated GF Value™ of 円3,798.10.
GuruFocus considers NSD Co to be Modestly Undervalued.
Key valuation signals for TSE:9759:
ROC (Joel Greenblatt) %: 134.62% (near median its 10-year median of 132.71)
GF Value™: 円3,798.10 vs. price of 円2,834.00 (25.4% below fair value)
Industry Position: 546.9% above the Software median (#604 of 2819)
No single metric tells the full story. See the TSE:9759 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NSD Co Ltd is a Japan-based software company. It is engaged in the development of software, as well as the operation and management of computer labs and the provision of information processing services. The company's major service includes System Analysis and Design, Customized Development of Software Programs Administration of Facilities Management, Sales of Packaged Software and Solutions. NSD provides the IT systems support that is essential to its customers' development and growth. The company is active across such wide-ranging fields as financing, manufacturing, telecommunications, distribution and the public sector.
96GF Score
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