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Arcs CoTSE:9948 +1.72%82 ROC (Joel Greenblatt) % is 12.62% as of May. 2026, which is 9% above its 10-year median of 11.56. GuruFocus rates TSE:9948 with a GF Score™ of 82/100 and a GF Value™ of 円3,174.68 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,129 Retail - Cyclical companies, Arcs Co ranks better than 52.17% 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. Arcs Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 12.62%.
The historical rank and industry rank for Arcs Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:9948'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.42 Med: 11.56 Max: 14.58
Current: 12.84
During the past 13 years, Arcs Co's highest ROC (Joel Greenblatt) % was 14.58%. The lowest was 9.42%. And the median was 11.56%.
TSE:9948's ROC (Joel Greenblatt) % is ranked better than 52.17% of 1129
companies
in the Retail - Cyclical industry
Industry Median: 11.63
vs TSE:9948: 12.84
Arcs Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.40% per year.
Arcs Co (TSE:9948) 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 Arcs 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:9948 vs DDS: ROC (Joel Greenblatt) % Comparison
For the Department Stores subindustry, Arcs 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.
Arcs Co ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Arcs Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Arcs 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 (May. 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 12.62% mean?
Arcs Co (TSE:9948) has a ROC (Joel Greenblatt) % of 12.62% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Arcs Co and its competitors. This is near median its historical median of 11.56. Over the past decade, Arcs Co's ROC (Joel Greenblatt) % has ranged from 9.42 to 14.58. According to the industry distribution chart, Arcs Co ranks #540 out of 1129 companies in the Retail - Cyclical industry, placing it in the top 47.8%.
Is Arcs Co's ROC (Joel Greenblatt) % too high?
Arcs Co's current ROC (Joel Greenblatt) % of 12.62% is near median its 10-year median of 11.56. Over the past 10 years, this metric has ranged from a low of 9.42 to a high of 14.58. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.63. Arcs Co's value of 12.62% is 8.5% above this industry median. Based on the distribution chart, Arcs Co ranks #540 out of 1129 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Arcs Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arcs Co's ROC (Joel Greenblatt) % compare to DDS?
According to the Retail - Cyclical industry distribution chart, Arcs Co ranks #540 out of 1129 companies for ROC (Joel Greenblatt) %. This puts Arcs Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.63. Arcs Co's value of 12.62% is 8.5% above this benchmark. Historically, Arcs Co's own ROC (Joel Greenblatt) % has ranged from 9.42 to 14.58 over the past decade. While the company's 10-year median is 11.56 vs. the industry median of 11.63, Arcs 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.63, based on 1,129 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. Arcs Co's current ROC (Joel Greenblatt) % of 12.62% is 8.5% 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 Arcs Co and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arcs Co's current ROC (Joel Greenblatt) % is 12.62%, which is near median its own 10-year median of 11.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcs Co stock overvalued right now?
Based on GuruFocus' analysis, Arcs Co (TSE:9948) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,174.68, compared to a current price of 円3,555.00 — trading 12% above its estimated fair value. The current ROC (Joel Greenblatt) % is 12.62%, which is near median its 10-year median of 11.56 and 8.5% above the Retail - Cyclical industry median of 11.63. Arcs Co's overall GF Score™ is 82/100 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 Arcs Co (TSE:9948), the current ROC (Joel Greenblatt) % is 12.62% as of May. 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 Arcs Co (TSE:9948) Overvalued in 2026?
Based on GuruFocus' analysis, Arcs Co stock appears to be overvalued.
The current stock price of 円3,555.00 is trading 12% above its estimated GF Value™ of 円3,174.68.
GuruFocus considers Arcs Co to be Modestly Overvalued.
Key valuation signals for TSE:9948:
ROC (Joel Greenblatt) %: 12.62% (near median its 10-year median of 11.56)
GF Value™: 円3,174.68 vs. price of 円3,555.00 (12% above fair value)
Industry Position: 8.5% above the Retail - Cyclical median (#540 of 1129)
No single metric tells the full story. See the TSE:9948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arcs Co Ltd is a Japan-based company principally engaged in the supermarket business. The company also operates other businesses through subsidiaries, including tourism, building maintenance, real estate leasing, property and casualty insurance, life insurance agency, wholesale, food manufacturing, industrial and general waste collection, and construction businesses. The group operates in a single segment related to retail.
82GF Score
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