Toshiba TecTSHTY -0.76%75 ROC (Joel Greenblatt) % is 48.35% as of Mar. 2026, which is 164% above its 10-year median of 18.28. GuruFocus rates TSHTY with a GF Score™ of 75/100 and a GF Value™ of $11.26 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,493 Hardware companies, Toshiba Tec ranks worse than 55.07% 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. Toshiba Tec's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.35%.
The historical rank and industry rank for Toshiba Tec's ROC (Joel Greenblatt) % or its related term are showing as below:
TSHTY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.49 Med: 18.28 Max: 78.55
Current: 7.74
During the past 13 years, Toshiba Tec's highest ROC (Joel Greenblatt) % was 78.55%. The lowest was 0.49%. And the median was 18.28%.
TSHTY's ROC (Joel Greenblatt) % is ranked worse than 55.07% of 2493
companies
in the Hardware industry
Industry Median: 10.35
vs TSHTY: 7.74
Toshiba Tec's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 75.30% per year.
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.
Toshiba Tec ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Toshiba Tec'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.
TSHTY vs SNDK, DELL, STX: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, Toshiba Tec'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.
Toshiba Tec ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Toshiba Tec's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Toshiba Tec'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 48.35% mean?
Toshiba Tec (TSHTY) has a ROC (Joel Greenblatt) % of 48.35% 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 Toshiba Tec and its competitors. This is 164% above median its historical median of 18.28. Over the past decade, Toshiba Tec's ROC (Joel Greenblatt) % has ranged from 0.49 to 78.55. According to the industry distribution chart, Toshiba Tec ranks #1373 out of 2493 companies in the Hardware industry, placing it in the top 55.1%.
Is Toshiba Tec's ROC (Joel Greenblatt) % too high?
Toshiba Tec's current ROC (Joel Greenblatt) % of 48.35% is 164% above median its 10-year median of 18.28. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 78.55. The Hardware industry median ROC (Joel Greenblatt) % is 10.35. Toshiba Tec's value of 48.35% is 367.1% above this industry median. Based on the distribution chart, Toshiba Tec ranks #1373 out of 2493 companies in the Hardware industry, which is below the industry midpoint. Overall, Toshiba Tec has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toshiba Tec's ROC (Joel Greenblatt) % compare to SNDK and DELL?
According to the Hardware industry distribution chart, Toshiba Tec ranks #1373 out of 2493 companies for ROC (Joel Greenblatt) %. This places Toshiba Tec in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.35. Toshiba Tec's value of 48.35% is 367.1% above this benchmark. Historically, Toshiba Tec's own ROC (Joel Greenblatt) % has ranged from 0.49 to 78.55 over the past decade. While the company's 10-year median is 18.28 vs. the industry median of 10.35, Toshiba Tec 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.35, based on 2,493 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. Toshiba Tec's current ROC (Joel Greenblatt) % of 48.35% is 367.1% 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 Toshiba Tec and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toshiba Tec's current ROC (Joel Greenblatt) % is 48.35%, which is 164% above median its own 10-year median of 18.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toshiba Tec stock overvalued right now?
Based on GuruFocus' analysis, Toshiba Tec (TSHTY) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.26, compared to a current price of $9.13 — trading 18.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 48.35%, which is 164% above median its 10-year median of 18.28 and 367.1% above the Hardware industry median of 10.35. Toshiba Tec's overall GF Score™ is 75/100 with 3 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 Toshiba Tec (TSHTY), the current ROC (Joel Greenblatt) % is 48.35% 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 Toshiba Tec (TSHTY) Overvalued in 2026?
Based on GuruFocus' analysis, Toshiba Tec stock appears to be undervalued.
The current stock price of $9.13 is trading 18.9% below its estimated GF Value™ of $11.26.
GuruFocus considers Toshiba Tec to be Modestly Undervalued.
Key valuation signals for TSHTY:
ROC (Joel Greenblatt) %: 48.35% (164% above median its 10-year median of 18.28)
GF Value™: $11.26 vs. price of $9.13 (18.9% below fair value)
Industry Position: 367.1% above the Hardware median (#1373 of 2493)
No single metric tells the full story. See the TSHTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toshiba Tec Corp is a Japan-based company that designs, manufactures, and distributes office equipment and machinery. Its product lineup is organized in four segments--retail solutions, which includes point-of-sale systems, self-checkout machines, kiosks and displays; printing solutions, which includes desktop, mobile, barcode, and multifunction printers; inkjet solutions, which includes high resolution inkjet printers; and original design manufacturer solutions, which include print heads, power supplies, barcodes, knives, cutters, display units, and other modules. The firm has operations in the Americas, Europe, Middle East and Africa, and Asia-Pacific regions.
75GF Score
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