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SoftBankWBO:SFTC 76 ROC (Joel Greenblatt) % is 20.88% as of Mar. 2026, which is 47% below its 10-year median of 39.28. GuruFocus rates WBO:SFTC with a GF Score™ of 76/100 and a GF Value™ of €1.12. The stock has 5 warning signs investors should review. Among 363 Telecommunication Services companies, SoftBank ranks better than 77.69% 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. SoftBank's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.88%.
The historical rank and industry rank for SoftBank's ROC (Joel Greenblatt) % or its related term are showing as below:
WBO:SFTC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 32.62 Med: 39.28 Max: 44.37
Current: 37.97
During the past 12 years, SoftBank's highest ROC (Joel Greenblatt) % was 44.37%. The lowest was 32.62%. And the median was 39.28%.
WBO:SFTC's ROC (Joel Greenblatt) % is ranked better than 77.69% of 363
companies
in the Telecommunication Services industry
Industry Median: 15.03
vs WBO:SFTC: 37.97
SoftBank's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.60% 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.
The historical data trend for SoftBank'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.
WBO:SFTC vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, SoftBank'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.
SoftBank ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, SoftBank's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SoftBank'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 20.88% mean?
SoftBank (WBO:SFTC) has a ROC (Joel Greenblatt) % of 20.88% 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 SoftBank and its competitors. This is 47% below median its historical median of 39.28. Over the past decade, SoftBank's ROC (Joel Greenblatt) % has ranged from 32.62 to 44.37. According to the industry distribution chart, SoftBank ranks #81 out of 363 companies in the Telecommunication Services industry, placing it in the top 22.3%.
Is SoftBank's ROC (Joel Greenblatt) % too high?
SoftBank's current ROC (Joel Greenblatt) % of 20.88% is 47% below median its 10-year median of 39.28. Over the past 10 years, this metric has ranged from a low of 32.62 to a high of 44.37. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 15.03. SoftBank's value of 20.88% is 38.9% above this industry median. Based on the distribution chart, SoftBank ranks #81 out of 363 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, SoftBank has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does SoftBank's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, SoftBank ranks #81 out of 363 companies for ROC (Joel Greenblatt) %. This places SoftBank in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 15.03. SoftBank's value of 20.88% is 38.9% above this benchmark. Historically, SoftBank's own ROC (Joel Greenblatt) % has ranged from 32.62 to 44.37 over the past decade. While the company's 10-year median is 39.28 vs. the industry median of 15.03, SoftBank 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 15.03, based on 363 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. SoftBank's current ROC (Joel Greenblatt) % of 20.88% is 38.9% 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 SoftBank and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 15.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SoftBank's current ROC (Joel Greenblatt) % is 20.88%, which is 47% below median its own 10-year median of 39.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SoftBank stock overvalued right now?
SoftBank (WBO:SFTC) has a current ROC (Joel Greenblatt) % of 20.88%. The stock's GF Value™ is €1.12, compared to a current price of €1.06 — trading 5.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 20.88%, which is 47% below median its 10-year median of 39.28 and 38.9% above the Telecommunication Services industry median of 15.03. SoftBank's overall GF Score™ is 76/100 with 5 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 SoftBank (WBO:SFTC), the current ROC (Joel Greenblatt) % is 20.88% 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 SoftBank (WBO:SFTC) Overvalued in 2026?
Based on GuruFocus' analysis, SoftBank stock appears to be undervalued.
The current stock price of €1.06 is trading 5.6% below its estimated GF Value™ of €1.12.
Key valuation signals for WBO:SFTC:
ROC (Joel Greenblatt) %: 20.88% (47% below median its 10-year median of 39.28)
GF Value™: €1.12 vs. price of €1.06 (5.6% below fair value)
Industry Position: 38.9% above the Telecommunication Services median (#81 of 363)
No single metric tells the full story. See the WBO:SFTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SoftBank is an established, telecommunications services provider in Japan owning a mobile network with around 50 million mobile customers and 24% market share. It also provides some fixed line services, which are mostly resold so are low margin. The company also owns 32.4% of LY Corp, and SoftBank and LY Corp each own 32% of PayPay so SoftBank consolidates PayPay. SoftBank Group sold 33.5% of SoftBank Corp in an IPO in 2018 and has since sold down further to a 40% holding.
76GF Score
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