Adecco Group AGAHEXF 65 ROC (Joel Greenblatt) % is 41.19% as of Mar. 2026, which is 29% below its 10-year median of 57.83. GuruFocus rates AHEXF with a GF Score™ of 65/100 and a GF Value™ of $34.72 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,081 Business Services companies, Adecco Group AG ranks better than 63.64% 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. Adecco Group AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 41.19%.
The historical rank and industry rank for Adecco Group AG's ROC (Joel Greenblatt) % or its related term are showing as below:
AHEXF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.8 Med: 57.83 Max: 180.42
Current: 37.99
During the past 13 years, Adecco Group AG's highest ROC (Joel Greenblatt) % was 180.42%. The lowest was 8.80%. And the median was 57.83%.
AHEXF's ROC (Joel Greenblatt) % is ranked better than 63.64% of 1081
companies
in the Business Services industry
Industry Median: 20.97
vs AHEXF: 37.99
Adecco Group AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 17.50% per year.
Adecco Group AG (OTCPK:AHEXF) 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.
Adecco Group AG ROC (Joel Greenblatt) % Related Terms
Adecco Group AG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Adecco Group AG'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.
AHEXF vs KFY, RHI, TNET: ROC (Joel Greenblatt) % Comparison
For the Staffing & Employment Services subindustry, Adecco Group AG'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.
Adecco Group AG ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Adecco Group AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Adecco Group AG's ROC (Joel Greenblatt) % falls into.
Adecco Group AG ROC (Joel Greenblatt) % Calculation
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 41.19% mean?
Adecco Group AG (AHEXF) has a ROC (Joel Greenblatt) % of 41.19% 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 Adecco Group AG and its competitors. This is 29% below median its historical median of 57.83. Over the past decade, Adecco Group AG's ROC (Joel Greenblatt) % has ranged from 8.80 to 180.42. According to the industry distribution chart, Adecco Group AG ranks #393 out of 1081 companies in the Business Services industry, placing it in the top 36.4%.
Is Adecco Group AG's ROC (Joel Greenblatt) % too high?
Adecco Group AG's current ROC (Joel Greenblatt) % of 41.19% is 29% below median its 10-year median of 57.83. Over the past 10 years, this metric has ranged from a low of 8.80 to a high of 180.42. The Business Services industry median ROC (Joel Greenblatt) % is 20.97. Adecco Group AG's value of 41.19% is 96.4% above this industry median. Based on the distribution chart, Adecco Group AG ranks #393 out of 1081 companies in the Business Services industry, which is above the industry midpoint. Overall, Adecco Group AG has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adecco Group AG's ROC (Joel Greenblatt) % compare to KFY and RHI?
According to the Business Services industry distribution chart, Adecco Group AG ranks #393 out of 1081 companies for ROC (Joel Greenblatt) %. This puts Adecco Group AG in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.97. Adecco Group AG's value of 41.19% is 96.4% above this benchmark. Historically, Adecco Group AG's own ROC (Joel Greenblatt) % has ranged from 8.80 to 180.42 over the past decade. While the company's 10-year median is 57.83 vs. the industry median of 20.97, Adecco Group AG 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 20.97, based on 1,081 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. Adecco Group AG's current ROC (Joel Greenblatt) % of 41.19% is 96.4% 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 Adecco Group AG and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 20.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adecco Group AG's current ROC (Joel Greenblatt) % is 41.19%, which is 29% below median its own 10-year median of 57.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adecco Group AG stock overvalued right now?
Based on GuruFocus' analysis, Adecco Group AG (AHEXF) is currently considered Significantly Undervalued. The stock's GF Value™ is $34.72, compared to a current price of $21.71 — trading 37.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 41.19%, which is 29% below median its 10-year median of 57.83 and 96.4% above the Business Services industry median of 20.97. Adecco Group AG's overall GF Score™ is 65/100 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 Adecco Group AG (AHEXF), the current ROC (Joel Greenblatt) % is 41.19% 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 Adecco Group AG (AHEXF) Overvalued in 2026?
Based on GuruFocus' analysis, Adecco Group AG stock appears to be undervalued.
The current stock price of $21.71 is trading 37.5% below its estimated GF Value™ of $34.72.
GuruFocus considers Adecco Group AG to be Significantly Undervalued.
Key valuation signals for AHEXF:
ROC (Joel Greenblatt) %: 41.19% (29% below median its 10-year median of 57.83)
GF Value™: $34.72 vs. price of $21.71 (37.5% below fair value)
Industry Position: 96.4% above the Business Services median (#393 of 1081)
No single metric tells the full story. See the AHEXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adecco Group provides human capital solutions. The majority of its revenue comes from flexible placement, but the company also offers permanent placement, career transition, outsourcing, and consulting services in engineering, digital, and IT. The company is organized into three business units—Adecco, Akkodis, and LHH—and operates in over 60 countries.
65GF Score
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