AEON CoAONNF +3.71%69 ROC (Joel Greenblatt) % is 13.71% as of Feb. 2026, which is 112% above its 10-year median of 6.46. GuruFocus rates AONNF with a GF Score™ of 69/100 and a GF Value™ of $8.70 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,124 Retail - Cyclical companies, AEON Co ranks worse than 61.48% 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. AEON Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 13.71%.
The historical rank and industry rank for AEON Co's ROC (Joel Greenblatt) % or its related term are showing as below:
AONNF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.78 Med: 6.46 Max: 7.02
Current: 6.95
During the past 13 years, AEON Co's highest ROC (Joel Greenblatt) % was 7.02%. The lowest was 2.78%. And the median was 6.46%.
AONNF's ROC (Joel Greenblatt) % is ranked worse than 61.48% of 1124
companies
in the Retail - Cyclical industry
Industry Median: 11.525
vs AONNF: 6.95
AEON Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 15.40% per year.
AEON Co (OTCPK:AONNF) 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 AEON 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.
AONNF vs DDS, M: ROC (Joel Greenblatt) % Comparison
For the Department Stores subindustry, AEON 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.
AEON Co ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, AEON Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AEON 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 (Feb. 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 13.71% mean?
AEON Co (AONNF) has a ROC (Joel Greenblatt) % of 13.71% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on AEON Co and its competitors. This is 112% above median its historical median of 6.46. Over the past decade, AEON Co's ROC (Joel Greenblatt) % has ranged from 2.78 to 7.02. According to the industry distribution chart, AEON Co ranks #691 out of 1124 companies in the Retail - Cyclical industry, placing it in the top 61.5%.
Is AEON Co's ROC (Joel Greenblatt) % too high?
AEON Co's current ROC (Joel Greenblatt) % of 13.71% is 112% above median its 10-year median of 6.46. Over the past 10 years, this metric has ranged from a low of 2.78 to a high of 7.02. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.53. AEON Co's value of 13.71% is 19% above this industry median. Based on the distribution chart, AEON Co ranks #691 out of 1124 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, AEON Co has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AEON Co's ROC (Joel Greenblatt) % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, AEON Co ranks #691 out of 1124 companies for ROC (Joel Greenblatt) %. This places AEON Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.53. AEON Co's value of 13.71% is 19% above this benchmark. Historically, AEON Co's own ROC (Joel Greenblatt) % has ranged from 2.78 to 7.02 over the past decade. While the company's 10-year median is 6.46 vs. the industry median of 11.53, AEON 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 11.53, based on 1,124 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. AEON Co's current ROC (Joel Greenblatt) % of 13.71% is 19% 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 AEON Co and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AEON Co's current ROC (Joel Greenblatt) % is 13.71%, which is 112% above median its own 10-year median of 6.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AEON Co stock overvalued right now?
Based on GuruFocus' analysis, AEON Co (AONNF) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.70, compared to a current price of $9.75 — trading 12.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.71%, which is 112% above median its 10-year median of 6.46 and 19% above the Retail - Cyclical industry median of 11.53. AEON Co's overall GF Score™ is 69/100 with 6 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 AEON Co (AONNF), the current ROC (Joel Greenblatt) % is 13.71% as of Feb. 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 AEON Co (AONNF) Overvalued in 2026?
Based on GuruFocus' analysis, AEON Co stock appears to be overvalued.
The current stock price of $9.75 is trading 12.1% above its estimated GF Value™ of $8.70.
GuruFocus considers AEON Co to be Modestly Overvalued.
Key valuation signals for AONNF:
ROC (Joel Greenblatt) %: 13.71% (112% above median its 10-year median of 6.46)
GF Value™: $8.70 vs. price of $9.75 (12.1% above fair value)
Industry Position: 19% above the Retail - Cyclical median (#691 of 1124)
No single metric tells the full story. See the AONNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AEON Co Ltd is a holding company engaged in comprehensive finance, development, and services with a focus on retail businesses. The Comprehensive Finance segment covers credit cards, banking, insurance, and related services. The Developer segment handles shopping center development, leasing, facility management, amusement, and restaurants. The Discount Store (DS) segment operates discount stores, while the General Supermarket (GMS) segment includes supermarkets and bento delicatessen specialty stores. The Health & Wellness segment runs drugstores and pharmacies. The International segment focuses on retail in ASEAN and China. Services/Specialty Store includes casual fashion, footwear, and variety goods. Supermarket (SM) operates supermarkets, convenience stores, and small outlets.
69GF Score
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