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. American Outdoor Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 7.54%.
The historical rank and industry rank for American Outdoor Brands's ROC (Joel Greenblatt) % or its related term are showing as below:
AOUT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -38.37 Med: -6.24 Max: 22.36
Current: -3.52
During the past 9 years, American Outdoor Brands's highest ROC (Joel Greenblatt) % was 22.36%. The lowest was -38.37%. And the median was -6.24%.
AOUT's ROC (Joel Greenblatt) % is ranked worse than 78.98% of 847
companies
in the Travel & Leisure industry
Industry Median: 10
vs AOUT: -3.52
American Outdoor Brands's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
American Outdoor Brands (NAS:AOUT) 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.
American Outdoor Brands ROC (Joel Greenblatt) % Related Terms
American Outdoor Brands ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for American Outdoor Brands'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.
American Outdoor Brands ROC (Joel Greenblatt) % Chart
AOUT vs PLBY, CLAR, PUSA: ROC (Joel Greenblatt) % Comparison
For the Leisure subindustry, American Outdoor Brands'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.
American Outdoor Brands ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, American Outdoor Brands's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where American Outdoor Brands's ROC (Joel Greenblatt) % falls into.
American Outdoor Brands 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 (Apr. 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 7.54% mean?
American Outdoor Brands (AOUT) has a ROC (Joel Greenblatt) % of 7.54% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on American Outdoor Brands and its competitors. According to the industry distribution chart, American Outdoor Brands ranks #669 out of 847 companies in the Travel & Leisure industry, placing it in the top 79%.
Is American Outdoor Brands' ROC (Joel Greenblatt) % too high?
American Outdoor Brands' current ROC (Joel Greenblatt) % is 7.54%. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.00. American Outdoor Brands' value of 7.54% is 24.6% below this industry median. Based on the distribution chart, American Outdoor Brands ranks #669 out of 847 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, American Outdoor Brands has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does American Outdoor Brands' ROC (Joel Greenblatt) % compare to PLBY and CLAR?
According to the Travel & Leisure industry distribution chart, American Outdoor Brands ranks #669 out of 847 companies for ROC (Joel Greenblatt) %. This places American Outdoor Brands in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.00. American Outdoor Brands' value of 7.54% is 24.6% below this benchmark. 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.00, based on 847 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. American Outdoor Brands's current ROC (Joel Greenblatt) % of 7.54% is 24.6% below 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 American Outdoor Brands and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Outdoor Brands's current ROC (Joel Greenblatt) % is 7.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Outdoor Brands stock overvalued right now?
Based on GuruFocus' analysis, American Outdoor Brands (AOUT) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.11, compared to a current price of $13.48 — trading 48% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.54% and 24.6% below the Travel & Leisure industry median of 10.00. American Outdoor Brands' overall GF Score™ is 59/100 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 American Outdoor Brands (AOUT), the current ROC (Joel Greenblatt) % is 7.54% as of Apr. 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 American Outdoor Brands (AOUT) Overvalued in 2026?
Based on GuruFocus' analysis, American Outdoor Brands stock appears to be overvalued.
The current stock price of $13.48 is trading 48% above its estimated GF Value™ of $9.11.
GuruFocus considers American Outdoor Brands to be Significantly Overvalued.
Key valuation signals for AOUT:
ROC (Joel Greenblatt) %: 7.54%
GF Value™: $9.11 vs. price of $13.48 (48% above fair value)
Industry Position: 24.6% below the Travel & Leisure median (#669 of 847)
No single metric tells the full story. See the AOUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Outdoor Brands Inc is engaged in the business of providing outdoor products and accessories for hunting, fishing, camping, shooting, and personal security and defense products. The company designs and produces products and accessories, including shooting supplies, rest, vaults, and other related accessories; premium sportsman knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; electro-optical devices, including hunting optics, firearm aiming devices, flashlights, and laser grips; reloading, gunsmithing, and firearm cleaning supplies; and survival, camping, and emergency preparedness products.
59GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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