Australian Agricultural ProjectsASX:AAP ROC (Joel Greenblatt) % is -6.29% as of Dec. 2025. The stock has 6 warning signs investors should review. Among 1,971 Consumer Packaged Goods companies, Australian Agricultural Projects ranks worse than 66.06% 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. Australian Agricultural Projects's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -6.29%.
The historical rank and industry rank for Australian Agricultural Projects's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:AAP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -34.47 Med: 8.13 Max: 15.88
Current: 5.73
During the past 13 years, Australian Agricultural Projects's highest ROC (Joel Greenblatt) % was 15.88%. The lowest was -34.47%. And the median was 8.13%.
ASX:AAP's ROC (Joel Greenblatt) % is ranked worse than 66.06% of 1971
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs ASX:AAP: 5.73
Australian Agricultural Projects (ASX:AAP) 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.
* 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.
Australian Agricultural Projects ROC (Joel Greenblatt) % Chart
ASX:AAP vs ADM, BG, TSN: ROC (Joel Greenblatt) % Comparison
For the Farm Products subindustry, Australian Agricultural Projects'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.
Australian Agricultural Projects ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Australian Agricultural Projects's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Australian Agricultural Projects's ROC (Joel Greenblatt) % falls into.
Australian Agricultural Projects 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 two times the semi-annual (Dec. 2025) 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 -6.29% mean?
Australian Agricultural Projects (ASX:AAP) has a ROC (Joel Greenblatt) % of -6.29% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Australian Agricultural Projects and its competitors. According to the industry distribution chart, Australian Agricultural Projects ranks #1302 out of 1971 companies in the Consumer Packaged Goods industry, placing it in the top 66.1%.
Is Australian Agricultural Projects' ROC (Joel Greenblatt) % too high?
Australian Agricultural Projects' current ROC (Joel Greenblatt) % is -6.29%. Based on the distribution chart, Australian Agricultural Projects ranks #1302 out of 1971 companies in the Consumer Packaged Goods industry, which is below the industry midpoint.
How does Australian Agricultural Projects' ROC (Joel Greenblatt) % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Australian Agricultural Projects ranks #1302 out of 1971 companies for ROC (Joel Greenblatt) %. This places Australian Agricultural Projects in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,971 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. 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 Australian Agricultural Projects and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Australian Agricultural Projects's current ROC (Joel Greenblatt) % is -6.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Agricultural Projects stock overvalued right now?
Based on GuruFocus' analysis, Australian Agricultural Projects (ASX:AAP) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.03, compared to a current price of A$0.07 — trading 146.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is -6.29%. 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 Australian Agricultural Projects (ASX:AAP), the current ROC (Joel Greenblatt) % is -6.29% as of Dec. 2025. 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.
Australian Agricultural Projects Business Description
Australian Agricultural Projects Ltd is an Australian company specializing in managing olive groves and investment schemes in Boort, Victoria. The company oversees projects including the Victorian Olive Oil Project, Victorian Olive Oil Project II, and a corporate project operated by Peppercorn Estate Limited. The orchards, situated near Boort in the Mallee region, benefit from a Mediterranean-like climate ideal for olive cultivation. Established during a period of expansion in Australian olive plantings, the company applies modern horticultural practices to produce high-quality olives. The company has also developed brands and a supply agreement with Boundary Bend Limited, linking product value to farm gate prices based on retail sales.
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