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AF Legal GroupASX:AFL 44 ROC (Joel Greenblatt) % is 45.24% as of Dec. 2025. GuruFocus rates ASX:AFL with a GF Score™ of 44/100 and a GF Value™ of A$0.21 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 95 Personal Services companies, AF Legal Group ranks better than 72.63% 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. AF Legal Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 45.24%.
The historical rank and industry rank for AF Legal Group's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:AFL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3710.77 Med: -93.77 Max: 215.14
Current: 28.09
During the past 13 years, AF Legal Group's highest ROC (Joel Greenblatt) % was 215.14%. The lowest was -3710.77%. And the median was -93.77%.
ASX:AFL's ROC (Joel Greenblatt) % is ranked better than 72.63% of 95
companies
in the Personal Services industry
Industry Median: 12.21
vs ASX:AFL: 28.09
AF Legal Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
AF Legal Group (ASX:AFL) 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.
AF Legal Group ROC (Joel Greenblatt) % Related Terms
AF Legal Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for AF Legal Group'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.
ASX:AFL vs ROL, SCI, FTDR: ROC (Joel Greenblatt) % Comparison
For the Personal Services subindustry, AF Legal Group'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.
AF Legal Group ROC (Joel Greenblatt) % vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, AF Legal Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AF Legal Group's ROC (Joel Greenblatt) % falls into.
AF Legal Group 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 45.24% mean?
AF Legal Group (ASX:AFL) has a ROC (Joel Greenblatt) % of 45.24% 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 AF Legal Group and its competitors. According to the industry distribution chart, AF Legal Group ranks #26 out of 95 companies in the Personal Services industry, placing it in the top 27.4%.
Is AF Legal Group's ROC (Joel Greenblatt) % too high?
AF Legal Group's current ROC (Joel Greenblatt) % is 45.24%. The Personal Services industry median ROC (Joel Greenblatt) % is 12.21. AF Legal Group's value of 45.24% is 270.5% above this industry median. Based on the distribution chart, AF Legal Group ranks #26 out of 95 companies in the Personal Services industry, which is above the industry midpoint. Overall, AF Legal Group has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AF Legal Group's ROC (Joel Greenblatt) % compare to ROL and SCI?
According to the Personal Services industry distribution chart, AF Legal Group ranks #26 out of 95 companies for ROC (Joel Greenblatt) %. This puts AF Legal Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.21. AF Legal Group's value of 45.24% is 270.5% above 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 Personal Services company?
The median ROC (Joel Greenblatt) % among Personal Services companies is 12.21, based on 95 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. AF Legal Group's current ROC (Joel Greenblatt) % of 45.24% is 270.5% 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 AF Legal Group and its competitors. For the Personal Services industry, the median ROC (Joel Greenblatt) % is 12.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AF Legal Group's current ROC (Joel Greenblatt) % is 45.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AF Legal Group stock overvalued right now?
Based on GuruFocus' analysis, AF Legal Group (ASX:AFL) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.21, compared to a current price of A$0.13 — trading 38.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 45.24% and 270.5% above the Personal Services industry median of 12.21. AF Legal Group's overall GF Score™ is 44/100 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 AF Legal Group (ASX:AFL), the current ROC (Joel Greenblatt) % is 45.24% 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.
Is AF Legal Group (ASX:AFL) Overvalued in 2026?
Based on GuruFocus' analysis, AF Legal Group stock appears to be undervalued.
The current stock price of A$0.13 is trading 38.1% below its estimated GF Value™ of A$0.21.
GuruFocus considers AF Legal Group to be Possible Value Trap.
Key valuation signals for ASX:AFL:
ROC (Joel Greenblatt) %: 45.24%
GF Value™: A$0.21 vs. price of A$0.13 (38.1% below fair value)
Industry Position: 270.5% above the Personal Services median (#26 of 95)
No single metric tells the full story. See the ASX:AFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AF Legal Group Ltd is a law firm that specializes in family and relationship law and also in contested wills and estates law. The firm provides advice to clients in respect of divorce separation, property, and children's matters. Its services include property settlement, spousal maintenance, divorce, and separation, among others.
44GF Score
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