Aristocrat LeisureASX:ALL -0.21%93 ROC (Joel Greenblatt) % is 237.63% as of Mar. 2026, which is 10% below its 10-year median of 265.12. GuruFocus rates ASX:ALL with a GF Score™ of 93/100 and a GF Value™ of A$53.18 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 844 Travel & Leisure companies, Aristocrat Leisure ranks better than 93.72% 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. Aristocrat Leisure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 237.63%.
The historical rank and industry rank for Aristocrat Leisure's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:ALL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 106.12 Med: 265.12 Max: 344.73
Current: 238.44
During the past 13 years, Aristocrat Leisure's highest ROC (Joel Greenblatt) % was 344.73%. The lowest was 106.12%. And the median was 265.12%.
ASX:ALL's ROC (Joel Greenblatt) % is ranked better than 93.72% of 844
companies
in the Travel & Leisure industry
Industry Median: 10.08
vs ASX:ALL: 238.44
Aristocrat Leisure's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 15.50% per year.
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.
Aristocrat Leisure ROC (Joel Greenblatt) % Related Terms
Aristocrat Leisure ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Aristocrat Leisure'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:ALL vs FLUT, DKNG, SGHC: ROC (Joel Greenblatt) % Comparison
For the Gambling subindustry, Aristocrat Leisure'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.
Aristocrat Leisure ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Aristocrat Leisure's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aristocrat Leisure'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 two times the semi-annual (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 237.63% mean?
Aristocrat Leisure (ASX:ALL) has a ROC (Joel Greenblatt) % of 237.63% 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 Aristocrat Leisure and its competitors. This is 10% below median its historical median of 265.12. Over the past decade, Aristocrat Leisure's ROC (Joel Greenblatt) % has ranged from 106.12 to 344.73. According to the industry distribution chart, Aristocrat Leisure ranks #53 out of 844 companies in the Travel & Leisure industry, placing it in the top 6.3%.
Is Aristocrat Leisure's ROC (Joel Greenblatt) % too high?
Aristocrat Leisure's current ROC (Joel Greenblatt) % of 237.63% is 10% below median its 10-year median of 265.12. Over the past 10 years, this metric has ranged from a low of 106.12 to a high of 344.73. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.08. Aristocrat Leisure's value of 237.63% is 2257.4% above this industry median. Based on the distribution chart, Aristocrat Leisure ranks #53 out of 844 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Aristocrat Leisure has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aristocrat Leisure's ROC (Joel Greenblatt) % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Aristocrat Leisure ranks #53 out of 844 companies for ROC (Joel Greenblatt) %. This places Aristocrat Leisure in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.08. Aristocrat Leisure's value of 237.63% is 2257.4% above this benchmark. Historically, Aristocrat Leisure's own ROC (Joel Greenblatt) % has ranged from 106.12 to 344.73 over the past decade. While the company's 10-year median is 265.12 vs. the industry median of 10.08, Aristocrat Leisure 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.08, based on 844 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. Aristocrat Leisure's current ROC (Joel Greenblatt) % of 237.63% is 2257.4% 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 Aristocrat Leisure and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aristocrat Leisure's current ROC (Joel Greenblatt) % is 237.63%, which is 10% below median its own 10-year median of 265.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aristocrat Leisure stock overvalued right now?
Based on GuruFocus' analysis, Aristocrat Leisure (ASX:ALL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$53.18, compared to a current price of A$61.40 — trading 15.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 237.63%, which is 10% below median its 10-year median of 265.12 and 2257.4% above the Travel & Leisure industry median of 10.08. Aristocrat Leisure's overall GF Score™ is 93/100 with 1 warning sign 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 Aristocrat Leisure (ASX:ALL), the current ROC (Joel Greenblatt) % is 237.63% 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 Aristocrat Leisure (ASX:ALL) Overvalued in 2026?
Based on GuruFocus' analysis, Aristocrat Leisure stock appears to be overvalued.
The current stock price of A$61.40 is trading 15.5% above its estimated GF Value™ of A$53.18.
GuruFocus considers Aristocrat Leisure to be Modestly Overvalued.
Key valuation signals for ASX:ALL:
ROC (Joel Greenblatt) %: 237.63% (10% below median its 10-year median of 265.12)
GF Value™: A$53.18 vs. price of A$61.40 (15.5% above fair value)
Industry Position: 2257.4% above the Travel & Leisure median (#53 of 844)
No single metric tells the full story. See the ASX:ALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. The company also develops and distributes mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
93GF Score
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