Ashley Services GroupASX:ASH -3.64%57 ROC (Joel Greenblatt) % is 80.16% as of Dec. 2025, which is 9% above its 10-year median of 73.70. GuruFocus rates ASX:ASH with a GF Score™ of 57/100 and a GF Value™ of A$0.24 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,081 Business Services companies, Ashley Services Group ranks better than 64.75% 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. Ashley Services Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 80.16%.
The historical rank and industry rank for Ashley Services Group's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:ASH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1276.64 Med: 73.7 Max: 148.05
Current: 40
During the past 11 years, Ashley Services Group's highest ROC (Joel Greenblatt) % was 148.05%. The lowest was -1276.64%. And the median was 73.70%.
ASX:ASH's ROC (Joel Greenblatt) % is ranked better than 64.75% of 1081
companies
in the Business Services industry
Industry Median: 20.97
vs ASX:ASH: 40.00
Ashley Services Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.50% per year.
Ashley Services Group (ASX:ASH) 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.
Ashley Services Group ROC (Joel Greenblatt) % Related Terms
Ashley Services Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ashley Services 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.
Ashley Services Group ROC (Joel Greenblatt) % Chart
ASX:ASH vs KFY, RHI, TNET: ROC (Joel Greenblatt) % Comparison
For the Staffing & Employment Services subindustry, Ashley Services 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.
Ashley Services Group ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Ashley Services Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ashley Services Group's ROC (Joel Greenblatt) % falls into.
Ashley Services 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 80.16% mean?
Ashley Services Group (ASX:ASH) has a ROC (Joel Greenblatt) % of 80.16% 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 Ashley Services Group and its competitors. This is near median its historical median of 73.70. According to the industry distribution chart, Ashley Services Group ranks #381 out of 1081 companies in the Business Services industry, placing it in the top 35.2%.
Is Ashley Services Group's ROC (Joel Greenblatt) % too high?
Ashley Services Group's current ROC (Joel Greenblatt) % of 80.16% is near median its 10-year median of 73.70. The Business Services industry median ROC (Joel Greenblatt) % is 20.97. Ashley Services Group's value of 80.16% is 282.3% above this industry median. Based on the distribution chart, Ashley Services Group ranks #381 out of 1081 companies in the Business Services industry, which is above the industry midpoint. Overall, Ashley Services Group has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ashley Services Group's ROC (Joel Greenblatt) % compare to KFY and RHI?
According to the Business Services industry distribution chart, Ashley Services Group ranks #381 out of 1081 companies for ROC (Joel Greenblatt) %. This puts Ashley Services Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.97. Ashley Services Group's value of 80.16% is 282.3% above this benchmark. While the company's 10-year median is 73.70 vs. the industry median of 20.97, Ashley Services Group 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 20.97, based on 1,081 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. Ashley Services Group's current ROC (Joel Greenblatt) % of 80.16% is 282.3% 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 Ashley Services Group and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 20.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashley Services Group's current ROC (Joel Greenblatt) % is 80.16%, which is near median its own 10-year median of 73.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashley Services Group stock overvalued right now?
Based on GuruFocus' analysis, Ashley Services Group (ASX:ASH) is currently considered Fairly Valued. The stock's GF Value™ is A$0.24, compared to a current price of A$0.27 — trading 10.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 80.16%, which is near median its 10-year median of 73.70 and 282.3% above the Business Services industry median of 20.97. Ashley Services Group's overall GF Score™ is 57/100 with 7 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 Ashley Services Group (ASX:ASH), the current ROC (Joel Greenblatt) % is 80.16% 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 Ashley Services Group (ASX:ASH) Overvalued in 2026?
Based on GuruFocus' analysis, Ashley Services Group stock appears to be overvalued.
The current stock price of A$0.27 is trading 10.4% above its estimated GF Value™ of A$0.24.
GuruFocus considers Ashley Services Group to be Fairly Valued.
Key valuation signals for ASX:ASH:
ROC (Joel Greenblatt) %: 80.16% (near median its 10-year median of 73.70)
GF Value™: A$0.24 vs. price of A$0.27 (10.4% above fair value)
Industry Position: 282.3% above the Business Services median (#381 of 1081)
No single metric tells the full story. See the ASX:ASH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashley Services Group Ltd is engaged in staffing services. It is an integrated Labour Hire, Recruitment, and Training organization that has been delivering workforce management and business improvement programs. The group operates in two operating segments, namely Labour hire and Training. The group derives maximum revenue from providing Labour hire services. The organization operates in Australia.
57GF Score
Get the complete analysis for ASX:ASH
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:ASH has been successfully added to your 
