CountASX:CUP 56 ROC (Joel Greenblatt) % is 165.20% as of Dec. 2025, which is 98% above its 10-year median of 83.25. GuruFocus rates ASX:CUP with a GF Score™ of 56/100 and a GF Value™ of A$0.77 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,080 Business Services companies, Count ranks better than 85.09% 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. Count's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 165.20%.
The historical rank and industry rank for Count's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:CUP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 43.89 Med: 83.25 Max: 482.69
Current: 134.54
During the past 13 years, Count's highest ROC (Joel Greenblatt) % was 482.69%. The lowest was 43.89%. And the median was 83.25%.
ASX:CUP's ROC (Joel Greenblatt) % is ranked better than 85.09% of 1080
companies
in the Business Services industry
Industry Median: 20.91
vs ASX:CUP: 134.54
Count's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.30% 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.
The historical data trend for Count'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:CUP vs CTAS, CPRT, ULS: ROC (Joel Greenblatt) % Comparison
For the Specialty Business Services subindustry, Count'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.
Count ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Count's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Count'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 (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 165.20% mean?
Count (ASX:CUP) has a ROC (Joel Greenblatt) % of 165.20% 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 Count and its competitors. This is 98% above median its historical median of 83.25. Over the past decade, Count's ROC (Joel Greenblatt) % has ranged from 43.89 to 482.69. According to the industry distribution chart, Count ranks #161 out of 1080 companies in the Business Services industry, placing it in the top 14.9%.
Is Count's ROC (Joel Greenblatt) % too high?
Count's current ROC (Joel Greenblatt) % of 165.20% is 98% above median its 10-year median of 83.25. Over the past 10 years, this metric has ranged from a low of 43.89 to a high of 482.69. The Business Services industry median ROC (Joel Greenblatt) % is 20.91. Count's value of 165.20% is 690.1% above this industry median. Based on the distribution chart, Count ranks #161 out of 1080 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Count has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Count's ROC (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Count ranks #161 out of 1080 companies for ROC (Joel Greenblatt) %. This places Count in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.91. Count's value of 165.20% is 690.1% above this benchmark. Historically, Count's own ROC (Joel Greenblatt) % has ranged from 43.89 to 482.69 over the past decade. While the company's 10-year median is 83.25 vs. the industry median of 20.91, Count 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 20.91, based on 1,080 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. Count's current ROC (Joel Greenblatt) % of 165.20% is 690.1% 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 Count and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 20.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Count's current ROC (Joel Greenblatt) % is 165.20%, which is 98% above median its own 10-year median of 83.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Count stock overvalued right now?
Based on GuruFocus' analysis, Count (ASX:CUP) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.77, compared to a current price of A$1.05 — trading 36.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 165.20%, which is 98% above median its 10-year median of 83.25 and 690.1% above the Business Services industry median of 20.91. Count's overall GF Score™ is 56/100 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 Count (ASX:CUP), the current ROC (Joel Greenblatt) % is 165.20% 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 Count (ASX:CUP) Overvalued in 2026?
Based on GuruFocus' analysis, Count stock appears to be overvalued.
The current stock price of A$1.05 is trading 36.4% above its estimated GF Value™ of A$0.77.
GuruFocus considers Count to be Significantly Overvalued.
Key valuation signals for ASX:CUP:
ROC (Joel Greenblatt) %: 165.20% (98% above median its 10-year median of 83.25)
GF Value™: A$0.77 vs. price of A$1.05 (36.4% above fair value)
Industry Position: 690.1% above the Business Services median (#161 of 1080)
No single metric tells the full story. See the ASX:CUP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Count Ltd is Australia's leading network of integrated accounting and wealth services firms. The Group is organised into three operating segments:- Equity Partnerships, Wealth, and Services. The Equity Partnerships segment includes investments into firms that provide accounting, audit and assurance, taxation, financial planning services and business and corporate advisory services. The Wealth segment includes financial services and investment products provided by Australian Financial Services Licence (AFSL) holders. The Services segment includes services that support the activities of accounting and financial planning firms both internal and external to the Group's network. The company generates maximum of its revenue from Equity Partnerships segment.
56GF Score
Get the complete analysis for ASX:CUP
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:CUP has been successfully added to your 
