Freightways GroupASX:FRW +3.75%67 ROC (Joel Greenblatt) % is 35.80% as of Dec. 2025, which is 7% below its 10-year median of 38.45. GuruFocus rates ASX:FRW with a GF Score™ of 67/100 and a GF Value™ of A$9.79 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 997 Transportation companies, Freightways Group ranks better than 68.3% 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. Freightways Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 35.80%.
The historical rank and industry rank for Freightways Group's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:FRW'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.47 Med: 38.45 Max: 138.8
Current: 18.47
During the past 13 years, Freightways Group's highest ROC (Joel Greenblatt) % was 138.80%. The lowest was 18.47%. And the median was 38.45%.
ASX:FRW's ROC (Joel Greenblatt) % is ranked better than 68.3% of 997
companies
in the Transportation industry
Industry Median: 11.77
vs ASX:FRW: 18.47
Freightways Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.60% per year.
Freightways Group (ASX:FRW) 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.
Freightways Group ROC (Joel Greenblatt) % Related Terms
Freightways Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Freightways 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:FRW vs UPS, FDX, JBHT: ROC (Joel Greenblatt) % Comparison
For the Integrated Freight & Logistics subindustry, Freightways 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.
Freightways Group ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Freightways Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Freightways Group's ROC (Joel Greenblatt) % falls into.
Freightways 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 35.80% mean?
Freightways Group (ASX:FRW) has a ROC (Joel Greenblatt) % of 35.80% 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 Freightways Group and its competitors. This is near median its historical median of 38.45. Over the past decade, Freightways Group's ROC (Joel Greenblatt) % has ranged from 18.47 to 138.80. According to the industry distribution chart, Freightways Group ranks #316 out of 997 companies in the Transportation industry, placing it in the top 31.7%.
Is Freightways Group's ROC (Joel Greenblatt) % too high?
Freightways Group's current ROC (Joel Greenblatt) % of 35.80% is near median its 10-year median of 38.45. Over the past 10 years, this metric has ranged from a low of 18.47 to a high of 138.80. The Transportation industry median ROC (Joel Greenblatt) % is 11.77. Freightways Group's value of 35.80% is 204.2% above this industry median. Based on the distribution chart, Freightways Group ranks #316 out of 997 companies in the Transportation industry, which is above the industry midpoint. Overall, Freightways Group has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freightways Group's ROC (Joel Greenblatt) % compare to UPS and FDX?
According to the Transportation industry distribution chart, Freightways Group ranks #316 out of 997 companies for ROC (Joel Greenblatt) %. This puts Freightways Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.77. Freightways Group's value of 35.80% is 204.2% above this benchmark. Historically, Freightways Group's own ROC (Joel Greenblatt) % has ranged from 18.47 to 138.80 over the past decade. While the company's 10-year median is 38.45 vs. the industry median of 11.77, Freightways 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.77, based on 997 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. Freightways Group's current ROC (Joel Greenblatt) % of 35.80% is 204.2% 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 Freightways Group and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freightways Group's current ROC (Joel Greenblatt) % is 35.80%, which is near median its own 10-year median of 38.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freightways Group stock overvalued right now?
Based on GuruFocus' analysis, Freightways Group (ASX:FRW) is currently considered Modestly Overvalued. The stock's GF Value™ is A$9.79, compared to a current price of A$11.89 — trading 21.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 35.80%, which is near median its 10-year median of 38.45 and 204.2% above the Transportation industry median of 11.77. Freightways Group's overall GF Score™ is 67/100 with 8 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 Freightways Group (ASX:FRW), the current ROC (Joel Greenblatt) % is 35.80% 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 Freightways Group (ASX:FRW) Overvalued in 2026?
Based on GuruFocus' analysis, Freightways Group stock appears to be overvalued.
The current stock price of A$11.89 is trading 21.5% above its estimated GF Value™ of A$9.79.
GuruFocus considers Freightways Group to be Modestly Overvalued.
Key valuation signals for ASX:FRW:
ROC (Joel Greenblatt) %: 35.80% (near median its 10-year median of 38.45)
GF Value™: A$9.79 vs. price of A$11.89 (21.5% above fair value)
Industry Position: 204.2% above the Transportation median (#316 of 997)
No single metric tells the full story. See the ASX:FRW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Freightways Group Ltd is a provider of express package services throughout New Zealand and Australia. The company is organized into three reportable segments: Express Package and Business Mail, Information Management, and Corporate and others. The Express Package and Business Mail segment covers network courier, point-to-point courier, and postal services. Information management comprises secure paper-based and electronic business information management services. Corporate and other comprises corporate, financing, and property management services. Key revenue is derived from the Express Package and Business Mail divisions.
67GF Score
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