FlexiroamASX:FRX ROC (Joel Greenblatt) % is 173.74% as of Dec. 2025. The stock has 3 warning signs investors should review. Among 365 Telecommunication Services companies, Flexiroam ranks better than 89.86% 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. Flexiroam's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 173.74%.
The historical rank and industry rank for Flexiroam's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:FRX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13637.29 Med: -1834.74 Max: 77.23
Current: 77.23
During the past 10 years, Flexiroam's highest ROC (Joel Greenblatt) % was 77.23%. The lowest was -13637.29%. And the median was -1834.74%.
ASX:FRX's ROC (Joel Greenblatt) % is ranked better than 89.86% of 365
companies
in the Telecommunication Services industry
Industry Median: 14.96
vs ASX:FRX: 77.23
Flexiroam's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 60.20% 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 Flexiroam'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:FRX vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Flexiroam'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.
Flexiroam ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Flexiroam's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Flexiroam'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 173.74% mean?
Flexiroam (ASX:FRX) has a ROC (Joel Greenblatt) % of 173.74% 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 Flexiroam and its competitors. According to the industry distribution chart, Flexiroam ranks #37 out of 365 companies in the Telecommunication Services industry, placing it in the top 10.1%.
Is Flexiroam's ROC (Joel Greenblatt) % too high?
Flexiroam's current ROC (Joel Greenblatt) % is 173.74%. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.96. Flexiroam's value of 173.74% is 1061.4% above this industry median. Based on the distribution chart, Flexiroam ranks #37 out of 365 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers.
How does Flexiroam's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Flexiroam ranks #37 out of 365 companies for ROC (Joel Greenblatt) %. This places Flexiroam in the top 10% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.96. Flexiroam's value of 173.74% is 1061.4% 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.96, based on 365 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. Flexiroam's current ROC (Joel Greenblatt) % of 173.74% is 1061.4% 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 Flexiroam and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flexiroam's current ROC (Joel Greenblatt) % is 173.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flexiroam stock overvalued right now?
Based on GuruFocus' analysis, Flexiroam (ASX:FRX) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.02 — trading 80% above its estimated fair value. The current ROC (Joel Greenblatt) % is 173.74% and 1061.4% above the Telecommunication Services industry median of 14.96. 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 Flexiroam (ASX:FRX), the current ROC (Joel Greenblatt) % is 173.74% 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.
Flexiroam Ltd is a virtual network operator engaged in the supply of eSIM & Physical SIM-based data solutions into the international Roaming and Solutions segments. The operating segment includes Travel and Business-to-Business (B2B). The travel segment provides mobile data connectivity solutions to consumers. Revenue is generated through two primary channels: direct-to-consumer sales and the brand partnership channel, where connectivity is provided to the end-customers of enterprise partners. The Business-to-Business (B2B) segment provides wholesale connectivity solutions and other technology services directly to business clients.
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