FSA GroupASX:FSA 78 ROC (Joel Greenblatt) % is 735.75% as of Dec. 2025, which is 300% above its 10-year median of 183.94. GuruFocus rates ASX:FSA with a GF Score™ of 78/100 and a GF Value™ of A$1.43 (Fairly Valued). The stock has 10 warning signs investors should review. Among 413 Credit Services companies, FSA Group ranks better than 83.54% 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. FSA Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 735.75%.
The historical rank and industry rank for FSA Group's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:FSA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 112.78 Med: 183.94 Max: 632.41
Current: 614.54
During the past 13 years, FSA Group's highest ROC (Joel Greenblatt) % was 632.41%. The lowest was 112.78%. And the median was 183.94%.
ASX:FSA's ROC (Joel Greenblatt) % is ranked better than 83.54% of 413
companies
in the Credit Services industry
Industry Median: 38.19
vs ASX:FSA: 614.54
FSA Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 29.00% per year.
FSA Group (ASX:FSA) 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.
The historical data trend for FSA 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:FSA vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, FSA 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.
FSA Group ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, FSA Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where FSA Group'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 735.75% mean?
FSA Group (ASX:FSA) has a ROC (Joel Greenblatt) % of 735.75% 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 FSA Group and its competitors. This is 300% above median its historical median of 183.94. Over the past decade, FSA Group's ROC (Joel Greenblatt) % has ranged from 112.78 to 632.41. According to the industry distribution chart, FSA Group ranks #68 out of 413 companies in the Credit Services industry, placing it in the top 16.5%.
Is FSA Group's ROC (Joel Greenblatt) % too high?
FSA Group's current ROC (Joel Greenblatt) % of 735.75% is 300% above median its 10-year median of 183.94. Over the past 10 years, this metric has ranged from a low of 112.78 to a high of 632.41. The Credit Services industry median ROC (Joel Greenblatt) % is 38.19. FSA Group's value of 735.75% is 1826.6% above this industry median. Based on the distribution chart, FSA Group ranks #68 out of 413 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, FSA Group has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FSA Group's ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, FSA Group ranks #68 out of 413 companies for ROC (Joel Greenblatt) %. This places FSA Group in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 38.19. FSA Group's value of 735.75% is 1826.6% above this benchmark. Historically, FSA Group's own ROC (Joel Greenblatt) % has ranged from 112.78 to 632.41 over the past decade. While the company's 10-year median is 183.94 vs. the industry median of 38.19, FSA 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 Credit Services company?
The median ROC (Joel Greenblatt) % among Credit Services companies is 38.19, based on 413 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. FSA Group's current ROC (Joel Greenblatt) % of 735.75% is 1826.6% 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 FSA Group and its competitors. For the Credit Services industry, the median ROC (Joel Greenblatt) % is 38.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FSA Group's current ROC (Joel Greenblatt) % is 735.75%, which is 300% above median its own 10-year median of 183.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSA Group stock overvalued right now?
Based on GuruFocus' analysis, FSA Group (ASX:FSA) is currently considered Fairly Valued. The stock's GF Value™ is A$1.43, compared to a current price of A$1.34 — trading 6.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 735.75%, which is 300% above median its 10-year median of 183.94 and 1826.6% above the Credit Services industry median of 38.19. FSA Group's overall GF Score™ is 78/100 with 10 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 FSA Group (ASX:FSA), the current ROC (Joel Greenblatt) % is 735.75% 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 FSA Group (ASX:FSA) Overvalued in 2026?
Based on GuruFocus' analysis, FSA Group stock appears to be undervalued.
The current stock price of A$1.34 is trading 6.3% below its estimated GF Value™ of A$1.43.
GuruFocus considers FSA Group to be Fairly Valued.
Key valuation signals for ASX:FSA:
ROC (Joel Greenblatt) %: 735.75% (300% above median its 10-year median of 183.94)
GF Value™: A$1.43 vs. price of A$1.34 (6.3% below fair value)
Industry Position: 1826.6% above the Credit Services median (#68 of 413)
No single metric tells the full story. See the ASX:FSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FSA Group Ltd is an Australian company that provides credit services. It offers debt solutions and direct lending services to individuals and businesses. The company has divided its business into Home Loans and Asset Finance and Personal Loans and Others. The Home Loans and Asset Finance segment offers home loans to assist clients wishing to purchase a property or consolidate their debt, as well as asset finance for SMEs wishing to purchase a vehicle and business-critical equipment. Personal Loans offer car loans to assist clients in purchasing a motor vehicle and unsecured personal loans for any approved purpose. The company generates the majority of its revenue from Home Loans and Asset Finance.
78GF Score
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