Microequities Asset Management GroupASX:MAM 45 ROC (Joel Greenblatt) % is 2,129.15% as of Dec. 2025, which is 21% below its 10-year median of 2,692.58. GuruFocus rates ASX:MAM with a GF Score™ of 45/100 and a GF Value™ of A$0.62 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 625 Asset Management companies, Microequities Asset Management Group ranks better than 87.04% 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. Microequities Asset Management Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2,129.15%.
The historical rank and industry rank for Microequities Asset Management Group's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:MAM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1088.71 Med: 2692.58 Max: 17602.73
Current: 1737.85
During the past 9 years, Microequities Asset Management Group's highest ROC (Joel Greenblatt) % was 17602.73%. The lowest was 1088.71%. And the median was 2692.58%.
ASX:MAM's ROC (Joel Greenblatt) % is ranked better than 87.04% of 625
companies
in the Asset Management industry
Industry Median: 63.35
vs ASX:MAM: 1737.85
Microequities Asset Management Group (ASX:MAM) 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.
* 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.
Microequities Asset Management Group ROC (Joel Greenblatt) % Chart
ASX:MAM vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Microequities Asset Management 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.
Microequities Asset Management Group ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Microequities Asset Management Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Microequities Asset Management Group's ROC (Joel Greenblatt) % falls into.
Microequities Asset Management 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 2,129.15% mean?
Microequities Asset Management Group (ASX:MAM) has a ROC (Joel Greenblatt) % of 2,129.15% 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 Microequities Asset Management Group and its competitors. This is 21% below median its historical median of 2,692.58. Over the past decade, Microequities Asset Management Group's ROC (Joel Greenblatt) % has ranged from 1,088.71 to 17,602.73. According to the industry distribution chart, Microequities Asset Management Group ranks #81 out of 625 companies in the Asset Management industry, placing it in the top 13%.
Is Microequities Asset Management Group's ROC (Joel Greenblatt) % too high?
Microequities Asset Management Group's current ROC (Joel Greenblatt) % of 2,129.15% is 21% below median its 10-year median of 2,692.58. Over the past 10 years, this metric has ranged from a low of 1,088.71 to a high of 17,602.73. The Asset Management industry median ROC (Joel Greenblatt) % is 63.35. Microequities Asset Management Group's value of 2,129.15% is 3260.9% above this industry median. Based on the distribution chart, Microequities Asset Management Group ranks #81 out of 625 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Microequities Asset Management Group has a GF Score™ of 45/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Microequities Asset Management Group's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Microequities Asset Management Group ranks #81 out of 625 companies for ROC (Joel Greenblatt) %. This places Microequities Asset Management Group in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 63.35. Microequities Asset Management Group's value of 2,129.15% is 3260.9% above this benchmark. Historically, Microequities Asset Management Group's own ROC (Joel Greenblatt) % has ranged from 1,088.71 to 17,602.73 over the past decade. While the company's 10-year median is 2,692.58 vs. the industry median of 63.35, Microequities Asset Management 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 63.35, based on 625 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. Microequities Asset Management Group's current ROC (Joel Greenblatt) % of 2,129.15% is 3260.9% 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 Microequities Asset Management Group and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Microequities Asset Management Group's current ROC (Joel Greenblatt) % is 2,129.15%, which is 21% below median its own 10-year median of 2,692.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Microequities Asset Management Group stock overvalued right now?
Based on GuruFocus' analysis, Microequities Asset Management Group (ASX:MAM) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.62, compared to a current price of A$0.39 — trading 37.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2,129.15%, which is 21% below median its 10-year median of 2,692.58 and 3260.9% above the Asset Management industry median of 63.35. Microequities Asset Management Group's overall GF Score™ is 45/100 with 4 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 Microequities Asset Management Group (ASX:MAM), the current ROC (Joel Greenblatt) % is 2,129.15% 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 Microequities Asset Management Group (ASX:MAM) Overvalued in 2026?
Based on GuruFocus' analysis, Microequities Asset Management Group stock appears to be undervalued.
The current stock price of A$0.39 is trading 37.1% below its estimated GF Value™ of A$0.62.
GuruFocus considers Microequities Asset Management Group to be Significantly Undervalued.
Key valuation signals for ASX:MAM:
ROC (Joel Greenblatt) %: 2,129.15% (21% below median its 10-year median of 2,692.58)
GF Value™: A$0.62 vs. price of A$0.39 (37.1% below fair value)
Industry Position: 3260.9% above the Asset Management median (#81 of 625)
No single metric tells the full story. See the ASX:MAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Microequities Asset Management Group Business Description
Microequities Asset Management Group Ltd is an asset management firm. It is a boutique value driven Fund manager specialised in exchange listed industrial microcap and small cap companies.
45GF Score
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