Viva Leisure (ASX:VVA) ROC (Joel Greenblatt) %: 6.01% (As of Dec. 2025) — 154% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:VVA Viva Leisure Ltd ASX:VVA
87 GF Score
Price A$1.51
GF Value A$2.04
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Viva Leisure ROC (Joel Greenblatt) %?

Viva Leisure ASX:VVA -1.31% 87 ROC (Joel Greenblatt) % is 6.01% as of Dec. 2025, which is 154% above its 10-year median of 2.37. GuruFocus rates ASX:VVA with a GF Score™ of 87/100 and a GF Value™ of A$2.04 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 847 Travel & Leisure companies, Viva Leisure ranks worse than 61.75% 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. Viva Leisure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.01%.

The historical rank and industry rank for Viva Leisure's ROC (Joel Greenblatt) % or its related term are showing as below:

ASX:VVA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.64   Med: 2.37   Max: 21.8
Current: 5.51

During the past 7 years, Viva Leisure's highest ROC (Joel Greenblatt) % was 21.80%. The lowest was -7.64%. And the median was 2.37%.

ASX:VVA's ROC (Joel Greenblatt) % is ranked worse than
61.75% of 847 companies
in the Travel & Leisure industry
Industry Median: 10 vs ASX:VVA: 5.51

Viva Leisure's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Viva Leisure  (ASX:VVA) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Viva Leisure ROC (Joel Greenblatt) % Related Terms


Viva Leisure ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Viva Leisure'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.

Viva Leisure ROC (Joel Greenblatt) % Chart

Viva Leisure Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial -3.41 -5.93 2.49 2.37 4.17

Viva Leisure Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.34 2.47 3.41 4.91 6.01

ASX:VVA vs AS, HAS, LTH: ROC (Joel Greenblatt) % Comparison

For the Leisure subindustry, Viva Leisure'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.


Viva Leisure ROC (Joel Greenblatt) % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Viva Leisure's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Viva Leisure's ROC (Joel Greenblatt) % falls into.


ASX:VVA
87GF Score
Viva Leisure Ltd ASX:VVA
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viva Leisure 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.856 + 1.271 + 2.039) - (17.896 + 0.904 + 9.772)
=-23.406

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.093 + 1.395 + 2.514) - (19.087 + 0.758 + 13.103)
=-24.946

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Viva Leisure for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=21.93/( ( (371.145 + max(-23.406, 0)) + (358.876 + max(-24.946, 0)) )/ 2 )
=21.93/( ( 371.145 + 358.876 )/ 2 )
=21.93/365.0105
=6.01 %

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 6.01% mean?
Viva Leisure (ASX:VVA) has a ROC (Joel Greenblatt) % of 6.01% 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 Viva Leisure and its competitors. This is 154% above median its historical median of 2.37. According to the industry distribution chart, Viva Leisure ranks #523 out of 847 companies in the Travel & Leisure industry, placing it in the top 61.7%.
Is Viva Leisure's ROC (Joel Greenblatt) % too high?
Viva Leisure's current ROC (Joel Greenblatt) % of 6.01% is 154% above median its 10-year median of 2.37. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.00. Viva Leisure's value of 6.01% is 39.9% below this industry median. Based on the distribution chart, Viva Leisure ranks #523 out of 847 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Viva Leisure has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viva Leisure's ROC (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Viva Leisure ranks #523 out of 847 companies for ROC (Joel Greenblatt) %. This places Viva Leisure in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.00. Viva Leisure's value of 6.01% is 39.9% below this benchmark. While the company's 10-year median is 2.37 vs. the industry median of 10.00, Viva Leisure has consistently been below 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.00, based on 847 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. Viva Leisure's current ROC (Joel Greenblatt) % of 6.01% is 39.9% below 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 Viva Leisure and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viva Leisure's current ROC (Joel Greenblatt) % is 6.01%, which is 154% above median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viva Leisure stock overvalued right now?
Based on GuruFocus' analysis, Viva Leisure (ASX:VVA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.04, compared to a current price of A$1.51 — trading 26% below its estimated fair value. The current ROC (Joel Greenblatt) % is 6.01%, which is 154% above median its 10-year median of 2.37 and 39.9% below the Travel & Leisure industry median of 10.00. Viva Leisure's overall GF Score™ is 87/100 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 Viva Leisure (ASX:VVA), the current ROC (Joel Greenblatt) % is 6.01% 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 Viva Leisure (ASX:VVA) Overvalued in 2026?

Based on GuruFocus' analysis, Viva Leisure stock appears to be undervalued. The current stock price of A$1.51 is trading 26% below its estimated GF Value™ of A$2.04. GuruFocus considers Viva Leisure to be Modestly Undervalued.

Key valuation signals for ASX:VVA:

  • ROC (Joel Greenblatt) %: 6.01% (154% above median its 10-year median of 2.37)
  • GF Value™: A$2.04 vs. price of A$1.51 (26% below fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 39.9% below the Travel & Leisure median (#523 of 847)

No single metric tells the full story. See the ASX:VVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Viva Leisure Business Description

Address 23 Challis Street, DKSN 2.0 North Building, Level 3, Dickson, Canberra, ACT, AUS, 2602
Viva Leisure Ltd is an Australia-based company engaged in operating health clubs within the health and leisure industry. It offers customers several different membership options and a range of different types of facilities, from box fitness facilities to boutique fitness facilities. The company brands include Clublime, Ladies Only, Psyclelife, Hiit Republic, Swim School, GymmyPT, and others. The group operates in one segment, health club operations. Geographically, it operates only in Australia.
87GF Score

Get the complete analysis for ASX:VVA

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$1.51
Price
A$2.04
GF Value