Hellenic Telecommunication OrganizationATH:HTO +4.33%85 ROC (Joel Greenblatt) % is 34.87% as of Dec. 2025, which is 59% above its 10-year median of 21.88. GuruFocus rates ATH:HTO with a GF Score™ of 85/100 and a GF Value™ of €14.80 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 364 Telecommunication Services companies, Hellenic Telecommunication Organization ranks better than 72.8% 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. Hellenic Telecommunication Organization's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 34.87%.
ATH:HTO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.09 Med: 21.88 Max: 32.73
Current: 30.93
During the past 13 years, Hellenic Telecommunication Organization's highest ROC (Joel Greenblatt) % was 32.73%. The lowest was 13.09%. And the median was 21.88%.
ATH:HTO's ROC (Joel Greenblatt) % is ranked better than 72.8% of 364
companies
in the Telecommunication Services industry
Industry Median: 14.97
vs ATH:HTO: 30.93
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.
ATH:HTO vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Hellenic Telecommunication Organization'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.
Hellenic Telecommunication Organization ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Hellenic Telecommunication Organization's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hellenic Telecommunication Organization'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 four times the quarterly (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 34.87% mean?
Hellenic Telecommunication Organization (ATH:HTO) has a ROC (Joel Greenblatt) % of 34.87% 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 Hellenic Telecommunication Organization and its competitors. This is 59% above median its historical median of 21.88. Over the past decade, Hellenic Telecommunication Organization's ROC (Joel Greenblatt) % has ranged from 13.09 to 32.73. According to the industry distribution chart, Hellenic Telecommunication Organization ranks #99 out of 364 companies in the Telecommunication Services industry, placing it in the top 27.2%.
Is Hellenic Telecommunication Organization's ROC (Joel Greenblatt) % too high?
Hellenic Telecommunication Organization's current ROC (Joel Greenblatt) % of 34.87% is 59% above median its 10-year median of 21.88. Over the past 10 years, this metric has ranged from a low of 13.09 to a high of 32.73. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.97. Hellenic Telecommunication Organization's value of 34.87% is 132.9% above this industry median. Based on the distribution chart, Hellenic Telecommunication Organization ranks #99 out of 364 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Hellenic Telecommunication Organization has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hellenic Telecommunication Organization's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Hellenic Telecommunication Organization ranks #99 out of 364 companies for ROC (Joel Greenblatt) %. This puts Hellenic Telecommunication Organization in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 14.97. Hellenic Telecommunication Organization's value of 34.87% is 132.9% above this benchmark. Historically, Hellenic Telecommunication Organization's own ROC (Joel Greenblatt) % has ranged from 13.09 to 32.73 over the past decade. While the company's 10-year median is 21.88 vs. the industry median of 14.97, Hellenic Telecommunication Organization 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.97, based on 364 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. Hellenic Telecommunication Organization's current ROC (Joel Greenblatt) % of 34.87% is 132.9% 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 Hellenic Telecommunication Organization and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hellenic Telecommunication Organization's current ROC (Joel Greenblatt) % is 34.87%, which is 59% above median its own 10-year median of 21.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hellenic Telecommunication Organization stock overvalued right now?
Based on GuruFocus' analysis, Hellenic Telecommunication Organization (ATH:HTO) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.80, compared to a current price of €19.50 — trading 31.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 34.87%, which is 59% above median its 10-year median of 21.88 and 132.9% above the Telecommunication Services industry median of 14.97. Hellenic Telecommunication Organization's overall GF Score™ is 85/100 with 6 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 Hellenic Telecommunication Organization (ATH:HTO), the current ROC (Joel Greenblatt) % is 34.87% 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 Hellenic Telecommunication Organization (ATH:HTO) Overvalued in 2026?
Based on GuruFocus' analysis, Hellenic Telecommunication Organization stock appears to be overvalued.
The current stock price of €19.50 is trading 31.8% above its estimated GF Value™ of €14.80.
GuruFocus considers Hellenic Telecommunication Organization to be Significantly Overvalued.
Key valuation signals for ATH:HTO:
ROC (Joel Greenblatt) %: 34.87% (59% above median its 10-year median of 21.88)
GF Value™: €14.80 vs. price of €19.50 (31.8% above fair value)
Industry Position: 132.9% above the Telecommunication Services median (#99 of 364)
No single metric tells the full story. See the ATH:HTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hellenic Telecommunication Organization Business Description
Hellenic Telecommunication Organization SA is a telecommunications company that offers Internet access services, TV services, broadband, fixed-line services, and mobile telecommunication. The reportable segments of the company are as follows: i) Greece - Fixed business includes fixed-line services, internet access services, national and international wholesale services, and TV services in Greece. ii) Greece - Mobile business includes mobile telecommunications services and retail operations (shops). iii) TELEKOM ROMANIA MOBILE provides mobile telecommunications services in Romania.
85GF Score
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