Thrace Plastics Holding and CommercialATH:PLAT +2.41%78 ROC (Joel Greenblatt) % is 10.56% as of Mar. 2026, which is 2% above its 10-year median of 10.31. GuruFocus rates ATH:PLAT with a GF Score™ of 78/100 and a GF Value™ of €4.45 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,060 Manufacturing - Apparel & Accessories companies, Thrace Plastics Holding and Commercial ranks better than 54.43% 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. Thrace Plastics Holding and Commercial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.56%.
ATH:PLAT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.51 Med: 10.31 Max: 42.56
Current: 10.05
During the past 13 years, Thrace Plastics Holding and Commercial's highest ROC (Joel Greenblatt) % was 42.56%. The lowest was 6.51%. And the median was 10.31%.
ATH:PLAT's ROC (Joel Greenblatt) % is ranked better than 54.43% of 1060
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.44
vs ATH:PLAT: 10.05
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.
Thrace Plastics Holding and Commercial ROC (Joel Greenblatt) % Chart
Thrace Plastics Holding and Commercial Annual Data
ATH:PLAT vs AIN: ROC (Joel Greenblatt) % Comparison
For the Textile Manufacturing subindustry, Thrace Plastics Holding and Commercial'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.
Thrace Plastics Holding and Commercial ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thrace Plastics Holding and Commercial's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thrace Plastics Holding and Commercial's ROC (Joel Greenblatt) % falls into.
Thrace Plastics Holding and Commercial 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 four times the quarterly (Mar. 2026) 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 10.56% mean?
Thrace Plastics Holding and Commercial (ATH:PLAT) has a ROC (Joel Greenblatt) % of 10.56% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Thrace Plastics Holding and Commercial and its competitors. This is near median its historical median of 10.31. Over the past decade, Thrace Plastics Holding and Commercial's ROC (Joel Greenblatt) % has ranged from 6.51 to 42.56. According to the industry distribution chart, Thrace Plastics Holding and Commercial ranks #483 out of 1060 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 45.6%.
Is Thrace Plastics Holding and Commercial's ROC (Joel Greenblatt) % too high?
Thrace Plastics Holding and Commercial's current ROC (Joel Greenblatt) % of 10.56% is near median its 10-year median of 10.31. Over the past 10 years, this metric has ranged from a low of 6.51 to a high of 42.56. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.44. Thrace Plastics Holding and Commercial's value of 10.56% is 25.1% above this industry median. Based on the distribution chart, Thrace Plastics Holding and Commercial ranks #483 out of 1060 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Thrace Plastics Holding and Commercial has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thrace Plastics Holding and Commercial's ROC (Joel Greenblatt) % compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Thrace Plastics Holding and Commercial ranks #483 out of 1060 companies for ROC (Joel Greenblatt) %. This puts Thrace Plastics Holding and Commercial in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.44. Thrace Plastics Holding and Commercial's value of 10.56% is 25.1% above this benchmark. Historically, Thrace Plastics Holding and Commercial's own ROC (Joel Greenblatt) % has ranged from 6.51 to 42.56 over the past decade. While the company's 10-year median is 10.31 vs. the industry median of 8.44, Thrace Plastics Holding and Commercial 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.44, based on 1,060 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. Thrace Plastics Holding and Commercial's current ROC (Joel Greenblatt) % of 10.56% is 25.1% 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 Thrace Plastics Holding and Commercial and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thrace Plastics Holding and Commercial's current ROC (Joel Greenblatt) % is 10.56%, which is near median its own 10-year median of 10.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thrace Plastics Holding and Commercial stock overvalued right now?
Based on GuruFocus' analysis, Thrace Plastics Holding and Commercial (ATH:PLAT) is currently considered Fairly Valued. The stock's GF Value™ is €4.45, compared to a current price of €4.67 — trading 4.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.56%, which is near median its 10-year median of 10.31 and 25.1% above the Manufacturing - Apparel & Accessories industry median of 8.44. Thrace Plastics Holding and Commercial's overall GF Score™ is 78/100 with 8 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 Thrace Plastics Holding and Commercial (ATH:PLAT), the current ROC (Joel Greenblatt) % is 10.56% as of Mar. 2026. 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 Thrace Plastics Holding and Commercial (ATH:PLAT) Overvalued in 2026?
Based on GuruFocus' analysis, Thrace Plastics Holding and Commercial stock appears to be overvalued.
The current stock price of €4.67 is trading 4.8% above its estimated GF Value™ of €4.45.
GuruFocus considers Thrace Plastics Holding and Commercial to be Fairly Valued.
Key valuation signals for ATH:PLAT:
ROC (Joel Greenblatt) %: 10.56% (near median its 10-year median of 10.31)
GF Value™: €4.45 vs. price of €4.67 (4.8% above fair value)
Industry Position: 25.1% above the Manufacturing - Apparel & Accessories median (#483 of 1060)
No single metric tells the full story. See the ATH:PLAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thrace Plastics Holding and Commercial Business Description
Thrace Plastics Holding and Commercial SA are engaged in the production and distribution of polypropylene products. The business segments of the company are the technical fabrics sector which is concerned with the production and trade of synthetic fabrics for industrial and technical uses; packaging sector which is concerned with production and trade of industrial products, including mainly bags and palletizing film for the packaging of fertilizers, fish feed, animal feed and chemical and inert materials; and Other, that includes agriculture sector. Geographically, the company generates majority of its revenue from European Union Countries.
78GF Score
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