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. Ackermans & Van Haaren NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 21.46%.
The historical rank and industry rank for Ackermans & Van Haaren NV's ROC (Joel Greenblatt) % or its related term are showing as below:
AVHNF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.69 Med: 23.32 Max: 33.81
Current: 23.41
During the past 13 years, Ackermans & Van Haaren NV's highest ROC (Joel Greenblatt) % was 33.81%. The lowest was 12.69%. And the median was 23.32%.
AVHNF's ROC (Joel Greenblatt) % is ranked better than 55.04% of 1775
companies
in the Construction industry
Industry Median: 19.37
vs AVHNF: 23.41
Ackermans & Van Haaren NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 15.40% per year.
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.
Ackermans & Van Haaren NV ROC (Joel Greenblatt) % Related Terms
Ackermans & Van Haaren NV ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ackermans & Van Haaren NV'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.
Ackermans & Van Haaren NV ROC (Joel Greenblatt) % Chart
AVHNF vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Ackermans & Van Haaren NV'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.
Ackermans & Van Haaren NV ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Ackermans & Van Haaren NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ackermans & Van Haaren NV's ROC (Joel Greenblatt) % falls into.
Ackermans & Van Haaren NV 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 21.46% mean?
Ackermans & Van Haaren NV (AVHNF) has a ROC (Joel Greenblatt) % of 21.46% 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 Ackermans & Van Haaren NV and its competitors. This is near median its historical median of 23.32. Over the past decade, Ackermans & Van Haaren NV's ROC (Joel Greenblatt) % has ranged from 12.69 to 33.81. According to the industry distribution chart, Ackermans & Van Haaren NV ranks #798 out of 1775 companies in the Construction industry, placing it in the top 45%.
Is Ackermans & Van Haaren NV's ROC (Joel Greenblatt) % too high?
Ackermans & Van Haaren NV's current ROC (Joel Greenblatt) % of 21.46% is near median its 10-year median of 23.32. Over the past 10 years, this metric has ranged from a low of 12.69 to a high of 33.81. The Construction industry median ROC (Joel Greenblatt) % is 19.37. Ackermans & Van Haaren NV's value of 21.46% is 10.8% above this industry median. Based on the distribution chart, Ackermans & Van Haaren NV ranks #798 out of 1775 companies in the Construction industry, which is above the industry midpoint. Overall, Ackermans & Van Haaren NV has a GF Scoreâ„¢ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Ackermans & Van Haaren NV's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Ackermans & Van Haaren NV ranks #798 out of 1775 companies for ROC (Joel Greenblatt) %. This puts Ackermans & Van Haaren NV in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.37. Ackermans & Van Haaren NV's value of 21.46% is 10.8% above this benchmark. Historically, Ackermans & Van Haaren NV's own ROC (Joel Greenblatt) % has ranged from 12.69 to 33.81 over the past decade. While the company's 10-year median is 23.32 vs. the industry median of 19.37, Ackermans & Van Haaren NV 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.37, based on 1,775 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. Ackermans & Van Haaren NV's current ROC (Joel Greenblatt) % of 21.46% is 10.8% 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 Ackermans & Van Haaren NV and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ackermans & Van Haaren NV's current ROC (Joel Greenblatt) % is 21.46%, which is near median its own 10-year median of 23.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ackermans & Van Haaren NV stock overvalued right now?
Ackermans & Van Haaren NV (AVHNF) has a current ROC (Joel Greenblatt) % of 21.46%. The stock's GF Value™ is $226.64, compared to a current price of $311.60 — trading 37.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.46%, which is near median its 10-year median of 23.32 and 10.8% above the Construction industry median of 19.37. Ackermans & Van Haaren NV's overall GF Score™ is 72/100 with 9 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 Ackermans & Van Haaren NV (AVHNF), the current ROC (Joel Greenblatt) % is 21.46% 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 Ackermans & Van Haaren NV (AVHNF) Overvalued in 2026?
Based on GuruFocus' analysis, Ackermans & Van Haaren NV stock appears to be overvalued.
The current stock price of $311.60 is trading 37.5% above its estimated GF Value™ of $226.64.
Key valuation signals for AVHNF:
ROC (Joel Greenblatt) %: 21.46% (near median its 10-year median of 23.32)
GF Value™: $226.64 vs. price of $311.60 (37.5% above fair value)
Industry Position: 10.8% above the Construction median (#798 of 1775)
No single metric tells the full story. See the AVHNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ackermans & Van Haaren NV is an investment company. It is a diversified group active in Marine Engineering & Contracting, Private Banking, Real Estate, Energy & Resources, and Growth Capital. The company's business segments include: Marine Engineering and Contracting, Private Banking, Real Estate, Energy and Resources, and AvH and Growth Capital. The majority of revenue is derived from the Marine Engineering & Contracting segment.
72GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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