Axalta Coating SystemsAXTA +0.62%80 ROC (Joel Greenblatt) % is 29.04% as of Mar. 2026, which is 12% above its 10-year median of 25.84. GuruFocus rates AXTA with a GF Score™ of 80/100 and a GF Value™ of $33.31 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,606 Chemicals companies, Axalta Coating Systems ranks better than 90.04% 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. Axalta Coating Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.04%.
The historical rank and industry rank for Axalta Coating Systems's ROC (Joel Greenblatt) % or its related term are showing as below:
AXTA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.23 Med: 25.84 Max: 37.77
Current: 34.92
During the past 13 years, Axalta Coating Systems's highest ROC (Joel Greenblatt) % was 37.77%. The lowest was 15.23%. And the median was 25.84%.
AXTA's ROC (Joel Greenblatt) % is ranked better than 90.04% of 1606
companies
in the Chemicals industry
Industry Median: 9.38
vs AXTA: 34.92
Axalta Coating Systems's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.20% per year.
Axalta Coating Systems (NYSE:AXTA) 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.
Axalta Coating Systems ROC (Joel Greenblatt) % Related Terms
Axalta Coating Systems ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Axalta Coating Systems'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.
Axalta Coating Systems ROC (Joel Greenblatt) % Chart
AXTA vs NEU, EMN, PRM: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Axalta Coating Systems'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.
Axalta Coating Systems ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Axalta Coating Systems's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Axalta Coating Systems's ROC (Joel Greenblatt) % falls into.
Axalta Coating Systems 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 29.04% mean?
Axalta Coating Systems (AXTA) has a ROC (Joel Greenblatt) % of 29.04% 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 Axalta Coating Systems and its competitors. This is 12% above median its historical median of 25.84. Over the past decade, Axalta Coating Systems' ROC (Joel Greenblatt) % has ranged from 15.23 to 37.77. According to the industry distribution chart, Axalta Coating Systems ranks #160 out of 1606 companies in the Chemicals industry, placing it in the top 10%.
Is Axalta Coating Systems' ROC (Joel Greenblatt) % too high?
Axalta Coating Systems' current ROC (Joel Greenblatt) % of 29.04% is 12% above median its 10-year median of 25.84. Over the past 10 years, this metric has ranged from a low of 15.23 to a high of 37.77. The Chemicals industry median ROC (Joel Greenblatt) % is 9.38. Axalta Coating Systems' value of 29.04% is 209.6% above this industry median. Based on the distribution chart, Axalta Coating Systems ranks #160 out of 1606 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Axalta Coating Systems has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axalta Coating Systems' ROC (Joel Greenblatt) % compare to NEU and EMN?
According to the Chemicals industry distribution chart, Axalta Coating Systems ranks #160 out of 1606 companies for ROC (Joel Greenblatt) %. This places Axalta Coating Systems in the top 10% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.38. Axalta Coating Systems' value of 29.04% is 209.6% above this benchmark. Historically, Axalta Coating Systems' own ROC (Joel Greenblatt) % has ranged from 15.23 to 37.77 over the past decade. While the company's 10-year median is 25.84 vs. the industry median of 9.38, Axalta Coating Systems 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.38, based on 1,606 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. Axalta Coating Systems's current ROC (Joel Greenblatt) % of 29.04% is 209.6% 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 Axalta Coating Systems and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axalta Coating Systems's current ROC (Joel Greenblatt) % is 29.04%, which is 12% above median its own 10-year median of 25.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axalta Coating Systems stock overvalued right now?
Based on GuruFocus' analysis, Axalta Coating Systems (AXTA) is currently considered Fairly Valued. The stock's GF Value™ is $33.31, compared to a current price of $34.22 — trading 2.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 29.04%, which is 12% above median its 10-year median of 25.84 and 209.6% above the Chemicals industry median of 9.38. Axalta Coating Systems' overall GF Score™ is 80/100 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 Axalta Coating Systems (AXTA), the current ROC (Joel Greenblatt) % is 29.04% 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 Axalta Coating Systems (AXTA) Overvalued in 2026?
Based on GuruFocus' analysis, Axalta Coating Systems stock appears to be overvalued.
The current stock price of $34.22 is trading 2.7% above its estimated GF Value™ of $33.31.
GuruFocus considers Axalta Coating Systems to be Fairly Valued.
Key valuation signals for AXTA:
ROC (Joel Greenblatt) %: 29.04% (12% above median its 10-year median of 25.84)
GF Value™: $33.31 vs. price of $34.22 (2.7% above fair value)
Industry Position: 209.6% above the Chemicals median (#160 of 1606)
No single metric tells the full story. See the AXTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axalta Coating Systems Ltd is a manufacturer, marketer, and distributor of high-performance coatings systems. It operates in two segments: Performance Coatings and Mobility Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. Its end markets include refinish and industrial, and the Mobility Coatings segment relates to the provision of coating technologies to original equipment manufacturers of light and commercial vehicles. The majority of its revenue is generated from the Mobility Coatings segment. Geographically, the company generates maximum revenue from the Europe, Middle East and Africa (EMEA) region, followed by North America, Asia Pacific, and Latin America.
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