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Azelis Group NVAZLGF 74 ROC (Joel Greenblatt) % is 27.99% as of Dec. 2025, which is 51% below its 10-year median of 57.23. GuruFocus rates AZLGF with a GF Score™ of 74/100 and a GF Value™ of $18.43 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,604 Chemicals companies, Azelis Group NV ranks better than 90.65% 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. Azelis Group NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 27.99%.
The historical rank and industry rank for Azelis Group NV's ROC (Joel Greenblatt) % or its related term are showing as below:
AZLGF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 37.16 Med: 57.23 Max: 81.07
Current: 37.16
During the past 8 years, Azelis Group NV's highest ROC (Joel Greenblatt) % was 81.07%. The lowest was 37.16%. And the median was 57.23%.
AZLGF's ROC (Joel Greenblatt) % is ranked better than 90.65% of 1604
companies
in the Chemicals industry
Industry Median: 9.645
vs AZLGF: 37.16
Azelis Group NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.40% per year.
Azelis Group NV (OTCPK:AZLGF) 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.
Azelis Group NV ROC (Joel Greenblatt) % Related Terms
Azelis Group NV ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Azelis Group 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.
AZLGF vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Azelis Group 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.
Azelis Group NV ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Azelis Group NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Azelis Group NV's ROC (Joel Greenblatt) % falls into.
Azelis Group 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 27.99% mean?
Azelis Group NV (AZLGF) has a ROC (Joel Greenblatt) % of 27.99% 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 Azelis Group NV and its competitors. This is 51% below median its historical median of 57.23. Over the past decade, Azelis Group NV's ROC (Joel Greenblatt) % has ranged from 37.16 to 81.07. According to the industry distribution chart, Azelis Group NV ranks #150 out of 1604 companies in the Chemicals industry, placing it in the top 9.4%.
Is Azelis Group NV's ROC (Joel Greenblatt) % too high?
Azelis Group NV's current ROC (Joel Greenblatt) % of 27.99% is 51% below median its 10-year median of 57.23. Over the past 10 years, this metric has ranged from a low of 37.16 to a high of 81.07. The Chemicals industry median ROC (Joel Greenblatt) % is 9.65. Azelis Group NV's value of 27.99% is 190.2% above this industry median. Based on the distribution chart, Azelis Group NV ranks #150 out of 1604 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Azelis Group NV has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Azelis Group NV's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Azelis Group NV ranks #150 out of 1604 companies for ROC (Joel Greenblatt) %. This places Azelis Group NV in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.65. Azelis Group NV's value of 27.99% is 190.2% above this benchmark. Historically, Azelis Group NV's own ROC (Joel Greenblatt) % has ranged from 37.16 to 81.07 over the past decade. While the company's 10-year median is 57.23 vs. the industry median of 9.65, Azelis Group 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.65, based on 1,604 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. Azelis Group NV's current ROC (Joel Greenblatt) % of 27.99% is 190.2% 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 Azelis Group NV and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azelis Group NV's current ROC (Joel Greenblatt) % is 27.99%, which is 51% below median its own 10-year median of 57.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azelis Group NV stock overvalued right now?
Based on GuruFocus' analysis, Azelis Group NV (AZLGF) is currently considered Significantly Undervalued. The stock's GF Value™ is $18.43, compared to a current price of $11.32 — trading 38.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 27.99%, which is 51% below median its 10-year median of 57.23 and 190.2% above the Chemicals industry median of 9.65. Azelis Group NV's overall GF Score™ is 74/100 with 5 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 Azelis Group NV (AZLGF), the current ROC (Joel Greenblatt) % is 27.99% 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 Azelis Group NV (AZLGF) Overvalued in 2026?
Based on GuruFocus' analysis, Azelis Group NV stock appears to be undervalued.
The current stock price of $11.32 is trading 38.6% below its estimated GF Value™ of $18.43.
GuruFocus considers Azelis Group NV to be Significantly Undervalued.
Key valuation signals for AZLGF:
ROC (Joel Greenblatt) %: 27.99% (51% below median its 10-year median of 57.23)
GF Value™: $18.43 vs. price of $11.32 (38.6% below fair value)
Industry Position: 190.2% above the Chemicals median (#150 of 1604)
No single metric tells the full story. See the AZLGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azelis Group NV is an innovation service provider and distributor of speciality chemicals and food ingredients. The Group provides innovation services, multi-product formulations, technical and regulatory expertise, co-creation support, digital solutions, and supply chain services. It serves Food & Nutrition, Animal Nutrition, Personal Care, Home Care & Industrial Cleaning, Pharmaceuticals & Healthcare, Agriculture & Environmental Solutions, Flavours & Fragrances, and Nutraceuticals. The Group operates through four segments: EMEA, Americas, Asia Pacific, and Group holding & other, covering operating companies across Europe, the Middle East and Africa, the United States, Canada, Mexico and South America, Asia, and the Pacific region.
74GF Score
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