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BJ's Wholesale Club HoldingsBJ +0.35%85 ROC (Joel Greenblatt) % is 18.73% as of Apr. 2026, which is 16% below its 10-year median of 22.17. GuruFocus rates BJ with a GF Score™ of 85/100 and a GF Value™ of $99.43 (Fairly Valued). The stock has 1 warning sign investors should review. Among 311 Retail - Defensive companies, BJ's Wholesale Club Holdings ranks better than 64.31% 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. BJ's Wholesale Club Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 18.73%.
The historical rank and industry rank for BJ's Wholesale Club Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
BJ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.25 Med: 22.17 Max: 35.24
Current: 19.25
During the past 11 years, BJ's Wholesale Club Holdings's highest ROC (Joel Greenblatt) % was 35.24%. The lowest was 19.25%. And the median was 22.17%.
BJ's ROC (Joel Greenblatt) % is ranked better than 64.31% of 311
companies
in the Retail - Defensive industry
Industry Median: 13.63
vs BJ: 19.25
BJ's Wholesale Club Holdings (NYSE:BJ) 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.
* 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.
BJ's Wholesale Club Holdings ROC (Joel Greenblatt) % Chart
BJ vs PSMT, TBBB, OLLI: ROC (Joel Greenblatt) % Comparison
For the Discount Stores subindustry, BJ's Wholesale Club Holdings'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.
BJ's Wholesale Club Holdings ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, BJ's Wholesale Club Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where BJ's Wholesale Club Holdings's ROC (Joel Greenblatt) % falls into.
BJ's Wholesale Club Holdings 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 (Apr. 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 18.73% mean?
BJ's Wholesale Club Holdings (BJ) has a ROC (Joel Greenblatt) % of 18.73% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on BJ's Wholesale Club Holdings and its competitors. This is 16% below median its historical median of 22.17. Over the past decade, BJ's Wholesale Club Holdings' ROC (Joel Greenblatt) % has ranged from 19.25 to 35.24. According to the industry distribution chart, BJ's Wholesale Club Holdings ranks #111 out of 311 companies in the Retail - Defensive industry, placing it in the top 35.7%.
Is BJ's Wholesale Club Holdings' ROC (Joel Greenblatt) % too high?
BJ's Wholesale Club Holdings' current ROC (Joel Greenblatt) % of 18.73% is 16% below median its 10-year median of 22.17. Over the past 10 years, this metric has ranged from a low of 19.25 to a high of 35.24. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.63. BJ's Wholesale Club Holdings' value of 18.73% is 37.4% above this industry median. Based on the distribution chart, BJ's Wholesale Club Holdings ranks #111 out of 311 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, BJ's Wholesale Club Holdings has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BJ's Wholesale Club Holdings' ROC (Joel Greenblatt) % compare to PSMT and TBBB?
According to the Retail - Defensive industry distribution chart, BJ's Wholesale Club Holdings ranks #111 out of 311 companies for ROC (Joel Greenblatt) %. This puts BJ's Wholesale Club Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 13.63. BJ's Wholesale Club Holdings' value of 18.73% is 37.4% above this benchmark. Historically, BJ's Wholesale Club Holdings' own ROC (Joel Greenblatt) % has ranged from 19.25 to 35.24 over the past decade. While the company's 10-year median is 22.17 vs. the industry median of 13.63, BJ's Wholesale Club Holdings 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.63, based on 311 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. BJ's Wholesale Club Holdings's current ROC (Joel Greenblatt) % of 18.73% is 37.4% 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 BJ's Wholesale Club Holdings and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BJ's Wholesale Club Holdings's current ROC (Joel Greenblatt) % is 18.73%, which is 16% below median its own 10-year median of 22.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BJ's Wholesale Club Holdings stock overvalued right now?
Based on GuruFocus' analysis, BJ's Wholesale Club Holdings (BJ) is currently considered Fairly Valued. The stock's GF Value™ is $99.43, compared to a current price of $93.40 — trading 6.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 18.73%, which is 16% below median its 10-year median of 22.17 and 37.4% above the Retail - Defensive industry median of 13.63. BJ's Wholesale Club Holdings' overall GF Score™ is 85/100 with 1 warning sign 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 BJ's Wholesale Club Holdings (BJ), the current ROC (Joel Greenblatt) % is 18.73% as of Apr. 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 BJ's Wholesale Club Holdings (BJ) Overvalued in 2026?
Based on GuruFocus' analysis, BJ's Wholesale Club Holdings stock appears to be undervalued.
The current stock price of $93.40 is trading 6.1% below its estimated GF Value™ of $99.43.
GuruFocus considers BJ's Wholesale Club Holdings to be Fairly Valued.
Key valuation signals for BJ:
ROC (Joel Greenblatt) %: 18.73% (16% below median its 10-year median of 22.17)
GF Value™: $99.43 vs. price of $93.40 (6.1% below fair value)
Industry Position: 37.4% above the Retail - Defensive median (#111 of 311)
No single metric tells the full story. See the BJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BJ's Wholesale Club, founded in 1984, operates a membership-based warehouse club model primarily along the US East Coast, with roughly 260 clubs and a growing domestic presence across 21 states. In fiscal 2025, the company generated over $21 billion in revenue. BJ's offers a value-oriented assortment skewed toward grocery, perishables, and consumables (72% of sales), general merchandise (11%), and gasoline (17%). Its business model is supported by recurring membership fee income and private-label brands such as Wellsley Farms and Berkley Jensen.
85GF Score
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