Billerud ABBLRDF 59 ROC (Joel Greenblatt) % is -2.34% as of Mar. 2026. GuruFocus rates BLRDF with a GF Score™ of 59/100 and a GF Value™ of $9.83 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 286 Forest Products companies, Billerud AB ranks worse than 65.03% 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. Billerud AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.34%.
The historical rank and industry rank for Billerud AB's ROC (Joel Greenblatt) % or its related term are showing as below:
BLRDF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.3 Med: 7.59 Max: 22.35
Current: 0.3
During the past 13 years, Billerud AB's highest ROC (Joel Greenblatt) % was 22.35%. The lowest was 0.30%. And the median was 7.59%.
BLRDF's ROC (Joel Greenblatt) % is ranked worse than 65.03% of 286
companies
in the Forest Products industry
Industry Median: 4.585
vs BLRDF: 0.30
Billerud AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.70% per year.
Billerud AB (OTCPK:BLRDF) 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.
Billerud AB ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Billerud AB'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.
For the Paper & Paper Products subindustry, Billerud AB'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.
Billerud AB ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Billerud AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Billerud AB's ROC (Joel Greenblatt) % falls into.
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 -2.34% mean?
Billerud AB (BLRDF) has a ROC (Joel Greenblatt) % of -2.34% 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 Billerud AB and its competitors. Over the past decade, Billerud AB's ROC (Joel Greenblatt) % has ranged from 0.30 to 22.35. According to the industry distribution chart, Billerud AB ranks #186 out of 286 companies in the Forest Products industry, placing it in the top 65%.
Is Billerud AB's ROC (Joel Greenblatt) % too high?
Billerud AB's current ROC (Joel Greenblatt) % is -2.34%. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 22.35. Based on the distribution chart, Billerud AB ranks #186 out of 286 companies in the Forest Products industry, which is below the industry midpoint. Overall, Billerud AB has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Billerud AB's ROC (Joel Greenblatt) % compare to SLVM?
According to the Forest Products industry distribution chart, Billerud AB ranks #186 out of 286 companies for ROC (Joel Greenblatt) %. This places Billerud AB in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 4.59. Historically, Billerud AB's own ROC (Joel Greenblatt) % has ranged from 0.30 to 22.35 over the past decade. 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 Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.59, based on 286 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. 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 Billerud AB and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Billerud AB's current ROC (Joel Greenblatt) % is -2.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billerud AB stock overvalued right now?
Based on GuruFocus' analysis, Billerud AB (BLRDF) is currently considered Possible Value Trap. The stock's GF Value™ is $9.83, compared to a current price of $6.23 — trading 36.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is -2.34%. Billerud AB's overall GF Score™ is 59/100 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 Billerud AB (BLRDF), the current ROC (Joel Greenblatt) % is -2.34% 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 Billerud AB (BLRDF) Overvalued in 2026?
Based on GuruFocus' analysis, Billerud AB stock appears to be undervalued.
The current stock price of $6.23 is trading 36.6% below its estimated GF Value™ of $9.83.
GuruFocus considers Billerud AB to be Possible Value Trap.
Key valuation signals for BLRDF:
ROC (Joel Greenblatt) %: -2.34%
GF Value™: $9.83 vs. price of $6.23 (36.6% below fair value)
No single metric tells the full story. See the BLRDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Billerud AB produces a variety of packaging, paper, and board products. Its product offerings include Cartonboard, Sack Paper, Coated sheets, Web papers, Hardwood Pulp, and Containerboard, among others. The company has has three operating segments: Region Europe, Region North America and Other. The majority of revenue is derived from the Region Europe segment.
59GF Score
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