Brenntag SEBNTGF +1.05%82 ROC (Joel Greenblatt) % is 20.87% as of Mar. 2026, which is 27% below its 10-year median of 28.63. GuruFocus rates BNTGF with a GF Score™ of 82/100 and a GF Value™ of $52.62 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 1,604 Chemicals companies, Brenntag SE ranks better than 70.7% 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. Brenntag SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.87%.
The historical rank and industry rank for Brenntag SE's ROC (Joel Greenblatt) % or its related term are showing as below:
BNTGF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.7 Med: 28.63 Max: 39.99
Current: 17.52
During the past 13 years, Brenntag SE's highest ROC (Joel Greenblatt) % was 39.99%. The lowest was 16.70%. And the median was 28.63%.
BNTGF's ROC (Joel Greenblatt) % is ranked better than 70.7% of 1604
companies
in the Chemicals industry
Industry Median: 9.4
vs BNTGF: 17.52
Brenntag SE's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.10% per year.
Brenntag SE (OTCPK:BNTGF) 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.
Brenntag SE ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Brenntag SE'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.
BNTGF vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Brenntag SE'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.
Brenntag SE ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Brenntag SE's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Brenntag SE'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 20.87% mean?
Brenntag SE (BNTGF) has a ROC (Joel Greenblatt) % of 20.87% 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 Brenntag SE and its competitors. This is 27% below median its historical median of 28.63. Over the past decade, Brenntag SE's ROC (Joel Greenblatt) % has ranged from 16.70 to 39.99. According to the industry distribution chart, Brenntag SE ranks #470 out of 1604 companies in the Chemicals industry, placing it in the top 29.3%.
Is Brenntag SE's ROC (Joel Greenblatt) % too high?
Brenntag SE's current ROC (Joel Greenblatt) % of 20.87% is 27% below median its 10-year median of 28.63. Over the past 10 years, this metric has ranged from a low of 16.70 to a high of 39.99. The Chemicals industry median ROC (Joel Greenblatt) % is 9.40. Brenntag SE's value of 20.87% is 122% above this industry median. Based on the distribution chart, Brenntag SE ranks #470 out of 1604 companies in the Chemicals industry, which is above the industry midpoint. Overall, Brenntag SE has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Brenntag SE's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Brenntag SE ranks #470 out of 1604 companies for ROC (Joel Greenblatt) %. This puts Brenntag SE in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.40. Brenntag SE's value of 20.87% is 122% above this benchmark. Historically, Brenntag SE's own ROC (Joel Greenblatt) % has ranged from 16.70 to 39.99 over the past decade. While the company's 10-year median is 28.63 vs. the industry median of 9.40, Brenntag SE 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 9.40, 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. Brenntag SE's current ROC (Joel Greenblatt) % of 20.87% is 122% 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 Brenntag SE and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brenntag SE's current ROC (Joel Greenblatt) % is 20.87%, which is 27% below median its own 10-year median of 28.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brenntag SE stock overvalued right now?
Based on GuruFocus' analysis, Brenntag SE (BNTGF) is currently considered Modestly Overvalued. The stock's GF Value™ is $52.62, compared to a current price of $65.68 — trading 24.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 20.87%, which is 27% below median its 10-year median of 28.63 and 122% above the Chemicals industry median of 9.40. Brenntag SE's overall GF Score™ is 82/100 with 12 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 Brenntag SE (BNTGF), the current ROC (Joel Greenblatt) % is 20.87% 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 Brenntag SE (BNTGF) Overvalued in 2026?
Based on GuruFocus' analysis, Brenntag SE stock appears to be overvalued.
The current stock price of $65.68 is trading 24.8% above its estimated GF Value™ of $52.62.
GuruFocus considers Brenntag SE to be Modestly Overvalued.
Key valuation signals for BNTGF:
ROC (Joel Greenblatt) %: 20.87% (27% below median its 10-year median of 28.63)
GF Value™: $52.62 vs. price of $65.68 (24.8% above fair value)
Industry Position: 122% above the Chemicals median (#470 of 1604)
No single metric tells the full story. See the BNTGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brenntag SE manufactures, distributes, and sells chemicals and chemical-based products. It operates in two reportable segments life science, material science and Specialties Other. Life science chemicals are used to produce cosmetics, food, animal nutrition, and pharmaceuticals. The material science chemicals are used to produce soaps and detergents, coatings, and paints as well as the extraction of oil and gas. The company organizes itself into four segments based on geography EMEA, North America, Latin America, and APAC.
82GF Score
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