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Azzas 2154BSP:AZZA3 +1.71%78 ROC (Joel Greenblatt) % is 11.51% as of Jun. 2026, which is 70% below its 10-year median of 38.15. GuruFocus rates BSP:AZZA3 with a GF Score™ of 78/100 and a GF Value™ of R$38.96 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,066 Manufacturing - Apparel & Accessories companies, Azzas 2154 ranks better than 60.79% 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. Azzas 2154's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 11.51%.
The historical rank and industry rank for Azzas 2154's ROC (Joel Greenblatt) % or its related term are showing as below:
BSP:AZZA3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.05 Med: 38.15 Max: 60.49
Current: 13.12
During the past 13 years, Azzas 2154's highest ROC (Joel Greenblatt) % was 60.49%. The lowest was 7.05%. And the median was 38.15%.
BSP:AZZA3's ROC (Joel Greenblatt) % is ranked better than 60.79% of 1066
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 9.02
vs BSP:AZZA3: 13.12
Azzas 2154's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -13.40% per year.
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.
Azzas 2154 ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Azzas 2154'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.
BSP:AZZA3 vs NKE, DECK, ONON: ROC (Joel Greenblatt) % Comparison
For the Footwear & Accessories subindustry, Azzas 2154'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.
Azzas 2154 ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azzas 2154's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Azzas 2154'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 (Jun. 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 11.51% mean?
Azzas 2154 (BSP:AZZA3) has a ROC (Joel Greenblatt) % of 11.51% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Azzas 2154 and its competitors. This is 70% below median its historical median of 38.15. Over the past decade, Azzas 2154's ROC (Joel Greenblatt) % has ranged from 7.05 to 60.49. According to the industry distribution chart, Azzas 2154 ranks #418 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 39.2%.
Is Azzas 2154's ROC (Joel Greenblatt) % too high?
Azzas 2154's current ROC (Joel Greenblatt) % of 11.51% is 70% below median its 10-year median of 38.15. Over the past 10 years, this metric has ranged from a low of 7.05 to a high of 60.49. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 9.02. Azzas 2154's value of 11.51% is 27.6% above this industry median. Based on the distribution chart, Azzas 2154 ranks #418 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Azzas 2154 has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Azzas 2154's ROC (Joel Greenblatt) % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Azzas 2154 ranks #418 out of 1066 companies for ROC (Joel Greenblatt) %. This puts Azzas 2154 in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.02. Azzas 2154's value of 11.51% is 27.6% above this benchmark. Historically, Azzas 2154's own ROC (Joel Greenblatt) % has ranged from 7.05 to 60.49 over the past decade. While the company's 10-year median is 38.15 vs. the industry median of 9.02, Azzas 2154 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 9.02, based on 1,066 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. Azzas 2154's current ROC (Joel Greenblatt) % of 11.51% is 27.6% 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 Azzas 2154 and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 9.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azzas 2154's current ROC (Joel Greenblatt) % is 11.51%, which is 70% below median its own 10-year median of 38.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azzas 2154 stock overvalued right now?
Based on GuruFocus' analysis, Azzas 2154 (BSP:AZZA3) is currently considered Possible Value Trap. The stock's GF Value™ is R$38.96, compared to a current price of R$14.89 — trading 61.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.51%, which is 70% below median its 10-year median of 38.15 and 27.6% above the Manufacturing - Apparel & Accessories industry median of 9.02. Azzas 2154's overall GF Score™ is 78/100 with 8 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 Azzas 2154 (BSP:AZZA3), the current ROC (Joel Greenblatt) % is 11.51% as of Jun. 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 Azzas 2154 (BSP:AZZA3) Overvalued in 2026?
Based on GuruFocus' analysis, Azzas 2154 stock appears to be undervalued.
The current stock price of R$14.89 is trading 61.8% below its estimated GF Value™ of R$38.96.
GuruFocus considers Azzas 2154 to be Possible Value Trap.
Key valuation signals for BSP:AZZA3:
ROC (Joel Greenblatt) %: 11.51% (70% below median its 10-year median of 38.15)
GF Value™: R$38.96 vs. price of R$14.89 (61.8% below fair value)
Industry Position: 27.6% above the Manufacturing - Apparel & Accessories median (#418 of 1066)
No single metric tells the full story. See the BSP:AZZA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azzas 2154 SA, along with its subsidiaries, is engaged in the manufacturing, development, modeling and retail and wholesale trade of footwear, handbags, accessories and clothing for the women's, men's and democratic markets, particularly the women's market. The company also operates an online sales channel that makes available products of the brands Arezzo, Schutz, Anacapri, Alexandre Birman, Vans, Vicenza, Farm Rio, Animale, NV, Cris Barros, Maria Filó, Carol Bassi, Fábula, Off Premium, Reserva, Oficina, Foxton, Reserva Mini, Reserva Go, Reserva Ink, Hering, Hering Kids, Hering Sports, Hering Shoes and Hering Intimates. The majority of the company's revenue is derived from the sales of its products.
78GF Score
Get the complete analysis for BSP:AZZA3
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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