Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Any Security Printing CoBUD:ANY +0.43%97 ROC (Joel Greenblatt) % is 63.30% as of Mar. 2026, which is 127% above its 10-year median of 27.89. GuruFocus rates BUD:ANY with a GF Score™ of 97/100 and a GF Value™ of Ft4,602.07 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,083 Business Services companies, Any Security Printing Co ranks better than 64.73% 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. Any Security Printing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 63.30%.
The historical rank and industry rank for Any Security Printing Co's ROC (Joel Greenblatt) % or its related term are showing as below:
BUD:ANY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.48 Med: 27.89 Max: 64.24
Current: 40.43
During the past 13 years, Any Security Printing Co's highest ROC (Joel Greenblatt) % was 64.24%. The lowest was 11.48%. And the median was 27.89%.
BUD:ANY's ROC (Joel Greenblatt) % is ranked better than 64.73% of 1083
companies
in the Business Services industry
Industry Median: 21.22
vs BUD:ANY: 40.43
Any Security Printing Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 36.00% per year.
Any Security Printing Co (BUD:ANY) 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.
Any Security Printing Co ROC (Joel Greenblatt) % Related Terms
Any Security Printing Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Any Security Printing Co'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.
Any Security Printing Co ROC (Joel Greenblatt) % Chart
BUD:ANY vs CTAS, CPRT, ULS: ROC (Joel Greenblatt) % Comparison
For the Specialty Business Services subindustry, Any Security Printing Co'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.
Any Security Printing Co ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Any Security Printing Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Any Security Printing Co's ROC (Joel Greenblatt) % falls into.
Any Security Printing Co 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 (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 63.30% mean?
Any Security Printing Co (BUD:ANY) has a ROC (Joel Greenblatt) % of 63.30% 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 Any Security Printing Co and its competitors. This is 127% above median its historical median of 27.89. Over the past decade, Any Security Printing Co's ROC (Joel Greenblatt) % has ranged from 11.48 to 64.24. According to the industry distribution chart, Any Security Printing Co ranks #382 out of 1083 companies in the Business Services industry, placing it in the top 35.3%.
Is Any Security Printing Co's ROC (Joel Greenblatt) % too high?
Any Security Printing Co's current ROC (Joel Greenblatt) % of 63.30% is 127% above median its 10-year median of 27.89. Over the past 10 years, this metric has ranged from a low of 11.48 to a high of 64.24. The Business Services industry median ROC (Joel Greenblatt) % is 21.22. Any Security Printing Co's value of 63.30% is 198.3% above this industry median. Based on the distribution chart, Any Security Printing Co ranks #382 out of 1083 companies in the Business Services industry, which is above the industry midpoint. Overall, Any Security Printing Co has a GF Score™ of 97/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Any Security Printing Co's ROC (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Any Security Printing Co ranks #382 out of 1083 companies for ROC (Joel Greenblatt) %. This puts Any Security Printing Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 21.22. Any Security Printing Co's value of 63.30% is 198.3% above this benchmark. Historically, Any Security Printing Co's own ROC (Joel Greenblatt) % has ranged from 11.48 to 64.24 over the past decade. While the company's 10-year median is 27.89 vs. the industry median of 21.22, Any Security Printing Co 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.22, based on 1,083 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. Any Security Printing Co's current ROC (Joel Greenblatt) % of 63.30% is 198.3% 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 Any Security Printing Co and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Any Security Printing Co's current ROC (Joel Greenblatt) % is 63.30%, which is 127% above median its own 10-year median of 27.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Any Security Printing Co stock overvalued right now?
Based on GuruFocus' analysis, Any Security Printing Co (BUD:ANY) is currently considered Significantly Overvalued. The stock's GF Value™ is Ft4,602.07, compared to a current price of Ft7,050.00 — trading 53.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 63.30%, which is 127% above median its 10-year median of 27.89 and 198.3% above the Business Services industry median of 21.22. Any Security Printing Co's overall GF Score™ is 97/100 with 3 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 Any Security Printing Co (BUD:ANY), the current ROC (Joel Greenblatt) % is 63.30% 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 Any Security Printing Co (BUD:ANY) Overvalued in 2026?
Based on GuruFocus' analysis, Any Security Printing Co stock appears to be overvalued.
The current stock price of Ft7,050.00 is trading 53.2% above its estimated GF Value™ of Ft4,602.07.
GuruFocus considers Any Security Printing Co to be Significantly Overvalued.
Key valuation signals for BUD:ANY:
ROC (Joel Greenblatt) %: 63.30% (127% above median its 10-year median of 27.89)
GF Value™: Ft4,602.07 vs. price of Ft7,050.00 (53.2% above fair value)
Industry Position: 198.3% above the Business Services median (#382 of 1083)
No single metric tells the full story. See the BUD:ANY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Any Security Printing Co PLC is a Hungary-based security and business form-producing company. The Company produces Security products and solutions (tax stamps. stickers with security elements), plastic cards (document cards, bank and commercial cards, personalized business and administration forms, as well as conventional printing products. The company operates in segments namely Security products and solutions; Card production and personalization; Form production and personalization, data processing; Traditional printing products, and Others.
97GF Score
Get the complete analysis for BUD:ANY
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BUD:ANY has been successfully added to your 
