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Budapest Stock ExchangeBUD:BET +1.69%18 ROC (Joel Greenblatt) % is 681.74% as of Mar. 2026, which is 24% above its 10-year median of 549.73. GuruFocus rates BUD:BET with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 677 Capital Markets companies, Budapest Stock Exchange ranks better than 89.81% 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. Budapest Stock Exchange's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 681.74%.
The historical rank and industry rank for Budapest Stock Exchange's ROC (Joel Greenblatt) % or its related term are showing as below:
BUD:BET'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.25 Med: 549.73 Max: 831.57
Current: 831.57
During the past 6 years, Budapest Stock Exchange's highest ROC (Joel Greenblatt) % was 831.57%. The lowest was -16.25%. And the median was 549.73%.
BUD:BET's ROC (Joel Greenblatt) % is ranked better than 89.81% of 677
companies
in the Capital Markets industry
Industry Median: 34.76
vs BUD:BET: 831.57
Budapest Stock Exchange's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Budapest Stock Exchange (BUD:BET) 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.
Budapest Stock Exchange ROC (Joel Greenblatt) % Related Terms
Budapest Stock Exchange ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Budapest Stock Exchange'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.
Budapest Stock Exchange ROC (Joel Greenblatt) % Chart
BUD:BET vs SPGI, CME, ICE: ROC (Joel Greenblatt) % Comparison
For the Financial Data & Stock Exchanges subindustry, Budapest Stock Exchange'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.
Budapest Stock Exchange ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Budapest Stock Exchange's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Budapest Stock Exchange's ROC (Joel Greenblatt) % falls into.
Budapest Stock Exchange 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 681.74% mean?
Budapest Stock Exchange (BUD:BET) has a ROC (Joel Greenblatt) % of 681.74% 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 Budapest Stock Exchange and its competitors. This is 24% above median its historical median of 549.73. According to the industry distribution chart, Budapest Stock Exchange ranks #69 out of 677 companies in the Capital Markets industry, placing it in the top 10.2%.
Is Budapest Stock Exchange's ROC (Joel Greenblatt) % too high?
Budapest Stock Exchange's current ROC (Joel Greenblatt) % of 681.74% is 24% above median its 10-year median of 549.73. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.76. Budapest Stock Exchange's value of 681.74% is 1861.3% above this industry median. Based on the distribution chart, Budapest Stock Exchange ranks #69 out of 677 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Budapest Stock Exchange has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Budapest Stock Exchange's ROC (Joel Greenblatt) % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Budapest Stock Exchange ranks #69 out of 677 companies for ROC (Joel Greenblatt) %. This places Budapest Stock Exchange in the top 10% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.76. Budapest Stock Exchange's value of 681.74% is 1861.3% above this benchmark. While the company's 10-year median is 549.73 vs. the industry median of 34.76, Budapest Stock Exchange 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.76, based on 677 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. Budapest Stock Exchange's current ROC (Joel Greenblatt) % of 681.74% is 1861.3% 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 Budapest Stock Exchange and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Budapest Stock Exchange's current ROC (Joel Greenblatt) % is 681.74%, which is 24% above median its own 10-year median of 549.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budapest Stock Exchange stock overvalued right now?
Budapest Stock Exchange (BUD:BET) has a current ROC (Joel Greenblatt) % of 681.74%. The current ROC (Joel Greenblatt) % is 681.74%, which is 24% above median its 10-year median of 549.73 and 1861.3% above the Capital Markets industry median of 34.76. Budapest Stock Exchange's overall GF Score™ is 18/100 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 Budapest Stock Exchange (BUD:BET), the current ROC (Joel Greenblatt) % is 681.74% 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.
Budapest Stock Exchange PLC is engaged in the money and capital markets in Hungary. The Company provides corporations with opportunities to raise capital and offers investors a wide range of investment instruments. Its activities include listing services, trading services, dissemination of market information, and product development. The Company is a central player in the domestic money and capital market, providing financial resources to companies and promoting their development through financing via the capital sector, while enabling investors to participate in the growth of Hungarian companies and the domestic economy.
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