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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. Raya Holding for Financial Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 98.13%.
CAI:RAYA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.43 Med: 41.18 Max: 150.55
Current: 145.24
During the past 13 years, Raya Holding for Financial Investments's highest ROC (Joel Greenblatt) % was 150.55%. The lowest was 18.43%. And the median was 41.18%.
CAI:RAYA's ROC (Joel Greenblatt) % is ranked better than 94.13% of 562
companies
in the Conglomerates industry
Industry Median: 14.71
vs CAI:RAYA: 145.24
Raya Holding for Financial Investments (CAI:RAYA) 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.
* 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.
Raya Holding for Financial Investments ROC (Joel Greenblatt) % Chart
Raya Holding for Financial Investments Annual Data
CAI:RAYA vs MMM, HON: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Raya Holding for Financial Investments'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.
Raya Holding for Financial Investments ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Raya Holding for Financial Investments's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Raya Holding for Financial Investments's ROC (Joel Greenblatt) % falls into.
Raya Holding for Financial Investments 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 98.13% mean?
Raya Holding for Financial Investments (CAI:RAYA) has a ROC (Joel Greenblatt) % of 98.13% 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 Raya Holding for Financial Investments and its competitors. This is 138% above median its historical median of 41.18. Over the past decade, Raya Holding for Financial Investments' ROC (Joel Greenblatt) % has ranged from 18.43 to 150.55. According to the industry distribution chart, Raya Holding for Financial Investments ranks #33 out of 562 companies in the Conglomerates industry, placing it in the top 5.9%.
Is Raya Holding for Financial Investments' ROC (Joel Greenblatt) % too high?
Raya Holding for Financial Investments' current ROC (Joel Greenblatt) % of 98.13% is 138% above median its 10-year median of 41.18. Over the past 10 years, this metric has ranged from a low of 18.43 to a high of 150.55. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.71. Raya Holding for Financial Investments' value of 98.13% is 567.1% above this industry median. Based on the distribution chart, Raya Holding for Financial Investments ranks #33 out of 562 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Raya Holding for Financial Investments has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Raya Holding for Financial Investments' ROC (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Raya Holding for Financial Investments ranks #33 out of 562 companies for ROC (Joel Greenblatt) %. This places Raya Holding for Financial Investments in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.71. Raya Holding for Financial Investments' value of 98.13% is 567.1% above this benchmark. Historically, Raya Holding for Financial Investments' own ROC (Joel Greenblatt) % has ranged from 18.43 to 150.55 over the past decade. While the company's 10-year median is 41.18 vs. the industry median of 14.71, Raya Holding for Financial Investments 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.71, based on 562 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. Raya Holding for Financial Investments's current ROC (Joel Greenblatt) % of 98.13% is 567.1% 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 Raya Holding for Financial Investments and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raya Holding for Financial Investments's current ROC (Joel Greenblatt) % is 98.13%, which is 138% above median its own 10-year median of 41.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raya Holding for Financial Investments stock overvalued right now?
Based on GuruFocus' analysis, Raya Holding for Financial Investments (CAI:RAYA) is currently considered Significantly Overvalued. The stock's GF Value™ is E£4.81, compared to a current price of E£7.53 — trading 56.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 98.13%, which is 138% above median its 10-year median of 41.18 and 567.1% above the Conglomerates industry median of 14.71. Raya Holding for Financial Investments' overall GF Score™ is 89/100 with 10 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 Raya Holding for Financial Investments (CAI:RAYA), the current ROC (Joel Greenblatt) % is 98.13% 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 Raya Holding for Financial Investments (CAI:RAYA) Overvalued in 2026?
Based on GuruFocus' analysis, Raya Holding for Financial Investments stock appears to be overvalued.
The current stock price of E£7.53 is trading 56.5% above its estimated GF Value™ of E£4.81.
GuruFocus considers Raya Holding for Financial Investments to be Significantly Overvalued.
Key valuation signals for CAI:RAYA:
ROC (Joel Greenblatt) %: 98.13% (138% above median its 10-year median of 41.18)
GF Value™: E£4.81 vs. price of E£7.53 (56.5% above fair value)
Industry Position: 567.1% above the Conglomerates median (#33 of 562)
No single metric tells the full story. See the CAI:RAYA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Raya Holding for Financial Investments operates in Trade and distribution, Information technology, Call centers, Finance lease, International services, Land transportation, Manufacturing, Restaurants, Non-bank financial services, Manufacturing and export, Canned foods, vehicle manufacturing, and Other activities. The firm generates a majority of its revenue from the Trade Distribution sector. The company operates in Land, Buildings, Electrical equipment, leasehold Improvements, Furniture and office equipment, Computers, and Fixtures. Geographically, it operates in Egypt, Algeria, the Gulf, and Saudi.
89GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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