Coca-Cola Europacific PartnersCCEP +0.50%82 ROC (Joel Greenblatt) % is 47.34% as of Dec. 2025, which is 33% above its 10-year median of 35.65. GuruFocus rates CCEP with a GF Score™ of 82/100 and a GF Value™ of $95.94 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 115 Beverages - Non-Alcoholic companies, Coca-Cola Europacific Partners ranks better than 80.87% 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. Coca-Cola Europacific Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 47.34%.
The historical rank and industry rank for Coca-Cola Europacific Partners's ROC (Joel Greenblatt) % or its related term are showing as below:
CCEP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.9 Med: 35.65 Max: 46.43
Current: 46.03
During the past 13 years, Coca-Cola Europacific Partners's highest ROC (Joel Greenblatt) % was 46.43%. The lowest was 20.90%. And the median was 35.65%.
CCEP's ROC (Joel Greenblatt) % is ranked better than 80.87% of 115
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 20.27
vs CCEP: 46.03
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.
CCEP vs KO, PEP, MNST: ROC (Joel Greenblatt) % Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola Europacific Partners'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.
Coca-Cola Europacific Partners ROC (Joel Greenblatt) % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Europacific Partners's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Coca-Cola Europacific Partners'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 two times the semi-annual (Dec. 2025) 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 47.34% mean?
Coca-Cola Europacific Partners (CCEP) has a ROC (Joel Greenblatt) % of 47.34% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Coca-Cola Europacific Partners and its competitors. This is 33% above median its historical median of 35.65. Over the past decade, Coca-Cola Europacific Partners' ROC (Joel Greenblatt) % has ranged from 20.90 to 46.43. According to the industry distribution chart, Coca-Cola Europacific Partners ranks #22 out of 115 companies in the Beverages - Non-Alcoholic industry, placing it in the top 19.1%.
Is Coca-Cola Europacific Partners' ROC (Joel Greenblatt) % too high?
Coca-Cola Europacific Partners' current ROC (Joel Greenblatt) % of 47.34% is 33% above median its 10-year median of 35.65. Over the past 10 years, this metric has ranged from a low of 20.90 to a high of 46.43. The Beverages - Non-Alcoholic industry median ROC (Joel Greenblatt) % is 20.27. Coca-Cola Europacific Partners' value of 47.34% is 133.5% above this industry median. Based on the distribution chart, Coca-Cola Europacific Partners ranks #22 out of 115 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Coca-Cola Europacific Partners has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola Europacific Partners' ROC (Joel Greenblatt) % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola Europacific Partners ranks #22 out of 115 companies for ROC (Joel Greenblatt) %. This places Coca-Cola Europacific Partners in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.27. Coca-Cola Europacific Partners' value of 47.34% is 133.5% above this benchmark. Historically, Coca-Cola Europacific Partners' own ROC (Joel Greenblatt) % has ranged from 20.90 to 46.43 over the past decade. While the company's 10-year median is 35.65 vs. the industry median of 20.27, Coca-Cola Europacific Partners 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 Beverages - Non-Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Non-Alcoholic companies is 20.27, based on 115 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. Coca-Cola Europacific Partners's current ROC (Joel Greenblatt) % of 47.34% is 133.5% 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 Coca-Cola Europacific Partners and its competitors. For the Beverages - Non-Alcoholic industry, the median ROC (Joel Greenblatt) % is 20.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola Europacific Partners's current ROC (Joel Greenblatt) % is 47.34%, which is 33% above median its own 10-year median of 35.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola Europacific Partners stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola Europacific Partners (CCEP) is currently considered Modestly Overvalued. The stock's GF Value™ is $95.94, compared to a current price of $106.57 — trading 11.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 47.34%, which is 33% above median its 10-year median of 35.65 and 133.5% above the Beverages - Non-Alcoholic industry median of 20.27. Coca-Cola Europacific Partners' overall GF Score™ is 82/100 with 5 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 Coca-Cola Europacific Partners (CCEP), the current ROC (Joel Greenblatt) % is 47.34% as of Dec. 2025. 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 Coca-Cola Europacific Partners (CCEP) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola Europacific Partners stock appears to be overvalued.
The current stock price of $106.57 is trading 11.1% above its estimated GF Value™ of $95.94.
GuruFocus considers Coca-Cola Europacific Partners to be Modestly Overvalued.
Key valuation signals for CCEP:
ROC (Joel Greenblatt) %: 47.34% (33% above median its 10-year median of 35.65)
GF Value™: $95.94 vs. price of $106.57 (11.1% above fair value)
Industry Position: 133.5% above the Beverages - Non-Alcoholic median (#22 of 115)
No single metric tells the full story. See the CCEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca-Cola Europacific Partners Business Description
CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe, Australasia, and Southeast Asia. In 2025, CCEP sold 3.9 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume.TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.
82GF Score
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