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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. CENTRAL & EASTERN EUROPE FUND,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was %.
The historical rank and industry rank for CENTRAL & EASTERN EUROPE FUND,'s ROC (Joel Greenblatt) % or its related term are showing as below:
CEE's ROC (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 61.475 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
CENTRAL & EASTERN EUROPE FUND, (NYSE:CEE) 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.
CENTRAL & EASTERN EUROPE FUND, ROC (Joel Greenblatt) % Chart
CEE vs NMT, BWG, CGO: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, CENTRAL & EASTERN EUROPE FUND,'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.
CENTRAL & EASTERN EUROPE FUND, ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, CENTRAL & EASTERN EUROPE FUND,'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CENTRAL & EASTERN EUROPE FUND,'s ROC (Joel Greenblatt) % falls into.
CENTRAL & EASTERN EUROPE FUND, 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 two times the semi-annual (Apr. 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.
CENTRAL & EASTERN EUROPE FUND, (CEE) has a ROC (Joel Greenblatt) % of % as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on CENTRAL & EASTERN EUROPE FUND, and its competitors. According to the industry distribution chart, CENTRAL & EASTERN EUROPE FUND, ranks #999999 out of 616 companies in the Asset Management industry.
Is CENTRAL & EASTERN EUROPE FUND,'s ROC (Joel Greenblatt) % too high?
CENTRAL & EASTERN EUROPE FUND,'s current ROC (Joel Greenblatt) % is %. Based on the distribution chart, CENTRAL & EASTERN EUROPE FUND, ranks #999999 out of 616 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, CENTRAL & EASTERN EUROPE FUND, has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does CENTRAL & EASTERN EUROPE FUND,'s ROC (Joel Greenblatt) % compare to NMT and BWG?
According to the Asset Management industry distribution chart, CENTRAL & EASTERN EUROPE FUND, ranks #999999 out of 616 companies for ROC (Joel Greenblatt) %. This places CENTRAL & EASTERN EUROPE FUND, in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 61.48. 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 61.48, based on 616 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. 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 CENTRAL & EASTERN EUROPE FUND, and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 61.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CENTRAL & EASTERN EUROPE FUND,'s current ROC (Joel Greenblatt) % is %. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CENTRAL & EASTERN EUROPE FUND, stock overvalued right now?
CENTRAL & EASTERN EUROPE FUND, (CEE) has a current ROC (Joel Greenblatt) % of %. The current ROC (Joel Greenblatt) % is %. CENTRAL & EASTERN EUROPE FUND,'s overall GF Score™ is 37/100 with 2 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 CENTRAL & EASTERN EUROPE FUND, (CEE), the current ROC (Joel Greenblatt) % is % as of Apr. 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.
CENTRAL & EASTERN EUROPE FUND, INC. is a closed-end management investment company. The Fund's objective is to seek long-term capital appreciation. It invests in the equity or equity-linked securities of issuers domiciled in Central and Eastern Europe.
37GF Score
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