Axfood ABCHIX:AXFOS 87 ROC (Joel Greenblatt) % is 16.71% as of Mar. 2026, which is 43% below its 10-year median of 29.42. GuruFocus rates CHIX:AXFOS with a GF Score™ of 87/100 and a GF Value™ of kr293.68 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 308 Retail - Defensive companies, Axfood AB ranks better than 63.96% 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. Axfood AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.71%.
The historical rank and industry rank for Axfood AB's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:AXFOs'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.58 Med: 29.42 Max: 101.58
Current: 19.06
During the past 13 years, Axfood AB's highest ROC (Joel Greenblatt) % was 101.58%. The lowest was 18.58%. And the median was 29.42%.
CHIX:AXFOs's ROC (Joel Greenblatt) % is ranked better than 63.96% of 308
companies
in the Retail - Defensive industry
Industry Median: 13.375
vs CHIX:AXFOs: 19.06
Axfood AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.00% per year.
Axfood AB (CHIX:AXFOs) 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.
The historical data trend for Axfood AB'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.
CHIX:AXFOS vs KR, SFM: ROC (Joel Greenblatt) % Comparison
For the Grocery Stores subindustry, Axfood AB'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.
Axfood AB ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Axfood AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Axfood AB'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 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 16.71% mean?
Axfood AB (CHIX:AXFOS) has a ROC (Joel Greenblatt) % of 16.71% 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 Axfood AB and its competitors. This is 43% below median its historical median of 29.42. Over the past decade, Axfood AB's ROC (Joel Greenblatt) % has ranged from 18.58 to 101.58. According to the industry distribution chart, Axfood AB ranks #111 out of 308 companies in the Retail - Defensive industry, placing it in the top 36%.
Is Axfood AB's ROC (Joel Greenblatt) % too high?
Axfood AB's current ROC (Joel Greenblatt) % of 16.71% is 43% below median its 10-year median of 29.42. Over the past 10 years, this metric has ranged from a low of 18.58 to a high of 101.58. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.38. Axfood AB's value of 16.71% is 24.9% above this industry median. Based on the distribution chart, Axfood AB ranks #111 out of 308 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Axfood AB has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Axfood AB's ROC (Joel Greenblatt) % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Axfood AB ranks #111 out of 308 companies for ROC (Joel Greenblatt) %. This puts Axfood AB in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 13.38. Axfood AB's value of 16.71% is 24.9% above this benchmark. Historically, Axfood AB's own ROC (Joel Greenblatt) % has ranged from 18.58 to 101.58 over the past decade. While the company's 10-year median is 29.42 vs. the industry median of 13.38, Axfood AB 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.38, based on 308 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. Axfood AB's current ROC (Joel Greenblatt) % of 16.71% is 24.9% 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 Axfood AB and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axfood AB's current ROC (Joel Greenblatt) % is 16.71%, which is 43% below median its own 10-year median of 29.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axfood AB stock overvalued right now?
Based on GuruFocus' analysis, Axfood AB (CHIX:AXFOS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr293.68, compared to a current price of kr259.60 — trading 11.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 16.71%, which is 43% below median its 10-year median of 29.42 and 24.9% above the Retail - Defensive industry median of 13.38. Axfood AB's overall GF Score™ is 87/100 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 Axfood AB (CHIX:AXFOS), the current ROC (Joel Greenblatt) % is 16.71% 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 Axfood AB (CHIX:AXFOS) Overvalued in 2026?
Based on GuruFocus' analysis, Axfood AB stock appears to be undervalued.
The current stock price of kr259.60 is trading 11.6% below its estimated GF Value™ of kr293.68.
GuruFocus considers Axfood AB to be Modestly Undervalued.
Key valuation signals for CHIX:AXFOS:
ROC (Joel Greenblatt) %: 16.71% (43% below median its 10-year median of 29.42)
GF Value™: kr293.68 vs. price of kr259.60 (11.6% below fair value)
Industry Position: 24.9% above the Retail - Defensive median (#111 of 308)
No single metric tells the full story. See the CHIX:AXFOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axfood AB operates food retail and wholesale businesses in Sweden. The company operates various food retail grocery chains, discount stores, hypermarkets, restaurants, cafes, and pharmacies through different brands. The company's operating segments include Willys, Hemkop, Dagab, City Gross, and Snabbgross. A majority of its revenue is generated from the Willys segment, which is a discount grocery chain, offering various products in both group-owned stores and online. This segment also includes the partly owned cross-border grocery chain Eurocash.
87GF Score
Get the complete analysis for CHIX:AXFOS
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
CHIX:AXFOS has been successfully added to your 
