Matas ASCHIX:MATASC 76 ROC (Joel Greenblatt) % is 4.02% as of Mar. 2026, which is 91% below its 10-year median of 44.78. GuruFocus rates CHIX:MATASC with a GF Score™ of 76/100 and a GF Value™ of kr138.24 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,124 Retail - Cyclical companies, Matas AS ranks better than 60.85% 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. Matas AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.02%.
The historical rank and industry rank for Matas AS's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:MATASc'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 17.25 Med: 44.78 Max: 278.22
Current: 17.91
During the past 13 years, Matas AS's highest ROC (Joel Greenblatt) % was 278.22%. The lowest was 17.25%. And the median was 44.78%.
CHIX:MATASc's ROC (Joel Greenblatt) % is ranked better than 60.85% of 1124
companies
in the Retail - Cyclical industry
Industry Median: 11.525
vs CHIX:MATASc: 17.91
Matas AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -18.00% per year.
Matas AS (CHIX:MATASc) 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 Matas AS'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:MATASC vs CASY, WSM, DKS: ROC (Joel Greenblatt) % Comparison
For the Specialty Retail subindustry, Matas AS'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.
Matas AS ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Matas AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Matas AS'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 4.02% mean?
Matas AS (CHIX:MATASC) has a ROC (Joel Greenblatt) % of 4.02% 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 Matas AS and its competitors. This is 91% below median its historical median of 44.78. Over the past decade, Matas AS's ROC (Joel Greenblatt) % has ranged from 17.25 to 278.22. According to the industry distribution chart, Matas AS ranks #440 out of 1124 companies in the Retail - Cyclical industry, placing it in the top 39.1%.
Is Matas AS's ROC (Joel Greenblatt) % too high?
Matas AS's current ROC (Joel Greenblatt) % of 4.02% is 91% below median its 10-year median of 44.78. Over the past 10 years, this metric has ranged from a low of 17.25 to a high of 278.22. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.53. Matas AS's value of 4.02% is 65.1% below this industry median. Based on the distribution chart, Matas AS ranks #440 out of 1124 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Matas AS has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Matas AS's ROC (Joel Greenblatt) % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Matas AS ranks #440 out of 1124 companies for ROC (Joel Greenblatt) %. This puts Matas AS in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.53. Matas AS's value of 4.02% is 65.1% below this benchmark. Historically, Matas AS's own ROC (Joel Greenblatt) % has ranged from 17.25 to 278.22 over the past decade. While the company's 10-year median is 44.78 vs. the industry median of 11.53, Matas AS has consistently been below 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 - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.53, based on 1,124 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. Matas AS's current ROC (Joel Greenblatt) % of 4.02% is 65.1% below 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 Matas AS and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matas AS's current ROC (Joel Greenblatt) % is 4.02%, which is 91% below median its own 10-year median of 44.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matas AS stock overvalued right now?
Based on GuruFocus' analysis, Matas AS (CHIX:MATASC) is currently considered Modestly Undervalued. The stock's GF Value™ is kr138.24, compared to a current price of kr100.70 — trading 27.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 4.02%, which is 91% below median its 10-year median of 44.78 and 65.1% below the Retail - Cyclical industry median of 11.53. Matas AS's overall GF Score™ is 76/100 with 4 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 Matas AS (CHIX:MATASC), the current ROC (Joel Greenblatt) % is 4.02% 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 Matas AS (CHIX:MATASC) Overvalued in 2026?
Based on GuruFocus' analysis, Matas AS stock appears to be undervalued.
The current stock price of kr100.70 is trading 27.2% below its estimated GF Value™ of kr138.24.
GuruFocus considers Matas AS to be Modestly Undervalued.
Key valuation signals for CHIX:MATASC:
ROC (Joel Greenblatt) %: 4.02% (91% below median its 10-year median of 44.78)
GF Value™: kr138.24 vs. price of kr100.70 (27.2% below fair value)
Industry Position: 65.1% below the Retail - Cyclical median (#440 of 1124)
No single metric tells the full story. See the CHIX:MATASC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matas AS is beauty and wellbeing brands. It has three segments Matas, KICKS and Other. It generates majority of revenue from Matas segment. Its product groups are High-end Beauty: Luxury beauty products, including cosmetics, skincare and haircare products and fragrances; Mass Beauty: Everyday beauty products and personal care, including cosmetics and skincare and haircare products; Health and Wellbeing: MediCare Vitamins, minerals, health supplements, specialty foods and herbal medicinal products. Sports, nutrition and exercise. Baby and parent. Sexual wellness, Personal care products and special skincare; Other: Clothing and accessories. It generates majority of revenue from Denmark followed by Sweden, Norway, and Other countries.
76GF Score
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