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New Wave Group ABCHIX:NEWABS 84 ROC (Joel Greenblatt) % is 10.26% as of Mar. 2026, which is 34% below its 10-year median of 15.60. GuruFocus rates CHIX:NEWABS with a GF Score™ of 84/100 and a GF Value™ of kr109.60 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,131 Retail - Cyclical companies, New Wave Group AB ranks better than 55.97% 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. New Wave Group AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.26%.
The historical rank and industry rank for New Wave Group AB's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:NEWABs'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.75 Med: 15.6 Max: 29.25
Current: 15.26
During the past 13 years, New Wave Group AB's highest ROC (Joel Greenblatt) % was 29.25%. The lowest was 11.75%. And the median was 15.60%.
CHIX:NEWABs's ROC (Joel Greenblatt) % is ranked better than 55.97% of 1131
companies
in the Retail - Cyclical industry
Industry Median: 11.65
vs CHIX:NEWABs: 15.26
New Wave Group AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.50% per year.
New Wave Group AB (CHIX:NEWABs) 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.
New Wave Group AB ROC (Joel Greenblatt) % Related Terms
New Wave Group AB ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for New Wave Group 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:NEWABS vs CASY, WSM, ULTA: ROC (Joel Greenblatt) % Comparison
For the Specialty Retail subindustry, New Wave Group 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.
New Wave Group AB ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, New Wave Group AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where New Wave Group AB's ROC (Joel Greenblatt) % falls into.
New Wave Group AB 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 10.26% mean?
New Wave Group AB (CHIX:NEWABS) has a ROC (Joel Greenblatt) % of 10.26% 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 New Wave Group AB and its competitors. This is 34% below median its historical median of 15.60. Over the past decade, New Wave Group AB's ROC (Joel Greenblatt) % has ranged from 11.75 to 29.25. According to the industry distribution chart, New Wave Group AB ranks #498 out of 1131 companies in the Retail - Cyclical industry, placing it in the top 44%.
Is New Wave Group AB's ROC (Joel Greenblatt) % too high?
New Wave Group AB's current ROC (Joel Greenblatt) % of 10.26% is 34% below median its 10-year median of 15.60. Over the past 10 years, this metric has ranged from a low of 11.75 to a high of 29.25. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.65. New Wave Group AB's value of 10.26% is 11.9% below this industry median. Based on the distribution chart, New Wave Group AB ranks #498 out of 1131 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, New Wave Group AB has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does New Wave Group AB's ROC (Joel Greenblatt) % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, New Wave Group AB ranks #498 out of 1131 companies for ROC (Joel Greenblatt) %. This puts New Wave Group AB in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.65. New Wave Group AB's value of 10.26% is 11.9% below this benchmark. Historically, New Wave Group AB's own ROC (Joel Greenblatt) % has ranged from 11.75 to 29.25 over the past decade. While the company's 10-year median is 15.60 vs. the industry median of 11.65, New Wave Group AB 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 11.65, based on 1,131 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. New Wave Group AB's current ROC (Joel Greenblatt) % of 10.26% is 11.9% 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 New Wave Group AB and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Wave Group AB's current ROC (Joel Greenblatt) % is 10.26%, which is 34% below median its own 10-year median of 15.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Wave Group AB stock overvalued right now?
Based on GuruFocus' analysis, New Wave Group AB (CHIX:NEWABS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr109.60, compared to a current price of kr94.88 — trading 13.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.26%, which is 34% below median its 10-year median of 15.60 and 11.9% below the Retail - Cyclical industry median of 11.65. New Wave Group AB's overall GF Score™ is 84/100 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 New Wave Group AB (CHIX:NEWABS), the current ROC (Joel Greenblatt) % is 10.26% 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 New Wave Group AB (CHIX:NEWABS) Overvalued in 2026?
Based on GuruFocus' analysis, New Wave Group AB stock appears to be undervalued.
The current stock price of kr94.88 is trading 13.4% below its estimated GF Value™ of kr109.60.
GuruFocus considers New Wave Group AB to be Modestly Undervalued.
Key valuation signals for CHIX:NEWABS:
ROC (Joel Greenblatt) %: 10.26% (34% below median its 10-year median of 15.60)
GF Value™: kr109.60 vs. price of kr94.88 (13.4% below fair value)
Industry Position: 11.9% below the Retail - Cyclical median (#498 of 1131)
No single metric tells the full story. See the CHIX:NEWABS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Wave Group AB is a Sweden-based company that designs, acquires, and develops brands and products in the corporate promo, gifts, and home furnishings sectors. The group achieves synergies by coordinating the design, purchasing, marketing, warehousing, and distribution of its product range. To ensure good diversification, the Group markets its products in the corporate promo market and the retail market. The group divides its operations into three operating segments: Corporate, Sports and Leisure, and Gifts and Home Furnishings. It derives maximum revenue from the Corporate segment. The firm generates the majority of its revenue from Promo sales channel.
84GF Score
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