Scandinavian Tobacco Group ASCHIX:STGC 65 ROC (Joel Greenblatt) % is 10.66% as of Mar. 2026, which is 61% below its 10-year median of 27.61. GuruFocus rates CHIX:STGC with a GF Score™ of 65/100 and a GF Value™ of kr108.33. The stock has 8 warning signs investors should review. Among 47 Tobacco Products companies, Scandinavian Tobacco Group AS ranks worse than 65.96% 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. Scandinavian Tobacco Group AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.66%.
The historical rank and industry rank for Scandinavian Tobacco Group AS's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:STGc'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.99 Med: 27.61 Max: 48.68
Current: 19.99
During the past 13 years, Scandinavian Tobacco Group AS's highest ROC (Joel Greenblatt) % was 48.68%. The lowest was 19.99%. And the median was 27.61%.
CHIX:STGc's ROC (Joel Greenblatt) % is ranked worse than 65.96% of 47
companies
in the Tobacco Products industry
Industry Median: 43.16
vs CHIX:STGc: 19.99
Scandinavian Tobacco Group AS (CHIX:STGc) 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.
Scandinavian Tobacco Group AS ROC (Joel Greenblatt) % Chart
CHIX:STGC vs PM, MO, TPB: ROC (Joel Greenblatt) % Comparison
For the Tobacco subindustry, Scandinavian Tobacco Group 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.
Scandinavian Tobacco Group AS ROC (Joel Greenblatt) % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Scandinavian Tobacco Group AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Scandinavian Tobacco Group AS's ROC (Joel Greenblatt) % falls into.
Scandinavian Tobacco Group AS 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 10.66% mean?
Scandinavian Tobacco Group AS (CHIX:STGC) has a ROC (Joel Greenblatt) % of 10.66% 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 Scandinavian Tobacco Group AS and its competitors. This is 61% below median its historical median of 27.61. Over the past decade, Scandinavian Tobacco Group AS's ROC (Joel Greenblatt) % has ranged from 19.99 to 48.68. According to the industry distribution chart, Scandinavian Tobacco Group AS ranks #31 out of 47 companies in the Tobacco Products industry, placing it in the top 66%.
Is Scandinavian Tobacco Group AS's ROC (Joel Greenblatt) % too high?
Scandinavian Tobacco Group AS's current ROC (Joel Greenblatt) % of 10.66% is 61% below median its 10-year median of 27.61. Over the past 10 years, this metric has ranged from a low of 19.99 to a high of 48.68. The Tobacco Products industry median ROC (Joel Greenblatt) % is 43.16. Scandinavian Tobacco Group AS's value of 10.66% is 75.3% below this industry median. Based on the distribution chart, Scandinavian Tobacco Group AS ranks #31 out of 47 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, Scandinavian Tobacco Group AS has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Tobacco Group AS's ROC (Joel Greenblatt) % compare to PM and MO?
According to the Tobacco Products industry distribution chart, Scandinavian Tobacco Group AS ranks #31 out of 47 companies for ROC (Joel Greenblatt) %. This places Scandinavian Tobacco Group AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 43.16. Scandinavian Tobacco Group AS's value of 10.66% is 75.3% below this benchmark. Historically, Scandinavian Tobacco Group AS's own ROC (Joel Greenblatt) % has ranged from 19.99 to 48.68 over the past decade. While the company's 10-year median is 27.61 vs. the industry median of 43.16, Scandinavian Tobacco Group 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 Tobacco Products company?
The median ROC (Joel Greenblatt) % among Tobacco Products companies is 43.16, based on 47 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. Scandinavian Tobacco Group AS's current ROC (Joel Greenblatt) % of 10.66% is 75.3% 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 Scandinavian Tobacco Group AS and its competitors. For the Tobacco Products industry, the median ROC (Joel Greenblatt) % is 43.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Tobacco Group AS's current ROC (Joel Greenblatt) % is 10.66%, which is 61% below median its own 10-year median of 27.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Tobacco Group AS stock overvalued right now?
Scandinavian Tobacco Group AS (CHIX:STGC) has a current ROC (Joel Greenblatt) % of 10.66%. The stock's GF Value™ is kr108.33, compared to a current price of kr66.80 — trading 38.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.66%, which is 61% below median its 10-year median of 27.61 and 75.3% below the Tobacco Products industry median of 43.16. Scandinavian Tobacco Group AS's overall GF Score™ is 65/100 with 8 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 Scandinavian Tobacco Group AS (CHIX:STGC), the current ROC (Joel Greenblatt) % is 10.66% 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 Scandinavian Tobacco Group AS (CHIX:STGC) Overvalued in 2026?
Based on GuruFocus' analysis, Scandinavian Tobacco Group AS stock appears to be undervalued.
The current stock price of kr66.80 is trading 38.3% below its estimated GF Value™ of kr108.33.
Key valuation signals for CHIX:STGC:
ROC (Joel Greenblatt) %: 10.66% (61% below median its 10-year median of 27.61)
GF Value™: kr108.33 vs. price of kr66.80 (38.3% below fair value)
Industry Position: 75.3% below the Tobacco Products median (#31 of 47)
No single metric tells the full story. See the CHIX:STGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scandinavian Tobacco Group AS Business Description
Scandinavian Tobacco Group AS offers cigars, pipe tobacco, and accessories in North America, Europe, and Australia. It operates in three segments: North America online and retail, which includes direct to consumer sales of all product categories sold via the online, catalogue and retail channel in North America. North America branded and the Rest of the World, which provides its products to wholesalers and distributors; Europe Branded comprises sale of all product categories to wholesalers, distributors and direct to retail in Germany, Denmark, Sweden, France, Italy, Belgium, the Netherlands, Luxembourg, Spain, Portugal, the UK, and Ireland.
65GF Score
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