Euronext NVERNXY -0.44%89 ROC (Joel Greenblatt) % is 575.80% as of Mar. 2026, which is 16% above its 10-year median of 495.42. GuruFocus rates ERNXY with a GF Score™ of 89/100 and a GF Value™ of $30.13 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 678 Capital Markets companies, Euronext NV ranks better than 85.69% 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. Euronext NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 575.80%.
The historical rank and industry rank for Euronext NV's ROC (Joel Greenblatt) % or its related term are showing as below:
ERNXY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 413.13 Med: 495.42 Max: 1134.16
Current: 544.49
During the past 13 years, Euronext NV's highest ROC (Joel Greenblatt) % was 1134.16%. The lowest was 413.13%. And the median was 495.42%.
ERNXY's ROC (Joel Greenblatt) % is ranked better than 85.69% of 678
companies
in the Capital Markets industry
Industry Median: 34.64
vs ERNXY: 544.49
Euronext NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.60% per year.
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.
Euronext NV ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Euronext NV'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.
ERNXY vs SPGI, CME, MCO: ROC (Joel Greenblatt) % Comparison
For the Financial Data & Stock Exchanges subindustry, Euronext NV'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.
Euronext NV ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Euronext NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Euronext NV'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 575.80% mean?
Euronext NV (ERNXY) has a ROC (Joel Greenblatt) % of 575.80% 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 Euronext NV and its competitors. This is 16% above median its historical median of 495.42. Over the past decade, Euronext NV's ROC (Joel Greenblatt) % has ranged from 413.13 to 1,134.16. According to the industry distribution chart, Euronext NV ranks #97 out of 678 companies in the Capital Markets industry, placing it in the top 14.3%.
Is Euronext NV's ROC (Joel Greenblatt) % too high?
Euronext NV's current ROC (Joel Greenblatt) % of 575.80% is 16% above median its 10-year median of 495.42. Over the past 10 years, this metric has ranged from a low of 413.13 to a high of 1,134.16. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.64. Euronext NV's value of 575.80% is 1562.2% above this industry median. Based on the distribution chart, Euronext NV ranks #97 out of 678 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Euronext NV has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Euronext NV's ROC (Joel Greenblatt) % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Euronext NV ranks #97 out of 678 companies for ROC (Joel Greenblatt) %. This places Euronext NV in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.64. Euronext NV's value of 575.80% is 1562.2% above this benchmark. Historically, Euronext NV's own ROC (Joel Greenblatt) % has ranged from 413.13 to 1,134.16 over the past decade. While the company's 10-year median is 495.42 vs. the industry median of 34.64, Euronext NV 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.64, based on 678 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. Euronext NV's current ROC (Joel Greenblatt) % of 575.80% is 1562.2% 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 Euronext NV and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Euronext NV's current ROC (Joel Greenblatt) % is 575.80%, which is 16% above median its own 10-year median of 495.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euronext NV stock overvalued right now?
Based on GuruFocus' analysis, Euronext NV (ERNXY) is currently considered Modestly Overvalued. The stock's GF Value™ is $30.13, compared to a current price of $34.29 — trading 13.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 575.80%, which is 16% above median its 10-year median of 495.42 and 1562.2% above the Capital Markets industry median of 34.64. Euronext NV's overall GF Score™ is 89/100 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 Euronext NV (ERNXY), the current ROC (Joel Greenblatt) % is 575.80% 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 Euronext NV (ERNXY) Overvalued in 2026?
Based on GuruFocus' analysis, Euronext NV stock appears to be overvalued.
The current stock price of $34.29 is trading 13.8% above its estimated GF Value™ of $30.13.
GuruFocus considers Euronext NV to be Modestly Overvalued.
Key valuation signals for ERNXY:
ROC (Joel Greenblatt) %: 575.80% (16% above median its 10-year median of 495.42)
GF Value™: $30.13 vs. price of $34.29 (13.8% above fair value)
Industry Position: 1562.2% above the Capital Markets median (#97 of 678)
No single metric tells the full story. See the ERNXY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Euronext is a financial exchange group with trading venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, covering primarily cash equities, fixed income, and index and single stock derivatives. With the acquisition of Borsa Italiana, Euronext has also taken control of CC&G, the Italian multi-asset clearing house, as well as Monte Titoli, the Italian central securities depository. This complements Euronext's other CSDs in Norway, Denmark and Portugal. Euronext is the owner of the CAC40, AEX, BEL 20, ISEQ 20, OBX, and PSI 20 indexes.
89GF Score
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