Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
European Wax CenterEWCZ 53 ROC (Joel Greenblatt) % is 85.84% as of Dec. 2025, which is 63% below its 10-year median of 231.91. GuruFocus rates EWCZ with a GF Score™ of 53/100 and a GF Value™ of $7.72. The stock has 10 warning signs investors should review. Among 1,978 Consumer Packaged Goods companies, European Wax Center ranks better than 98.38% 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. European Wax Center's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 85.84%.
The historical rank and industry rank for European Wax Center's ROC (Joel Greenblatt) % or its related term are showing as below:
EWCZ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -104.23 Med: 231.91 Max: 289.75
Current: 221.91
During the past 7 years, European Wax Center's highest ROC (Joel Greenblatt) % was 289.75%. The lowest was -104.23%. And the median was 231.91%.
EWCZ's ROC (Joel Greenblatt) % is ranked better than 98.38% of 1978
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs EWCZ: 221.91
European Wax Center's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
European Wax Center (NAS:EWCZ) 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.
European Wax Center ROC (Joel Greenblatt) % Related Terms
European Wax Center ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for European Wax Center'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.
EWCZ vs NUS, WALD, ACU: ROC (Joel Greenblatt) % Comparison
For the Household & Personal Products subindustry, European Wax Center'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.
European Wax Center ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, European Wax Center's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where European Wax Center's ROC (Joel Greenblatt) % falls into.
European Wax Center 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 (Dec. 2025) 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 85.84% mean?
European Wax Center (EWCZ) has a ROC (Joel Greenblatt) % of 85.84% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on European Wax Center and its competitors. This is 63% below median its historical median of 231.91. According to the industry distribution chart, European Wax Center ranks #32 out of 1978 companies in the Consumer Packaged Goods industry, placing it in the top 1.6%.
Is European Wax Center's ROC (Joel Greenblatt) % too high?
European Wax Center's current ROC (Joel Greenblatt) % of 85.84% is 63% below median its 10-year median of 231.91. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. European Wax Center's value of 85.84% is 615.9% above this industry median. Based on the distribution chart, European Wax Center ranks #32 out of 1978 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, European Wax Center has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does European Wax Center's ROC (Joel Greenblatt) % compare to NUS and WALD?
According to the Consumer Packaged Goods industry distribution chart, European Wax Center ranks #32 out of 1978 companies for ROC (Joel Greenblatt) %. This places European Wax Center in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. European Wax Center's value of 85.84% is 615.9% above this benchmark. While the company's 10-year median is 231.91 vs. the industry median of 11.99, European Wax Center 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,978 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. European Wax Center's current ROC (Joel Greenblatt) % of 85.84% is 615.9% 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 European Wax Center and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. European Wax Center's current ROC (Joel Greenblatt) % is 85.84%, which is 63% below median its own 10-year median of 231.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is European Wax Center stock overvalued right now?
European Wax Center (EWCZ) has a current ROC (Joel Greenblatt) % of 85.84%. The stock's GF Value™ is $7.72, compared to a current price of $5.82 — trading 24.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 85.84%, which is 63% below median its 10-year median of 231.91 and 615.9% above the Consumer Packaged Goods industry median of 11.99. European Wax Center's overall GF Score™ is 53/100 with 10 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 European Wax Center (EWCZ), the current ROC (Joel Greenblatt) % is 85.84% as of Dec. 2025. 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 European Wax Center (EWCZ) Overvalued in 2026?
Based on GuruFocus' analysis, European Wax Center stock appears to be undervalued.
The current stock price of $5.82 is trading 24.6% below its estimated GF Value™ of $7.72.
Key valuation signals for EWCZ:
ROC (Joel Greenblatt) %: 85.84% (63% below median its 10-year median of 231.91)
GF Value™: $7.72 vs. price of $5.82 (24.6% below fair value)
Industry Position: 615.9% above the Consumer Packaged Goods median (#32 of 1978)
No single metric tells the full story. See the EWCZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
European Wax Center Inc is a franchisor and operator of OOH waxing services. Its product sales consist of revenue earned from sales of proprietary wax. Its services include Brazilian Waxing, Brow Waxing, Body Waxing, Facial Waxing, All Waxing Services, Eyebrow Tinting, Laser Hair Removal, Men's Waxing Services, and others.
53GF Score
Get the complete analysis for EWCZ
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
EWCZ has been successfully added to your 
