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South Manganese InvestmentFRA:00D0 -2.99%44 ROC (Joel Greenblatt) % is 3.77% as of Dec. 2025, which is 44% below its 10-year median of 6.77. GuruFocus rates FRA:00D0 with a GF Score™ of 44/100 and a GF Value™ of €0.01. The stock has 4 warning signs investors should review. Among 2,507 Metals & Mining companies, South Manganese Investment ranks better than 78.94% 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. South Manganese Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.77%.
The historical rank and industry rank for South Manganese Investment's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:00D0'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.79 Med: 6.77 Max: 15.75
Current: 7.89
During the past 13 years, South Manganese Investment's highest ROC (Joel Greenblatt) % was 15.75%. The lowest was -11.79%. And the median was 6.77%.
FRA:00D0's ROC (Joel Greenblatt) % is ranked better than 78.94% of 2507
companies
in the Metals & Mining industry
Industry Median: -22.09
vs FRA:00D0: 7.89
South Manganese Investment (FRA:00D0) 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.
South Manganese Investment ROC (Joel Greenblatt) % Chart
South Manganese Investment ROC (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, South Manganese Investment'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.
South Manganese Investment ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, South Manganese Investment's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where South Manganese Investment's ROC (Joel Greenblatt) % falls into.
South Manganese Investment 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 two times the semi-annual (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 3.77% mean?
South Manganese Investment (FRA:00D0) has a ROC (Joel Greenblatt) % of 3.77% 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 South Manganese Investment and its competitors. This is 44% below median its historical median of 6.77. According to the industry distribution chart, South Manganese Investment ranks #528 out of 2507 companies in the Metals & Mining industry, placing it in the top 21.1%.
Is South Manganese Investment's ROC (Joel Greenblatt) % too high?
South Manganese Investment's current ROC (Joel Greenblatt) % of 3.77% is 44% below median its 10-year median of 6.77. Based on the distribution chart, South Manganese Investment ranks #528 out of 2507 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, South Manganese Investment has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does South Manganese Investment's ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, South Manganese Investment ranks #528 out of 2507 companies for ROC (Joel Greenblatt) %. This places South Manganese Investment in the top 21% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 South Manganese Investment and its competitors. South Manganese Investment's current ROC (Joel Greenblatt) % is 3.77%, which is 44% below median its own 10-year median of 6.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Manganese Investment stock overvalued right now?
South Manganese Investment (FRA:00D0) has a current ROC (Joel Greenblatt) % of 3.77%. The stock's GF Value™ is €0.01, compared to a current price of €0.03 — trading 225% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3.77%, which is 44% below median its 10-year median of 6.77. South Manganese Investment's overall GF Score™ is 44/100 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 South Manganese Investment (FRA:00D0), the current ROC (Joel Greenblatt) % is 3.77% 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 South Manganese Investment (FRA:00D0) Overvalued in 2026?
Based on GuruFocus' analysis, South Manganese Investment stock appears to be overvalued.
The current stock price of €0.03 is trading 225% above its estimated GF Value™ of €0.01.
Key valuation signals for FRA:00D0:
ROC (Joel Greenblatt) %: 3.77% (44% below median its 10-year median of 6.77)
GF Value™: €0.01 vs. price of €0.03 (225% above fair value)
No single metric tells the full story. See the FRA:00D0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South Manganese Investment Ltd is a mining company engaged in manganese mining, ore processing in China and Gabon, and downstream processing operations in the PRC. The company operates in four segments namely Manganese mining which engages in the mining and production of manganese products including mining, beneficiation, concentrating, grinding and the production of manganese concentrates; EMM and alloying materials production segment comprise hydrometallurgical processing and pyrometallurgical processing; Battery materials production segment engages in the production and sale of battery materials products, including Electrolytic Manganese Dioxide; and others business segment includes trading of various commodities such as manganese ore, sales of scraps, and others.
44GF Score
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