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. The Artisanal Spirits Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -12.19%.
The historical rank and industry rank for The Artisanal Spirits Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:045'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.73 Med: -5.13 Max: -1.72
Current: -12.68
During the past 8 years, The Artisanal Spirits Co's highest ROC (Joel Greenblatt) % was -1.72%. The lowest was -12.73%. And the median was -5.13%.
FRA:045's ROC (Joel Greenblatt) % is ranked worse than 87.68% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 11.88
vs FRA:045: -12.68
The Artisanal Spirits Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.60% per year.
The Artisanal Spirits Co (FRA:045) 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.
The Artisanal Spirits Co ROC (Joel Greenblatt) % Related Terms
The Artisanal Spirits Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for The Artisanal Spirits Co'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.
The Artisanal Spirits Co ROC (Joel Greenblatt) % Chart
FRA:045 vs BF.B: ROC (Joel Greenblatt) % Comparison
For the Beverages - Wineries & Distilleries subindustry, The Artisanal Spirits Co'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.
The Artisanal Spirits Co ROC (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, The Artisanal Spirits Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where The Artisanal Spirits Co's ROC (Joel Greenblatt) % falls into.
The Artisanal Spirits Co 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 -12.19% mean?
The Artisanal Spirits Co (FRA:045) has a ROC (Joel Greenblatt) % of -12.19% 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 The Artisanal Spirits Co and its competitors. According to the industry distribution chart, The Artisanal Spirits Co ranks #185 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 87.7%.
Is The Artisanal Spirits Co's ROC (Joel Greenblatt) % too high?
The Artisanal Spirits Co's current ROC (Joel Greenblatt) % is -12.19%. Based on the distribution chart, The Artisanal Spirits Co ranks #185 out of 211 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, The Artisanal Spirits Co has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does The Artisanal Spirits Co's ROC (Joel Greenblatt) % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, The Artisanal Spirits Co ranks #185 out of 211 companies for ROC (Joel Greenblatt) %. This places The Artisanal Spirits Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.88. 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 Beverages - Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Alcoholic companies is 11.88, based on 211 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. 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 The Artisanal Spirits Co and its competitors. For the Beverages - Alcoholic industry, the median ROC (Joel Greenblatt) % is 11.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Artisanal Spirits Co's current ROC (Joel Greenblatt) % is -12.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Artisanal Spirits Co stock overvalued right now?
The Artisanal Spirits Co (FRA:045) has a current ROC (Joel Greenblatt) % of -12.19%. The stock's GF Value™ is €0.41, compared to a current price of €0.26 — trading 35.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is -12.19%. The Artisanal Spirits Co's overall GF Score™ is 27/100 with 7 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 The Artisanal Spirits Co (FRA:045), the current ROC (Joel Greenblatt) % is -12.19% 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 The Artisanal Spirits Co (FRA:045) Overvalued in 2026?
Based on GuruFocus' analysis, The Artisanal Spirits Co stock appears to be undervalued.
The current stock price of €0.26 is trading 35.6% below its estimated GF Value™ of €0.41.
Key valuation signals for FRA:045:
ROC (Joel Greenblatt) %: -12.19%
GF Value™: €0.41 vs. price of €0.26 (35.6% below fair value)
No single metric tells the full story. See the FRA:045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Artisanal Spirits Co PLC is a curator and provider of premium single-cask Scotch malt whisky and other spirits for sale online to a discerning global membership. It offers a range of other spirits such as single-cask Bourbon, Indian and Japanese whisky, as well as single-cask Armagnac, Cognac, gin, and rum. Its operations are predominantly based in the UK with the Group also generating revenue from Europe, Asia, America, and Others, of which maximum revenue is generated from Europe. Its brands include: The Scotch Malt Whisky Society, Single Cask Nation, Artisan Casks and J.G. Thomson.
27GF Score
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