Cloetta ABFRA:0CL +0.09%72 ROC (Joel Greenblatt) % is 52.51% as of Mar. 2026, which is 66% above its 10-year median of 31.67. GuruFocus rates FRA:0CL with a GF Score™ of 72/100 and a GF Value™ of €2.25 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,978 Consumer Packaged Goods companies, Cloetta AB ranks better than 88.47% 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. Cloetta AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 52.51%.
The historical rank and industry rank for Cloetta AB's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:0CL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.32 Med: 31.67 Max: 49.79
Current: 44.78
During the past 13 years, Cloetta AB's highest ROC (Joel Greenblatt) % was 49.79%. The lowest was 19.32%. And the median was 31.67%.
FRA:0CL's ROC (Joel Greenblatt) % is ranked better than 88.47% of 1978
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs FRA:0CL: 44.78
Cloetta AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.10% per year.
Cloetta AB (FRA:0CL) 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.
Cloetta AB ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Cloetta AB'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.
FRA:0CL vs MDLZ, HSY, TR: ROC (Joel Greenblatt) % Comparison
For the Confectioners subindustry, Cloetta AB'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.
Cloetta AB ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Cloetta AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cloetta AB'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 52.51% mean?
Cloetta AB (FRA:0CL) has a ROC (Joel Greenblatt) % of 52.51% 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 Cloetta AB and its competitors. This is 66% above median its historical median of 31.67. Over the past decade, Cloetta AB's ROC (Joel Greenblatt) % has ranged from 19.32 to 49.79. According to the industry distribution chart, Cloetta AB ranks #228 out of 1978 companies in the Consumer Packaged Goods industry, placing it in the top 11.5%.
Is Cloetta AB's ROC (Joel Greenblatt) % too high?
Cloetta AB's current ROC (Joel Greenblatt) % of 52.51% is 66% above median its 10-year median of 31.67. Over the past 10 years, this metric has ranged from a low of 19.32 to a high of 49.79. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Cloetta AB's value of 52.51% is 337.9% above this industry median. Based on the distribution chart, Cloetta AB ranks #228 out of 1978 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Cloetta AB has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cloetta AB's ROC (Joel Greenblatt) % compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Cloetta AB ranks #228 out of 1978 companies for ROC (Joel Greenblatt) %. This places Cloetta AB in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Cloetta AB's value of 52.51% is 337.9% above this benchmark. Historically, Cloetta AB's own ROC (Joel Greenblatt) % has ranged from 19.32 to 49.79 over the past decade. While the company's 10-year median is 31.67 vs. the industry median of 11.99, Cloetta AB 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. Cloetta AB's current ROC (Joel Greenblatt) % of 52.51% is 337.9% 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 Cloetta AB 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. Cloetta AB's current ROC (Joel Greenblatt) % is 52.51%, which is 66% above median its own 10-year median of 31.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloetta AB stock overvalued right now?
Based on GuruFocus' analysis, Cloetta AB (FRA:0CL) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.25, compared to a current price of €4.42 — trading 96.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 52.51%, which is 66% above median its 10-year median of 31.67 and 337.9% above the Consumer Packaged Goods industry median of 11.99. Cloetta AB's overall GF Score™ is 72/100 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 Cloetta AB (FRA:0CL), the current ROC (Joel Greenblatt) % is 52.51% 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 Cloetta AB (FRA:0CL) Overvalued in 2026?
Based on GuruFocus' analysis, Cloetta AB stock appears to be overvalued.
The current stock price of €4.42 is trading 96.4% above its estimated GF Value™ of €2.25.
GuruFocus considers Cloetta AB to be Significantly Overvalued.
Key valuation signals for FRA:0CL:
ROC (Joel Greenblatt) %: 52.51% (66% above median its 10-year median of 31.67)
GF Value™: €2.25 vs. price of €4.42 (96.4% above fair value)
Industry Position: 337.9% above the Consumer Packaged Goods median (#228 of 1978)
No single metric tells the full story. See the FRA:0CL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cloetta AB is a Northern Europe's confectionery company, with products sold in more than 60 countries through its own brands. The assortment mainly comprises candy, chocolate, pastilles and chewing gum. The company's brands include Red Band, Malaco, Kexchoklad, CandyKing, Ahlgrens Bilar, Gott & Blandat, Lakerol, Mynthon, Tupla and Juleskum. The Core markets of the company are Sweden, Finland, Denmark, Norway and the Netherlands. The company has six production units in five countries and is headquartered in Stockholm, Sweden.
72GF Score
Get the complete analysis for FRA:0CL
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
FRA:0CL has been successfully added to your 
