Pioneer CreditFRA:0PI +2.23%33 ROC (Joel Greenblatt) % is 890.61% as of Dec. 2025, which is 147% above its 10-year median of 360.91. GuruFocus rates FRA:0PI with a GF Score™ of 33/100 and a GF Value™ of €0.31 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 413 Credit Services companies, Pioneer Credit ranks better than 87.41% 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. Pioneer Credit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 890.61%.
The historical rank and industry rank for Pioneer Credit's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:0PI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -85.34 Med: 360.91 Max: 823.39
Current: 823.39
During the past 12 years, Pioneer Credit's highest ROC (Joel Greenblatt) % was 823.39%. The lowest was -85.34%. And the median was 360.91%.
FRA:0PI's ROC (Joel Greenblatt) % is ranked better than 87.41% of 413
companies
in the Credit Services industry
Industry Median: 38.19
vs FRA:0PI: 823.39
Pioneer Credit's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Pioneer Credit ROC (Joel Greenblatt) % Related Terms
Pioneer Credit ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Pioneer Credit'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:0PI vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, Pioneer Credit'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.
Pioneer Credit ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Pioneer Credit's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pioneer Credit'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 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 890.61% mean?
Pioneer Credit (FRA:0PI) has a ROC (Joel Greenblatt) % of 890.61% 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 Pioneer Credit and its competitors. This is 147% above median its historical median of 360.91. According to the industry distribution chart, Pioneer Credit ranks #52 out of 413 companies in the Credit Services industry, placing it in the top 12.6%.
Is Pioneer Credit's ROC (Joel Greenblatt) % too high?
Pioneer Credit's current ROC (Joel Greenblatt) % of 890.61% is 147% above median its 10-year median of 360.91. The Credit Services industry median ROC (Joel Greenblatt) % is 38.19. Pioneer Credit's value of 890.61% is 2232.1% above this industry median. Based on the distribution chart, Pioneer Credit ranks #52 out of 413 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Pioneer Credit has a GF Score™ of 33/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Credit's ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, Pioneer Credit ranks #52 out of 413 companies for ROC (Joel Greenblatt) %. This places Pioneer Credit in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 38.19. Pioneer Credit's value of 890.61% is 2232.1% above this benchmark. While the company's 10-year median is 360.91 vs. the industry median of 38.19, Pioneer Credit 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 Credit Services company?
The median ROC (Joel Greenblatt) % among Credit Services companies is 38.19, based on 413 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. Pioneer Credit's current ROC (Joel Greenblatt) % of 890.61% is 2232.1% 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 Pioneer Credit and its competitors. For the Credit Services industry, the median ROC (Joel Greenblatt) % is 38.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Credit's current ROC (Joel Greenblatt) % is 890.61%, which is 147% above median its own 10-year median of 360.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Credit stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Credit (FRA:0PI) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.31, compared to a current price of €0.40 — trading 27.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 890.61%, which is 147% above median its 10-year median of 360.91 and 2232.1% above the Credit Services industry median of 38.19. Pioneer Credit's overall GF Score™ is 33/100 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 Pioneer Credit (FRA:0PI), the current ROC (Joel Greenblatt) % is 890.61% 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 Pioneer Credit (FRA:0PI) Overvalued in 2026?
Based on GuruFocus' analysis, Pioneer Credit stock appears to be overvalued.
The current stock price of €0.40 is trading 27.4% above its estimated GF Value™ of €0.31.
GuruFocus considers Pioneer Credit to be Modestly Overvalued.
Key valuation signals for FRA:0PI:
ROC (Joel Greenblatt) %: 890.61% (147% above median its 10-year median of 360.91)
GF Value™: €0.31 vs. price of €0.40 (27.4% above fair value)
Industry Position: 2232.1% above the Credit Services median (#52 of 413)
No single metric tells the full story. See the FRA:0PI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pioneer Credit Ltd provides financial services in Australia. Its primary business involves the acquisition and servicing of Purchased Debt Portfolios (PDPs). The company has launched its app, called Pioneer Path, which is a personal finance and budget management app that helps customers spend less, save more, and reduce debt.
33GF Score
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