CreativeForge Games (FRA:19F) ROC (Joel Greenblatt) %: 17.24% (As of Mar. 2026)

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FRA:19F CreativeForge Games SA FRA:19F
35 GF Score
Price €0.34
GF Value €0.29
Valuation Modestly Overvalued
! 5 Warning Signs
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What is CreativeForge Games ROC (Joel Greenblatt) %?

CreativeForge Games FRA:19F 35 ROC (Joel Greenblatt) % is 17.24% as of Mar. 2026. GuruFocus rates FRA:19F with a GF Score™ of 35/100 and a GF Value™ of €0.29 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 549 Interactive Media companies, CreativeForge Games ranks worse than 57.19% 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. CreativeForge Games's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.24%.

The historical rank and industry rank for CreativeForge Games's ROC (Joel Greenblatt) % or its related term are showing as below:

FRA:19F' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -106.02   Med: -20.41   Max: -0.56
Current: -0.99

During the past 8 years, CreativeForge Games's highest ROC (Joel Greenblatt) % was -0.56%. The lowest was -106.02%. And the median was -20.41%.

FRA:19F's ROC (Joel Greenblatt) % is ranked worse than
57.19% of 549 companies
in the Interactive Media industry
Industry Median: 16.14 vs FRA:19F: -0.99

CreativeForge Games's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -93.90% per year.


CreativeForge Games  (FRA:19F) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


CreativeForge Games ROC (Joel Greenblatt) % Related Terms


CreativeForge Games ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for CreativeForge Games'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.

CreativeForge Games ROC (Joel Greenblatt) % Chart

CreativeForge Games Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial -38.23 -29.82 -26.33 -14.53 -106.35

CreativeForge Games Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -35.60 -17.48 5.41 6.41 17.24

FRA:19F vs NTES, EA, TTWO: ROC (Joel Greenblatt) % Comparison

For the Electronic Gaming & Multimedia subindustry, CreativeForge Games'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.


CreativeForge Games ROC (Joel Greenblatt) % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CreativeForge Games's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where CreativeForge Games's ROC (Joel Greenblatt) % falls into.


FRA:19F
35GF Score
CreativeForge Games SA FRA:19F
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CreativeForge Games 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.029 + 0.269 + 0.01) - (0.01 + 0 + 0.056)
=0.242

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.272 + -5.5511151231258E-17) - (0 + 0 + 0.052)
=0.22

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of CreativeForge Games for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.04/( ( (0.001 + max(0.242, 0)) + (0.001 + max(0.22, 0)) )/ 2 )
=0.04/( ( 0.243 + 0.221 )/ 2 )
=0.04/0.232
=17.24 %

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 17.24% mean?
CreativeForge Games (FRA:19F) has a ROC (Joel Greenblatt) % of 17.24% 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 CreativeForge Games and its competitors. According to the industry distribution chart, CreativeForge Games ranks #314 out of 549 companies in the Interactive Media industry, placing it in the top 57.2%.
Is CreativeForge Games' ROC (Joel Greenblatt) % too high?
CreativeForge Games' current ROC (Joel Greenblatt) % is 17.24%. The Interactive Media industry median ROC (Joel Greenblatt) % is 16.14. CreativeForge Games' value of 17.24% is 6.8% above this industry median. Based on the distribution chart, CreativeForge Games ranks #314 out of 549 companies in the Interactive Media industry, which is below the industry midpoint. Overall, CreativeForge Games has a GF Score™ of 35/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CreativeForge Games' ROC (Joel Greenblatt) % compare to NTES and EA?
According to the Interactive Media industry distribution chart, CreativeForge Games ranks #314 out of 549 companies for ROC (Joel Greenblatt) %. This places CreativeForge Games in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 16.14. CreativeForge Games' value of 17.24% is 6.8% above this benchmark. 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 an Interactive Media company?
The median ROC (Joel Greenblatt) % among Interactive Media companies is 16.14, based on 549 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. CreativeForge Games's current ROC (Joel Greenblatt) % of 17.24% is 6.8% 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 CreativeForge Games and its competitors. For the Interactive Media industry, the median ROC (Joel Greenblatt) % is 16.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CreativeForge Games's current ROC (Joel Greenblatt) % is 17.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CreativeForge Games stock overvalued right now?
Based on GuruFocus' analysis, CreativeForge Games (FRA:19F) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.29, compared to a current price of €0.34 — trading 18.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 17.24% and 6.8% above the Interactive Media industry median of 16.14. CreativeForge Games' overall GF Score™ is 35/100 with 5 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 CreativeForge Games (FRA:19F), the current ROC (Joel Greenblatt) % is 17.24% 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 CreativeForge Games (FRA:19F) Overvalued in 2026?

Based on GuruFocus' analysis, CreativeForge Games stock appears to be overvalued. The current stock price of €0.34 is trading 18.3% above its estimated GF Value™ of €0.29. GuruFocus considers CreativeForge Games to be Modestly Overvalued.

Key valuation signals for FRA:19F:

  • ROC (Joel Greenblatt) %: 17.24%
  • GF Value™: €0.29 vs. price of €0.34 (18.3% above fair value)
  • GF Score™: 35/100 with 5 warning signs
  • Industry Position: 6.8% above the Interactive Media median (#314 of 549)

No single metric tells the full story. See the FRA:19F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CreativeForge Games Business Description

Other Exchanges CFG:Poland
Address ul. Bluszczanska 76/PAW. 6, Warsaw, POL, 00-712
CreativeForge Games SA is a game development studio. It creates games for PC, PlayStation, Xbox, and other devices. The company's games include Hard West, Phantom Doctrine, and The tactical Cold War.
35GF Score

Get the complete analysis for FRA:19F

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.34
Price
€0.29
GF Value