Clarkson (FRA:1DH) ROC (Joel Greenblatt) %: 137.07% (As of Dec. 2025) — 10% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:1DH Clarkson PLC FRA:1DH
87 GF Score
Price €56.50
GF Value €41.18
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Clarkson ROC (Joel Greenblatt) %?

Clarkson FRA:1DH +0.89% 87 ROC (Joel Greenblatt) % is 137.07% as of Dec. 2025, which is 10% below its 10-year median of 152.21. GuruFocus rates FRA:1DH with a GF Score™ of 87/100 and a GF Value™ of €41.18 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 998 Transportation companies, Clarkson ranks better than 96.19% 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. Clarkson's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 137.07%.

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

FRA:1DH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.9   Med: 152.21   Max: 181.91
Current: 129.83

During the past 13 years, Clarkson's highest ROC (Joel Greenblatt) % was 181.91%. The lowest was -18.90%. And the median was 152.21%.

FRA:1DH's ROC (Joel Greenblatt) % is ranked better than
96.19% of 998 companies
in the Transportation industry
Industry Median: 11.805 vs FRA:1DH: 129.83

Clarkson's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Clarkson  (FRA:1DH) 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.


Clarkson ROC (Joel Greenblatt) % Related Terms


Clarkson ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Clarkson'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.

Clarkson ROC (Joel Greenblatt) % Chart

Clarkson Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.99 152.25 171.87 185.60 124.74

Clarkson Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 179.75 164.06 208.12 120.23 137.07

Clarkson ROC (Joel Greenblatt) % Competitor Comparison

For the Marine Shipping subindustry, Clarkson'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.


Clarkson ROC (Joel Greenblatt) % vs Transportation Industry

For the Transportation industry and Industrials sector, Clarkson's ROC (Joel Greenblatt) % distribution charts can be found below:

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


FRA:1DH
87GF Score
Clarkson PLC FRA:1DH
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Clarkson 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: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(181.87 + 5.176 + 7.9989999999999) - (254.689 + 0 + 1.058)
=-60.702

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(195.037 + 5.145 + 26.523) - (127.243 + 0 + 300.557)
=-201.095

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Clarkson for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=114.324/( ( (77.642 + max(-60.702, 0)) + (89.173 + max(-201.095, 0)) )/ 2 )
=114.324/( ( 77.642 + 89.173 )/ 2 )
=114.324/83.4075
=137.07 %

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 137.07% mean?
Clarkson (FRA:1DH) has a ROC (Joel Greenblatt) % of 137.07% 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 Clarkson and its competitors. This is 10% below median its historical median of 152.21. According to the industry distribution chart, Clarkson ranks #38 out of 998 companies in the Transportation industry, placing it in the top 3.8%.
Is Clarkson's ROC (Joel Greenblatt) % too high?
Clarkson's current ROC (Joel Greenblatt) % of 137.07% is 10% below median its 10-year median of 152.21. The Transportation industry median ROC (Joel Greenblatt) % is 11.81. Clarkson's value of 137.07% is 1061.1% above this industry median. Based on the distribution chart, Clarkson ranks #38 out of 998 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Clarkson has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Clarkson's ROC (Joel Greenblatt) % compare to competitors?
According to the Transportation industry distribution chart, Clarkson ranks #38 out of 998 companies for ROC (Joel Greenblatt) %. This places Clarkson in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.81. Clarkson's value of 137.07% is 1061.1% above this benchmark. While the company's 10-year median is 152.21 vs. the industry median of 11.81, Clarkson 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.81, based on 998 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. Clarkson's current ROC (Joel Greenblatt) % of 137.07% is 1061.1% 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 Clarkson and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clarkson's current ROC (Joel Greenblatt) % is 137.07%, which is 10% below median its own 10-year median of 152.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clarkson stock overvalued right now?
Based on GuruFocus' analysis, Clarkson (FRA:1DH) is currently considered Significantly Overvalued. The stock's GF Value™ is €41.18, compared to a current price of €56.50 — trading 37.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 137.07%, which is 10% below median its 10-year median of 152.21 and 1061.1% above the Transportation industry median of 11.81. Clarkson's overall GF Score™ is 87/100 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 Clarkson (FRA:1DH), the current ROC (Joel Greenblatt) % is 137.07% 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 Clarkson (FRA:1DH) Overvalued in 2026?

Based on GuruFocus' analysis, Clarkson stock appears to be overvalued. The current stock price of €56.50 is trading 37.2% above its estimated GF Value™ of €41.18. GuruFocus considers Clarkson to be Significantly Overvalued.

Key valuation signals for FRA:1DH:

  • ROC (Joel Greenblatt) %: 137.07% (10% below median its 10-year median of 152.21)
  • GF Value™: €41.18 vs. price of €56.50 (37.2% above fair value)
  • GF Score™: 87/100 with 7 warning signs
  • Industry Position: 1061.1% above the Transportation median (#38 of 998)

No single metric tells the full story. See the FRA:1DH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Clarkson Business Description

Address Commodity Quay, St Katharine Docks, London, GBR, E1W 1BF
Clarkson PLC offers shipbroking services, sector research, on-hand logistical support, and full investment banking services in the shipping and offshore sectors. The Group's operating segments are: Broking, Financial, Support, and Research. Maximum revenue is generated from the Broking segment, which represents services provided to shipowners and charterers relating to the transportation by sea of a wide range of cargoes. It also represents sale and purchase services provided to buyers and sellers/yards of maritime assets. Also included is a futures broking operation which arranges principal-to-principal cash-settled contracts for differences based upon standardised freight contracts. Geographically, the Group generates maximum revenue from Europe, Middle East and Africa (EMEA) region.
87GF Score

Get the complete analysis for FRA:1DH

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

€56.50
Price
€41.18
GF Value