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Credit AcceptanceFRA:2D5 73 ROC (Joel Greenblatt) % is 593.11% as of Mar. 2026, which is 25% above its 10-year median of 473.74. GuruFocus rates FRA:2D5 with a GF Score™ of 73/100 and a GF Value™ of €538.42. The stock has 11 warning signs investors should review. Among 415 Credit Services companies, Credit Acceptance ranks better than 82.17% 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. Credit Acceptance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 593.11%.
The historical rank and industry rank for Credit Acceptance's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:2D5'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 221.78 Med: 473.74 Max: 763.5
Current: 585.46
During the past 13 years, Credit Acceptance's highest ROC (Joel Greenblatt) % was 763.50%. The lowest was 221.78%. And the median was 473.74%.
FRA:2D5's ROC (Joel Greenblatt) % is ranked better than 82.17% of 415
companies
in the Credit Services industry
Industry Median: 38.99
vs FRA:2D5: 585.46
Credit Acceptance's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.30% 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.
Credit Acceptance ROC (Joel Greenblatt) % Related Terms
Credit Acceptance ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Credit Acceptance'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:2D5 vs OMF, ENVA, SEZL: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, Credit Acceptance'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.
Credit Acceptance ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Credit Acceptance's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Credit Acceptance'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 593.11% mean?
Credit Acceptance (FRA:2D5) has a ROC (Joel Greenblatt) % of 593.11% 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 Credit Acceptance and its competitors. This is 25% above median its historical median of 473.74. Over the past decade, Credit Acceptance's ROC (Joel Greenblatt) % has ranged from 221.78 to 763.50. According to the industry distribution chart, Credit Acceptance ranks #74 out of 415 companies in the Credit Services industry, placing it in the top 17.8%.
Is Credit Acceptance's ROC (Joel Greenblatt) % too high?
Credit Acceptance's current ROC (Joel Greenblatt) % of 593.11% is 25% above median its 10-year median of 473.74. Over the past 10 years, this metric has ranged from a low of 221.78 to a high of 763.50. The Credit Services industry median ROC (Joel Greenblatt) % is 38.99. Credit Acceptance's value of 593.11% is 1421.2% above this industry median. Based on the distribution chart, Credit Acceptance ranks #74 out of 415 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Credit Acceptance has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Credit Acceptance's ROC (Joel Greenblatt) % compare to OMF and ENVA?
According to the Credit Services industry distribution chart, Credit Acceptance ranks #74 out of 415 companies for ROC (Joel Greenblatt) %. This places Credit Acceptance in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 38.99. Credit Acceptance's value of 593.11% is 1421.2% above this benchmark. Historically, Credit Acceptance's own ROC (Joel Greenblatt) % has ranged from 221.78 to 763.50 over the past decade. While the company's 10-year median is 473.74 vs. the industry median of 38.99, Credit Acceptance 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 38.99, based on 415 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. Credit Acceptance's current ROC (Joel Greenblatt) % of 593.11% is 1421.2% 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 Credit Acceptance and its competitors. For the Credit Services industry, the median ROC (Joel Greenblatt) % is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Credit Acceptance's current ROC (Joel Greenblatt) % is 593.11%, which is 25% above median its own 10-year median of 473.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Credit Acceptance stock overvalued right now?
Credit Acceptance (FRA:2D5) has a current ROC (Joel Greenblatt) % of 593.11%. The stock's GF Value™ is €538.42, compared to a current price of €535.00 — trading 0.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 593.11%, which is 25% above median its 10-year median of 473.74 and 1421.2% above the Credit Services industry median of 38.99. Credit Acceptance's overall GF Score™ is 73/100 with 11 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 Credit Acceptance (FRA:2D5), the current ROC (Joel Greenblatt) % is 593.11% 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 Credit Acceptance (FRA:2D5) Overvalued in 2026?
Based on GuruFocus' analysis, Credit Acceptance stock appears to be undervalued.
The current stock price of €535.00 is trading 0.6% below its estimated GF Value™ of €538.42.
Key valuation signals for FRA:2D5:
ROC (Joel Greenblatt) %: 593.11% (25% above median its 10-year median of 473.74)
GF Value™: €538.42 vs. price of €535.00 (0.6% below fair value)
Industry Position: 1421.2% above the Credit Services median (#74 of 415)
No single metric tells the full story. See the FRA:2D5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.
73GF Score
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