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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. Kraken Robotics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -16.75%.
The historical rank and industry rank for Kraken Robotics's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:2KQ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -504.46 Med: -45.26 Max: 39.04
Current: 4.2
During the past 13 years, Kraken Robotics's highest ROC (Joel Greenblatt) % was 39.04%. The lowest was -504.46%. And the median was -45.26%.
FRA:2KQ's ROC (Joel Greenblatt) % is ranked worse than 62.55% of 2491
companies
in the Hardware industry
Industry Median: 10.44
vs FRA:2KQ: 4.20
Kraken Robotics'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.
Kraken Robotics ROC (Joel Greenblatt) % Related Terms
Kraken Robotics ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Kraken Robotics'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:2KQ vs COHR, KEYS, GRMN: ROC (Joel Greenblatt) % Comparison
For the Scientific & Technical Instruments subindustry, Kraken Robotics'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.
Kraken Robotics ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Kraken Robotics's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kraken Robotics'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 -16.75% mean?
Kraken Robotics (FRA:2KQ) has a ROC (Joel Greenblatt) % of -16.75% 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 Kraken Robotics and its competitors. According to the industry distribution chart, Kraken Robotics ranks #1558 out of 2491 companies in the Hardware industry, placing it in the top 62.5%.
Is Kraken Robotics' ROC (Joel Greenblatt) % too high?
Kraken Robotics' current ROC (Joel Greenblatt) % is -16.75%. Based on the distribution chart, Kraken Robotics ranks #1558 out of 2491 companies in the Hardware industry, which is below the industry midpoint. Overall, Kraken Robotics has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kraken Robotics' ROC (Joel Greenblatt) % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Kraken Robotics ranks #1558 out of 2491 companies for ROC (Joel Greenblatt) %. This places Kraken Robotics in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.44. 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.44, based on 2,491 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. 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 Kraken Robotics and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kraken Robotics's current ROC (Joel Greenblatt) % is -16.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kraken Robotics stock overvalued right now?
Based on GuruFocus' analysis, Kraken Robotics (FRA:2KQ) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.95, compared to a current price of €3.61 — trading 85.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is -16.75%. Kraken Robotics' overall GF Score™ is 77/100 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 Kraken Robotics (FRA:2KQ), the current ROC (Joel Greenblatt) % is -16.75% 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 Kraken Robotics (FRA:2KQ) Overvalued in 2026?
Based on GuruFocus' analysis, Kraken Robotics stock appears to be overvalued.
The current stock price of €3.61 is trading 85.1% above its estimated GF Value™ of €1.95.
GuruFocus considers Kraken Robotics to be Significantly Overvalued.
Key valuation signals for FRA:2KQ:
ROC (Joel Greenblatt) %: -16.75%
GF Value™: €1.95 vs. price of €3.61 (85.1% above fair value)
No single metric tells the full story. See the FRA:2KQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kraken Robotics Inc is a Canadian company that supplies sonar and optical sensors, batteries, and underwater robotics equipment and services for military and commercial applications. The company operates in the business segments of Products segment, which is the design, manufacture, and sale of equipment, including underwater vehicle platforms, Synthetic Aperture Sonar, and subsea power equipment; and the Services segment, which is the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. The company generates the majority of its revenue from the Products segment. Geographically, Asia Pacific; Europe, Middle East and Africa, North America, and Other, where, Asia Pacific earns majority of its revenue.
77GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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