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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. Diamond Estates Wines & Spirits's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.36%.
The historical rank and industry rank for Diamond Estates Wines & Spirits's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:4WS0'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.75 Med: -3.96 Max: 5.09
Current: 3.69
During the past 13 years, Diamond Estates Wines & Spirits's highest ROC (Joel Greenblatt) % was 5.09%. The lowest was -16.75%. And the median was -3.96%.
FRA:4WS0's ROC (Joel Greenblatt) % is ranked worse than 67.14% of 210
companies
in the Beverages - Alcoholic industry
Industry Median: 12.005
vs FRA:4WS0: 3.69
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.
* 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:4WS0 vs BF.B: ROC (Joel Greenblatt) % Comparison
For the Beverages - Wineries & Distilleries subindustry, Diamond Estates Wines & Spirits'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.
Diamond Estates Wines & Spirits ROC (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Diamond Estates Wines & Spirits's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Diamond Estates Wines & Spirits'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 (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 4.36% mean?
Diamond Estates Wines & Spirits (FRA:4WS0) has a ROC (Joel Greenblatt) % of 4.36% 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 Diamond Estates Wines & Spirits and its competitors. According to the industry distribution chart, Diamond Estates Wines & Spirits ranks #141 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 67.1%.
Is Diamond Estates Wines & Spirits' ROC (Joel Greenblatt) % too high?
Diamond Estates Wines & Spirits' current ROC (Joel Greenblatt) % is 4.36%. The Beverages - Alcoholic industry median ROC (Joel Greenblatt) % is 12.01. Diamond Estates Wines & Spirits' value of 4.36% is 63.7% below this industry median. Based on the distribution chart, Diamond Estates Wines & Spirits ranks #141 out of 210 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Diamond Estates Wines & Spirits has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Diamond Estates Wines & Spirits' ROC (Joel Greenblatt) % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Diamond Estates Wines & Spirits ranks #141 out of 210 companies for ROC (Joel Greenblatt) %. This places Diamond Estates Wines & Spirits in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.01. Diamond Estates Wines & Spirits' value of 4.36% is 63.7% below 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 a Beverages - Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Alcoholic companies is 12.01, based on 210 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. Diamond Estates Wines & Spirits's current ROC (Joel Greenblatt) % of 4.36% is 63.7% below 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 Diamond Estates Wines & Spirits and its competitors. For the Beverages - Alcoholic industry, the median ROC (Joel Greenblatt) % is 12.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diamond Estates Wines & Spirits's current ROC (Joel Greenblatt) % is 4.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamond Estates Wines & Spirits stock overvalued right now?
Diamond Estates Wines & Spirits (FRA:4WS0) has a current ROC (Joel Greenblatt) % of 4.36%. The stock's GF Value™ is €0.06, compared to a current price of €0.07 — trading 11.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.36% and 63.7% below the Beverages - Alcoholic industry median of 12.01. Diamond Estates Wines & Spirits' overall GF Score™ is 43/100 with 4 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 Diamond Estates Wines & Spirits (FRA:4WS0), the current ROC (Joel Greenblatt) % is 4.36% 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 Diamond Estates Wines & Spirits (FRA:4WS0) Overvalued in 2026?
Based on GuruFocus' analysis, Diamond Estates Wines & Spirits stock appears to be overvalued.
The current stock price of €0.07 is trading 11.7% above its estimated GF Value™ of €0.06.
Key valuation signals for FRA:4WS0:
ROC (Joel Greenblatt) %: 4.36%
GF Value™: €0.06 vs. price of €0.07 (11.7% above fair value)
Industry Position: 63.7% below the Beverages - Alcoholic median (#141 of 210)
No single metric tells the full story. See the FRA:4WS0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diamond Estates Wines & Spirits Business Description
Diamond Estates Wines & Spirits Inc is a Canada-based firm engaged in the production, marketing, and sale of wine and through its agency division, operating as Trajectory Beverage Partners, distribution and marketing activities for various beverage alcohol brands that it represents in Canada. Its operating segments are Distribution and sales of products represented in Canada under agency agreements with third parties, and sales of manufactured wines. The company generates a majority of its revenue from the sale of wines.
43GF 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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