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Systemair ABFRA:52SA -0.95%86 ROC (Joel Greenblatt) % is 13.28% as of Apr. 2026, which is 24% below its 10-year median of 17.38. GuruFocus rates FRA:52SA with a GF Score™ of 86/100 and a GF Value™ of €7.27 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,782 Construction companies, Systemair AB ranks worse than 52.13% 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. Systemair AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 13.28%.
The historical rank and industry rank for Systemair AB's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:52SA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.39 Med: 17.38 Max: 28.17
Current: 18.15
During the past 13 years, Systemair AB's highest ROC (Joel Greenblatt) % was 28.17%. The lowest was 12.39%. And the median was 17.38%.
FRA:52SA's ROC (Joel Greenblatt) % is ranked worse than 52.13% of 1782
companies
in the Construction industry
Industry Median: 19.6
vs FRA:52SA: 18.15
Systemair AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.30% per year.
Systemair AB (FRA:52SA) 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.
Systemair AB ROC (Joel Greenblatt) % Related Terms
Systemair AB ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Systemair AB'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:52SA vs TT, JCI, CARR: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Systemair AB'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.
Systemair AB ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Systemair AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Systemair AB'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 (Apr. 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 13.28% mean?
Systemair AB (FRA:52SA) has a ROC (Joel Greenblatt) % of 13.28% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Systemair AB and its competitors. This is 24% below median its historical median of 17.38. Over the past decade, Systemair AB's ROC (Joel Greenblatt) % has ranged from 12.39 to 28.17. According to the industry distribution chart, Systemair AB ranks #929 out of 1782 companies in the Construction industry, placing it in the top 52.1%.
Is Systemair AB's ROC (Joel Greenblatt) % too high?
Systemair AB's current ROC (Joel Greenblatt) % of 13.28% is 24% below median its 10-year median of 17.38. Over the past 10 years, this metric has ranged from a low of 12.39 to a high of 28.17. The Construction industry median ROC (Joel Greenblatt) % is 19.60. Systemair AB's value of 13.28% is 32.2% below this industry median. Based on the distribution chart, Systemair AB ranks #929 out of 1782 companies in the Construction industry, which is below the industry midpoint. Overall, Systemair AB has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Systemair AB's ROC (Joel Greenblatt) % compare to TT and JCI?
According to the Construction industry distribution chart, Systemair AB ranks #929 out of 1782 companies for ROC (Joel Greenblatt) %. This places Systemair AB in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.60. Systemair AB's value of 13.28% is 32.2% below this benchmark. Historically, Systemair AB's own ROC (Joel Greenblatt) % has ranged from 12.39 to 28.17 over the past decade. While the company's 10-year median is 17.38 vs. the industry median of 19.60, Systemair AB has consistently been below 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.60, based on 1,782 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. Systemair AB's current ROC (Joel Greenblatt) % of 13.28% is 32.2% 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 Systemair AB and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Systemair AB's current ROC (Joel Greenblatt) % is 13.28%, which is 24% below median its own 10-year median of 17.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Systemair AB stock overvalued right now?
Based on GuruFocus' analysis, Systemair AB (FRA:52SA) is currently considered Fairly Valued. The stock's GF Value™ is €7.27, compared to a current price of €7.28 — trading 0.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.28%, which is 24% below median its 10-year median of 17.38 and 32.2% below the Construction industry median of 19.60. Systemair AB's overall GF Score™ is 86/100 with 1 warning sign 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 Systemair AB (FRA:52SA), the current ROC (Joel Greenblatt) % is 13.28% as of Apr. 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 Systemair AB (FRA:52SA) Overvalued in 2026?
Based on GuruFocus' analysis, Systemair AB stock appears to be overvalued.
The current stock price of €7.28 is trading 0.1% above its estimated GF Value™ of €7.27.
GuruFocus considers Systemair AB to be Fairly Valued.
Key valuation signals for FRA:52SA:
ROC (Joel Greenblatt) %: 13.28% (24% below median its 10-year median of 17.38)
GF Value™: €7.27 vs. price of €7.28 (0.1% above fair value)
Industry Position: 32.2% below the Construction median (#929 of 1782)
No single metric tells the full story. See the FRA:52SA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Systemair AB is a building material company that develops, manufactures, and markets ventilation products. The company's products under its flagship Systemair brand include air conditioning units, air curtains, air distribution products, and energy-efficient fans. The company also markets products under its Frico, VEAB Heat Tech AB, Fantech, and Menerga segments. Frico manufactures air curtains and heating products, while VEAB primarily develops heating products. The Fantech segment markets to the residential sector, in contrast to Systemair's commercial base. Menerga produces high-efficiency air-handling units for specialized buildings such as museums, airports, and swimming pool halls. The company generates the majority of its revenue from Europe.
86GF 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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