Neuca (FRA:7HD) ROC (Joel Greenblatt) %: 55.92% (As of Mar. 2026) — 43% Above 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:7HD Neuca SA FRA:7HD
94 GF Score
Price €160.40
GF Value €195.27
! 4 Warning Signs
View Full Analysis

What is Neuca ROC (Joel Greenblatt) %?

Neuca FRA:7HD +1.01% 94 ROC (Joel Greenblatt) % is 55.92% as of Mar. 2026, which is 43% above its 10-year median of 39.19. GuruFocus rates FRA:7HD with a GF Score™ of 94/100 and a GF Value™ of €195.27. The stock has 4 warning signs investors should review. Among 118 Medical Distribution companies, Neuca ranks better than 82.2% 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. Neuca's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 55.92%.

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

FRA:7HD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 32.29   Med: 39.19   Max: 51.24
Current: 39.34

During the past 13 years, Neuca's highest ROC (Joel Greenblatt) % was 51.24%. The lowest was 32.29%. And the median was 39.19%.

FRA:7HD's ROC (Joel Greenblatt) % is ranked better than
82.2% of 118 companies
in the Medical Distribution industry
Industry Median: 16.185 vs FRA:7HD: 39.34

Neuca's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.40% per year.


Neuca  (FRA:7HD) 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.


Neuca ROC (Joel Greenblatt) % Related Terms


Neuca ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Neuca'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.

Neuca ROC (Joel Greenblatt) % Chart

Neuca 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 39.19 44.40 45.40 44.20 36.95

Neuca Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 50.74 30.43 48.02 22.31 55.92

FRA:7HD vs MCK, CAH, COR: ROC (Joel Greenblatt) % Comparison

For the Medical Distribution subindustry, Neuca'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.


Neuca ROC (Joel Greenblatt) % vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Neuca's ROC (Joel Greenblatt) % distribution charts can be found below:

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


FRA:7HD
94GF Score
Neuca SA FRA:7HD
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Neuca 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: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(458.283 + 440.812 + 5.3910000000001) - (913.838 + 0 + 78.873)
=-88.225

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(465.651 + 408.71 + 2.491) - (859.398 + 0 + 69.113)
=-51.659

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Neuca for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=95.316/( ( (171.077 + max(-88.225, 0)) + (169.805 + max(-51.659, 0)) )/ 2 )
=95.316/( ( 171.077 + 169.805 )/ 2 )
=95.316/170.441
=55.92 %

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 55.92% mean?
Neuca (FRA:7HD) has a ROC (Joel Greenblatt) % of 55.92% 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 Neuca and its competitors. This is 43% above median its historical median of 39.19. Over the past decade, Neuca's ROC (Joel Greenblatt) % has ranged from 32.29 to 51.24. According to the industry distribution chart, Neuca ranks #21 out of 118 companies in the Medical Distribution industry, placing it in the top 17.8%.
Is Neuca's ROC (Joel Greenblatt) % too high?
Neuca's current ROC (Joel Greenblatt) % of 55.92% is 43% above median its 10-year median of 39.19. Over the past 10 years, this metric has ranged from a low of 32.29 to a high of 51.24. The Medical Distribution industry median ROC (Joel Greenblatt) % is 16.19. Neuca's value of 55.92% is 245.5% above this industry median. Based on the distribution chart, Neuca ranks #21 out of 118 companies in the Medical Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Neuca has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Neuca's ROC (Joel Greenblatt) % compare to MCK and CAH?
According to the Medical Distribution industry distribution chart, Neuca ranks #21 out of 118 companies for ROC (Joel Greenblatt) %. This places Neuca in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 16.19. Neuca's value of 55.92% is 245.5% above this benchmark. Historically, Neuca's own ROC (Joel Greenblatt) % has ranged from 32.29 to 51.24 over the past decade. While the company's 10-year median is 39.19 vs. the industry median of 16.19, Neuca 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 Medical Distribution company?
The median ROC (Joel Greenblatt) % among Medical Distribution companies is 16.19, based on 118 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. Neuca's current ROC (Joel Greenblatt) % of 55.92% is 245.5% 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 Neuca and its competitors. For the Medical Distribution industry, the median ROC (Joel Greenblatt) % is 16.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neuca's current ROC (Joel Greenblatt) % is 55.92%, which is 43% above median its own 10-year median of 39.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neuca stock overvalued right now?
Neuca (FRA:7HD) has a current ROC (Joel Greenblatt) % of 55.92%. The stock's GF Value™ is €195.27, compared to a current price of €160.40 — trading 17.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 55.92%, which is 43% above median its 10-year median of 39.19 and 245.5% above the Medical Distribution industry median of 16.19. Neuca's overall GF Score™ is 94/100 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 Neuca (FRA:7HD), the current ROC (Joel Greenblatt) % is 55.92% 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 Neuca (FRA:7HD) Overvalued in 2026?

Based on GuruFocus' analysis, Neuca stock appears to be undervalued. The current stock price of €160.40 is trading 17.9% below its estimated GF Value™ of €195.27.

Key valuation signals for FRA:7HD:

  • ROC (Joel Greenblatt) %: 55.92% (43% above median its 10-year median of 39.19)
  • GF Value™: €195.27 vs. price of €160.40 (17.9% below fair value)
  • GF Score™: 94/100 with 4 warning signs
  • Industry Position: 245.5% above the Medical Distribution median (#21 of 118)

No single metric tells the full story. See the FRA:7HD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Neuca Business Description

Other Exchanges NEU:Poland
Address ul. Forteczna 35‑37, Torun, POL, 87-100
Neuca SA is a wholesale distributor of pharmaceuticals in Poland. The company's segment includes Pharmacy wholesale; Manufacture of pharmaceuticals; Outpatient medical care clinics; Clinical trials and Insurance activities. It generates maximum revenue from the Pharmacy wholesale segment.
94GF Score

Get the complete analysis for FRA:7HD

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

€160.40
Price
€195.27
GF Value