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AureaFRA:94P 72 ROC (Joel Greenblatt) % is 2.06% as of Dec. 2025, which is 67% below its 10-year median of 6.26. GuruFocus rates FRA:94P with a GF Score™ of 72/100 and a GF Value™ of €5.04 (Fairly Valued). The stock has 3 warning signs investors should review. Among 245 Waste Management companies, Aurea ranks worse than 67.35% 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. Aurea's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2.06%.
The historical rank and industry rank for Aurea's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:94P'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.61 Med: 6.26 Max: 20.07
Current: 0.09
During the past 13 years, Aurea's highest ROC (Joel Greenblatt) % was 20.07%. The lowest was -4.61%. And the median was 6.26%.
FRA:94P's ROC (Joel Greenblatt) % is ranked worse than 67.35% of 245
companies
in the Waste Management industry
Industry Median: 11.43
vs FRA:94P: 0.09
Aurea'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.
The historical data trend for Aurea'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:94P vs WM, RSG, WCN: ROC (Joel Greenblatt) % Comparison
For the Waste Management subindustry, Aurea'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.
Aurea ROC (Joel Greenblatt) % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Aurea's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aurea'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 two times the semi-annual (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 2.06% mean?
Aurea (FRA:94P) has a ROC (Joel Greenblatt) % of 2.06% 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 Aurea and its competitors. This is 67% below median its historical median of 6.26. According to the industry distribution chart, Aurea ranks #165 out of 245 companies in the Waste Management industry, placing it in the top 67.3%.
Is Aurea's ROC (Joel Greenblatt) % too high?
Aurea's current ROC (Joel Greenblatt) % of 2.06% is 67% below median its 10-year median of 6.26. The Waste Management industry median ROC (Joel Greenblatt) % is 11.43. Aurea's value of 2.06% is 82% below this industry median. Based on the distribution chart, Aurea ranks #165 out of 245 companies in the Waste Management industry, which is below the industry midpoint. Overall, Aurea has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aurea's ROC (Joel Greenblatt) % compare to WM and RSG?
According to the Waste Management industry distribution chart, Aurea ranks #165 out of 245 companies for ROC (Joel Greenblatt) %. This places Aurea in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.43. Aurea's value of 2.06% is 82% below this benchmark. While the company's 10-year median is 6.26 vs. the industry median of 11.43, Aurea 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 Waste Management company?
The median ROC (Joel Greenblatt) % among Waste Management companies is 11.43, based on 245 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. Aurea's current ROC (Joel Greenblatt) % of 2.06% is 82% 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 Aurea and its competitors. For the Waste Management industry, the median ROC (Joel Greenblatt) % is 11.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aurea's current ROC (Joel Greenblatt) % is 2.06%, which is 67% below median its own 10-year median of 6.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aurea stock overvalued right now?
Based on GuruFocus' analysis, Aurea (FRA:94P) is currently considered Fairly Valued. The stock's GF Value™ is €5.04, compared to a current price of €5.48 — trading 8.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 2.06%, which is 67% below median its 10-year median of 6.26 and 82% below the Waste Management industry median of 11.43. Aurea's overall GF Score™ is 72/100 with 3 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 Aurea (FRA:94P), the current ROC (Joel Greenblatt) % is 2.06% 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 Aurea (FRA:94P) Overvalued in 2026?
Based on GuruFocus' analysis, Aurea stock appears to be overvalued.
The current stock price of €5.48 is trading 8.7% above its estimated GF Value™ of €5.04.
GuruFocus considers Aurea to be Fairly Valued.
Key valuation signals for FRA:94P:
ROC (Joel Greenblatt) %: 2.06% (67% below median its 10-year median of 6.26)
GF Value™: €5.04 vs. price of €5.48 (8.7% above fair value)
Industry Position: 82% below the Waste Management median (#165 of 245)
No single metric tells the full story. See the FRA:94P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aurea is a France-based company which operates in the environmental and sustainable development sector. The company focuses on activities related to the recycling of motor oils, to the production of wheels with solid rubber tires at the base of used tires, and to the recycling of polyvinyl chloride (PVC).
72GF Score
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