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Infroneer HoldingsFRA:96L -1.33%43 ROC (Joel Greenblatt) % is 43.16% as of Mar. 2026, which is 67% above its 10-year median of 25.89. GuruFocus rates FRA:96L with a GF Score™ of 43/100 and a GF Value™ of €10.42 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,782 Construction companies, Infroneer Holdings ranks better than 72.17% 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. Infroneer Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.16%.
The historical rank and industry rank for Infroneer Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:96L'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 24.16 Med: 25.89 Max: 41.51
Current: 41.24
During the past 5 years, Infroneer Holdings's highest ROC (Joel Greenblatt) % was 41.51%. The lowest was 24.16%. And the median was 25.89%.
FRA:96L's ROC (Joel Greenblatt) % is ranked better than 72.17% of 1782
companies
in the Construction industry
Industry Median: 19.6
vs FRA:96L: 41.24
Infroneer Holdings'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.
Infroneer Holdings ROC (Joel Greenblatt) % Related Terms
Infroneer Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Infroneer Holdings'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:96L vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Infroneer Holdings'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.
Infroneer Holdings ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Infroneer Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Infroneer Holdings'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 43.16% mean?
Infroneer Holdings (FRA:96L) has a ROC (Joel Greenblatt) % of 43.16% 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 Infroneer Holdings and its competitors. This is 67% above median its historical median of 25.89. Over the past decade, Infroneer Holdings' ROC (Joel Greenblatt) % has ranged from 24.16 to 41.51. According to the industry distribution chart, Infroneer Holdings ranks #496 out of 1782 companies in the Construction industry, placing it in the top 27.8%.
Is Infroneer Holdings' ROC (Joel Greenblatt) % too high?
Infroneer Holdings' current ROC (Joel Greenblatt) % of 43.16% is 67% above median its 10-year median of 25.89. Over the past 10 years, this metric has ranged from a low of 24.16 to a high of 41.51. The Construction industry median ROC (Joel Greenblatt) % is 19.60. Infroneer Holdings' value of 43.16% is 120.2% above this industry median. Based on the distribution chart, Infroneer Holdings ranks #496 out of 1782 companies in the Construction industry, which is above the industry midpoint. Overall, Infroneer Holdings has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Infroneer Holdings' ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Infroneer Holdings ranks #496 out of 1782 companies for ROC (Joel Greenblatt) %. This puts Infroneer Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.60. Infroneer Holdings' value of 43.16% is 120.2% above this benchmark. Historically, Infroneer Holdings' own ROC (Joel Greenblatt) % has ranged from 24.16 to 41.51 over the past decade. While the company's 10-year median is 25.89 vs. the industry median of 19.60, Infroneer Holdings 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 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. Infroneer Holdings's current ROC (Joel Greenblatt) % of 43.16% is 120.2% 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 Infroneer Holdings 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. Infroneer Holdings's current ROC (Joel Greenblatt) % is 43.16%, which is 67% above median its own 10-year median of 25.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Infroneer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Infroneer Holdings (FRA:96L) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.42, compared to a current price of €14.80 — trading 42% above its estimated fair value. The current ROC (Joel Greenblatt) % is 43.16%, which is 67% above median its 10-year median of 25.89 and 120.2% above the Construction industry median of 19.60. Infroneer Holdings' overall GF Score™ is 43/100 with 6 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 Infroneer Holdings (FRA:96L), the current ROC (Joel Greenblatt) % is 43.16% 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 Infroneer Holdings (FRA:96L) Overvalued in 2026?
Based on GuruFocus' analysis, Infroneer Holdings stock appears to be overvalued.
The current stock price of €14.80 is trading 42% above its estimated GF Value™ of €10.42.
GuruFocus considers Infroneer Holdings to be Significantly Overvalued.
Key valuation signals for FRA:96L:
ROC (Joel Greenblatt) %: 43.16% (67% above median its 10-year median of 25.89)
GF Value™: €10.42 vs. price of €14.80 (42% above fair value)
Industry Position: 120.2% above the Construction median (#496 of 1782)
No single metric tells the full story. See the FRA:96L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Infroneer Holdings Inc is a Japan-based company engaged in construction and infrastructure-related businesses. The company operates through five segments: the Construction Business, which handles construction work for apartment complexes, factories, and logistics facilities; the Civil Engineering Business, which focuses on bridges, tunnels, and related projects; the Paving Business, which conducts paving work and manufactures asphalt mixtures; the Machinery Business, which involves the sale and rental of construction machinery; and the Infrastructure Operation Business, which is engaged in concession projects and renewable energy-related operations including the development, maintenance, and management of public infrastructure. It generates majority of revenue from Construction segment.
43GF Score
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