Airbus SEFRA:AIRA +1.41%87 ROC (Joel Greenblatt) % is 16.54% as of Mar. 2026, which is 46% below its 10-year median of 30.49. GuruFocus rates FRA:AIRA with a GF Score™ of 87/100 and a GF Value™ of €42.67 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 354 Aerospace & Defense companies, Airbus SE ranks better than 76.55% 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. Airbus SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.54%.
The historical rank and industry rank for Airbus SE's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:AIRA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.09 Med: 30.49 Max: 35.6
Current: 33.56
During the past 13 years, Airbus SE's highest ROC (Joel Greenblatt) % was 35.60%. The lowest was -4.09%. And the median was 30.49%.
FRA:AIRA's ROC (Joel Greenblatt) % is ranked better than 76.55% of 354
companies
in the Aerospace & Defense industry
Industry Median: 10.77
vs FRA:AIRA: 33.56
Airbus SE's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Airbus SE (FRA:AIRA) 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.
The historical data trend for Airbus SE'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:AIRA vs SPCX, GE, RTX: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Airbus SE'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.
Airbus SE ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Airbus SE's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Airbus SE'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 16.54% mean?
Airbus SE (FRA:AIRA) has a ROC (Joel Greenblatt) % of 16.54% 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 Airbus SE and its competitors. This is 46% below median its historical median of 30.49. According to the industry distribution chart, Airbus SE ranks #83 out of 354 companies in the Aerospace & Defense industry, placing it in the top 23.4%.
Is Airbus SE's ROC (Joel Greenblatt) % too high?
Airbus SE's current ROC (Joel Greenblatt) % of 16.54% is 46% below median its 10-year median of 30.49. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.77. Airbus SE's value of 16.54% is 53.6% above this industry median. Based on the distribution chart, Airbus SE ranks #83 out of 354 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Airbus SE has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Airbus SE's ROC (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Airbus SE ranks #83 out of 354 companies for ROC (Joel Greenblatt) %. This places Airbus SE in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.77. Airbus SE's value of 16.54% is 53.6% above this benchmark. While the company's 10-year median is 30.49 vs. the industry median of 10.77, Airbus SE 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 an Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.77, based on 354 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. Airbus SE's current ROC (Joel Greenblatt) % of 16.54% is 53.6% 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 Airbus SE and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airbus SE's current ROC (Joel Greenblatt) % is 16.54%, which is 46% below median its own 10-year median of 30.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airbus SE stock overvalued right now?
Based on GuruFocus' analysis, Airbus SE (FRA:AIRA) is currently considered Modestly Overvalued. The stock's GF Value™ is €42.67, compared to a current price of €50.50 — trading 18.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.54%, which is 46% below median its 10-year median of 30.49 and 53.6% above the Aerospace & Defense industry median of 10.77. Airbus SE's overall GF Score™ is 87/100 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 Airbus SE (FRA:AIRA), the current ROC (Joel Greenblatt) % is 16.54% 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 Airbus SE (FRA:AIRA) Overvalued in 2026?
Based on GuruFocus' analysis, Airbus SE stock appears to be overvalued.
The current stock price of €50.50 is trading 18.4% above its estimated GF Value™ of €42.67.
GuruFocus considers Airbus SE to be Modestly Overvalued.
Key valuation signals for FRA:AIRA:
ROC (Joel Greenblatt) %: 16.54% (46% below median its 10-year median of 30.49)
GF Value™: €42.67 vs. price of €50.50 (18.4% above fair value)
Industry Position: 53.6% above the Aerospace & Defense median (#83 of 354)
No single metric tells the full story. See the FRA:AIRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Airbus is a global aerospace and defense firm that designs, develops, and manufactures commercial and military jets and helicopters, as well as space launch vehicles and satellites. The company operates three divisions: commercial, defense and space, and helicopters. Commercial offers multiple configurations of aircraft ranging from the narrow-body (120-200 seats) A220 and A320 series to the much larger A330 and A350 wide-body models. The defense and space segment supplies governments with military hardware, including transport aircraft, aerial tankers, and the Eurofighter Typhoon multirole jet. The helicopter division manufactures turbine helicopters for the civil and public markets.
87GF Score
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