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. Altech Advanced Materials AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -1,912.20%.
The historical rank and industry rank for Altech Advanced Materials AG's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:AMA0'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -928.51 Med: -113.61 Max: 51.76
Current: -913.58
During the past 13 years, Altech Advanced Materials AG's highest ROC (Joel Greenblatt) % was 51.76%. The lowest was -928.51%. And the median was -113.61%.
FRA:AMA0's ROC (Joel Greenblatt) % is ranked worse than 88.02% of 626
companies
in the Asset Management industry
Industry Median: 62.7
vs FRA:AMA0: -913.58
Altech Advanced Materials AG (FRA:AMA0) 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.
* 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.
Altech Advanced Materials AG ROC (Joel Greenblatt) % Chart
FRA:AMA0 vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Altech Advanced Materials AG'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.
Altech Advanced Materials AG ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Altech Advanced Materials AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Altech Advanced Materials AG's ROC (Joel Greenblatt) % falls into.
Altech Advanced Materials AG 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:
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 -1,912.20% mean?
Altech Advanced Materials AG (FRA:AMA0) has a ROC (Joel Greenblatt) % of -1,912.20% 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 Altech Advanced Materials AG and its competitors. According to the industry distribution chart, Altech Advanced Materials AG ranks #551 out of 626 companies in the Asset Management industry, placing it in the top 88%.
Is Altech Advanced Materials AG's ROC (Joel Greenblatt) % too high?
Altech Advanced Materials AG's current ROC (Joel Greenblatt) % is -1,912.20%. Based on the distribution chart, Altech Advanced Materials AG ranks #551 out of 626 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Altech Advanced Materials AG has a GF Score™ of 38/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Altech Advanced Materials AG's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Altech Advanced Materials AG ranks #551 out of 626 companies for ROC (Joel Greenblatt) %. This places Altech Advanced Materials AG in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 62.70. 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 Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 62.70, based on 626 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. 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 Altech Advanced Materials AG and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 62.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altech Advanced Materials AG's current ROC (Joel Greenblatt) % is -1,912.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altech Advanced Materials AG stock overvalued right now?
Based on GuruFocus' analysis, Altech Advanced Materials AG (FRA:AMA0) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.78, compared to a current price of €1.37 — trading 23% below its estimated fair value. The current ROC (Joel Greenblatt) % is -1,912.20%. Altech Advanced Materials AG's overall GF Score™ is 38/100 with 7 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 Altech Advanced Materials AG (FRA:AMA0), the current ROC (Joel Greenblatt) % is -1,912.20% 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 Altech Advanced Materials AG (FRA:AMA0) Overvalued in 2026?
Based on GuruFocus' analysis, Altech Advanced Materials AG stock appears to be undervalued.
The current stock price of €1.37 is trading 23% below its estimated GF Value™ of €1.78.
GuruFocus considers Altech Advanced Materials AG to be Modestly Undervalued.
Key valuation signals for FRA:AMA0:
ROC (Joel Greenblatt) %: -1,912.20%
GF Value™: €1.78 vs. price of €1.37 (23% below fair value)
No single metric tells the full story. See the FRA:AMA0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altech Advanced Materials AG is an investment company that makes investments in corporations and partnerships that represent a good opportunity/risk ratio, particularly in the business areas of raw material extraction and processing, chemistry, manufacture of all types of packaging and paper products, as well as their distribution. The aim of the company, together with its cooperation partner Altech Batteries Limited, is to enter the market for lithium-ion batteries for electromobility with innovative and high-performance anode material based on high-purity aluminum oxide ("HPA) - Silumina Anodes - as well as in the area of solid-state batteries for stationary battery use with - CERENERGY - to participate.
38GF Score
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