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Apogee EnterprisesFRA:ANP -1.07%73 ROC (Joel Greenblatt) % is 18.87% as of May. 2026, which is 31% below its 10-year median of 27.21. GuruFocus rates FRA:ANP with a GF Score™ of 73/100 and a GF Value™ of €42.00 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,788 Construction companies, Apogee Enterprises ranks better than 57.16% 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. Apogee Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 18.87%.
The historical rank and industry rank for Apogee Enterprises's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:ANP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.21 Med: 27.21 Max: 42.02
Current: 25.04
During the past 13 years, Apogee Enterprises's highest ROC (Joel Greenblatt) % was 42.02%. The lowest was 4.21%. And the median was 27.21%.
FRA:ANP's ROC (Joel Greenblatt) % is ranked better than 57.16% of 1788
companies
in the Construction industry
Industry Median: 19.47
vs FRA:ANP: 25.04
Apogee Enterprises's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 46.70% 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.
Apogee Enterprises ROC (Joel Greenblatt) % Related Terms
Apogee Enterprises ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Apogee Enterprises'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:ANP vs NX, LMB, JBI: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Apogee Enterprises'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.
Apogee Enterprises ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Apogee Enterprises's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Apogee Enterprises'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 (May. 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 18.87% mean?
Apogee Enterprises (FRA:ANP) has a ROC (Joel Greenblatt) % of 18.87% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Apogee Enterprises and its competitors. This is 31% below median its historical median of 27.21. Over the past decade, Apogee Enterprises' ROC (Joel Greenblatt) % has ranged from 4.21 to 42.02. According to the industry distribution chart, Apogee Enterprises ranks #766 out of 1788 companies in the Construction industry, placing it in the top 42.8%.
Is Apogee Enterprises' ROC (Joel Greenblatt) % too high?
Apogee Enterprises' current ROC (Joel Greenblatt) % of 18.87% is 31% below median its 10-year median of 27.21. Over the past 10 years, this metric has ranged from a low of 4.21 to a high of 42.02. The Construction industry median ROC (Joel Greenblatt) % is 19.47. Apogee Enterprises' value of 18.87% is 3.1% below this industry median. Based on the distribution chart, Apogee Enterprises ranks #766 out of 1788 companies in the Construction industry, which is above the industry midpoint. Overall, Apogee Enterprises has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Apogee Enterprises' ROC (Joel Greenblatt) % compare to NX and LMB?
According to the Construction industry distribution chart, Apogee Enterprises ranks #766 out of 1788 companies for ROC (Joel Greenblatt) %. This puts Apogee Enterprises in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.47. Apogee Enterprises' value of 18.87% is 3.1% below this benchmark. Historically, Apogee Enterprises' own ROC (Joel Greenblatt) % has ranged from 4.21 to 42.02 over the past decade. While the company's 10-year median is 27.21 vs. the industry median of 19.47, Apogee Enterprises 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.47, based on 1,788 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. Apogee Enterprises's current ROC (Joel Greenblatt) % of 18.87% is 3.1% 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 Apogee Enterprises and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apogee Enterprises's current ROC (Joel Greenblatt) % is 18.87%, which is 31% below median its own 10-year median of 27.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apogee Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Apogee Enterprises (FRA:ANP) is currently considered Modestly Undervalued. The stock's GF Value™ is €42.00, compared to a current price of €37.00 — trading 11.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 18.87%, which is 31% below median its 10-year median of 27.21 and 3.1% below the Construction industry median of 19.47. Apogee Enterprises' overall GF Score™ is 73/100 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 Apogee Enterprises (FRA:ANP), the current ROC (Joel Greenblatt) % is 18.87% as of May. 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 Apogee Enterprises (FRA:ANP) Overvalued in 2026?
Based on GuruFocus' analysis, Apogee Enterprises stock appears to be undervalued.
The current stock price of €37.00 is trading 11.9% below its estimated GF Value™ of €42.00.
GuruFocus considers Apogee Enterprises to be Modestly Undervalued.
Key valuation signals for FRA:ANP:
ROC (Joel Greenblatt) %: 18.87% (31% below median its 10-year median of 27.21)
GF Value™: €42.00 vs. price of €37.00 (11.9% below fair value)
Industry Position: 3.1% below the Construction median (#766 of 1788)
No single metric tells the full story. See the FRA:ANP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apogee Enterprises Inc is a provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used in applications for preservation, protection, and enhanced viewing. The company's operating segment consists of the Architectural Metals Segment, Architectural Services Segment, Architectural Glass Segment, and Performance Surfaces Segment. The company generates the majority of its revenue from the Architectural Metals Segment, which designs, engineers, fabricates, and finishes aluminum window, curtainwall, storefront, and entrance systems used principally in non-residential construction. The company geographically operates in the United States, Canada, and Brazil, with the majority revenue generated from the United States.
73GF Score
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