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Alpha Pro TechFRA:APL -1.81%72 ROC (Joel Greenblatt) % is 4.93% as of Mar. 2026, which is 66% below its 10-year median of 14.36. GuruFocus rates FRA:APL with a GF Score™ of 72/100 and a GF Value™ of €4.73 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,779 Construction companies, Alpha Pro Tech ranks worse than 67.79% 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. Alpha Pro Tech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.93%.
The historical rank and industry rank for Alpha Pro Tech's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:APL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.93 Med: 14.36 Max: 105.88
Current: 8.25
During the past 13 years, Alpha Pro Tech's highest ROC (Joel Greenblatt) % was 105.88%. The lowest was 7.93%. And the median was 14.36%.
FRA:APL's ROC (Joel Greenblatt) % is ranked worse than 67.79% of 1779
companies
in the Construction industry
Industry Median: 19.59
vs FRA:APL: 8.25
Alpha Pro Tech's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -36.10% per year.
Alpha Pro Tech (FRA:APL) 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.
Alpha Pro Tech ROC (Joel Greenblatt) % Related Terms
Alpha Pro Tech ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Alpha Pro Tech'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:APL vs INVE, SNTL, CSTE: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Alpha Pro Tech'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.
Alpha Pro Tech ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Alpha Pro Tech's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Alpha Pro Tech's ROC (Joel Greenblatt) % falls into.
Alpha Pro Tech 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 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 4.93% mean?
Alpha Pro Tech (FRA:APL) has a ROC (Joel Greenblatt) % of 4.93% 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 Alpha Pro Tech and its competitors. This is 66% below median its historical median of 14.36. Over the past decade, Alpha Pro Tech's ROC (Joel Greenblatt) % has ranged from 7.93 to 105.88. According to the industry distribution chart, Alpha Pro Tech ranks #1206 out of 1779 companies in the Construction industry, placing it in the top 67.8%.
Is Alpha Pro Tech's ROC (Joel Greenblatt) % too high?
Alpha Pro Tech's current ROC (Joel Greenblatt) % of 4.93% is 66% below median its 10-year median of 14.36. Over the past 10 years, this metric has ranged from a low of 7.93 to a high of 105.88. The Construction industry median ROC (Joel Greenblatt) % is 19.59. Alpha Pro Tech's value of 4.93% is 74.8% below this industry median. Based on the distribution chart, Alpha Pro Tech ranks #1206 out of 1779 companies in the Construction industry, which is below the industry midpoint. Overall, Alpha Pro Tech has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alpha Pro Tech's ROC (Joel Greenblatt) % compare to INVE and SNTL?
According to the Construction industry distribution chart, Alpha Pro Tech ranks #1206 out of 1779 companies for ROC (Joel Greenblatt) %. This places Alpha Pro Tech in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.59. Alpha Pro Tech's value of 4.93% is 74.8% below this benchmark. Historically, Alpha Pro Tech's own ROC (Joel Greenblatt) % has ranged from 7.93 to 105.88 over the past decade. While the company's 10-year median is 14.36 vs. the industry median of 19.59, Alpha Pro Tech 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 19.59, based on 1,779 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. Alpha Pro Tech's current ROC (Joel Greenblatt) % of 4.93% is 74.8% 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 Alpha Pro Tech and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpha Pro Tech's current ROC (Joel Greenblatt) % is 4.93%, which is 66% below median its own 10-year median of 14.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Pro Tech stock overvalued right now?
Based on GuruFocus' analysis, Alpha Pro Tech (FRA:APL) is currently considered Fairly Valued. The stock's GF Value™ is €4.73, compared to a current price of €4.34 — trading 8.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 4.93%, which is 66% below median its 10-year median of 14.36 and 74.8% below the Construction industry median of 19.59. Alpha Pro Tech's overall GF Score™ is 72/100 with 5 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 Alpha Pro Tech (FRA:APL), the current ROC (Joel Greenblatt) % is 4.93% 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 Alpha Pro Tech (FRA:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Alpha Pro Tech stock appears to be undervalued.
The current stock price of €4.34 is trading 8.2% below its estimated GF Value™ of €4.73.
GuruFocus considers Alpha Pro Tech to be Fairly Valued.
Key valuation signals for FRA:APL:
ROC (Joel Greenblatt) %: 4.93% (66% below median its 10-year median of 14.36)
GF Value™: €4.73 vs. price of €4.34 (8.2% below fair value)
Industry Position: 74.8% below the Construction median (#1206 of 1779)
No single metric tells the full story. See the FRA:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alpha Pro Tech Ltd is in the business of protecting people, products, and environments. It is developing, manufacturing, and marketing a line of disposable protective apparel and infection control products for the cleanroom, industrial, pharmaceutical, medical, and dental markets. It also manufactures a line of building supply construction weatherization products that are sold under the Alpha Pro Tech brand name. The Company operates through two business segments: Building Supply and Disposable Protective Apparel. Key revenue is generated from Building Supply, consisting of a line of construction supply weatherization products. The construction supply weatherization products consist of housewrap and synthetic roof underlayment, and synthetic roof underlayment accessories.
72GF Score
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