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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. AEON Stores (Hong Kong) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -1.49%.
The historical rank and industry rank for AEON Stores (Hong Kong) Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:AVK1'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.29 Med: -2.1 Max: 6.06
Current: -4.72
During the past 13 years, AEON Stores (Hong Kong) Co's highest ROC (Joel Greenblatt) % was 6.06%. The lowest was -7.29%. And the median was -2.10%.
FRA:AVK1's ROC (Joel Greenblatt) % is ranked worse than 81.96% of 1131
companies
in the Retail - Cyclical industry
Industry Median: 11.86
vs FRA:AVK1: -4.72
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.
AEON Stores (Hong Kong) Co ROC (Joel Greenblatt) % Chart
FRA:AVK1 vs DDS, M: ROC (Joel Greenblatt) % Comparison
For the Department Stores subindustry, AEON Stores (Hong Kong) Co'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.
AEON Stores (Hong Kong) Co ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, AEON Stores (Hong Kong) Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AEON Stores (Hong Kong) Co's ROC (Joel Greenblatt) % falls into.
AEON Stores (Hong Kong) Co 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 -1.49% mean?
AEON Stores (Hong Kong) Co (FRA:AVK1) has a ROC (Joel Greenblatt) % of -1.49% 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 AEON Stores (Hong Kong) Co and its competitors. According to the industry distribution chart, AEON Stores (Hong Kong) Co ranks #927 out of 1131 companies in the Retail - Cyclical industry, placing it in the top 82%.
Is AEON Stores (Hong Kong) Co's ROC (Joel Greenblatt) % too high?
AEON Stores (Hong Kong) Co's current ROC (Joel Greenblatt) % is -1.49%. Based on the distribution chart, AEON Stores (Hong Kong) Co ranks #927 out of 1131 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, AEON Stores (Hong Kong) Co has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AEON Stores (Hong Kong) Co's ROC (Joel Greenblatt) % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, AEON Stores (Hong Kong) Co ranks #927 out of 1131 companies for ROC (Joel Greenblatt) %. This places AEON Stores (Hong Kong) Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.86. 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.86, based on 1,131 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 AEON Stores (Hong Kong) Co and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AEON Stores (Hong Kong) Co's current ROC (Joel Greenblatt) % is -1.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AEON Stores (Hong Kong) Co stock overvalued right now?
Based on GuruFocus' analysis, AEON Stores (Hong Kong) Co (FRA:AVK1) is currently considered Possible Value Trap. The stock's GF Value™ is €0.03, compared to a current price of €0.01 — trading 56.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is -1.49%. AEON Stores (Hong Kong) Co's overall GF Score™ is 30/100 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 AEON Stores (Hong Kong) Co (FRA:AVK1), the current ROC (Joel Greenblatt) % is -1.49% 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 AEON Stores (Hong Kong) Co (FRA:AVK1) Overvalued in 2026?
Based on GuruFocus' analysis, AEON Stores (Hong Kong) Co stock appears to be undervalued.
The current stock price of €0.01 is trading 56.7% below its estimated GF Value™ of €0.03.
GuruFocus considers AEON Stores (Hong Kong) Co to be Possible Value Trap.
Key valuation signals for FRA:AVK1:
ROC (Joel Greenblatt) %: -1.49%
GF Value™: €0.03 vs. price of €0.01 (56.7% below fair value)
No single metric tells the full story. See the FRA:AVK1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AEON Stores (Hong Kong) Co Ltd and its subsidiaries are engaged in the operation of retail stores. It offers household products, clothing, and food products, among others. The company also provides facilities such as a lounge, free home delivery, free parking, gift wrapping, self-express, free ice pack, gift certificate selling, chilled lockers, trolley-lending, and customer voice services. Some of its brands are TOPVALU, HOME COORDY, iC innercasual and Kids Republic. It has two reportable segments: Hong Kong and Mainland China. The firm generates the majority of its revenue from Mainland China.
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