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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. Air Lease's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.14%.
The historical rank and industry rank for Air Lease's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:AVLA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.34 Med: 3.67 Max: 4.85
Current: 4.75
During the past 13 years, Air Lease's highest ROC (Joel Greenblatt) % was 4.85%. The lowest was -0.34%. And the median was 3.67%.
FRA:AVLA's ROC (Joel Greenblatt) % is not ranked
in the Business Services industry.
Industry Median: 21.22
vs FRA:AVLA: 4.75
Air Lease's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Air Lease (FRA:AVLA) 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 Air Lease'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:AVLA vs R, UHAL, GATX: ROC (Joel Greenblatt) % Comparison
For the Rental & Leasing Services subindustry, Air Lease'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.
Air Lease ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Air Lease's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Air Lease'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 (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 3.14% mean?
Air Lease (FRA:AVLA) has a ROC (Joel Greenblatt) % of 3.14% 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 Air Lease and its competitors. This is 14% below median its historical median of 3.67.
Is Air Lease's ROC (Joel Greenblatt) % too high?
Air Lease's current ROC (Joel Greenblatt) % of 3.14% is 14% below median its 10-year median of 3.67. The Business Services industry median ROC (Joel Greenblatt) % is 21.22. Air Lease's value of 3.14% is 85.2% below this industry median. Overall, Air Lease has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Air Lease's ROC (Joel Greenblatt) % compare to R and UHAL?
Air Lease's ROC (Joel Greenblatt) % of 3.14% can be compared against companies in the Business Services industry. The industry median ROC (Joel Greenblatt) % is 21.22. Air Lease's value of 3.14% is 85.2% below this benchmark. While the company's 10-year median is 3.67 vs. the industry median of 21.22, Air Lease 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.22, based on 1,083 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. Air Lease's current ROC (Joel Greenblatt) % of 3.14% is 85.2% 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 Air Lease and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Lease's current ROC (Joel Greenblatt) % is 3.14%, which is 14% below median its own 10-year median of 3.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Lease stock overvalued right now?
Air Lease (FRA:AVLA) has a current ROC (Joel Greenblatt) % of 3.14%. The stock's GF Value™ is €45.29, compared to a current price of €55.50 — trading 22.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3.14%, which is 14% below median its 10-year median of 3.67 and 85.2% below the Business Services industry median of 21.22. Air Lease's overall GF Score™ is 64/100 with 11 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 Air Lease (FRA:AVLA), the current ROC (Joel Greenblatt) % is 3.14% 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 Air Lease (FRA:AVLA) Overvalued in 2026?
Based on GuruFocus' analysis, Air Lease stock appears to be overvalued.
The current stock price of €55.50 is trading 22.5% above its estimated GF Value™ of €45.29.
Key valuation signals for FRA:AVLA:
ROC (Joel Greenblatt) %: 3.14% (14% below median its 10-year median of 3.67)
GF Value™: €45.29 vs. price of €55.50 (22.5% above fair value)
Industry Position: 85.2% below the Business Services median
No single metric tells the full story. See the FRA:AVLA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Lease Corp is an aircraft leasing company based in the United States. It is engaged in the modern, fuel-efficient new technology commercial jet aircraft directly from aircraft manufacturers and leasing those aircraft to airlines throughout the world to generate attractive returns on equity. The company also sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors, and offers fleet management services to investors and owners of aircraft portfolios for a management fee. Geographically, it derives a maximum of its revenue from the Europe and the rest from Asia Pacific, Middle East and Africa, Central America, South America, Mexico, the United States, and Canada.
64GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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