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System1 GroupFRA:BBA 83 ROC (Joel Greenblatt) % is 174.82% as of Mar. 2026, which is 157% above its 10-year median of 68.13. GuruFocus rates FRA:BBA with a GF Score™ of 83/100 and a GF Value™ of €4.56 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,016 Media - Diversified companies, System1 Group ranks better than 89.17% 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. System1 Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 174.82%.
The historical rank and industry rank for System1 Group's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:BBA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.08 Med: 68.13 Max: 1234.99
Current: 130.18
During the past 13 years, System1 Group's highest ROC (Joel Greenblatt) % was 1234.99%. The lowest was 10.08%. And the median was 68.13%.
FRA:BBA's ROC (Joel Greenblatt) % is ranked better than 89.17% of 1016
companies
in the Media - Diversified industry
Industry Median: 9.79
vs FRA:BBA: 130.18
System1 Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 66.60% per year.
System1 Group (FRA:BBA) 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.
System1 Group ROC (Joel Greenblatt) % Related Terms
System1 Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for System1 Group'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:BBA vs APP, OMC, TTD: ROC (Joel Greenblatt) % Comparison
For the Advertising Agencies subindustry, System1 Group'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.
System1 Group ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, System1 Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where System1 Group'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 two times the semi-annual (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 174.82% mean?
System1 Group (FRA:BBA) has a ROC (Joel Greenblatt) % of 174.82% 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 System1 Group and its competitors. This is 157% above median its historical median of 68.13. Over the past decade, System1 Group's ROC (Joel Greenblatt) % has ranged from 10.08 to 1,234.99. According to the industry distribution chart, System1 Group ranks #110 out of 1016 companies in the Media - Diversified industry, placing it in the top 10.8%.
Is System1 Group's ROC (Joel Greenblatt) % too high?
System1 Group's current ROC (Joel Greenblatt) % of 174.82% is 157% above median its 10-year median of 68.13. Over the past 10 years, this metric has ranged from a low of 10.08 to a high of 1,234.99. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.79. System1 Group's value of 174.82% is 1685.7% above this industry median. Based on the distribution chart, System1 Group ranks #110 out of 1016 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, System1 Group has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does System1 Group's ROC (Joel Greenblatt) % compare to APP and OMC?
According to the Media - Diversified industry distribution chart, System1 Group ranks #110 out of 1016 companies for ROC (Joel Greenblatt) %. This places System1 Group in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.79. System1 Group's value of 174.82% is 1685.7% above this benchmark. Historically, System1 Group's own ROC (Joel Greenblatt) % has ranged from 10.08 to 1,234.99 over the past decade. While the company's 10-year median is 68.13 vs. the industry median of 9.79, System1 Group has consistently been above 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.79, based on 1,016 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. System1 Group's current ROC (Joel Greenblatt) % of 174.82% is 1685.7% above 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 System1 Group and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. System1 Group's current ROC (Joel Greenblatt) % is 174.82%, which is 157% above median its own 10-year median of 68.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System1 Group stock overvalued right now?
Based on GuruFocus' analysis, System1 Group (FRA:BBA) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.56, compared to a current price of €3.76 — trading 17.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 174.82%, which is 157% above median its 10-year median of 68.13 and 1685.7% above the Media - Diversified industry median of 9.79. System1 Group's overall GF Score™ is 83/100 with 2 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 System1 Group (FRA:BBA), the current ROC (Joel Greenblatt) % is 174.82% 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 System1 Group (FRA:BBA) Overvalued in 2026?
Based on GuruFocus' analysis, System1 Group stock appears to be undervalued.
The current stock price of €3.76 is trading 17.5% below its estimated GF Value™ of €4.56.
GuruFocus considers System1 Group to be Modestly Undervalued.
Key valuation signals for FRA:BBA:
ROC (Joel Greenblatt) %: 174.82% (157% above median its 10-year median of 68.13)
GF Value™: €4.56 vs. price of €3.76 (17.5% below fair value)
Industry Position: 1685.7% above the Media - Diversified median (#110 of 1016)
No single metric tells the full story. See the FRA:BBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
System1 Group PLC is engaged in providing market research data and insight services. The company's geographical segments include the United States of America, Latin America (LatAm), the United Kingdom, the Rest Of Europe, and the Asia Pacific (APAC) region. A majority of its revenue is generated from its business in the United Kingdom.
83GF Score
Get the complete analysis for FRA:BBA
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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