Whats Cooking Group NV/SA (FRA:BD0) ROC (Joel Greenblatt) %: 15.14% (As of Dec. 2025) — 37% Above Median

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FRA:BD0 Whats Cooking Group NV/SA FRA:BD0
76 GF Score
Price €141.00
GF Value €115.48
! 7 Warning Signs
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What is Whats Cooking Group NV/SA ROC (Joel Greenblatt) %?

Whats Cooking Group NV/SA FRA:BD0 76 ROC (Joel Greenblatt) % is 15.14% as of Dec. 2025, which is 37% above its 10-year median of 11.06. GuruFocus rates FRA:BD0 with a GF Score™ of 76/100 and a GF Value™ of €115.48. The stock has 7 warning signs investors should review. Among 1,980 Consumer Packaged Goods companies, Whats Cooking Group NV/SA ranks better than 57.98% 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. Whats Cooking Group NV/SA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.14%.

The historical rank and industry rank for Whats Cooking Group NV/SA's ROC (Joel Greenblatt) % or its related term are showing as below:

FRA:BD0' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.73   Med: 11.06   Max: 21.39
Current: 15.06

During the past 13 years, Whats Cooking Group NV/SA's highest ROC (Joel Greenblatt) % was 21.39%. The lowest was 1.73%. And the median was 11.06%.

FRA:BD0's ROC (Joel Greenblatt) % is ranked better than
57.98% of 1980 companies
in the Consumer Packaged Goods industry
Industry Median: 12.045 vs FRA:BD0: 15.06

Whats Cooking Group NV/SA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 36.30% per year.


Whats Cooking Group NV/SA  (FRA:BD0) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Whats Cooking Group NV/SA ROC (Joel Greenblatt) % Related Terms


Whats Cooking Group NV/SA ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Whats Cooking Group NV/SA'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.

Whats Cooking Group NV/SA ROC (Joel Greenblatt) % Chart

Whats Cooking Group NV/SA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.86 6.10 8.55 12.64 13.63

Whats Cooking Group NV/SA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.26 13.72 14.47 16.44 15.14

FRA:BD0 vs KHC, GIS, HRL: ROC (Joel Greenblatt) % Comparison

For the Packaged Foods subindustry, Whats Cooking Group NV/SA'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.


Whats Cooking Group NV/SA ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Whats Cooking Group NV/SA's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Whats Cooking Group NV/SA's ROC (Joel Greenblatt) % falls into.


FRA:BD0
76GF Score
Whats Cooking Group NV/SA FRA:BD0
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Whats Cooking Group NV/SA 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.839 + 34.754 + 1.4210854715202E-14) - (92.678 + 0 + 13.41)
=-32.495

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.913 + 32.391 + 4.737) - (65.162 + 0 + 18.376)
=-16.497

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Whats Cooking Group NV/SA for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=16.05/( ( (104.42 + max(-32.495, 0)) + (107.635 + max(-16.497, 0)) )/ 2 )
=16.05/( ( 104.42 + 107.635 )/ 2 )
=16.05/106.0275
=15.14 %

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 15.14% mean?
Whats Cooking Group NV/SA (FRA:BD0) has a ROC (Joel Greenblatt) % of 15.14% 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 Whats Cooking Group NV/SA and its competitors. This is 37% above median its historical median of 11.06. Over the past decade, Whats Cooking Group NV/SA's ROC (Joel Greenblatt) % has ranged from 1.73 to 21.39. According to the industry distribution chart, Whats Cooking Group NV/SA ranks #832 out of 1980 companies in the Consumer Packaged Goods industry, placing it in the top 42%.
Is Whats Cooking Group NV/SA's ROC (Joel Greenblatt) % too high?
Whats Cooking Group NV/SA's current ROC (Joel Greenblatt) % of 15.14% is 37% above median its 10-year median of 11.06. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 21.39. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 12.05. Whats Cooking Group NV/SA's value of 15.14% is 25.7% above this industry median. Based on the distribution chart, Whats Cooking Group NV/SA ranks #832 out of 1980 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Whats Cooking Group NV/SA has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Whats Cooking Group NV/SA's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Whats Cooking Group NV/SA ranks #832 out of 1980 companies for ROC (Joel Greenblatt) %. This puts Whats Cooking Group NV/SA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.05. Whats Cooking Group NV/SA's value of 15.14% is 25.7% above this benchmark. Historically, Whats Cooking Group NV/SA's own ROC (Joel Greenblatt) % has ranged from 1.73 to 21.39 over the past decade. While the company's 10-year median is 11.06 vs. the industry median of 12.05, Whats Cooking Group NV/SA 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 12.05, based on 1,980 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. Whats Cooking Group NV/SA's current ROC (Joel Greenblatt) % of 15.14% is 25.7% 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 Whats Cooking Group NV/SA and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 12.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Whats Cooking Group NV/SA's current ROC (Joel Greenblatt) % is 15.14%, which is 37% above median its own 10-year median of 11.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Whats Cooking Group NV/SA stock overvalued right now?
Whats Cooking Group NV/SA (FRA:BD0) has a current ROC (Joel Greenblatt) % of 15.14%. The stock's GF Value™ is €115.48, compared to a current price of €141.00 — trading 22.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.14%, which is 37% above median its 10-year median of 11.06 and 25.7% above the Consumer Packaged Goods industry median of 12.05. Whats Cooking Group NV/SA's overall GF Score™ is 76/100 with 7 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 Whats Cooking Group NV/SA (FRA:BD0), the current ROC (Joel Greenblatt) % is 15.14% 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 Whats Cooking Group NV/SA (FRA:BD0) Overvalued in 2026?

Based on GuruFocus' analysis, Whats Cooking Group NV/SA stock appears to be overvalued. The current stock price of €141.00 is trading 22.1% above its estimated GF Value™ of €115.48.

Key valuation signals for FRA:BD0:

  • ROC (Joel Greenblatt) %: 15.14% (37% above median its 10-year median of 11.06)
  • GF Value™: €115.48 vs. price of €141.00 (22.1% above fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 25.7% above the Consumer Packaged Goods median (#832 of 1980)

No single metric tells the full story. See the FRA:BD0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Whats Cooking Group NV/SA Business Description

Other Exchanges WHATS:Belgium
Address Kortrijksesteenweg, Bus C 9051 Sint-Denijs-Westrem, Ghent, BEL, 1091
Whats Cooking Group NV/SA is a fresh savoury food group. It commercializes in Europe and beyond a wide range of high-quality and savoury cold cuts and ready meal food products and related services.
76GF Score

Get the complete analysis for FRA:BD0

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€141.00
Price
€115.48
GF Value