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Jardine Cycle & CarriageFRA:CYC -1.11%70 ROC (Joel Greenblatt) % is 46.25% as of Dec. 2025, which is 37% above its 10-year median of 33.86. GuruFocus rates FRA:CYC with a GF Score™ of 70/100 and a GF Value™ of €17.14 (Fairly Valued). The stock has 3 warning signs investors should review. Among 564 Conglomerates companies, Jardine Cycle & Carriage ranks better than 82.62% 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. Jardine Cycle & Carriage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 46.25%.
The historical rank and industry rank for Jardine Cycle & Carriage's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:CYC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.11 Med: 33.86 Max: 77.04
Current: 46.17
During the past 13 years, Jardine Cycle & Carriage's highest ROC (Joel Greenblatt) % was 77.04%. The lowest was 19.11%. And the median was 33.86%.
FRA:CYC's ROC (Joel Greenblatt) % is ranked better than 82.62% of 564
companies
in the Conglomerates industry
Industry Median: 14.68
vs FRA:CYC: 46.17
Jardine Cycle & Carriage's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 24.10% per year.
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.
Jardine Cycle & Carriage ROC (Joel Greenblatt) % Related Terms
Jardine Cycle & Carriage ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Jardine Cycle & Carriage'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:CYC vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Jardine Cycle & Carriage'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.
Jardine Cycle & Carriage ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Jardine Cycle & Carriage's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jardine Cycle & Carriage'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 (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 46.25% mean?
Jardine Cycle & Carriage (FRA:CYC) has a ROC (Joel Greenblatt) % of 46.25% 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 Jardine Cycle & Carriage and its competitors. This is 37% above median its historical median of 33.86. Over the past decade, Jardine Cycle & Carriage's ROC (Joel Greenblatt) % has ranged from 19.11 to 77.04. According to the industry distribution chart, Jardine Cycle & Carriage ranks #98 out of 564 companies in the Conglomerates industry, placing it in the top 17.4%.
Is Jardine Cycle & Carriage's ROC (Joel Greenblatt) % too high?
Jardine Cycle & Carriage's current ROC (Joel Greenblatt) % of 46.25% is 37% above median its 10-year median of 33.86. Over the past 10 years, this metric has ranged from a low of 19.11 to a high of 77.04. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.68. Jardine Cycle & Carriage's value of 46.25% is 215.1% above this industry median. Based on the distribution chart, Jardine Cycle & Carriage ranks #98 out of 564 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Jardine Cycle & Carriage has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jardine Cycle & Carriage's ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Jardine Cycle & Carriage ranks #98 out of 564 companies for ROC (Joel Greenblatt) %. This places Jardine Cycle & Carriage in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.68. Jardine Cycle & Carriage's value of 46.25% is 215.1% above this benchmark. Historically, Jardine Cycle & Carriage's own ROC (Joel Greenblatt) % has ranged from 19.11 to 77.04 over the past decade. While the company's 10-year median is 33.86 vs. the industry median of 14.68, Jardine Cycle & Carriage 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.68, based on 564 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. Jardine Cycle & Carriage's current ROC (Joel Greenblatt) % of 46.25% is 215.1% 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 Jardine Cycle & Carriage and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jardine Cycle & Carriage's current ROC (Joel Greenblatt) % is 46.25%, which is 37% above median its own 10-year median of 33.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jardine Cycle & Carriage stock overvalued right now?
Based on GuruFocus' analysis, Jardine Cycle & Carriage (FRA:CYC) is currently considered Fairly Valued. The stock's GF Value™ is €17.14, compared to a current price of €17.80 — trading 3.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 46.25%, which is 37% above median its 10-year median of 33.86 and 215.1% above the Conglomerates industry median of 14.68. Jardine Cycle & Carriage's overall GF Score™ is 70/100 with 3 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 Jardine Cycle & Carriage (FRA:CYC), the current ROC (Joel Greenblatt) % is 46.25% 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 Jardine Cycle & Carriage (FRA:CYC) Overvalued in 2026?
Based on GuruFocus' analysis, Jardine Cycle & Carriage stock appears to be overvalued.
The current stock price of €17.80 is trading 3.9% above its estimated GF Value™ of €17.14.
GuruFocus considers Jardine Cycle & Carriage to be Fairly Valued.
Key valuation signals for FRA:CYC:
ROC (Joel Greenblatt) %: 46.25% (37% above median its 10-year median of 33.86)
GF Value™: €17.14 vs. price of €17.80 (3.9% above fair value)
Industry Position: 215.1% above the Conglomerates median (#98 of 564)
No single metric tells the full story. See the FRA:CYC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jardine Cycle & Carriage Ltd is an investment holding conglomerate focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. Its segments are Astra, Thaco, Cycle & Carriage. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia; THACO is a multi-industry group; Cycle & Carriage represents a broad range of automotive brands across its established network in Singapore and Malaysia.
70GF Score
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