Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ernst Russ AGFRA:ERAG +0.27%82 ROC (Joel Greenblatt) % is 24.45% as of Mar. 2026, which is 29% below its 10-year median of 34.29. GuruFocus rates FRA:ERAG with a GF Score™ of 82/100 and a GF Value™ of €4.91 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 999 Transportation companies, Ernst Russ AG ranks better than 82.68% 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. Ernst Russ AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.45%.
The historical rank and industry rank for Ernst Russ AG's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:ERAG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.32 Med: 34.29 Max: 69.68
Current: 30.37
During the past 13 years, Ernst Russ AG's highest ROC (Joel Greenblatt) % was 69.68%. The lowest was 7.32%. And the median was 34.29%.
FRA:ERAG's ROC (Joel Greenblatt) % is ranked better than 82.68% of 999
companies
in the Transportation industry
Industry Median: 11.71
vs FRA:ERAG: 30.37
Ernst Russ AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 34.10% per year.
Ernst Russ AG (FRA:ERAG) 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.
Ernst Russ AG ROC (Joel Greenblatt) % Related Terms
Ernst Russ AG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ernst Russ AG'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.
Ernst Russ AG ROC (Joel Greenblatt) % Competitor Comparison
For the Marine Shipping subindustry, Ernst Russ AG'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.
Ernst Russ AG ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Ernst Russ AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ernst Russ AG'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 (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 24.45% mean?
Ernst Russ AG (FRA:ERAG) has a ROC (Joel Greenblatt) % of 24.45% 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 Ernst Russ AG and its competitors. This is 29% below median its historical median of 34.29. Over the past decade, Ernst Russ AG's ROC (Joel Greenblatt) % has ranged from 7.32 to 69.68. According to the industry distribution chart, Ernst Russ AG ranks #173 out of 999 companies in the Transportation industry, placing it in the top 17.3%.
Is Ernst Russ AG's ROC (Joel Greenblatt) % too high?
Ernst Russ AG's current ROC (Joel Greenblatt) % of 24.45% is 29% below median its 10-year median of 34.29. Over the past 10 years, this metric has ranged from a low of 7.32 to a high of 69.68. The Transportation industry median ROC (Joel Greenblatt) % is 11.71. Ernst Russ AG's value of 24.45% is 108.8% above this industry median. Based on the distribution chart, Ernst Russ AG ranks #173 out of 999 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Ernst Russ AG has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ernst Russ AG's ROC (Joel Greenblatt) % compare to competitors?
According to the Transportation industry distribution chart, Ernst Russ AG ranks #173 out of 999 companies for ROC (Joel Greenblatt) %. This places Ernst Russ AG in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.71. Ernst Russ AG's value of 24.45% is 108.8% above this benchmark. Historically, Ernst Russ AG's own ROC (Joel Greenblatt) % has ranged from 7.32 to 69.68 over the past decade. While the company's 10-year median is 34.29 vs. the industry median of 11.71, Ernst Russ AG 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.71, based on 999 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. Ernst Russ AG's current ROC (Joel Greenblatt) % of 24.45% is 108.8% 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 Ernst Russ AG and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ernst Russ AG's current ROC (Joel Greenblatt) % is 24.45%, which is 29% below median its own 10-year median of 34.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ernst Russ AG stock overvalued right now?
Based on GuruFocus' analysis, Ernst Russ AG (FRA:ERAG) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.91, compared to a current price of €7.50 — trading 52.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.45%, which is 29% below median its 10-year median of 34.29 and 108.8% above the Transportation industry median of 11.71. Ernst Russ AG's overall GF Score™ is 82/100 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 Ernst Russ AG (FRA:ERAG), the current ROC (Joel Greenblatt) % is 24.45% 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 Ernst Russ AG (FRA:ERAG) Overvalued in 2026?
Based on GuruFocus' analysis, Ernst Russ AG stock appears to be overvalued.
The current stock price of €7.50 is trading 52.7% above its estimated GF Value™ of €4.91.
GuruFocus considers Ernst Russ AG to be Significantly Overvalued.
Key valuation signals for FRA:ERAG:
ROC (Joel Greenblatt) %: 24.45% (29% below median its 10-year median of 34.29)
GF Value™: €4.91 vs. price of €7.50 (52.7% above fair value)
Industry Position: 108.8% above the Transportation median (#173 of 999)
No single metric tells the full story. See the FRA:ERAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ernst Russ AG is a principal investment firm specializing in fund-of-fund investments. It operates in the Shipping and Alternative Investment segment. Within the Shipping segment, it focuses on structuring and asset management of investment vehicles for ships on its behalf and behalf of third parties. The Asset Classes, life insurance, secondary market, and aircraft are managed in the Alternative Investments segment. The firm's majority of revenue comes from Germany through the shipping segment.
82GF Score
Get the complete analysis for FRA:ERAG
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:ERAG has been successfully added to your 
