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Capital Environment HoldingsFRA:H2Y ROC (Joel Greenblatt) % is 37.82% as of Dec. 2025, which is 3% above its 10-year median of 36.81. The stock has 4 warning signs investors should review. Among 247 Waste Management companies, Capital Environment Holdings ranks better than 89.47% 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. Capital Environment Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 37.82%.
The historical rank and industry rank for Capital Environment Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:H2Y'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 23.42 Med: 36.81 Max: 116.84
Current: 42.96
During the past 13 years, Capital Environment Holdings's highest ROC (Joel Greenblatt) % was 116.84%. The lowest was 23.42%. And the median was 36.81%.
FRA:H2Y's ROC (Joel Greenblatt) % is ranked better than 89.47% of 247
companies
in the Waste Management industry
Industry Median: 11.27
vs FRA:H2Y: 42.96
Capital Environment Holdings (FRA:H2Y) 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.
* 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.
Capital Environment Holdings ROC (Joel Greenblatt) % Chart
FRA:H2Y vs WM, RSG, WCN: ROC (Joel Greenblatt) % Comparison
For the Waste Management subindustry, Capital Environment Holdings'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.
Capital Environment Holdings ROC (Joel Greenblatt) % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Capital Environment Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Capital Environment Holdings's ROC (Joel Greenblatt) % falls into.
Capital Environment Holdings 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:
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 37.82% mean?
Capital Environment Holdings (FRA:H2Y) has a ROC (Joel Greenblatt) % of 37.82% 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 Capital Environment Holdings and its competitors. This is near median its historical median of 36.81. Over the past decade, Capital Environment Holdings' ROC (Joel Greenblatt) % has ranged from 23.42 to 116.84. According to the industry distribution chart, Capital Environment Holdings ranks #26 out of 247 companies in the Waste Management industry, placing it in the top 10.5%.
Is Capital Environment Holdings' ROC (Joel Greenblatt) % too high?
Capital Environment Holdings' current ROC (Joel Greenblatt) % of 37.82% is near median its 10-year median of 36.81. Over the past 10 years, this metric has ranged from a low of 23.42 to a high of 116.84. The Waste Management industry median ROC (Joel Greenblatt) % is 11.27. Capital Environment Holdings' value of 37.82% is 235.6% above this industry median. Based on the distribution chart, Capital Environment Holdings ranks #26 out of 247 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers.
How does Capital Environment Holdings' ROC (Joel Greenblatt) % compare to WM and RSG?
According to the Waste Management industry distribution chart, Capital Environment Holdings ranks #26 out of 247 companies for ROC (Joel Greenblatt) %. This places Capital Environment Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.27. Capital Environment Holdings' value of 37.82% is 235.6% above this benchmark. Historically, Capital Environment Holdings' own ROC (Joel Greenblatt) % has ranged from 23.42 to 116.84 over the past decade. While the company's 10-year median is 36.81 vs. the industry median of 11.27, Capital Environment Holdings 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 Waste Management company?
The median ROC (Joel Greenblatt) % among Waste Management companies is 11.27, based on 247 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. Capital Environment Holdings's current ROC (Joel Greenblatt) % of 37.82% is 235.6% 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 Capital Environment Holdings and its competitors. For the Waste Management industry, the median ROC (Joel Greenblatt) % is 11.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Environment Holdings's current ROC (Joel Greenblatt) % is 37.82%, which is near median its own 10-year median of 36.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Environment Holdings stock overvalued right now?
Based on GuruFocus' analysis, Capital Environment Holdings (FRA:H2Y) is currently considered Possible Value Trap. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading 40% below its estimated fair value. The current ROC (Joel Greenblatt) % is 37.82%, which is near median its 10-year median of 36.81 and 235.6% above the Waste Management industry median of 11.27. 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 Capital Environment Holdings (FRA:H2Y), the current ROC (Joel Greenblatt) % is 37.82% 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.
Capital Environment Holdings Ltd is an investment holding company engaged in the provision of waste treatment technologies and services, which specializes in technology development, design, system integration, project investment, consultancy, operation, and maintenance of waste treatment facilities, especially waste-to-energy projects. The Group has a single reportable segment which is the Waste treatment & waste-to-energy business.
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