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Art's-Way Manufacturing CoFRA:ID2 -2.29%55 ROC (Joel Greenblatt) % is 7.97% as of May. 2026, which is 697% above its 10-year median of 1.00. GuruFocus rates FRA:ID2 with a GF Score™ of 55/100 and a GF Value™ of €1.57 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 210 Farm & Heavy Construction Machinery companies, Art's-Way Manufacturing Co ranks worse than 75.71% 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. Art's-Way Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 7.97%.
The historical rank and industry rank for Art's-Way Manufacturing Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:ID2'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -20.18 Med: 1 Max: 11.77
Current: 3.22
During the past 13 years, Art's-Way Manufacturing Co's highest ROC (Joel Greenblatt) % was 11.77%. The lowest was -20.18%. And the median was 1.00%.
FRA:ID2's ROC (Joel Greenblatt) % is ranked worse than 75.71% of 210
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 13.515
vs FRA:ID2: 3.22
Art's-Way Manufacturing Co (FRA:ID2) 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.
Art's-Way Manufacturing Co ROC (Joel Greenblatt) % Chart
FRA:ID2 vs GP, CLEV, HCAI: ROC (Joel Greenblatt) % Comparison
For the Farm & Heavy Construction Machinery subindustry, Art's-Way Manufacturing Co'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.
Art's-Way Manufacturing Co ROC (Joel Greenblatt) % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Art's-Way Manufacturing Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Art's-Way Manufacturing Co's ROC (Joel Greenblatt) % falls into.
Art's-Way Manufacturing Co 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 four times the quarterly (May. 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 7.97% mean?
Art's-Way Manufacturing Co (FRA:ID2) has a ROC (Joel Greenblatt) % of 7.97% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Art's-Way Manufacturing Co and its competitors. This is 697% above median its historical median of 1.00. According to the industry distribution chart, Art's-Way Manufacturing Co ranks #159 out of 210 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 75.7%.
Is Art's-Way Manufacturing Co's ROC (Joel Greenblatt) % too high?
Art's-Way Manufacturing Co's current ROC (Joel Greenblatt) % of 7.97% is 697% above median its 10-year median of 1.00. The Farm & Heavy Construction Machinery industry median ROC (Joel Greenblatt) % is 13.52. Art's-Way Manufacturing Co's value of 7.97% is 41% below this industry median. Based on the distribution chart, Art's-Way Manufacturing Co ranks #159 out of 210 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Art's-Way Manufacturing Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Art's-Way Manufacturing Co's ROC (Joel Greenblatt) % compare to GP and CLEV?
According to the Farm & Heavy Construction Machinery industry distribution chart, Art's-Way Manufacturing Co ranks #159 out of 210 companies for ROC (Joel Greenblatt) %. This places Art's-Way Manufacturing Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.52. Art's-Way Manufacturing Co's value of 7.97% is 41% below this benchmark. While the company's 10-year median is 1.00 vs. the industry median of 13.52, Art's-Way Manufacturing Co has consistently been below 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 Farm & Heavy Construction Machinery company?
The median ROC (Joel Greenblatt) % among Farm & Heavy Construction Machinery companies is 13.52, based on 210 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. Art's-Way Manufacturing Co's current ROC (Joel Greenblatt) % of 7.97% is 41% below 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 Art's-Way Manufacturing Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median ROC (Joel Greenblatt) % is 13.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Art's-Way Manufacturing Co's current ROC (Joel Greenblatt) % is 7.97%, which is 697% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Art's-Way Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Art's-Way Manufacturing Co (FRA:ID2) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.57, compared to a current price of €2.56 — trading 63.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.97%, which is 697% above median its 10-year median of 1.00 and 41% below the Farm & Heavy Construction Machinery industry median of 13.52. Art's-Way Manufacturing Co's overall GF Score™ is 55/100 with 5 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 Art's-Way Manufacturing Co (FRA:ID2), the current ROC (Joel Greenblatt) % is 7.97% as of May. 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 Art's-Way Manufacturing Co (FRA:ID2) Overvalued in 2026?
Based on GuruFocus' analysis, Art's-Way Manufacturing Co stock appears to be overvalued.
The current stock price of €2.56 is trading 63.1% above its estimated GF Value™ of €1.57.
GuruFocus considers Art's-Way Manufacturing Co to be Significantly Overvalued.
Key valuation signals for FRA:ID2:
ROC (Joel Greenblatt) %: 7.97% (697% above median its 10-year median of 1.00)
GF Value™: €1.57 vs. price of €2.56 (63.1% above fair value)
Industry Position: 41% below the Farm & Heavy Construction Machinery median (#159 of 210)
No single metric tells the full story. See the FRA:ID2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has two reportable segments: Agricultural Products and Modular Buildings. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and world wide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. It derives revenues from the Agricultural Products segment.
55GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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