Kumba Iron OreFRA:KUI 72 ROC (Joel Greenblatt) % is 43.28% as of Dec. 2025, which is 25% below its 10-year median of 57.61. GuruFocus rates FRA:KUI with a GF Score™ of 72/100 and a GF Value™ of €18.51 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 631 Steel companies, Kumba Iron Ore ranks better than 94.14% 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. Kumba Iron Ore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 43.28%.
The historical rank and industry rank for Kumba Iron Ore's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:KUI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 41.87 Med: 57.61 Max: 123.38
Current: 42.07
During the past 13 years, Kumba Iron Ore's highest ROC (Joel Greenblatt) % was 123.38%. The lowest was 41.87%. And the median was 57.61%.
FRA:KUI's ROC (Joel Greenblatt) % is ranked better than 94.14% of 631
companies
in the Steel industry
Industry Median: 6.97
vs FRA:KUI: 42.07
Kumba Iron Ore's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -17.50% per year.
Kumba Iron Ore (FRA:KUI) 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.
Kumba Iron Ore ROC (Joel Greenblatt) % Related Terms
Kumba Iron Ore ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Kumba Iron Ore'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:KUI vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Kumba Iron Ore'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.
Kumba Iron Ore ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Kumba Iron Ore's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kumba Iron Ore's ROC (Joel Greenblatt) % falls into.
Kumba Iron Ore 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 43.28% mean?
Kumba Iron Ore (FRA:KUI) has a ROC (Joel Greenblatt) % of 43.28% 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 Kumba Iron Ore and its competitors. This is 25% below median its historical median of 57.61. Over the past decade, Kumba Iron Ore's ROC (Joel Greenblatt) % has ranged from 41.87 to 123.38. According to the industry distribution chart, Kumba Iron Ore ranks #37 out of 631 companies in the Steel industry, placing it in the top 5.9%.
Is Kumba Iron Ore's ROC (Joel Greenblatt) % too high?
Kumba Iron Ore's current ROC (Joel Greenblatt) % of 43.28% is 25% below median its 10-year median of 57.61. Over the past 10 years, this metric has ranged from a low of 41.87 to a high of 123.38. The Steel industry median ROC (Joel Greenblatt) % is 6.97. Kumba Iron Ore's value of 43.28% is 520.9% above this industry median. Based on the distribution chart, Kumba Iron Ore ranks #37 out of 631 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Kumba Iron Ore has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kumba Iron Ore's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Kumba Iron Ore ranks #37 out of 631 companies for ROC (Joel Greenblatt) %. This places Kumba Iron Ore in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 6.97. Kumba Iron Ore's value of 43.28% is 520.9% above this benchmark. Historically, Kumba Iron Ore's own ROC (Joel Greenblatt) % has ranged from 41.87 to 123.38 over the past decade. While the company's 10-year median is 57.61 vs. the industry median of 6.97, Kumba Iron Ore 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 6.97, based on 631 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. Kumba Iron Ore's current ROC (Joel Greenblatt) % of 43.28% is 520.9% 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 Kumba Iron Ore and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kumba Iron Ore's current ROC (Joel Greenblatt) % is 43.28%, which is 25% below median its own 10-year median of 57.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kumba Iron Ore stock overvalued right now?
Based on GuruFocus' analysis, Kumba Iron Ore (FRA:KUI) is currently considered Modestly Undervalued. The stock's GF Value™ is €18.51, compared to a current price of €15.10 — trading 18.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 43.28%, which is 25% below median its 10-year median of 57.61 and 520.9% above the Steel industry median of 6.97. Kumba Iron Ore's overall GF Score™ is 72/100 with 4 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 Kumba Iron Ore (FRA:KUI), the current ROC (Joel Greenblatt) % is 43.28% 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 Kumba Iron Ore (FRA:KUI) Overvalued in 2026?
Based on GuruFocus' analysis, Kumba Iron Ore stock appears to be undervalued.
The current stock price of €15.10 is trading 18.4% below its estimated GF Value™ of €18.51.
GuruFocus considers Kumba Iron Ore to be Modestly Undervalued.
Key valuation signals for FRA:KUI:
ROC (Joel Greenblatt) %: 43.28% (25% below median its 10-year median of 57.61)
GF Value™: €18.51 vs. price of €15.10 (18.4% below fair value)
Industry Position: 520.9% above the Steel median (#37 of 631)
No single metric tells the full story. See the FRA:KUI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kumba Iron Ore Ltd is engaged in the exploration, mining, processing, blending, and sale of iron ore to the steel industry. The company operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake in, located near the town of Kathu in the Northern Cape Province. The Sishen mine is opencast and produces the bulk of the group's iron ore, which is exported. It also holds an interest in the Kolomela mine. The company also generates revenue from Shipping operations. The majority of the company's revenue is generated from its products.
72GF Score
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