Launch Tech CoFRA:LAN 77 ROC (Joel Greenblatt) % is 97.78% as of Dec. 2025, which is 409% above its 10-year median of 19.21. GuruFocus rates FRA:LAN with a GF Score™ of 77/100 and a GF Value™ of €0.71 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,334 Vehicles & Parts companies, Launch Tech Co ranks better than 97.9% 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. Launch Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 97.78%.
The historical rank and industry rank for Launch Tech Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:LAN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.32 Med: 19.21 Max: 114.96
Current: 112.53
During the past 13 years, Launch Tech Co's highest ROC (Joel Greenblatt) % was 114.96%. The lowest was -19.32%. And the median was 19.21%.
FRA:LAN's ROC (Joel Greenblatt) % is ranked better than 97.9% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 11.99
vs FRA:LAN: 112.53
Launch Tech Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Launch Tech Co (FRA:LAN) 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.
Launch Tech Co ROC (Joel Greenblatt) % Related Terms
Launch Tech Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Launch Tech Co'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:LAN vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Launch Tech 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.
Launch Tech Co ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Launch Tech Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Launch Tech Co's ROC (Joel Greenblatt) % falls into.
Launch Tech 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 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 97.78% mean?
Launch Tech Co (FRA:LAN) has a ROC (Joel Greenblatt) % of 97.78% 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 Launch Tech Co and its competitors. This is 409% above median its historical median of 19.21. According to the industry distribution chart, Launch Tech Co ranks #28 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 2.1%.
Is Launch Tech Co's ROC (Joel Greenblatt) % too high?
Launch Tech Co's current ROC (Joel Greenblatt) % of 97.78% is 409% above median its 10-year median of 19.21. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.99. Launch Tech Co's value of 97.78% is 715.5% above this industry median. Based on the distribution chart, Launch Tech Co ranks #28 out of 1334 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Launch Tech Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Launch Tech Co's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Launch Tech Co ranks #28 out of 1334 companies for ROC (Joel Greenblatt) %. This places Launch Tech Co in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Launch Tech Co's value of 97.78% is 715.5% above this benchmark. While the company's 10-year median is 19.21 vs. the industry median of 11.99, Launch Tech Co 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.99, based on 1,334 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. Launch Tech Co's current ROC (Joel Greenblatt) % of 97.78% is 715.5% 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 Launch Tech Co and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Launch Tech Co's current ROC (Joel Greenblatt) % is 97.78%, which is 409% above median its own 10-year median of 19.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Launch Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Launch Tech Co (FRA:LAN) is currently considered Fairly Valued. The stock's GF Value™ is €0.71, compared to a current price of €0.76 — trading 6.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 97.78%, which is 409% above median its 10-year median of 19.21 and 715.5% above the Vehicles & Parts industry median of 11.99. Launch Tech Co's overall GF Score™ is 77/100 with 2 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 Launch Tech Co (FRA:LAN), the current ROC (Joel Greenblatt) % is 97.78% 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 Launch Tech Co (FRA:LAN) Overvalued in 2026?
Based on GuruFocus' analysis, Launch Tech Co stock appears to be overvalued.
The current stock price of €0.76 is trading 6.3% above its estimated GF Value™ of €0.71.
GuruFocus considers Launch Tech Co to be Fairly Valued.
Key valuation signals for FRA:LAN:
ROC (Joel Greenblatt) %: 97.78% (409% above median its 10-year median of 19.21)
GF Value™: €0.71 vs. price of €0.76 (6.3% above fair value)
Industry Position: 715.5% above the Vehicles & Parts median (#28 of 1334)
No single metric tells the full story. See the FRA:LAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Launch Tech Co Ltd principally engages in the provision of products and services serving the automotive aftermarket and the automobile industry mainly in the People's Republic of China and certain overseas countries. The Company has three reporting segments: i) Automotive diagnosis segment, ii) Europe Overseas Sales segment, and iii) U.S. overseas sales segment. The automotive diagnosis segment covers research and development, production and sales of automotive diagnostic and inspection products. The Europe Overseas Sales segment covers development and maintenance of European distributors and customers. The U.S. Overseas Sales segment covers development and maintenance of distributors and customers in the Americas. The majority of revenue is derived from the Automotive diagnosis segment.
77GF Score
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