Envar Holding AB (publ) (FRA:LD5) ROC (Joel Greenblatt) %: 513.75% (As of Mar. 2026) — 16% Below Median

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FRA:LD5 Envar Holding AB (publ) FRA:LD5
29 GF Score
Price €4.37
! 1 Warning Sign
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What is Envar Holding AB (publ) ROC (Joel Greenblatt) %?

Envar Holding AB (publ) FRA:LD5 +2.82% 29 ROC (Joel Greenblatt) % is 513.75% as of Mar. 2026, which is 16% below its 10-year median of 608.41. GuruFocus rates FRA:LD5 with a GF Score™ of 29/100. The stock has 1 warning sign investors should review. Among 549 Interactive Media companies, Envar Holding AB (publ) ranks better than 90.89% 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. Envar Holding AB (publ)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 513.75%.

The historical rank and industry rank for Envar Holding AB (publ)'s ROC (Joel Greenblatt) % or its related term are showing as below:

FRA:LD5' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 52.22   Med: 608.41   Max: 706.98
Current: 660.14

During the past 4 years, Envar Holding AB (publ)'s highest ROC (Joel Greenblatt) % was 706.98%. The lowest was 52.22%. And the median was 608.41%.

FRA:LD5's ROC (Joel Greenblatt) % is ranked better than
90.89% of 549 companies
in the Interactive Media industry
Industry Median: 16.47 vs FRA:LD5: 660.14

Envar Holding AB (publ)'s 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Envar Holding AB (publ)  (FRA:LD5) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Envar Holding AB (publ) ROC (Joel Greenblatt) % Related Terms


Envar Holding AB (publ) ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Envar Holding AB (publ)'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.

Envar Holding AB (publ) ROC (Joel Greenblatt) % Chart

Envar Holding AB (publ) Annual Data
Trend Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
0.00 52.19 597.83 721.43

Envar Holding AB (publ) Quarterly Data
Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1,027.37 1,435.83 1,148.11 -85.22 513.75

FRA:LD5 vs NTES, EA, TTWO: ROC (Joel Greenblatt) % Comparison

For the Electronic Gaming & Multimedia subindustry, Envar Holding AB (publ)'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.


Envar Holding AB (publ) ROC (Joel Greenblatt) % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Envar Holding AB (publ)'s ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Envar Holding AB (publ)'s ROC (Joel Greenblatt) % falls into.


FRA:LD5
29GF Score
Envar Holding AB (publ) FRA:LD5
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
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Envar Holding AB (publ) 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.799 + 0 + 0) - (0.762 + 0 + 0.62)
=-0.583

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.747 + 0 + 0) - (0.932 + 0 + 0.745)
=-0.93

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Envar Holding AB (publ) for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.364/( ( (0.252 + max(-0.583, 0)) + (0.279 + max(-0.93, 0)) )/ 2 )
=1.364/( ( 0.252 + 0.279 )/ 2 )
=1.364/0.2655
=513.75 %

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 513.75% mean?
Envar Holding AB (publ) (FRA:LD5) has a ROC (Joel Greenblatt) % of 513.75% 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 Envar Holding AB (publ) and its competitors. This is 16% below median its historical median of 608.41. Over the past decade, Envar Holding AB (publ)'s ROC (Joel Greenblatt) % has ranged from 52.22 to 706.98. According to the industry distribution chart, Envar Holding AB (publ) ranks #50 out of 549 companies in the Interactive Media industry, placing it in the top 9.1%.
Is Envar Holding AB (publ)'s ROC (Joel Greenblatt) % too high?
Envar Holding AB (publ)'s current ROC (Joel Greenblatt) % of 513.75% is 16% below median its 10-year median of 608.41. Over the past 10 years, this metric has ranged from a low of 52.22 to a high of 706.98. The Interactive Media industry median ROC (Joel Greenblatt) % is 16.47. Envar Holding AB (publ)'s value of 513.75% is 3019.3% above this industry median. Based on the distribution chart, Envar Holding AB (publ) ranks #50 out of 549 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Envar Holding AB (publ) has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Envar Holding AB (publ)'s ROC (Joel Greenblatt) % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Envar Holding AB (publ) ranks #50 out of 549 companies for ROC (Joel Greenblatt) %. This places Envar Holding AB (publ) in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 16.47. Envar Holding AB (publ)'s value of 513.75% is 3019.3% above this benchmark. Historically, Envar Holding AB (publ)'s own ROC (Joel Greenblatt) % has ranged from 52.22 to 706.98 over the past decade. While the company's 10-year median is 608.41 vs. the industry median of 16.47, Envar Holding AB (publ) 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 an Interactive Media company?
The median ROC (Joel Greenblatt) % among Interactive Media companies is 16.47, based on 549 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. Envar Holding AB (publ)'s current ROC (Joel Greenblatt) % of 513.75% is 3019.3% 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 Envar Holding AB (publ) and its competitors. For the Interactive Media industry, the median ROC (Joel Greenblatt) % is 16.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Envar Holding AB (publ)'s current ROC (Joel Greenblatt) % is 513.75%, which is 16% below median its own 10-year median of 608.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Envar Holding AB (publ) stock overvalued right now?
Envar Holding AB (publ) (FRA:LD5) has a current ROC (Joel Greenblatt) % of 513.75%. The current ROC (Joel Greenblatt) % is 513.75%, which is 16% below median its 10-year median of 608.41 and 3019.3% above the Interactive Media industry median of 16.47. Envar Holding AB (publ)'s overall GF Score™ is 29/100 with 1 warning sign 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 Envar Holding AB (publ) (FRA:LD5), the current ROC (Joel Greenblatt) % is 513.75% 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.

Envar Holding AB (publ) Business Description

Other Exchanges ENVAR:Sweden
Address Gotgatan 78, Stockholm, SWE, 118 30
Envar Holding AB (publ) is an outsourcing and development studio with a focus on graphic design, 3D graphics, animations and illustrations for game development companies or other companies operating in the entertainment industry. The company has established itself as a provider of graphics and development services to gaming industry. The company is active in two key segments: outsourcing and co-development as well as game development for the console and PC market.
29GF Score

Get the complete analysis for FRA:LD5

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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