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L E Lundbergforetagen ABFRA:LU3B -0.37%71 ROC (Joel Greenblatt) % is 29.60% as of Mar. 2026, which is 67% below its 10-year median of 90.70. GuruFocus rates FRA:LU3B with a GF Score™ of 71/100 and a GF Value™ of €44.10 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 564 Conglomerates companies, L E Lundbergforetagen AB ranks better than 50.35% 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. L E Lundbergforetagen AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.60%.
The historical rank and industry rank for L E Lundbergforetagen AB's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:LU3B'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.74 Med: 90.7 Max: 208.41
Current: 14.74
During the past 13 years, L E Lundbergforetagen AB's highest ROC (Joel Greenblatt) % was 208.41%. The lowest was 14.74%. And the median was 90.70%.
FRA:LU3B's ROC (Joel Greenblatt) % is ranked better than 50.35% of 564
companies
in the Conglomerates industry
Industry Median: 14.68
vs FRA:LU3B: 14.74
L E Lundbergforetagen AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.50% per year.
L E Lundbergforetagen AB (FRA:LU3B) 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.
L E Lundbergforetagen AB ROC (Joel Greenblatt) % Related Terms
L E Lundbergforetagen AB ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for L E Lundbergforetagen AB'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.
L E Lundbergforetagen AB ROC (Joel Greenblatt) % Chart
FRA:LU3B vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, L E Lundbergforetagen AB'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.
L E Lundbergforetagen AB ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, L E Lundbergforetagen AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where L E Lundbergforetagen AB's ROC (Joel Greenblatt) % falls into.
L E Lundbergforetagen AB 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 (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 29.60% mean?
L E Lundbergforetagen AB (FRA:LU3B) has a ROC (Joel Greenblatt) % of 29.60% 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 L E Lundbergforetagen AB and its competitors. This is 67% below median its historical median of 90.70. Over the past decade, L E Lundbergforetagen AB's ROC (Joel Greenblatt) % has ranged from 14.74 to 208.41. According to the industry distribution chart, L E Lundbergforetagen AB ranks #280 out of 564 companies in the Conglomerates industry, placing it in the top 49.6%.
Is L E Lundbergforetagen AB's ROC (Joel Greenblatt) % too high?
L E Lundbergforetagen AB's current ROC (Joel Greenblatt) % of 29.60% is 67% below median its 10-year median of 90.70. Over the past 10 years, this metric has ranged from a low of 14.74 to a high of 208.41. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.68. L E Lundbergforetagen AB's value of 29.60% is 101.6% above this industry median. Based on the distribution chart, L E Lundbergforetagen AB ranks #280 out of 564 companies in the Conglomerates industry, which is above the industry midpoint. Overall, L E Lundbergforetagen AB has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does L E Lundbergforetagen AB's ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, L E Lundbergforetagen AB ranks #280 out of 564 companies for ROC (Joel Greenblatt) %. This puts L E Lundbergforetagen AB in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 14.68. L E Lundbergforetagen AB's value of 29.60% is 101.6% above this benchmark. Historically, L E Lundbergforetagen AB's own ROC (Joel Greenblatt) % has ranged from 14.74 to 208.41 over the past decade. While the company's 10-year median is 90.70 vs. the industry median of 14.68, L E Lundbergforetagen AB 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.68, based on 564 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. L E Lundbergforetagen AB's current ROC (Joel Greenblatt) % of 29.60% is 101.6% 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 L E Lundbergforetagen AB and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L E Lundbergforetagen AB's current ROC (Joel Greenblatt) % is 29.60%, which is 67% below median its own 10-year median of 90.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L E Lundbergforetagen AB stock overvalued right now?
Based on GuruFocus' analysis, L E Lundbergforetagen AB (FRA:LU3B) is currently considered Modestly Overvalued. The stock's GF Value™ is €44.10, compared to a current price of €49.08 — trading 11.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 29.60%, which is 67% below median its 10-year median of 90.70 and 101.6% above the Conglomerates industry median of 14.68. L E Lundbergforetagen AB's overall GF Score™ is 71/100 with 7 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 L E Lundbergforetagen AB (FRA:LU3B), the current ROC (Joel Greenblatt) % is 29.60% 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.
Is L E Lundbergforetagen AB (FRA:LU3B) Overvalued in 2026?
Based on GuruFocus' analysis, L E Lundbergforetagen AB stock appears to be overvalued.
The current stock price of €49.08 is trading 11.3% above its estimated GF Value™ of €44.10.
GuruFocus considers L E Lundbergforetagen AB to be Modestly Overvalued.
Key valuation signals for FRA:LU3B:
ROC (Joel Greenblatt) %: 29.60% (67% below median its 10-year median of 90.70)
GF Value™: €44.10 vs. price of €49.08 (11.3% above fair value)
Industry Position: 101.6% above the Conglomerates median (#280 of 564)
No single metric tells the full story. See the FRA:LU3B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L E Lundbergforetagen AB is an investment holding company with a long-term, activist orientation. Its portfolio includes a wholly owned unlisted real estate entity, publicly-traded subsidiaries, and other shareholdings. Lundberg's investment objective is to generate returns on capital that over time substantially exceed the yield on a risk-free, interest-bearing instrument. Real estate operations, which the company has conducted through subsidiaries for decades, account for nearly half of the company's net asset value. Lundberg exercises activism through board representation on all of its portfolio companies. It supports its capital allocation program by maintaining low levels of indebtedness on its balance sheet.
71GF Score
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