Multitude AGFRA:MULT +2.67%70 ROC (Joel Greenblatt) % is 503.58% as of Mar. 2026, which is 35% above its 10-year median of 372.86. GuruFocus rates FRA:MULT with a GF Score™ of 70/100 and a GF Value™ of €4.99 (Fairly Valued). The stock has 6 warning signs investors should review. Among 46 Banks companies, Multitude AG ranks better than 69.57% 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. Multitude AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 503.58%.
The historical rank and industry rank for Multitude AG's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:MULT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 69.86 Med: 372.86 Max: 3829.76
Current: 433.65
During the past 12 years, Multitude AG's highest ROC (Joel Greenblatt) % was 3829.76%. The lowest was 69.86%. And the median was 372.86%.
FRA:MULT's ROC (Joel Greenblatt) % is ranked better than 69.57% of 46
companies
in the Banks industry
Industry Median: 63.625
vs FRA:MULT: 433.65
Multitude AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 45.90% per year.
Multitude AG (FRA:MULT) 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.
Multitude AG ROC (Joel Greenblatt) % Related Terms
Multitude AG ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Multitude AG'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:MULT vs PNC, USB: ROC (Joel Greenblatt) % Comparison
For the Banks - Regional subindustry, Multitude AG'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.
Multitude AG ROC (Joel Greenblatt) % vs Banks Industry
For the Banks industry and Financial Services sector, Multitude AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Multitude AG's ROC (Joel Greenblatt) % falls into.
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 503.58% mean?
Multitude AG (FRA:MULT) has a ROC (Joel Greenblatt) % of 503.58% 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 Multitude AG and its competitors. This is 35% above median its historical median of 372.86. Over the past decade, Multitude AG's ROC (Joel Greenblatt) % has ranged from 69.86 to 3,829.76. According to the industry distribution chart, Multitude AG ranks #14 out of 46 companies in the Banks industry, placing it in the top 30.4%.
Is Multitude AG's ROC (Joel Greenblatt) % too high?
Multitude AG's current ROC (Joel Greenblatt) % of 503.58% is 35% above median its 10-year median of 372.86. Over the past 10 years, this metric has ranged from a low of 69.86 to a high of 3,829.76. The Banks industry median ROC (Joel Greenblatt) % is 63.63. Multitude AG's value of 503.58% is 691.5% above this industry median. Based on the distribution chart, Multitude AG ranks #14 out of 46 companies in the Banks industry, which is above the industry midpoint. Overall, Multitude AG has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Multitude AG's ROC (Joel Greenblatt) % compare to PNC and USB?
According to the Banks industry distribution chart, Multitude AG ranks #14 out of 46 companies for ROC (Joel Greenblatt) %. This puts Multitude AG in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 63.63. Multitude AG's value of 503.58% is 691.5% above this benchmark. Historically, Multitude AG's own ROC (Joel Greenblatt) % has ranged from 69.86 to 3,829.76 over the past decade. While the company's 10-year median is 372.86 vs. the industry median of 63.63, Multitude AG 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 Banks company?
The median ROC (Joel Greenblatt) % among Banks companies is 63.63, based on 46 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. Multitude AG's current ROC (Joel Greenblatt) % of 503.58% is 691.5% 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 Multitude AG and its competitors. For the Banks industry, the median ROC (Joel Greenblatt) % is 63.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Multitude AG's current ROC (Joel Greenblatt) % is 503.58%, which is 35% above median its own 10-year median of 372.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multitude AG stock overvalued right now?
Based on GuruFocus' analysis, Multitude AG (FRA:MULT) is currently considered Fairly Valued. The stock's GF Value™ is €4.99, compared to a current price of €5.38 — trading 7.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 503.58%, which is 35% above median its 10-year median of 372.86 and 691.5% above the Banks industry median of 63.63. Multitude AG's overall GF Score™ is 70/100 with 6 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 Multitude AG (FRA:MULT), the current ROC (Joel Greenblatt) % is 503.58% 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 Multitude AG (FRA:MULT) Overvalued in 2026?
Based on GuruFocus' analysis, Multitude AG stock appears to be overvalued.
The current stock price of €5.38 is trading 7.8% above its estimated GF Value™ of €4.99.
GuruFocus considers Multitude AG to be Fairly Valued.
Key valuation signals for FRA:MULT:
ROC (Joel Greenblatt) %: 503.58% (35% above median its 10-year median of 372.86)
GF Value™: €4.99 vs. price of €5.38 (7.8% above fair value)
Industry Position: 691.5% above the Banks median (#14 of 46)
No single metric tells the full story. See the FRA:MULT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Multitude AG is a fintech company providing digital financial and banking services to both individuals and businesses. Its reportable and operating segments are: Consumer Banking, SME Banking, and Wholesale Banking. Maximum revenue is derived from the Consumer Banking segment, which is operated under the Ferratum brand and offers digital consumer loans, credit lines, and credit card products. The SME Banking segment, which is operated under the CapitalBox brand, offers working capital and secured and non-secured lending solutions for small businesses, as well as other services such as invoice purchasing, and the Wholesale Banking, operated under the Multitude Bank brand, delivers lending and payment services to institutional clients, FinTechs, and payment service providers across Europe.
70GF Score
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