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Karnell Group ABFRA:O4X +4.28%27 ROC (Joel Greenblatt) % is 39.68% as of Jun. 2026, which is 60% above its 10-year median of 24.75. GuruFocus rates FRA:O4X with a GF Score™ of 27/100. The stock has 4 warning signs investors should review. Among 553 Conglomerates companies, Karnell Group AB ranks better than 72.15% 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. Karnell Group AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 39.68%.
The historical rank and industry rank for Karnell Group AB's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:O4X'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.27 Med: 24.75 Max: 31.43
Current: 31.43
During the past 5 years, Karnell Group AB's highest ROC (Joel Greenblatt) % was 31.43%. The lowest was 20.27%. And the median was 24.75%.
FRA:O4X's ROC (Joel Greenblatt) % is ranked better than 72.15% of 553
companies
in the Conglomerates industry
Industry Median: 14.87
vs FRA:O4X: 31.43
Karnell Group AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Karnell Group AB (FRA:O4X) 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.
Karnell Group AB ROC (Joel Greenblatt) % Related Terms
Karnell Group AB ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Karnell Group 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.
FRA:O4X vs MMM, HON: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Karnell Group 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.
Karnell Group AB ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Karnell Group AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Karnell Group AB's ROC (Joel Greenblatt) % falls into.
Karnell Group 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 (Jun. 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 39.68% mean?
Karnell Group AB (FRA:O4X) has a ROC (Joel Greenblatt) % of 39.68% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Karnell Group AB and its competitors. This is 60% above median its historical median of 24.75. Over the past decade, Karnell Group AB's ROC (Joel Greenblatt) % has ranged from 20.27 to 31.43. According to the industry distribution chart, Karnell Group AB ranks #154 out of 553 companies in the Conglomerates industry, placing it in the top 27.8%.
Is Karnell Group AB's ROC (Joel Greenblatt) % too high?
Karnell Group AB's current ROC (Joel Greenblatt) % of 39.68% is 60% above median its 10-year median of 24.75. Over the past 10 years, this metric has ranged from a low of 20.27 to a high of 31.43. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.87. Karnell Group AB's value of 39.68% is 166.8% above this industry median. Based on the distribution chart, Karnell Group AB ranks #154 out of 553 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Karnell Group AB has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Karnell Group AB's ROC (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Karnell Group AB ranks #154 out of 553 companies for ROC (Joel Greenblatt) %. This puts Karnell Group AB in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 14.87. Karnell Group AB's value of 39.68% is 166.8% above this benchmark. Historically, Karnell Group AB's own ROC (Joel Greenblatt) % has ranged from 20.27 to 31.43 over the past decade. While the company's 10-year median is 24.75 vs. the industry median of 14.87, Karnell Group 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 14.87, based on 553 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. Karnell Group AB's current ROC (Joel Greenblatt) % of 39.68% is 166.8% 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 Karnell Group AB and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karnell Group AB's current ROC (Joel Greenblatt) % is 39.68%, which is 60% above median its own 10-year median of 24.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karnell Group AB stock overvalued right now?
Karnell Group AB (FRA:O4X) has a current ROC (Joel Greenblatt) % of 39.68%. The current ROC (Joel Greenblatt) % is 39.68%, which is 60% above median its 10-year median of 24.75 and 166.8% above the Conglomerates industry median of 14.87. Karnell Group AB's overall GF Score™ is 27/100 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 Karnell Group AB (FRA:O4X), the current ROC (Joel Greenblatt) % is 39.68% as of Jun. 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.
Karnell Group AB is a company that is an active owner of industrial technology companies. The Company's business concept is to use systematic and proactive acquisition strategies to identify and invest in industrial technology companies where Karnell believes there is development potential and thus an opportunity for value creation with Karnell as a long-term owner. It consists of twelve directly owned group companies, with subsidiaries, divided into two business areas that include Product companies and Niche manufacturers. The business area Product companies consists of companies that wholly or predominantly base their business on proprietary products, which may include various rights such as trademarks, patents, etc.
27GF Score
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