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PEH Wertpapier AGFRA:PEH 75 ROC (Joel Greenblatt) % is 273.13% as of Dec. 2025, which is 9% above its 10-year median of 250.63. GuruFocus rates FRA:PEH with a GF Score™ of 75/100 and a GF Value™ of €58.20 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 628 Asset Management companies, PEH Wertpapier AG ranks better than 64.33% 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. PEH Wertpapier AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 273.13%.
The historical rank and industry rank for PEH Wertpapier AG's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:PEH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 147.22 Med: 250.63 Max: 844.07
Current: 230.16
During the past 13 years, PEH Wertpapier AG's highest ROC (Joel Greenblatt) % was 844.07%. The lowest was 147.22%. And the median was 250.63%.
FRA:PEH's ROC (Joel Greenblatt) % is ranked better than 64.33% of 628
companies
in the Asset Management industry
Industry Median: 63.03
vs FRA:PEH: 230.16
PEH Wertpapier AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.60% per year.
PEH Wertpapier AG (FRA:PEH) 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.
PEH Wertpapier AG ROC (Joel Greenblatt) % Related Terms
PEH Wertpapier AG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for PEH Wertpapier 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:PEH vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, PEH Wertpapier 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.
PEH Wertpapier AG ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PEH Wertpapier AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PEH Wertpapier AG's ROC (Joel Greenblatt) % falls into.
PEH Wertpapier AG 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 273.13% mean?
PEH Wertpapier AG (FRA:PEH) has a ROC (Joel Greenblatt) % of 273.13% 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 PEH Wertpapier AG and its competitors. This is near median its historical median of 250.63. Over the past decade, PEH Wertpapier AG's ROC (Joel Greenblatt) % has ranged from 147.22 to 844.07. According to the industry distribution chart, PEH Wertpapier AG ranks #224 out of 628 companies in the Asset Management industry, placing it in the top 35.7%.
Is PEH Wertpapier AG's ROC (Joel Greenblatt) % too high?
PEH Wertpapier AG's current ROC (Joel Greenblatt) % of 273.13% is near median its 10-year median of 250.63. Over the past 10 years, this metric has ranged from a low of 147.22 to a high of 844.07. The Asset Management industry median ROC (Joel Greenblatt) % is 63.03. PEH Wertpapier AG's value of 273.13% is 333.3% above this industry median. Based on the distribution chart, PEH Wertpapier AG ranks #224 out of 628 companies in the Asset Management industry, which is above the industry midpoint. Overall, PEH Wertpapier AG has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PEH Wertpapier AG's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, PEH Wertpapier AG ranks #224 out of 628 companies for ROC (Joel Greenblatt) %. This puts PEH Wertpapier AG in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 63.03. PEH Wertpapier AG's value of 273.13% is 333.3% above this benchmark. Historically, PEH Wertpapier AG's own ROC (Joel Greenblatt) % has ranged from 147.22 to 844.07 over the past decade. While the company's 10-year median is 250.63 vs. the industry median of 63.03, PEH Wertpapier 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 63.03, based on 628 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. PEH Wertpapier AG's current ROC (Joel Greenblatt) % of 273.13% is 333.3% 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 PEH Wertpapier AG and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PEH Wertpapier AG's current ROC (Joel Greenblatt) % is 273.13%, which is near median its own 10-year median of 250.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PEH Wertpapier AG stock overvalued right now?
Based on GuruFocus' analysis, PEH Wertpapier AG (FRA:PEH) is currently considered Significantly Undervalued. The stock's GF Value™ is €58.20, compared to a current price of €30.20 — trading 48.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 273.13%, which is near median its 10-year median of 250.63 and 333.3% above the Asset Management industry median of 63.03. PEH Wertpapier AG's overall GF Score™ is 75/100 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 PEH Wertpapier AG (FRA:PEH), the current ROC (Joel Greenblatt) % is 273.13% 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 PEH Wertpapier AG (FRA:PEH) Overvalued in 2026?
Based on GuruFocus' analysis, PEH Wertpapier AG stock appears to be undervalued.
The current stock price of €30.20 is trading 48.1% below its estimated GF Value™ of €58.20.
GuruFocus considers PEH Wertpapier AG to be Significantly Undervalued.
Key valuation signals for FRA:PEH:
ROC (Joel Greenblatt) %: 273.13% (near median its 10-year median of 250.63)
GF Value™: €58.20 vs. price of €30.20 (48.1% below fair value)
Industry Position: 333.3% above the Asset Management median (#224 of 628)
No single metric tells the full story. See the FRA:PEH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PEH Wertpapier AG is an independent financial service provider in German-speaking countries. It offers asset management for private clients as well as special products and investment solutions for institutional investors. The various services offered by the company include asset management, wealth planning, general consultation, and foundation management. Additionally, it also operates various investment funds to cater to the demands of long-term investors who want to benefit from the growth opportunities of equity markets. The group is divided into three segments: PEH Asset Management, PEH Administration/Service segment, which generates maximum revenue, and PEH Sales. Geographically, it derives maximum revenue from Luxembourg, and the rest from Germany.
75GF Score
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