Pick N Pay StoresFRA:PIK -0.95%63 ROC (Joel Greenblatt) % is 13.20% as of Feb. 2026, which is 31% below its 10-year median of 19.10. GuruFocus rates FRA:PIK with a GF Score™ of 63/100 and a GF Value™ of €1.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,123 Retail - Cyclical companies, Pick N Pay Stores ranks worse than 56.28% 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. Pick N Pay Stores's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 13.20%.
The historical rank and industry rank for Pick N Pay Stores's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:PIK'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.83 Med: 19.1 Max: 34.77
Current: 8.96
During the past 13 years, Pick N Pay Stores's highest ROC (Joel Greenblatt) % was 34.77%. The lowest was -8.83%. And the median was 19.10%.
FRA:PIK's ROC (Joel Greenblatt) % is ranked worse than 56.28% of 1123
companies
in the Retail - Cyclical industry
Industry Median: 11.57
vs FRA:PIK: 8.96
Pick N Pay Stores's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Pick N Pay Stores (FRA:PIK) 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.
Pick N Pay Stores ROC (Joel Greenblatt) % Related Terms
Pick N Pay Stores ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Pick N Pay Stores'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:PIK vs DDS, M: ROC (Joel Greenblatt) % Comparison
For the Department Stores subindustry, Pick N Pay Stores'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.
Pick N Pay Stores ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pick N Pay Stores's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pick N Pay Stores's ROC (Joel Greenblatt) % falls into.
Pick N Pay Stores 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 (Feb. 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 13.20% mean?
Pick N Pay Stores (FRA:PIK) has a ROC (Joel Greenblatt) % of 13.20% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Pick N Pay Stores and its competitors. This is 31% below median its historical median of 19.10. According to the industry distribution chart, Pick N Pay Stores ranks #632 out of 1123 companies in the Retail - Cyclical industry, placing it in the top 56.3%.
Is Pick N Pay Stores' ROC (Joel Greenblatt) % too high?
Pick N Pay Stores' current ROC (Joel Greenblatt) % of 13.20% is 31% below median its 10-year median of 19.10. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.57. Pick N Pay Stores' value of 13.20% is 14.1% above this industry median. Based on the distribution chart, Pick N Pay Stores ranks #632 out of 1123 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Pick N Pay Stores has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pick N Pay Stores' ROC (Joel Greenblatt) % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Pick N Pay Stores ranks #632 out of 1123 companies for ROC (Joel Greenblatt) %. This places Pick N Pay Stores in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.57. Pick N Pay Stores' value of 13.20% is 14.1% above this benchmark. While the company's 10-year median is 19.10 vs. the industry median of 11.57, Pick N Pay Stores 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.57, based on 1,123 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. Pick N Pay Stores's current ROC (Joel Greenblatt) % of 13.20% is 14.1% 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 Pick N Pay Stores and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pick N Pay Stores's current ROC (Joel Greenblatt) % is 13.20%, which is 31% below median its own 10-year median of 19.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pick N Pay Stores stock overvalued right now?
Based on GuruFocus' analysis, Pick N Pay Stores (FRA:PIK) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.23, compared to a current price of €1.04 — trading 15.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.20%, which is 31% below median its 10-year median of 19.10 and 14.1% above the Retail - Cyclical industry median of 11.57. Pick N Pay Stores' overall GF Score™ is 63/100 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 Pick N Pay Stores (FRA:PIK), the current ROC (Joel Greenblatt) % is 13.20% as of Feb. 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 Pick N Pay Stores (FRA:PIK) Overvalued in 2026?
Based on GuruFocus' analysis, Pick N Pay Stores stock appears to be undervalued.
The current stock price of €1.04 is trading 15.4% below its estimated GF Value™ of €1.23.
GuruFocus considers Pick N Pay Stores to be Modestly Undervalued.
Key valuation signals for FRA:PIK:
ROC (Joel Greenblatt) %: 13.20% (31% below median its 10-year median of 19.10)
GF Value™: €1.23 vs. price of €1.04 (15.4% below fair value)
Industry Position: 14.1% above the Retail - Cyclical median (#632 of 1123)
No single metric tells the full story. See the FRA:PIK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pick N Pay Stores Ltd is a South African multiformat and multichannel retailer. The company operates in South Africa, Namibia, Botswana, Zambia, Mauritius, Swaziland, and Lesotho. The company offers food and groceries, clothing, general merchandise, and services across multiple store formats, both franchised and owned. The customer base is mainly represented by middle-income South African consumer. The portfolio of stores is composed of supermarkets, hypermarkets, local shops, express shops, clothing shops, liquor stores, and others.
63GF Score
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