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Rogers CommunicationsFRA:RCIB +1.50%82 ROC (Joel Greenblatt) % is 17.96% as of Mar. 2026, which is 13% below its 10-year median of 20.69. GuruFocus rates FRA:RCIB with a GF Score™ of 82/100 and a GF Value™ of €35.04 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 363 Telecommunication Services companies, Rogers Communications ranks better than 76.31% 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. Rogers Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.96%.
The historical rank and industry rank for Rogers Communications's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:RCIB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.35 Med: 20.69 Max: 37.34
Current: 37.34
During the past 13 years, Rogers Communications's highest ROC (Joel Greenblatt) % was 37.34%. The lowest was 12.35%. And the median was 20.69%.
FRA:RCIB's ROC (Joel Greenblatt) % is ranked better than 76.31% of 363
companies
in the Telecommunication Services industry
Industry Median: 15.26
vs FRA:RCIB: 37.34
Rogers Communications's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.50% per year.
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.
Rogers Communications ROC (Joel Greenblatt) % Related Terms
Rogers Communications ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Rogers Communications'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:RCIB vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Rogers Communications'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.
Rogers Communications ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Rogers Communications's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rogers Communications'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 17.96% mean?
Rogers Communications (FRA:RCIB) has a ROC (Joel Greenblatt) % of 17.96% 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 Rogers Communications and its competitors. This is 13% below median its historical median of 20.69. Over the past decade, Rogers Communications' ROC (Joel Greenblatt) % has ranged from 12.35 to 37.34. According to the industry distribution chart, Rogers Communications ranks #86 out of 363 companies in the Telecommunication Services industry, placing it in the top 23.7%.
Is Rogers Communications' ROC (Joel Greenblatt) % too high?
Rogers Communications' current ROC (Joel Greenblatt) % of 17.96% is 13% below median its 10-year median of 20.69. Over the past 10 years, this metric has ranged from a low of 12.35 to a high of 37.34. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 15.26. Rogers Communications' value of 17.96% is 17.7% above this industry median. Based on the distribution chart, Rogers Communications ranks #86 out of 363 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Rogers Communications has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rogers Communications' ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Rogers Communications ranks #86 out of 363 companies for ROC (Joel Greenblatt) %. This places Rogers Communications in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 15.26. Rogers Communications' value of 17.96% is 17.7% above this benchmark. Historically, Rogers Communications' own ROC (Joel Greenblatt) % has ranged from 12.35 to 37.34 over the past decade. While the company's 10-year median is 20.69 vs. the industry median of 15.26, Rogers Communications 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 15.26, based on 363 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. Rogers Communications's current ROC (Joel Greenblatt) % of 17.96% is 17.7% 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 Rogers Communications and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 15.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rogers Communications's current ROC (Joel Greenblatt) % is 17.96%, which is 13% below median its own 10-year median of 20.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rogers Communications stock overvalued right now?
Based on GuruFocus' analysis, Rogers Communications (FRA:RCIB) is currently considered Modestly Undervalued. The stock's GF Value™ is €35.04, compared to a current price of €29.17 — trading 16.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 17.96%, which is 13% below median its 10-year median of 20.69 and 17.7% above the Telecommunication Services industry median of 15.26. Rogers Communications' overall GF Score™ is 82/100 with 5 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 Rogers Communications (FRA:RCIB), the current ROC (Joel Greenblatt) % is 17.96% 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 Rogers Communications (FRA:RCIB) Overvalued in 2026?
Based on GuruFocus' analysis, Rogers Communications stock appears to be undervalued.
The current stock price of €29.17 is trading 16.8% below its estimated GF Value™ of €35.04.
GuruFocus considers Rogers Communications to be Modestly Undervalued.
Key valuation signals for FRA:RCIB:
ROC (Joel Greenblatt) %: 17.96% (13% below median its 10-year median of 20.69)
GF Value™: €35.04 vs. price of €29.17 (16.8% below fair value)
Industry Position: 17.7% above the Telecommunication Services median (#86 of 363)
No single metric tells the full story. See the FRA:RCIB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rogers Communications is the largest wireless service provider in Canada with more than 11 million subscribers, equating to one-third of the total Canadian market. Rogers' wireless business accounts for more than half of total revenue and has been growing at a higher rate than other segments. The cable segment, which provides about 38% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and major Toronto sports franchises, including the Blue Jays, Maple Leafs, Raptors, Toronto FC, and Argonauts.
82GF Score
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