United Internet AGFRA:UTDI -3.51%72 ROC (Joel Greenblatt) % is 22.17% as of Mar. 2026, which is 59% below its 10-year median of 54.19. GuruFocus rates FRA:UTDI with a GF Score™ of 72/100 and a GF Value™ of €22.00 (Fairly Valued). The stock has 6 warning signs investors should review. Among 365 Telecommunication Services companies, United Internet AG ranks better than 57.81% 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. United Internet AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.17%.
The historical rank and industry rank for United Internet AG's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:UTDI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.75 Med: 54.19 Max: 132.22
Current: 19.13
During the past 13 years, United Internet AG's highest ROC (Joel Greenblatt) % was 132.22%. The lowest was 14.75%. And the median was 54.19%.
FRA:UTDI's ROC (Joel Greenblatt) % is ranked better than 57.81% of 365
companies
in the Telecommunication Services industry
Industry Median: 14.96
vs FRA:UTDI: 19.13
United Internet AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -23.50% per year.
United Internet AG (FRA:UTDI) 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.
United Internet AG ROC (Joel Greenblatt) % Related Terms
United Internet AG ROC (Joel Greenblatt) % Historical Data
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The historical data trend for United Internet 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:UTDI vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, United Internet 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.
United Internet AG ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, United Internet AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where United Internet AG's ROC (Joel Greenblatt) % falls into.
United Internet 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 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 22.17% mean?
United Internet AG (FRA:UTDI) has a ROC (Joel Greenblatt) % of 22.17% 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 United Internet AG and its competitors. This is 59% below median its historical median of 54.19. Over the past decade, United Internet AG's ROC (Joel Greenblatt) % has ranged from 14.75 to 132.22. According to the industry distribution chart, United Internet AG ranks #154 out of 365 companies in the Telecommunication Services industry, placing it in the top 42.2%.
Is United Internet AG's ROC (Joel Greenblatt) % too high?
United Internet AG's current ROC (Joel Greenblatt) % of 22.17% is 59% below median its 10-year median of 54.19. Over the past 10 years, this metric has ranged from a low of 14.75 to a high of 132.22. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.96. United Internet AG's value of 22.17% is 48.2% above this industry median. Based on the distribution chart, United Internet AG ranks #154 out of 365 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, United Internet AG has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Internet AG's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, United Internet AG ranks #154 out of 365 companies for ROC (Joel Greenblatt) %. This puts United Internet AG in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 14.96. United Internet AG's value of 22.17% is 48.2% above this benchmark. Historically, United Internet AG's own ROC (Joel Greenblatt) % has ranged from 14.75 to 132.22 over the past decade. While the company's 10-year median is 54.19 vs. the industry median of 14.96, United Internet 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.96, based on 365 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. United Internet AG's current ROC (Joel Greenblatt) % of 22.17% is 48.2% 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 United Internet AG and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Internet AG's current ROC (Joel Greenblatt) % is 22.17%, which is 59% below median its own 10-year median of 54.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Internet AG stock overvalued right now?
Based on GuruFocus' analysis, United Internet AG (FRA:UTDI) is currently considered Fairly Valued. The stock's GF Value™ is €22.00, compared to a current price of €23.06 — trading 4.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 22.17%, which is 59% below median its 10-year median of 54.19 and 48.2% above the Telecommunication Services industry median of 14.96. United Internet AG's overall GF Score™ is 72/100 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 United Internet AG (FRA:UTDI), the current ROC (Joel Greenblatt) % is 22.17% 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 United Internet AG (FRA:UTDI) Overvalued in 2026?
Based on GuruFocus' analysis, United Internet AG stock appears to be overvalued.
The current stock price of €23.06 is trading 4.8% above its estimated GF Value™ of €22.00.
GuruFocus considers United Internet AG to be Fairly Valued.
Key valuation signals for FRA:UTDI:
ROC (Joel Greenblatt) %: 22.17% (59% below median its 10-year median of 54.19)
GF Value™: €22.00 vs. price of €23.06 (4.8% above fair value)
Industry Position: 48.2% above the Telecommunication Services median (#154 of 365)
No single metric tells the full story. See the FRA:UTDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Internet AG is a telecommunications provider that operates through two business divisions: Access and Applications, which in turn are divided into the segments Consumer Access and Business Access and Consumer Applications and Business Applications. The Consumer Access segment which generates the majority of the revenue for the company comprises mobile internet products as well as landline-based broadband products (including the respective applications, such as home networks, online storage, telephony, Smart Home, IPTV, and video-on-demand) and mobile internet products. The company also provides a wide range of telecommunication products and services to companies and local authorities.
72GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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