Warsaw Stock ExchangeFRA:WSX +2.87%80 ROC (Joel Greenblatt) % is 273.45% as of Mar. 2026, which is 65% above its 10-year median of 165.58. GuruFocus rates FRA:WSX with a GF Score™ of 80/100 and a GF Value™ of €12.71 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 677 Capital Markets companies, Warsaw Stock Exchange ranks better than 74.3% 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. Warsaw Stock Exchange's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 273.45%.
The historical rank and industry rank for Warsaw Stock Exchange's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:WSX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 124.09 Med: 165.58 Max: 209.8
Current: 208.51
During the past 13 years, Warsaw Stock Exchange's highest ROC (Joel Greenblatt) % was 209.80%. The lowest was 124.09%. And the median was 165.58%.
FRA:WSX's ROC (Joel Greenblatt) % is ranked better than 74.3% of 677
companies
in the Capital Markets industry
Industry Median: 34.76
vs FRA:WSX: 208.51
Warsaw Stock Exchange's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.60% 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.
Warsaw Stock Exchange ROC (Joel Greenblatt) % Related Terms
Warsaw Stock Exchange ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Warsaw Stock Exchange'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:WSX vs SPGI, CME, MCO: ROC (Joel Greenblatt) % Comparison
For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.
Warsaw Stock Exchange ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Warsaw Stock Exchange'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 273.45% mean?
Warsaw Stock Exchange (FRA:WSX) has a ROC (Joel Greenblatt) % of 273.45% 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 Warsaw Stock Exchange and its competitors. This is 65% above median its historical median of 165.58. Over the past decade, Warsaw Stock Exchange's ROC (Joel Greenblatt) % has ranged from 124.09 to 209.80. According to the industry distribution chart, Warsaw Stock Exchange ranks #174 out of 677 companies in the Capital Markets industry, placing it in the top 25.7%.
Is Warsaw Stock Exchange's ROC (Joel Greenblatt) % too high?
Warsaw Stock Exchange's current ROC (Joel Greenblatt) % of 273.45% is 65% above median its 10-year median of 165.58. Over the past 10 years, this metric has ranged from a low of 124.09 to a high of 209.80. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.76. Warsaw Stock Exchange's value of 273.45% is 686.7% above this industry median. Based on the distribution chart, Warsaw Stock Exchange ranks #174 out of 677 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Warsaw Stock Exchange has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warsaw Stock Exchange's ROC (Joel Greenblatt) % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Warsaw Stock Exchange ranks #174 out of 677 companies for ROC (Joel Greenblatt) %. This puts Warsaw Stock Exchange in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 34.76. Warsaw Stock Exchange's value of 273.45% is 686.7% above this benchmark. Historically, Warsaw Stock Exchange's own ROC (Joel Greenblatt) % has ranged from 124.09 to 209.80 over the past decade. While the company's 10-year median is 165.58 vs. the industry median of 34.76, Warsaw Stock Exchange 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.76, based on 677 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. Warsaw Stock Exchange's current ROC (Joel Greenblatt) % of 273.45% is 686.7% 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 Warsaw Stock Exchange and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warsaw Stock Exchange's current ROC (Joel Greenblatt) % is 273.45%, which is 65% above median its own 10-year median of 165.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warsaw Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Warsaw Stock Exchange (FRA:WSX) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.71, compared to a current price of €22.92 — trading 80.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 273.45%, which is 65% above median its 10-year median of 165.58 and 686.7% above the Capital Markets industry median of 34.76. Warsaw Stock Exchange's overall GF Score™ is 80/100 with 8 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 Warsaw Stock Exchange (FRA:WSX), the current ROC (Joel Greenblatt) % is 273.45% 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 Warsaw Stock Exchange (FRA:WSX) Overvalued in 2026?
Based on GuruFocus' analysis, Warsaw Stock Exchange stock appears to be overvalued.
The current stock price of €22.92 is trading 80.3% above its estimated GF Value™ of €12.71.
GuruFocus considers Warsaw Stock Exchange to be Significantly Overvalued.
Key valuation signals for FRA:WSX:
ROC (Joel Greenblatt) %: 273.45% (65% above median its 10-year median of 165.58)
GF Value™: €12.71 vs. price of €22.92 (80.3% above fair value)
Industry Position: 686.7% above the Capital Markets median (#174 of 677)
No single metric tells the full story. See the FRA:WSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.
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