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Willis Towers WatsonFRA:WTY -2.56%77 ROC (Joel Greenblatt) % is 155.07% as of Mar. 2026, which is 64% above its 10-year median of 94.29. GuruFocus rates FRA:WTY with a GF Score™ of 77/100 and a GF Value™ of €284.01 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 66 Insurance companies, Willis Towers Watson ranks better than 62.12% 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. Willis Towers Watson's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 155.07%.
The historical rank and industry rank for Willis Towers Watson's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:WTY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 30.03 Med: 94.29 Max: 190.12
Current: 181.17
During the past 13 years, Willis Towers Watson's highest ROC (Joel Greenblatt) % was 190.12%. The lowest was 30.03%. And the median was 94.29%.
FRA:WTY's ROC (Joel Greenblatt) % is ranked better than 62.12% of 66
companies
in the Insurance industry
Industry Median: 74.89
vs FRA:WTY: 181.17
Willis Towers Watson's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.30% 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.
Willis Towers Watson ROC (Joel Greenblatt) % Related Terms
Willis Towers Watson ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Willis Towers Watson'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:WTY vs BRO, ERIE, NP: ROC (Joel Greenblatt) % Comparison
For the Insurance Brokers subindustry, Willis Towers Watson'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.
Willis Towers Watson ROC (Joel Greenblatt) % vs Insurance Industry
For the Insurance industry and Financial Services sector, Willis Towers Watson's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Willis Towers Watson'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 155.07% mean?
Willis Towers Watson (FRA:WTY) has a ROC (Joel Greenblatt) % of 155.07% 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 Willis Towers Watson and its competitors. This is 64% above median its historical median of 94.29. Over the past decade, Willis Towers Watson's ROC (Joel Greenblatt) % has ranged from 30.03 to 190.12. According to the industry distribution chart, Willis Towers Watson ranks #25 out of 66 companies in the Insurance industry, placing it in the top 37.9%.
Is Willis Towers Watson's ROC (Joel Greenblatt) % too high?
Willis Towers Watson's current ROC (Joel Greenblatt) % of 155.07% is 64% above median its 10-year median of 94.29. Over the past 10 years, this metric has ranged from a low of 30.03 to a high of 190.12. The Insurance industry median ROC (Joel Greenblatt) % is 74.89. Willis Towers Watson's value of 155.07% is 107.1% above this industry median. Based on the distribution chart, Willis Towers Watson ranks #25 out of 66 companies in the Insurance industry, which is above the industry midpoint. Overall, Willis Towers Watson has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Willis Towers Watson's ROC (Joel Greenblatt) % compare to BRO and ERIE?
According to the Insurance industry distribution chart, Willis Towers Watson ranks #25 out of 66 companies for ROC (Joel Greenblatt) %. This puts Willis Towers Watson in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 74.89. Willis Towers Watson's value of 155.07% is 107.1% above this benchmark. Historically, Willis Towers Watson's own ROC (Joel Greenblatt) % has ranged from 30.03 to 190.12 over the past decade. While the company's 10-year median is 94.29 vs. the industry median of 74.89, Willis Towers Watson 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 Insurance company?
The median ROC (Joel Greenblatt) % among Insurance companies is 74.89, based on 66 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. Willis Towers Watson's current ROC (Joel Greenblatt) % of 155.07% is 107.1% 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 Willis Towers Watson and its competitors. For the Insurance industry, the median ROC (Joel Greenblatt) % is 74.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Willis Towers Watson's current ROC (Joel Greenblatt) % is 155.07%, which is 64% above median its own 10-year median of 94.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Willis Towers Watson stock overvalued right now?
Based on GuruFocus' analysis, Willis Towers Watson (FRA:WTY) is currently considered Modestly Undervalued. The stock's GF Value™ is €284.01, compared to a current price of €251.20 — trading 11.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 155.07%, which is 64% above median its 10-year median of 94.29 and 107.1% above the Insurance industry median of 74.89. Willis Towers Watson's overall GF Score™ is 77/100 with 1 warning sign 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 Willis Towers Watson (FRA:WTY), the current ROC (Joel Greenblatt) % is 155.07% 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 Willis Towers Watson (FRA:WTY) Overvalued in 2026?
Based on GuruFocus' analysis, Willis Towers Watson stock appears to be undervalued.
The current stock price of €251.20 is trading 11.6% below its estimated GF Value™ of €284.01.
GuruFocus considers Willis Towers Watson to be Modestly Undervalued.
Key valuation signals for FRA:WTY:
ROC (Joel Greenblatt) %: 155.07% (64% above median its 10-year median of 94.29)
GF Value™: €284.01 vs. price of €251.20 (11.6% below fair value)
Industry Position: 107.1% above the Insurance median (#25 of 66)
No single metric tells the full story. See the FRA:WTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Willis Towers Watson PLC is an advisory, broking, and solutions company that provides data-driven, insight-led solutions in the areas of people, risk, and capital. The company's segments include Health, Wealth & Career (HWC) and Risk & Broking (R&B). The HWC segment provides an array of advice, broking, solutions and technology for employee benefit plans, institutional investors, compensation and career programs, and employee experience overall. It focuses on four key areas: Health, Wealth, Career and Benefits Delivery & Outsourcing. The R&B segment provides risk advice, insurance brokerage and consulting services to clients ranging from small businesses to multinational corporations. Its R&B segment includes two businesses: Corporate Risk & Broking and Insurance Consulting and Technology.
77GF Score
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