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Wolverine World WideFRA:WW4 -5.39%70 ROC (Joel Greenblatt) % is 38.30% as of Mar. 2026, which is 61% above its 10-year median of 23.72. GuruFocus rates FRA:WW4 with a GF Score™ of 70/100 and a GF Value™ of €12.87 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,061 Manufacturing - Apparel & Accessories companies, Wolverine World Wide ranks better than 90.86% 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. Wolverine World Wide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 38.30%.
The historical rank and industry rank for Wolverine World Wide's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:WW4'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -30.88 Med: 23.72 Max: 54.73
Current: 43.25
During the past 13 years, Wolverine World Wide's highest ROC (Joel Greenblatt) % was 54.73%. The lowest was -30.88%. And the median was 23.72%.
FRA:WW4's ROC (Joel Greenblatt) % is ranked better than 90.86% of 1061
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.53
vs FRA:WW4: 43.25
Wolverine World Wide's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Wolverine World Wide (FRA:WW4) 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.
Wolverine World Wide ROC (Joel Greenblatt) % Related Terms
Wolverine World Wide ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Wolverine World Wide'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.
Wolverine World Wide ROC (Joel Greenblatt) % Chart
FRA:WW4 vs WEYS, DBI, RCKY: ROC (Joel Greenblatt) % Comparison
For the Footwear & Accessories subindustry, Wolverine World Wide'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.
Wolverine World Wide ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wolverine World Wide's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Wolverine World Wide's ROC (Joel Greenblatt) % falls into.
Wolverine World Wide 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 38.30% mean?
Wolverine World Wide (FRA:WW4) has a ROC (Joel Greenblatt) % of 38.30% 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 Wolverine World Wide and its competitors. This is 61% above median its historical median of 23.72. According to the industry distribution chart, Wolverine World Wide ranks #97 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 9.1%.
Is Wolverine World Wide's ROC (Joel Greenblatt) % too high?
Wolverine World Wide's current ROC (Joel Greenblatt) % of 38.30% is 61% above median its 10-year median of 23.72. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.53. Wolverine World Wide's value of 38.30% is 349% above this industry median. Based on the distribution chart, Wolverine World Wide ranks #97 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Wolverine World Wide has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wolverine World Wide's ROC (Joel Greenblatt) % compare to WEYS and DBI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Wolverine World Wide ranks #97 out of 1061 companies for ROC (Joel Greenblatt) %. This places Wolverine World Wide in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.53. Wolverine World Wide's value of 38.30% is 349% above this benchmark. While the company's 10-year median is 23.72 vs. the industry median of 8.53, Wolverine World Wide 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.53, based on 1,061 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. Wolverine World Wide's current ROC (Joel Greenblatt) % of 38.30% is 349% 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 Wolverine World Wide and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wolverine World Wide's current ROC (Joel Greenblatt) % is 38.30%, which is 61% above median its own 10-year median of 23.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wolverine World Wide stock overvalued right now?
Based on GuruFocus' analysis, Wolverine World Wide (FRA:WW4) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.87, compared to a current price of €15.80 — trading 22.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 38.30%, which is 61% above median its 10-year median of 23.72 and 349% above the Manufacturing - Apparel & Accessories industry median of 8.53. Wolverine World Wide's overall GF Score™ is 70/100 with 3 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 Wolverine World Wide (FRA:WW4), the current ROC (Joel Greenblatt) % is 38.30% 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 Wolverine World Wide (FRA:WW4) Overvalued in 2026?
Based on GuruFocus' analysis, Wolverine World Wide stock appears to be overvalued.
The current stock price of €15.80 is trading 22.8% above its estimated GF Value™ of €12.87.
GuruFocus considers Wolverine World Wide to be Modestly Overvalued.
Key valuation signals for FRA:WW4:
ROC (Joel Greenblatt) %: 38.30% (61% above median its 10-year median of 23.72)
GF Value™: €12.87 vs. price of €15.80 (22.8% above fair value)
Industry Position: 349% above the Manufacturing - Apparel & Accessories median (#97 of 1061)
No single metric tells the full story. See the FRA:WW4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; and Work Group. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear. Geographically, the company operates in United States; Europe, Middle East and Africa; Asia Pacific; Canada; and Latin America.
70GF Score
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