SBI HoldingsFRA:ZOF +0.95%82 ROC (Joel Greenblatt) % is 79.31% as of Mar. 2026, which is 360% above its 10-year median of 17.25. GuruFocus rates FRA:ZOF with a GF Score™ of 82/100 and a GF Value™ of €13.53 (Fairly Valued). The stock has 7 warning signs investors should review. Among 326 Diversified Financial Services companies, SBI Holdings ranks better than 81.29% 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. SBI Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 79.31%.
The historical rank and industry rank for SBI Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:ZOF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.88 Med: 17.25 Max: 322.61
Current: 309
During the past 13 years, SBI Holdings's highest ROC (Joel Greenblatt) % was 322.61%. The lowest was 8.88%. And the median was 17.25%.
FRA:ZOF's ROC (Joel Greenblatt) % is ranked better than 81.29% of 326
companies
in the Diversified Financial Services industry
Industry Median: -306.765
vs FRA:ZOF: 309.00
SBI Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 93.10% 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.
SBI Holdings ROC (Joel Greenblatt) % Related Terms
SBI Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for SBI Holdings'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:ZOF vs VOYA, FRHC: ROC (Joel Greenblatt) % Comparison
For the Financial Conglomerates subindustry, SBI Holdings'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.
SBI Holdings ROC (Joel Greenblatt) % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SBI Holdings'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 79.31% mean?
SBI Holdings (FRA:ZOF) has a ROC (Joel Greenblatt) % of 79.31% 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 SBI Holdings and its competitors. This is 360% above median its historical median of 17.25. Over the past decade, SBI Holdings' ROC (Joel Greenblatt) % has ranged from 8.88 to 322.61. According to the industry distribution chart, SBI Holdings ranks #61 out of 326 companies in the Diversified Financial Services industry, placing it in the top 18.7%.
Is SBI Holdings' ROC (Joel Greenblatt) % too high?
SBI Holdings' current ROC (Joel Greenblatt) % of 79.31% is 360% above median its 10-year median of 17.25. Over the past 10 years, this metric has ranged from a low of 8.88 to a high of 322.61. Based on the distribution chart, SBI Holdings ranks #61 out of 326 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, SBI Holdings has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SBI Holdings' ROC (Joel Greenblatt) % compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, SBI Holdings ranks #61 out of 326 companies for ROC (Joel Greenblatt) %. This places SBI Holdings in the top 19% of its industry — outperforming the majority of peers. Historically, SBI Holdings' own ROC (Joel Greenblatt) % has ranged from 8.88 to 322.61 over the past decade. 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 Diversified Financial Services company?
A good ROC (Joel Greenblatt) % depends on the Diversified Financial Services industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 SBI Holdings and its competitors. SBI Holdings's current ROC (Joel Greenblatt) % is 79.31%, which is 360% above median its own 10-year median of 17.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBI Holdings (FRA:ZOF) is currently considered Fairly Valued. The stock's GF Value™ is €13.53, compared to a current price of €14.35 — trading 6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 79.31%, which is 360% above median its 10-year median of 17.25. SBI Holdings' overall GF Score™ is 82/100 with 7 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 SBI Holdings (FRA:ZOF), the current ROC (Joel Greenblatt) % is 79.31% 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 SBI Holdings (FRA:ZOF) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Holdings stock appears to be overvalued.
The current stock price of €14.35 is trading 6% above its estimated GF Value™ of €13.53.
GuruFocus considers SBI Holdings to be Fairly Valued.
Key valuation signals for FRA:ZOF:
ROC (Joel Greenblatt) %: 79.31% (360% above median its 10-year median of 17.25)
GF Value™: €13.53 vs. price of €14.35 (6% above fair value)
No single metric tells the full story. See the FRA:ZOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. The company operates through five segments. The Asset Management segment provides investment management, advice, and financial product information. The Crypto Asset segment offers crypto exchange and trading services. The Financial Services segment covers securities, banking, and insurance activities in Japan and abroad. The Investment segment invests in IT, fintech, blockchain, finance, and biotech ventures. The Next Generation Business develops and sells pharmaceuticals, health foods, and cosmetics, conducts R&D in cancer and immunology, offers digital medical solutions, and engages in medical finance. It generates majority of its revenue from Financial services segment.
82GF 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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