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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. MGI Digital Graphic Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.63%.
The historical rank and industry rank for MGI Digital Graphic Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
FRIIF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.15 Med: 20.5 Max: 60.76
Current: 6.26
During the past 13 years, MGI Digital Graphic Technology's highest ROC (Joel Greenblatt) % was 60.76%. The lowest was 6.15%. And the median was 20.50%.
FRIIF's ROC (Joel Greenblatt) % is ranked worse than 57.57% of 2496
companies
in the Hardware industry
Industry Median: 10.355
vs FRIIF: 6.26
MGI Digital Graphic Technology (OTCPK:FRIIF) 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.
* 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.
MGI Digital Graphic Technology ROC (Joel Greenblatt) % Chart
FRIIF vs SNDK, DELL, STX: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, MGI Digital Graphic Technology'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.
MGI Digital Graphic Technology ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, MGI Digital Graphic Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MGI Digital Graphic Technology's ROC (Joel Greenblatt) % falls into.
MGI Digital Graphic Technology 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 two times the semi-annual (Dec. 2025) 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 10.63% mean?
MGI Digital Graphic Technology (FRIIF) has a ROC (Joel Greenblatt) % of 10.63% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on MGI Digital Graphic Technology and its competitors. This is 48% below median its historical median of 20.50. Over the past decade, MGI Digital Graphic Technology's ROC (Joel Greenblatt) % has ranged from 6.15 to 60.76. According to the industry distribution chart, MGI Digital Graphic Technology ranks #1437 out of 2496 companies in the Hardware industry, placing it in the top 57.6%.
Is MGI Digital Graphic Technology's ROC (Joel Greenblatt) % too high?
MGI Digital Graphic Technology's current ROC (Joel Greenblatt) % of 10.63% is 48% below median its 10-year median of 20.50. Over the past 10 years, this metric has ranged from a low of 6.15 to a high of 60.76. The Hardware industry median ROC (Joel Greenblatt) % is 10.36. MGI Digital Graphic Technology's value of 10.63% is 2.7% above this industry median. Based on the distribution chart, MGI Digital Graphic Technology ranks #1437 out of 2496 companies in the Hardware industry, which is below the industry midpoint. Overall, MGI Digital Graphic Technology has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does MGI Digital Graphic Technology's ROC (Joel Greenblatt) % compare to SNDK and DELL?
According to the Hardware industry distribution chart, MGI Digital Graphic Technology ranks #1437 out of 2496 companies for ROC (Joel Greenblatt) %. This places MGI Digital Graphic Technology in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.36. MGI Digital Graphic Technology's value of 10.63% is 2.7% above this benchmark. Historically, MGI Digital Graphic Technology's own ROC (Joel Greenblatt) % has ranged from 6.15 to 60.76 over the past decade. While the company's 10-year median is 20.50 vs. the industry median of 10.36, MGI Digital Graphic Technology 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.36, based on 2,496 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. MGI Digital Graphic Technology's current ROC (Joel Greenblatt) % of 10.63% is 2.7% 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 MGI Digital Graphic Technology and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGI Digital Graphic Technology's current ROC (Joel Greenblatt) % is 10.63%, which is 48% below median its own 10-year median of 20.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGI Digital Graphic Technology stock overvalued right now?
MGI Digital Graphic Technology (FRIIF) has a current ROC (Joel Greenblatt) % of 10.63%. The stock's GF Value™ is $25.37, compared to a current price of $12.88 — trading 49.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.63%, which is 48% below median its 10-year median of 20.50 and 2.7% above the Hardware industry median of 10.36. MGI Digital Graphic Technology's overall GF Score™ is 79/100 with 5 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 MGI Digital Graphic Technology (FRIIF), the current ROC (Joel Greenblatt) % is 10.63% as of Dec. 2025. 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 MGI Digital Graphic Technology (FRIIF) Overvalued in 2026?
Based on GuruFocus' analysis, MGI Digital Graphic Technology stock appears to be undervalued.
The current stock price of $12.88 is trading 49.2% below its estimated GF Value™ of $25.37.
Key valuation signals for FRIIF:
ROC (Joel Greenblatt) %: 10.63% (48% below median its 10-year median of 20.50)
GF Value™: $25.37 vs. price of $12.88 (49.2% below fair value)
Industry Position: 2.7% above the Hardware median (#1437 of 2496)
No single metric tells the full story. See the FRIIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGI Digital Graphic Technology Business Description
MGI Digital Graphic Technology SA is a France-based company engaged in designing, manufacturing, and selling digital printing and finishing equipment for the graphics industry. The company offers digital printing and finishing equipment in the areas of inkjet technology, digital printing, spot UV coating, embossed hot foiling, adhesive labels, digital finishing, plastic card production, envelope solutions, and turnkey paper solutions.
79GF 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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