Futu HoldingsFUTU -0.71%80 ROC (Joel Greenblatt) % is 2,158.10% as of Mar. 2026, which is 140% above its 10-year median of 899.47. GuruFocus rates FUTU with a GF Score™ of 80/100 and a GF Value™ of $161.31 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 675 Capital Markets companies, Futu Holdings ranks better than 96.59% 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. Futu Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2,158.10%.
The historical rank and industry rank for Futu Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FUTU'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1345.57 Med: 899.47 Max: 2720.21
Current: 2720.21
During the past 10 years, Futu Holdings's highest ROC (Joel Greenblatt) % was 2720.21%. The lowest was -1345.57%. And the median was 899.47%.
FUTU's ROC (Joel Greenblatt) % is ranked better than 96.59% of 675
companies
in the Capital Markets industry
Industry Median: 35.03
vs FUTU: 2720.21
Futu Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 34.40% 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.
Futu Holdings ROC (Joel Greenblatt) % Related Terms
Futu Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Futu 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.
FUTU vs EVR, HUT, WULF: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Futu 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.
Futu Holdings ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Futu Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Futu 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 2,158.10% mean?
Futu Holdings (FUTU) has a ROC (Joel Greenblatt) % of 2,158.10% 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 Futu Holdings and its competitors. This is 140% above median its historical median of 899.47. According to the industry distribution chart, Futu Holdings ranks #23 out of 675 companies in the Capital Markets industry, placing it in the top 3.4%.
Is Futu Holdings' ROC (Joel Greenblatt) % too high?
Futu Holdings' current ROC (Joel Greenblatt) % of 2,158.10% is 140% above median its 10-year median of 899.47. The Capital Markets industry median ROC (Joel Greenblatt) % is 35.03. Futu Holdings' value of 2,158.10% is 6060.7% above this industry median. Based on the distribution chart, Futu Holdings ranks #23 out of 675 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Futu Holdings has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Futu Holdings' ROC (Joel Greenblatt) % compare to EVR and HUT?
According to the Capital Markets industry distribution chart, Futu Holdings ranks #23 out of 675 companies for ROC (Joel Greenblatt) %. This places Futu Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 35.03. Futu Holdings' value of 2,158.10% is 6060.7% above this benchmark. While the company's 10-year median is 899.47 vs. the industry median of 35.03, Futu Holdings 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 35.03, based on 675 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. Futu Holdings's current ROC (Joel Greenblatt) % of 2,158.10% is 6060.7% 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 Futu Holdings and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 35.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Futu Holdings's current ROC (Joel Greenblatt) % is 2,158.10%, which is 140% above median its own 10-year median of 899.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Futu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Futu Holdings (FUTU) is currently considered Possible Value Trap. The stock's GF Value™ is $161.31, compared to a current price of $96.34 — trading 40.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2,158.10%, which is 140% above median its 10-year median of 899.47 and 6060.7% above the Capital Markets industry median of 35.03. Futu Holdings' overall GF Score™ is 80/100 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 Futu Holdings (FUTU), the current ROC (Joel Greenblatt) % is 2,158.10% 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 Futu Holdings (FUTU) Overvalued in 2026?
Based on GuruFocus' analysis, Futu Holdings stock appears to be undervalued.
The current stock price of $96.34 is trading 40.3% below its estimated GF Value™ of $161.31.
GuruFocus considers Futu Holdings to be Possible Value Trap.
Key valuation signals for FUTU:
ROC (Joel Greenblatt) %: 2,158.10% (140% above median its 10-year median of 899.47)
GF Value™: $161.31 vs. price of $96.34 (40.3% below fair value)
Industry Position: 6060.7% above the Capital Markets median (#23 of 675)
No single metric tells the full story. See the FUTU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Futu Holdings Ltd is an online broker providing one-stop online investing services.. Through its proprietary digital platforms, Futubull and Moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Group engages in online brokerage services and margin financing services. It generates its revenue in the form of brokerage commission and handling charge services, and interest income. Geographically, it operates in Hong Kong, which derives key revenue and it also has its presence in other countries.
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