GrifolsGRFS -0.81%84 ROC (Joel Greenblatt) % is 15.67% as of Mar. 2026, which is 25% below its 10-year median of 20.82. GuruFocus rates GRFS with a GF Score™ of 84/100 and a GF Value™ of $8.92 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 975 Drug Manufacturers companies, Grifols ranks better than 61.64% 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. Grifols's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.67%.
The historical rank and industry rank for Grifols's ROC (Joel Greenblatt) % or its related term are showing as below:
GRFS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.04 Med: 20.82 Max: 34.26
Current: 18.75
During the past 13 years, Grifols's highest ROC (Joel Greenblatt) % was 34.26%. The lowest was 10.04%. And the median was 20.82%.
GRFS's ROC (Joel Greenblatt) % is ranked better than 61.64% of 975
companies
in the Drug Manufacturers industry
Industry Median: 11.44
vs GRFS: 18.75
Grifols's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.90% 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.
The historical data trend for Grifols'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.
GRFS vs LLY, JNJ, ABBV: ROC (Joel Greenblatt) % Comparison
For the Drug Manufacturers - General subindustry, Grifols'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.
Grifols ROC (Joel Greenblatt) % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Grifols's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Grifols'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 15.67% mean?
Grifols (GRFS) has a ROC (Joel Greenblatt) % of 15.67% 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 Grifols and its competitors. This is 25% below median its historical median of 20.82. Over the past decade, Grifols' ROC (Joel Greenblatt) % has ranged from 10.04 to 34.26. According to the industry distribution chart, Grifols ranks #374 out of 975 companies in the Drug Manufacturers industry, placing it in the top 38.4%.
Is Grifols' ROC (Joel Greenblatt) % too high?
Grifols' current ROC (Joel Greenblatt) % of 15.67% is 25% below median its 10-year median of 20.82. Over the past 10 years, this metric has ranged from a low of 10.04 to a high of 34.26. The Drug Manufacturers industry median ROC (Joel Greenblatt) % is 11.44. Grifols' value of 15.67% is 37% above this industry median. Based on the distribution chart, Grifols ranks #374 out of 975 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Grifols has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grifols' ROC (Joel Greenblatt) % compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Grifols ranks #374 out of 975 companies for ROC (Joel Greenblatt) %. This puts Grifols in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.44. Grifols' value of 15.67% is 37% above this benchmark. Historically, Grifols' own ROC (Joel Greenblatt) % has ranged from 10.04 to 34.26 over the past decade. While the company's 10-year median is 20.82 vs. the industry median of 11.44, Grifols 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 Drug Manufacturers company?
The median ROC (Joel Greenblatt) % among Drug Manufacturers companies is 11.44, based on 975 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. Grifols's current ROC (Joel Greenblatt) % of 15.67% is 37% 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 Grifols and its competitors. For the Drug Manufacturers industry, the median ROC (Joel Greenblatt) % is 11.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grifols's current ROC (Joel Greenblatt) % is 15.67%, which is 25% below median its own 10-year median of 20.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grifols stock overvalued right now?
Based on GuruFocus' analysis, Grifols (GRFS) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.92, compared to a current price of $7.34 — trading 17.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 15.67%, which is 25% below median its 10-year median of 20.82 and 37% above the Drug Manufacturers industry median of 11.44. Grifols' overall GF Score™ is 84/100 with 6 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 Grifols (GRFS), the current ROC (Joel Greenblatt) % is 15.67% 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 Grifols (GRFS) Overvalued in 2026?
Based on GuruFocus' analysis, Grifols stock appears to be undervalued.
The current stock price of $7.34 is trading 17.8% below its estimated GF Value™ of $8.92.
GuruFocus considers Grifols to be Modestly Undervalued.
Key valuation signals for GRFS:
ROC (Joel Greenblatt) %: 15.67% (25% below median its 10-year median of 20.82)
GF Value™: $8.92 vs. price of $7.34 (17.8% below fair value)
Industry Position: 37% above the Drug Manufacturers median (#374 of 975)
No single metric tells the full story. See the GRFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grifols SA is a healthcare company engaged in activities related to plasma-derived products and diagnostic solutions. The group has four reportable segments: Biopharma, Diagnostic, Bio Supplies, and Others. The Biopharma segment focuses on products derived from human plasma for therapeutic use, while the Diagnostic segment includes the marketing of diagnostic testing equipment and reagents. The Bio Supplies segment covers biological products for non-therapeutic use and plasma sales to third parties, and the Others segment includes manufacturing services, research activities, and complementary pharmaceutical products.
84GF Score
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