Electronic ArtsHAM:ERT -0.55%90 ROC (Joel Greenblatt) % is 391.58% as of Mar. 2026, which is 46% above its 10-year median of 268.81. GuruFocus rates HAM:ERT with a GF Score™ of 90/100 and a GF Value™ of €140.11. The stock has 4 warning signs investors should review. Among 549 Interactive Media companies, Electronic Arts ranks better than 77.23% 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. Electronic Arts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 391.58%.
The historical rank and industry rank for Electronic Arts's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:ERT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 204.95 Med: 268.81 Max: 346.04
Current: 204.95
During the past 13 years, Electronic Arts's highest ROC (Joel Greenblatt) % was 346.04%. The lowest was 204.95%. And the median was 268.81%.
HAM:ERT's ROC (Joel Greenblatt) % is ranked better than 77.23% of 549
companies
in the Interactive Media industry
Industry Median: 20.1
vs HAM:ERT: 204.95
Electronic Arts's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.40% per year.
Electronic Arts (HAM:ERT) 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.
Electronic Arts ROC (Joel Greenblatt) % Related Terms
Electronic Arts ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Electronic Arts'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.
HAM:ERT vs TTWO, RBLX, NTES: ROC (Joel Greenblatt) % Comparison
For the Electronic Gaming & Multimedia subindustry, Electronic Arts'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.
Electronic Arts ROC (Joel Greenblatt) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Electronic Arts's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Electronic Arts's ROC (Joel Greenblatt) % falls into.
Electronic Arts 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 391.58% mean?
Electronic Arts (HAM:ERT) has a ROC (Joel Greenblatt) % of 391.58% 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 Electronic Arts and its competitors. This is 46% above median its historical median of 268.81. Over the past decade, Electronic Arts' ROC (Joel Greenblatt) % has ranged from 204.95 to 346.04. According to the industry distribution chart, Electronic Arts ranks #125 out of 549 companies in the Interactive Media industry, placing it in the top 22.8%.
Is Electronic Arts' ROC (Joel Greenblatt) % too high?
Electronic Arts' current ROC (Joel Greenblatt) % of 391.58% is 46% above median its 10-year median of 268.81. Over the past 10 years, this metric has ranged from a low of 204.95 to a high of 346.04. The Interactive Media industry median ROC (Joel Greenblatt) % is 20.10. Electronic Arts' value of 391.58% is 1848.2% above this industry median. Based on the distribution chart, Electronic Arts ranks #125 out of 549 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Electronic Arts has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Electronic Arts' ROC (Joel Greenblatt) % compare to TTWO and RBLX?
According to the Interactive Media industry distribution chart, Electronic Arts ranks #125 out of 549 companies for ROC (Joel Greenblatt) %. This places Electronic Arts in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.10. Electronic Arts' value of 391.58% is 1848.2% above this benchmark. Historically, Electronic Arts' own ROC (Joel Greenblatt) % has ranged from 204.95 to 346.04 over the past decade. While the company's 10-year median is 268.81 vs. the industry median of 20.10, Electronic Arts 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 an Interactive Media company?
The median ROC (Joel Greenblatt) % among Interactive Media companies is 20.10, based on 549 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. Electronic Arts's current ROC (Joel Greenblatt) % of 391.58% is 1848.2% 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 Electronic Arts and its competitors. For the Interactive Media industry, the median ROC (Joel Greenblatt) % is 20.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electronic Arts's current ROC (Joel Greenblatt) % is 391.58%, which is 46% above median its own 10-year median of 268.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electronic Arts stock overvalued right now?
Electronic Arts (HAM:ERT) has a current ROC (Joel Greenblatt) % of 391.58%. The stock's GF Value™ is €140.11, compared to a current price of €179.50 — trading 28.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 391.58%, which is 46% above median its 10-year median of 268.81 and 1848.2% above the Interactive Media industry median of 20.10. Electronic Arts' overall GF Score™ is 90/100 with 4 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 Electronic Arts (HAM:ERT), the current ROC (Joel Greenblatt) % is 391.58% 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 Electronic Arts (HAM:ERT) Overvalued in 2026?
Based on GuruFocus' analysis, Electronic Arts stock appears to be overvalued.
The current stock price of €179.50 is trading 28.1% above its estimated GF Value™ of €140.11.
Key valuation signals for HAM:ERT:
ROC (Joel Greenblatt) %: 391.58% (46% above median its 10-year median of 268.81)
GF Value™: €140.11 vs. price of €179.50 (28.1% above fair value)
Industry Position: 1848.2% above the Interactive Media median (#125 of 549)
No single metric tells the full story. See the HAM:ERT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Electronic Arts is one of the largest global developers and publishers of video games. Its most important franchises are the Madden NFL and FC soccer games, which it releases annually. In 2024, it also relaunched its American college football game. Other major franchises include Apex Legends, Battlefield, and The Sims. Typically, about three-quarters of the firm's sales are from in-game spending, with the remainder coming from initial game sales.
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