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Arbitrage Investment AGHAM:L1AK 20 ROC (Joel Greenblatt) % is -49.39% as of Dec. 2024. GuruFocus rates HAM:L1AK with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 616 Asset Management companies, Arbitrage Investment AG ranks worse than 76.46% 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. Arbitrage Investment AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -49.39%.
The historical rank and industry rank for Arbitrage Investment AG's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:L1AK'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -479.25 Med: -56.45 Max: 2344.44
Current: -49.39
During the past 13 years, Arbitrage Investment AG's highest ROC (Joel Greenblatt) % was 2344.44%. The lowest was -479.25%. And the median was -56.45%.
HAM:L1AK's ROC (Joel Greenblatt) % is ranked worse than 76.46% of 616
companies
in the Asset Management industry
Industry Median: 61.475
vs HAM:L1AK: -49.39
Arbitrage Investment AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -3.60% per year.
Arbitrage Investment AG (HAM:L1AK) 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.
Arbitrage Investment AG ROC (Joel Greenblatt) % Related Terms
Arbitrage Investment AG ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Arbitrage Investment AG'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.
Arbitrage Investment AG ROC (Joel Greenblatt) % Chart
HAM:L1AK vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Arbitrage Investment AG'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.
Arbitrage Investment AG ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Arbitrage Investment AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Arbitrage Investment AG's ROC (Joel Greenblatt) % falls into.
Arbitrage Investment AG 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 one times the annual (Dec. 2024) 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 -49.39% mean?
Arbitrage Investment AG (HAM:L1AK) has a ROC (Joel Greenblatt) % of -49.39% as of Dec. 2024. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Arbitrage Investment AG and its competitors. According to the industry distribution chart, Arbitrage Investment AG ranks #471 out of 616 companies in the Asset Management industry, placing it in the top 76.5%.
Is Arbitrage Investment AG's ROC (Joel Greenblatt) % too high?
Arbitrage Investment AG's current ROC (Joel Greenblatt) % is -49.39%. Based on the distribution chart, Arbitrage Investment AG ranks #471 out of 616 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Arbitrage Investment AG has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Arbitrage Investment AG's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Arbitrage Investment AG ranks #471 out of 616 companies for ROC (Joel Greenblatt) %. This places Arbitrage Investment AG in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 61.48. 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 Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 61.48, based on 616 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. 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 Arbitrage Investment AG and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 61.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arbitrage Investment AG's current ROC (Joel Greenblatt) % is -49.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arbitrage Investment AG stock overvalued right now?
Arbitrage Investment AG (HAM:L1AK) has a current ROC (Joel Greenblatt) % of -49.39%. The current ROC (Joel Greenblatt) % is -49.39%. Arbitrage Investment AG's overall GF Score™ is 20/100 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 Arbitrage Investment AG (HAM:L1AK), the current ROC (Joel Greenblatt) % is -49.39% as of Dec. 2024. 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.
Arbitrage Investment AG is a diversified investment and holding company that operates a wide range of business activities through its subsidiaries. Its investment focuses on identifying and supporting companies in long-term growth areas that drive innovation, with a particular focus on minimizing risks through arbitrage. The company is active in various sectors, including investment management, investment management, real estate leasing, fintech solutions, renewable energy, pharmaceutical publishing, biotechnology, over-the-counter (OTC) drugs, medical technology, medical equipment and consumables, in-vitro diagnostics, wearables, the Internet of Medical Things (IoMT), as well as recycling and reuse (second life) of electronic components, medical technology, consumer electronics.
20GF Score
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