Lechwerke AGHAM:LEC -0.75%57 ROC (Joel Greenblatt) % is 83.45% as of Dec. 2025, which is 46% above its 10-year median of 57.16. GuruFocus rates HAM:LEC with a GF Score™ of 57/100 and a GF Value™ of €45.18 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 506 Utilities - Regulated companies, Lechwerke AG ranks better than 90.91% 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. Lechwerke AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 83.45%.
The historical rank and industry rank for Lechwerke AG's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:LEC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 24.55 Med: 57.16 Max: 107.19
Current: 79.74
During the past 13 years, Lechwerke AG's highest ROC (Joel Greenblatt) % was 107.19%. The lowest was 24.55%. And the median was 57.16%.
HAM:LEC's ROC (Joel Greenblatt) % is ranked better than 90.91% of 506
companies
in the Utilities - Regulated industry
Industry Median: 10.845
vs HAM:LEC: 79.74
Lechwerke AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.70% per year.
Lechwerke AG (HAM:LEC) 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.
Lechwerke AG ROC (Joel Greenblatt) % Related Terms
Lechwerke AG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Lechwerke 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.
HAM:LEC vs SRE, AES: ROC (Joel Greenblatt) % Comparison
For the Utilities - Diversified subindustry, Lechwerke 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.
Lechwerke AG ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Lechwerke AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lechwerke AG'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 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 83.45% mean?
Lechwerke AG (HAM:LEC) has a ROC (Joel Greenblatt) % of 83.45% 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 Lechwerke AG and its competitors. This is 46% above median its historical median of 57.16. Over the past decade, Lechwerke AG's ROC (Joel Greenblatt) % has ranged from 24.55 to 107.19. According to the industry distribution chart, Lechwerke AG ranks #46 out of 506 companies in the Utilities - Regulated industry, placing it in the top 9.1%.
Is Lechwerke AG's ROC (Joel Greenblatt) % too high?
Lechwerke AG's current ROC (Joel Greenblatt) % of 83.45% is 46% above median its 10-year median of 57.16. Over the past 10 years, this metric has ranged from a low of 24.55 to a high of 107.19. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.85. Lechwerke AG's value of 83.45% is 669.5% above this industry median. Based on the distribution chart, Lechwerke AG ranks #46 out of 506 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Lechwerke AG has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lechwerke AG's ROC (Joel Greenblatt) % compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Lechwerke AG ranks #46 out of 506 companies for ROC (Joel Greenblatt) %. This places Lechwerke AG in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.85. Lechwerke AG's value of 83.45% is 669.5% above this benchmark. Historically, Lechwerke AG's own ROC (Joel Greenblatt) % has ranged from 24.55 to 107.19 over the past decade. While the company's 10-year median is 57.16 vs. the industry median of 10.85, Lechwerke AG 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 Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.85, based on 506 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. Lechwerke AG's current ROC (Joel Greenblatt) % of 83.45% is 669.5% 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 Lechwerke AG and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lechwerke AG's current ROC (Joel Greenblatt) % is 83.45%, which is 46% above median its own 10-year median of 57.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lechwerke AG stock overvalued right now?
Based on GuruFocus' analysis, Lechwerke AG (HAM:LEC) is currently considered Significantly Overvalued. The stock's GF Value™ is €45.18, compared to a current price of €66.00 — trading 46.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 83.45%, which is 46% above median its 10-year median of 57.16 and 669.5% above the Utilities - Regulated industry median of 10.85. Lechwerke AG's overall GF Score™ is 57/100 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 Lechwerke AG (HAM:LEC), the current ROC (Joel Greenblatt) % is 83.45% 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 Lechwerke AG (HAM:LEC) Overvalued in 2026?
Based on GuruFocus' analysis, Lechwerke AG stock appears to be overvalued.
The current stock price of €66.00 is trading 46.1% above its estimated GF Value™ of €45.18.
GuruFocus considers Lechwerke AG to be Significantly Overvalued.
Key valuation signals for HAM:LEC:
ROC (Joel Greenblatt) %: 83.45% (46% above median its 10-year median of 57.16)
GF Value™: €45.18 vs. price of €66.00 (46.1% above fair value)
Industry Position: 669.5% above the Utilities - Regulated median (#46 of 506)
No single metric tells the full story. See the HAM:LEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lechwerke AG is a regional energy supplier in Bavaria and parts of Baden-Wurttemberg. The company offers both electricity and gas products as well as all energy-related services such as contracting, energy certificates and energy controlling. The company also works in the field of street lighting as well as the development and implementation of energy efficiency projects and comprehensive energy concepts.
57GF Score
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