Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Lenzing AGHAM:LEN +1.64%56 ROC (Joel Greenblatt) % is 11.18% as of Mar. 2026, which is 96% above its 10-year median of 5.71. GuruFocus rates HAM:LEN with a GF Score™ of 56/100 and a GF Value™ of €31.44 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,059 Manufacturing - Apparel & Accessories companies, Lenzing AG ranks worse than 78.38% 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. Lenzing AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.18%.
The historical rank and industry rank for Lenzing AG's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:LEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.2 Med: 5.71 Max: 26
Current: -2.4
During the past 13 years, Lenzing AG's highest ROC (Joel Greenblatt) % was 26.00%. The lowest was -14.20%. And the median was 5.71%.
HAM:LEN's ROC (Joel Greenblatt) % is ranked worse than 78.38% of 1059
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.45
vs HAM:LEN: -2.40
Lenzing AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Lenzing AG (HAM:LEN) 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.
Lenzing AG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Lenzing 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:LEN vs AIN: ROC (Joel Greenblatt) % Comparison
For the Textile Manufacturing subindustry, Lenzing 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.
Lenzing AG ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lenzing AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lenzing 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 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 11.18% mean?
Lenzing AG (HAM:LEN) has a ROC (Joel Greenblatt) % of 11.18% 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 Lenzing AG and its competitors. This is 96% above median its historical median of 5.71. According to the industry distribution chart, Lenzing AG ranks #830 out of 1059 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 78.4%.
Is Lenzing AG's ROC (Joel Greenblatt) % too high?
Lenzing AG's current ROC (Joel Greenblatt) % of 11.18% is 96% above median its 10-year median of 5.71. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.45. Lenzing AG's value of 11.18% is 32.3% above this industry median. Based on the distribution chart, Lenzing AG ranks #830 out of 1059 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Lenzing AG has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lenzing AG's ROC (Joel Greenblatt) % compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Lenzing AG ranks #830 out of 1059 companies for ROC (Joel Greenblatt) %. This places Lenzing AG in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.45. Lenzing AG's value of 11.18% is 32.3% above this benchmark. While the company's 10-year median is 5.71 vs. the industry median of 8.45, Lenzing 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 a Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.45, based on 1,059 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. Lenzing AG's current ROC (Joel Greenblatt) % of 11.18% is 32.3% 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 Lenzing AG and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lenzing AG's current ROC (Joel Greenblatt) % is 11.18%, which is 96% above median its own 10-year median of 5.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lenzing AG stock overvalued right now?
Based on GuruFocus' analysis, Lenzing AG (HAM:LEN) is currently considered Modestly Undervalued. The stock's GF Value™ is €31.44, compared to a current price of €24.85 — trading 21% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.18%, which is 96% above median its 10-year median of 5.71 and 32.3% above the Manufacturing - Apparel & Accessories industry median of 8.45. Lenzing AG's overall GF Score™ is 56/100 with 3 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 Lenzing AG (HAM:LEN), the current ROC (Joel Greenblatt) % is 11.18% 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 Lenzing AG (HAM:LEN) Overvalued in 2026?
Based on GuruFocus' analysis, Lenzing AG stock appears to be undervalued.
The current stock price of €24.85 is trading 21% below its estimated GF Value™ of €31.44.
GuruFocus considers Lenzing AG to be Modestly Undervalued.
Key valuation signals for HAM:LEN:
ROC (Joel Greenblatt) %: 11.18% (96% above median its 10-year median of 5.71)
GF Value™: €31.44 vs. price of €24.85 (21% below fair value)
Industry Position: 32.3% above the Manufacturing - Apparel & Accessories median (#830 of 1059)
No single metric tells the full story. See the HAM:LEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lenzing AG manufactures and sells wood-based cellulose fibers and other chemical-based products. The company's segment includes The Division Fiber produces all three generations of wood-based cellulosic fibers and markets them under the product brands TENCEL, VEOCEL, LENZING ECOVERO, and LENZING. the products made from lyocell, modal, and viscose fibers are used for the production of textiles as well as nonwovens and special applications; The Division Pulp produces and procures dissolving pulp for fiber production. The pulp is used for the company's own cellulosic fiber production and marketed externally; and Others include central headquarters functions. It derives a majority of its revenue from the Division fiber segment. It derives maximum revenue from Division Fiber Segment.
56GF Score
Get the complete analysis for HAM:LEN
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:LEN has been successfully added to your 
