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Value-Holdings International AGHAM:NW4 37 ROC (Joel Greenblatt) % is 969.83% as of Dec. 2025, which is 11% above its 10-year median of 875.47. GuruFocus rates HAM:NW4 with a GF Score™ of 37/100. The stock has 3 warning signs investors should review. Among 628 Asset Management companies, Value-Holdings International AG ranks better than 81.85% 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. Value-Holdings International AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 969.83%.
The historical rank and industry rank for Value-Holdings International AG's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:NW4'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2591.18 Med: 875.47 Max: 1686.67
Current: 969.83
During the past 13 years, Value-Holdings International AG's highest ROC (Joel Greenblatt) % was 1686.67%. The lowest was -2591.18%. And the median was 875.47%.
HAM:NW4's ROC (Joel Greenblatt) % is ranked better than 81.85% of 628
companies
in the Asset Management industry
Industry Median: 63.03
vs HAM:NW4: 969.83
Value-Holdings International AG (HAM:NW4) 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.
* 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.
Value-Holdings International AG ROC (Joel Greenblatt) % Chart
HAM:NW4 vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Value-Holdings International 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.
Value-Holdings International AG ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Value-Holdings International AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Value-Holdings International AG's ROC (Joel Greenblatt) % falls into.
Value-Holdings International 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. 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 969.83% mean?
Value-Holdings International AG (HAM:NW4) has a ROC (Joel Greenblatt) % of 969.83% 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 Value-Holdings International AG and its competitors. This is 11% above median its historical median of 875.47. According to the industry distribution chart, Value-Holdings International AG ranks #114 out of 628 companies in the Asset Management industry, placing it in the top 18.2%.
Is Value-Holdings International AG's ROC (Joel Greenblatt) % too high?
Value-Holdings International AG's current ROC (Joel Greenblatt) % of 969.83% is 11% above median its 10-year median of 875.47. The Asset Management industry median ROC (Joel Greenblatt) % is 63.03. Value-Holdings International AG's value of 969.83% is 1438.7% above this industry median. Based on the distribution chart, Value-Holdings International AG ranks #114 out of 628 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Value-Holdings International AG has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Value-Holdings International AG's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Value-Holdings International AG ranks #114 out of 628 companies for ROC (Joel Greenblatt) %. This places Value-Holdings International AG in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 63.03. Value-Holdings International AG's value of 969.83% is 1438.7% above this benchmark. While the company's 10-year median is 875.47 vs. the industry median of 63.03, Value-Holdings International 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 Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 63.03, based on 628 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. Value-Holdings International AG's current ROC (Joel Greenblatt) % of 969.83% is 1438.7% 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 Value-Holdings International AG and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Value-Holdings International AG's current ROC (Joel Greenblatt) % is 969.83%, which is 11% above median its own 10-year median of 875.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value-Holdings International AG stock overvalued right now?
Value-Holdings International AG (HAM:NW4) has a current ROC (Joel Greenblatt) % of 969.83%. The current ROC (Joel Greenblatt) % is 969.83%, which is 11% above median its 10-year median of 875.47 and 1438.7% above the Asset Management industry median of 63.03. Value-Holdings International AG's overall GF Score™ is 37/100 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 Value-Holdings International AG (HAM:NW4), the current ROC (Joel Greenblatt) % is 969.83% 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.
Value-Holdings International AG is an investment company and follows value-investing strategy. It is engaged in portfolio management and invests in unlisted companies in Germany and other European countries. The company invests in a portfolio of primarily mid-cap companies.
37GF Score
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