Procter & Gamble CoHAM:PRG -2.01%83 ROC (Joel Greenblatt) % is 85.53% as of Mar. 2026, which is 5% above its 10-year median of 81.59. GuruFocus rates HAM:PRG with a GF Score™ of 83/100 and a GF Value™ of €145.19 (Modestly Undervalued). Among 1,970 Consumer Packaged Goods companies, Procter & Gamble Co ranks better than 94.92% 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. Procter & Gamble Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 85.53%.
The historical rank and industry rank for Procter & Gamble Co's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:PRG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 31.42 Med: 81.59 Max: 91.53
Current: 91.05
During the past 13 years, Procter & Gamble Co's highest ROC (Joel Greenblatt) % was 91.53%. The lowest was 31.42%. And the median was 81.59%.
HAM:PRG's ROC (Joel Greenblatt) % is ranked better than 94.92% of 1970
companies
in the Consumer Packaged Goods industry
Industry Median: 11.985
vs HAM:PRG: 91.05
Procter & Gamble Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.90% per year.
Procter & Gamble Co (HAM:PRG) 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.
Procter & Gamble Co ROC (Joel Greenblatt) % Related Terms
Procter & Gamble Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Procter & Gamble Co'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:PRG vs CL, KVUE, KMB: ROC (Joel Greenblatt) % Comparison
For the Household & Personal Products subindustry, Procter & Gamble Co'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.
Procter & Gamble Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Procter & Gamble Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Procter & Gamble Co's ROC (Joel Greenblatt) % falls into.
Procter & Gamble Co 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 85.53% mean?
Procter & Gamble Co (HAM:PRG) has a ROC (Joel Greenblatt) % of 85.53% 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 Procter & Gamble Co and its competitors. This is near median its historical median of 81.59. Over the past decade, Procter & Gamble Co's ROC (Joel Greenblatt) % has ranged from 31.42 to 91.53. According to the industry distribution chart, Procter & Gamble Co ranks #100 out of 1970 companies in the Consumer Packaged Goods industry, placing it in the top 5.1%.
Is Procter & Gamble Co's ROC (Joel Greenblatt) % too high?
Procter & Gamble Co's current ROC (Joel Greenblatt) % of 85.53% is near median its 10-year median of 81.59. Over the past 10 years, this metric has ranged from a low of 31.42 to a high of 91.53. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Procter & Gamble Co's value of 85.53% is 613.6% above this industry median. Based on the distribution chart, Procter & Gamble Co ranks #100 out of 1970 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Procter & Gamble Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Procter & Gamble Co's ROC (Joel Greenblatt) % compare to CL and KVUE?
According to the Consumer Packaged Goods industry distribution chart, Procter & Gamble Co ranks #100 out of 1970 companies for ROC (Joel Greenblatt) %. This places Procter & Gamble Co in the top 5% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Procter & Gamble Co's value of 85.53% is 613.6% above this benchmark. Historically, Procter & Gamble Co's own ROC (Joel Greenblatt) % has ranged from 31.42 to 91.53 over the past decade. While the company's 10-year median is 81.59 vs. the industry median of 11.99, Procter & Gamble Co 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,970 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. Procter & Gamble Co's current ROC (Joel Greenblatt) % of 85.53% is 613.6% 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 Procter & Gamble Co and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Procter & Gamble Co's current ROC (Joel Greenblatt) % is 85.53%, which is near median its own 10-year median of 81.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Procter & Gamble Co stock overvalued right now?
Based on GuruFocus' analysis, Procter & Gamble Co (HAM:PRG) is currently considered Modestly Undervalued. The stock's GF Value™ is €145.19, compared to a current price of €133.32 — trading 8.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 85.53%, which is near median its 10-year median of 81.59 and 613.6% above the Consumer Packaged Goods industry median of 11.99. Procter & Gamble Co's overall GF Score™ is 83/100. 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 Procter & Gamble Co (HAM:PRG), the current ROC (Joel Greenblatt) % is 85.53% 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 Procter & Gamble Co (HAM:PRG) Overvalued in 2026?
Based on GuruFocus' analysis, Procter & Gamble Co stock appears to be undervalued.
The current stock price of €133.32 is trading 8.2% below its estimated GF Value™ of €145.19.
GuruFocus considers Procter & Gamble Co to be Modestly Undervalued.
Key valuation signals for HAM:PRG:
ROC (Joel Greenblatt) %: 85.53% (near median its 10-year median of 81.59)
GF Value™: €145.19 vs. price of €133.32 (8.2% below fair value)
Industry Position: 613.6% above the Consumer Packaged Goods median (#100 of 1970)
No single metric tells the full story. See the HAM:PRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, with annual sales of nearly $85 billion. It operates with a lineup of leading brands, including more than 20 that generate annual global sales of more than $1 billion each, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. Sales outside its home turf represent just more than half of the firm's consolidated total.
83GF Score
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