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Heidelberger Druckmaschinen AGHBGRF 65 ROC (Joel Greenblatt) % is 4.76% as of Mar. 2026, which is 48% below its 10-year median of 9.08. GuruFocus rates HBGRF with a GF Score™ of 65/100 and a GF Value™ of $1.42 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 3,061 Industrial Products companies, Heidelberger Druckmaschinen AG ranks worse than 56.78% 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. Heidelberger Druckmaschinen AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.76%.
The historical rank and industry rank for Heidelberger Druckmaschinen AG's ROC (Joel Greenblatt) % or its related term are showing as below:
HBGRF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -26.46 Med: 9.08 Max: 16.4
Current: 8.75
During the past 13 years, Heidelberger Druckmaschinen AG's highest ROC (Joel Greenblatt) % was 16.40%. The lowest was -26.46%. And the median was 9.08%.
HBGRF's ROC (Joel Greenblatt) % is ranked worse than 56.78% of 3061
companies
in the Industrial Products industry
Industry Median: 11.69
vs HBGRF: 8.75
Heidelberger Druckmaschinen AG (OTCPK:HBGRF) 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.
Heidelberger Druckmaschinen AG ROC (Joel Greenblatt) % Chart
HBGRF vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Heidelberger Druckmaschinen 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.
Heidelberger Druckmaschinen AG ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Heidelberger Druckmaschinen AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Heidelberger Druckmaschinen AG's ROC (Joel Greenblatt) % falls into.
Heidelberger Druckmaschinen 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 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 4.76% mean?
Heidelberger Druckmaschinen AG (HBGRF) has a ROC (Joel Greenblatt) % of 4.76% 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 Heidelberger Druckmaschinen AG and its competitors. This is 48% below median its historical median of 9.08. According to the industry distribution chart, Heidelberger Druckmaschinen AG ranks #1738 out of 3061 companies in the Industrial Products industry, placing it in the top 56.8%.
Is Heidelberger Druckmaschinen AG's ROC (Joel Greenblatt) % too high?
Heidelberger Druckmaschinen AG's current ROC (Joel Greenblatt) % of 4.76% is 48% below median its 10-year median of 9.08. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.69. Heidelberger Druckmaschinen AG's value of 4.76% is 59.3% below this industry median. Based on the distribution chart, Heidelberger Druckmaschinen AG ranks #1738 out of 3061 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Heidelberger Druckmaschinen AG has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heidelberger Druckmaschinen AG's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Heidelberger Druckmaschinen AG ranks #1738 out of 3061 companies for ROC (Joel Greenblatt) %. This places Heidelberger Druckmaschinen AG in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.69. Heidelberger Druckmaschinen AG's value of 4.76% is 59.3% below this benchmark. While the company's 10-year median is 9.08 vs. the industry median of 11.69, Heidelberger Druckmaschinen AG has consistently been below 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.69, based on 3,061 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. Heidelberger Druckmaschinen AG's current ROC (Joel Greenblatt) % of 4.76% is 59.3% below 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 Heidelberger Druckmaschinen AG and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heidelberger Druckmaschinen AG's current ROC (Joel Greenblatt) % is 4.76%, which is 48% below median its own 10-year median of 9.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heidelberger Druckmaschinen AG stock overvalued right now?
Based on GuruFocus' analysis, Heidelberger Druckmaschinen AG (HBGRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.42, compared to a current price of $1.70 — trading 19.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.76%, which is 48% below median its 10-year median of 9.08 and 59.3% below the Industrial Products industry median of 11.69. Heidelberger Druckmaschinen AG's overall GF Score™ is 65/100 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 Heidelberger Druckmaschinen AG (HBGRF), the current ROC (Joel Greenblatt) % is 4.76% 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 Heidelberger Druckmaschinen AG (HBGRF) Overvalued in 2026?
Based on GuruFocus' analysis, Heidelberger Druckmaschinen AG stock appears to be overvalued.
The current stock price of $1.70 is trading 19.7% above its estimated GF Value™ of $1.42.
GuruFocus considers Heidelberger Druckmaschinen AG to be Modestly Overvalued.
Key valuation signals for HBGRF:
ROC (Joel Greenblatt) %: 4.76% (48% below median its 10-year median of 9.08)
GF Value™: $1.42 vs. price of $1.70 (19.7% above fair value)
Industry Position: 59.3% below the Industrial Products median (#1738 of 3061)
No single metric tells the full story. See the HBGRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heidelberger Druckmaschinen AG Business Description
Heidelberger Druckmaschinen AG is a technology company with a position in the printing industry and an increasing focus on other high-tech sectors. The Company leverages its expertise in high-precision plants, integrated control systems, software, power electronics, automation technology, and robotics, supported by a sales and service network. Its operations are organized into the Print & Packaging Equipment, Digital Solutions & Lifecycle, and HEIDELBERG Technology segments, with the Print & Packaging Equipment segment generating maximum revenue through offset, flexographic, and postpress solutions for the packaging and commercial printing sectors. The Company operates across the EMEA, Asia Pacific, and Americas regions.
65GF Score
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