Bidvest GroupJSE:BVT -1.61%81 ROC (Joel Greenblatt) % is 34.22% as of Dec. 2025, which is 34% below its 10-year median of 51.58. GuruFocus rates JSE:BVT with a GF Score™ of 81/100 and a GF Value™ of R280.91 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 562 Conglomerates companies, Bidvest Group ranks better than 70.64% 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. Bidvest Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 34.22%.
The historical rank and industry rank for Bidvest Group's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:BVT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.92 Med: 51.58 Max: 60.43
Current: 30.23
During the past 13 years, Bidvest Group's highest ROC (Joel Greenblatt) % was 60.43%. The lowest was 18.92%. And the median was 51.58%.
JSE:BVT's ROC (Joel Greenblatt) % is ranked better than 70.64% of 562
companies
in the Conglomerates industry
Industry Median: 14.73
vs JSE:BVT: 30.23
Bidvest Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 14.00% per year.
Bidvest Group (JSE:BVT) 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.
Bidvest Group ROC (Joel Greenblatt) % Related Terms
Bidvest Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Bidvest Group'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.
JSE:BVT vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Bidvest Group'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.
Bidvest Group ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Bidvest Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bidvest Group'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 34.22% mean?
Bidvest Group (JSE:BVT) has a ROC (Joel Greenblatt) % of 34.22% 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 Bidvest Group and its competitors. This is 34% below median its historical median of 51.58. Over the past decade, Bidvest Group's ROC (Joel Greenblatt) % has ranged from 18.92 to 60.43. According to the industry distribution chart, Bidvest Group ranks #165 out of 562 companies in the Conglomerates industry, placing it in the top 29.4%.
Is Bidvest Group's ROC (Joel Greenblatt) % too high?
Bidvest Group's current ROC (Joel Greenblatt) % of 34.22% is 34% below median its 10-year median of 51.58. Over the past 10 years, this metric has ranged from a low of 18.92 to a high of 60.43. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.73. Bidvest Group's value of 34.22% is 132.3% above this industry median. Based on the distribution chart, Bidvest Group ranks #165 out of 562 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Bidvest Group has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bidvest Group's ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Bidvest Group ranks #165 out of 562 companies for ROC (Joel Greenblatt) %. This puts Bidvest Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 14.73. Bidvest Group's value of 34.22% is 132.3% above this benchmark. Historically, Bidvest Group's own ROC (Joel Greenblatt) % has ranged from 18.92 to 60.43 over the past decade. While the company's 10-year median is 51.58 vs. the industry median of 14.73, Bidvest Group 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.73, based on 562 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. Bidvest Group's current ROC (Joel Greenblatt) % of 34.22% is 132.3% 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 Bidvest Group and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bidvest Group's current ROC (Joel Greenblatt) % is 34.22%, which is 34% below median its own 10-year median of 51.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bidvest Group stock overvalued right now?
Based on GuruFocus' analysis, Bidvest Group (JSE:BVT) is currently considered Modestly Undervalued. The stock's GF Value™ is R280.91, compared to a current price of R236.05 — trading 16% below its estimated fair value. The current ROC (Joel Greenblatt) % is 34.22%, which is 34% below median its 10-year median of 51.58 and 132.3% above the Conglomerates industry median of 14.73. Bidvest Group's overall GF Score™ is 81/100 with 4 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 Bidvest Group (JSE:BVT), the current ROC (Joel Greenblatt) % is 34.22% 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 Bidvest Group (JSE:BVT) Overvalued in 2026?
Based on GuruFocus' analysis, Bidvest Group stock appears to be undervalued.
The current stock price of R236.05 is trading 16% below its estimated GF Value™ of R280.91.
GuruFocus considers Bidvest Group to be Modestly Undervalued.
Key valuation signals for JSE:BVT:
ROC (Joel Greenblatt) %: 34.22% (34% below median its 10-year median of 51.58)
GF Value™: R280.91 vs. price of R236.05 (16% below fair value)
Industry Position: 132.3% above the Conglomerates median (#165 of 562)
No single metric tells the full story. See the JSE:BVT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bidvest Group Ltd is a diversified business-to-business services, trading, and distribution company. Its diverse portfolio operates in two segments: Business services and Trading and distribution, through six divisions and a majority-owned subsidiary, Adcock Ingram. The company principally generates revenue from providing a wide range of goods and services through its eight core trading segments, Services South Africa, Services International, Freight, Commercial Products, Branded Products, Adcock Ingram and Automotive. Geographically, it derives the majority of revenue from South Africa.
81GF Score
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