Coronation Fund ManagersJSE:CML +0.49%72 ROC (Joel Greenblatt) % is 1,301.61% as of Mar. 2026, which is 59% below its 10-year median of 3,141.36. GuruFocus rates JSE:CML with a GF Score™ of 72/100 and a GF Value™ of R41.99 (Fairly Valued). The stock has 5 warning signs investors should review. Among 627 Asset Management companies, Coronation Fund Managers ranks better than 87.56% 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. Coronation Fund Managers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,301.61%.
The historical rank and industry rank for Coronation Fund Managers's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:CML'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1843.56 Med: 3141.36 Max: 9678.05
Current: 1843.56
During the past 13 years, Coronation Fund Managers's highest ROC (Joel Greenblatt) % was 9678.05%. The lowest was 1843.56%. And the median was 3141.36%.
JSE:CML's ROC (Joel Greenblatt) % is ranked better than 87.56% of 627
companies
in the Asset Management industry
Industry Median: 63.97
vs JSE:CML: 1843.56
Coronation Fund Managers's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -6.20% per year.
Coronation Fund Managers (JSE:CML) 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.
Coronation Fund Managers ROC (Joel Greenblatt) % Related Terms
Coronation Fund Managers ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Coronation Fund Managers'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.
Coronation Fund Managers ROC (Joel Greenblatt) % Chart
JSE:CML vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Coronation Fund Managers'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.
Coronation Fund Managers ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Coronation Fund Managers's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Coronation Fund Managers's ROC (Joel Greenblatt) % falls into.
Coronation Fund Managers 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 two times the semi-annual (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 1,301.61% mean?
Coronation Fund Managers (JSE:CML) has a ROC (Joel Greenblatt) % of 1,301.61% 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 Coronation Fund Managers and its competitors. This is 59% below median its historical median of 3,141.36. Over the past decade, Coronation Fund Managers' ROC (Joel Greenblatt) % has ranged from 1,843.56 to 9,678.05. According to the industry distribution chart, Coronation Fund Managers ranks #78 out of 627 companies in the Asset Management industry, placing it in the top 12.4%.
Is Coronation Fund Managers' ROC (Joel Greenblatt) % too high?
Coronation Fund Managers' current ROC (Joel Greenblatt) % of 1,301.61% is 59% below median its 10-year median of 3,141.36. Over the past 10 years, this metric has ranged from a low of 1,843.56 to a high of 9,678.05. The Asset Management industry median ROC (Joel Greenblatt) % is 63.97. Coronation Fund Managers' value of 1,301.61% is 1934.7% above this industry median. Based on the distribution chart, Coronation Fund Managers ranks #78 out of 627 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Coronation Fund Managers has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coronation Fund Managers' ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Coronation Fund Managers ranks #78 out of 627 companies for ROC (Joel Greenblatt) %. This places Coronation Fund Managers in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 63.97. Coronation Fund Managers' value of 1,301.61% is 1934.7% above this benchmark. Historically, Coronation Fund Managers' own ROC (Joel Greenblatt) % has ranged from 1,843.56 to 9,678.05 over the past decade. While the company's 10-year median is 3,141.36 vs. the industry median of 63.97, Coronation Fund Managers 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 63.97, based on 627 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. Coronation Fund Managers's current ROC (Joel Greenblatt) % of 1,301.61% is 1934.7% 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 Coronation Fund Managers and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coronation Fund Managers's current ROC (Joel Greenblatt) % is 1,301.61%, which is 59% below median its own 10-year median of 3,141.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coronation Fund Managers stock overvalued right now?
Based on GuruFocus' analysis, Coronation Fund Managers (JSE:CML) is currently considered Fairly Valued. The stock's GF Value™ is R41.99, compared to a current price of R40.90 — trading 2.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1,301.61%, which is 59% below median its 10-year median of 3,141.36 and 1934.7% above the Asset Management industry median of 63.97. Coronation Fund Managers' overall GF Score™ is 72/100 with 5 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 Coronation Fund Managers (JSE:CML), the current ROC (Joel Greenblatt) % is 1,301.61% 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 Coronation Fund Managers (JSE:CML) Overvalued in 2026?
Based on GuruFocus' analysis, Coronation Fund Managers stock appears to be undervalued.
The current stock price of R40.90 is trading 2.6% below its estimated GF Value™ of R41.99.
GuruFocus considers Coronation Fund Managers to be Fairly Valued.
Key valuation signals for JSE:CML:
ROC (Joel Greenblatt) %: 1,301.61% (59% below median its 10-year median of 3,141.36)
GF Value™: R41.99 vs. price of R40.90 (2.6% below fair value)
Industry Position: 1934.7% above the Asset Management median (#78 of 627)
No single metric tells the full story. See the JSE:CML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.
72GF Score
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