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Lewis GroupJSE:LEW -1.31%92 ROC (Joel Greenblatt) % is 24.50% as of Mar. 2026, which is 71% above its 10-year median of 14.29. GuruFocus rates JSE:LEW with a GF Score™ of 92/100 and a GF Value™ of R84.09 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,125 Retail - Cyclical companies, Lewis Group ranks better than 67.02% 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. Lewis Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.50%.
The historical rank and industry rank for Lewis Group's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:LEW'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.64 Med: 14.29 Max: 21.77
Current: 21.4
During the past 13 years, Lewis Group's highest ROC (Joel Greenblatt) % was 21.77%. The lowest was 9.64%. And the median was 14.29%.
JSE:LEW's ROC (Joel Greenblatt) % is ranked better than 67.02% of 1125
companies
in the Retail - Cyclical industry
Industry Median: 11.57
vs JSE:LEW: 21.40
Lewis Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.40% per year.
Lewis Group (JSE:LEW) 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.
Lewis Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Lewis 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:LEW vs CASY, WSM, DKS: ROC (Joel Greenblatt) % Comparison
For the Specialty Retail subindustry, Lewis 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.
Lewis Group ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Lewis Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lewis 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 (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 24.50% mean?
Lewis Group (JSE:LEW) has a ROC (Joel Greenblatt) % of 24.50% 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 Lewis Group and its competitors. This is 71% above median its historical median of 14.29. Over the past decade, Lewis Group's ROC (Joel Greenblatt) % has ranged from 9.64 to 21.77. According to the industry distribution chart, Lewis Group ranks #371 out of 1125 companies in the Retail - Cyclical industry, placing it in the top 33%.
Is Lewis Group's ROC (Joel Greenblatt) % too high?
Lewis Group's current ROC (Joel Greenblatt) % of 24.50% is 71% above median its 10-year median of 14.29. Over the past 10 years, this metric has ranged from a low of 9.64 to a high of 21.77. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.57. Lewis Group's value of 24.50% is 111.8% above this industry median. Based on the distribution chart, Lewis Group ranks #371 out of 1125 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Lewis Group has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lewis Group's ROC (Joel Greenblatt) % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Lewis Group ranks #371 out of 1125 companies for ROC (Joel Greenblatt) %. This puts Lewis Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.57. Lewis Group's value of 24.50% is 111.8% above this benchmark. Historically, Lewis Group's own ROC (Joel Greenblatt) % has ranged from 9.64 to 21.77 over the past decade. While the company's 10-year median is 14.29 vs. the industry median of 11.57, Lewis 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.57, based on 1,125 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. Lewis Group's current ROC (Joel Greenblatt) % of 24.50% is 111.8% 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 Lewis Group and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lewis Group's current ROC (Joel Greenblatt) % is 24.50%, which is 71% above median its own 10-year median of 14.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lewis Group stock overvalued right now?
Based on GuruFocus' analysis, Lewis Group (JSE:LEW) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.09, compared to a current price of R97.12 — trading 15.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.50%, which is 71% above median its 10-year median of 14.29 and 111.8% above the Retail - Cyclical industry median of 11.57. Lewis Group's overall GF Score™ is 92/100 with 6 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 Lewis Group (JSE:LEW), the current ROC (Joel Greenblatt) % is 24.50% 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 Lewis Group (JSE:LEW) Overvalued in 2026?
Based on GuruFocus' analysis, Lewis Group stock appears to be overvalued.
The current stock price of R97.12 is trading 15.5% above its estimated GF Value™ of R84.09.
GuruFocus considers Lewis Group to be Modestly Overvalued.
Key valuation signals for JSE:LEW:
ROC (Joel Greenblatt) %: 24.50% (71% above median its 10-year median of 14.29)
GF Value™: R84.09 vs. price of R97.12 (15.5% above fair value)
Industry Position: 111.8% above the Retail - Cyclical median (#371 of 1125)
No single metric tells the full story. See the JSE:LEW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lewis Group Ltd is a South Africa-based retailer of household furniture and electrical appliances through its three trading brands, Lewis, Beares, and Best Home and Electric. Lewis sells a range of household furniture, electrical appliances, and home electronics to customers in the LSM 4 to 7 categories. Best Home and Electric is a retailer of electrical appliances, sound and vision equipment, and furniture, targeting LSM four to seven customers. Its operating segments are Traditional retail and Cash retail. The company generates majority of the revenue from Traditional retail segment. Beares is a retailer of upmarket furniture, electrical appliances, and home electronics to customers in the LSM 6 to 9 categories.
92GF Score
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