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JseJSEJF 74 ROC (Joel Greenblatt) % is 1,508.45% as of Dec. 2025, which is 18% below its 10-year median of 1,832.63. GuruFocus rates JSEJF with a GF Score™ of 74/100 and a GF Value™ of $7.78 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 678 Capital Markets companies, Jse ranks better than 94.4% 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. Jse's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1,508.45%.
The historical rank and industry rank for Jse's ROC (Joel Greenblatt) % or its related term are showing as below:
JSEJF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 902.08 Med: 1832.63 Max: 2435.52
Current: 1481.24
During the past 13 years, Jse's highest ROC (Joel Greenblatt) % was 2435.52%. The lowest was 902.08%. And the median was 1832.63%.
JSEJF's ROC (Joel Greenblatt) % is ranked better than 94.4% of 678
companies
in the Capital Markets industry
Industry Median: 34.64
vs JSEJF: 1481.24
Jse's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 19.20% per year.
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.
The historical data trend for Jse'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.
JSEJF vs SPGI, CME, MCO: ROC (Joel Greenblatt) % Comparison
For the Financial Data & Stock Exchanges subindustry, Jse'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.
Jse ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jse's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jse'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 1,508.45% mean?
Jse (JSEJF) has a ROC (Joel Greenblatt) % of 1,508.45% 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 Jse and its competitors. This is 18% below median its historical median of 1,832.63. Over the past decade, Jse's ROC (Joel Greenblatt) % has ranged from 902.08 to 2,435.52. According to the industry distribution chart, Jse ranks #38 out of 678 companies in the Capital Markets industry, placing it in the top 5.6%.
Is Jse's ROC (Joel Greenblatt) % too high?
Jse's current ROC (Joel Greenblatt) % of 1,508.45% is 18% below median its 10-year median of 1,832.63. Over the past 10 years, this metric has ranged from a low of 902.08 to a high of 2,435.52. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.64. Jse's value of 1,508.45% is 4254.6% above this industry median. Based on the distribution chart, Jse ranks #38 out of 678 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Jse has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jse's ROC (Joel Greenblatt) % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Jse ranks #38 out of 678 companies for ROC (Joel Greenblatt) %. This places Jse in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.64. Jse's value of 1,508.45% is 4254.6% above this benchmark. Historically, Jse's own ROC (Joel Greenblatt) % has ranged from 902.08 to 2,435.52 over the past decade. While the company's 10-year median is 1,832.63 vs. the industry median of 34.64, Jse 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.64, based on 678 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. Jse's current ROC (Joel Greenblatt) % of 1,508.45% is 4254.6% 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 Jse and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jse's current ROC (Joel Greenblatt) % is 1,508.45%, which is 18% below median its own 10-year median of 1,832.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jse stock overvalued right now?
Based on GuruFocus' analysis, Jse (JSEJF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.78, compared to a current price of $8.90 — trading 14.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1,508.45%, which is 18% below median its 10-year median of 1,832.63 and 4254.6% above the Capital Markets industry median of 34.64. Jse's overall GF Score™ is 74/100 with 7 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 Jse (JSEJF), the current ROC (Joel Greenblatt) % is 1,508.45% 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 Jse (JSEJF) Overvalued in 2026?
Based on GuruFocus' analysis, Jse stock appears to be overvalued.
The current stock price of $8.90 is trading 14.4% above its estimated GF Value™ of $7.78.
GuruFocus considers Jse to be Modestly Overvalued.
Key valuation signals for JSEJF:
ROC (Joel Greenblatt) %: 1,508.45% (18% below median its 10-year median of 1,832.63)
GF Value™: $7.78 vs. price of $8.90 (14.4% above fair value)
Industry Position: 4254.6% above the Capital Markets median (#38 of 678)
No single metric tells the full story. See the JSEJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jse Ltd is a critical service provider to South Africa's financial markets, providing regulated, transparent, and trusted platforms for financial transactions. It is a multi-asset class stock exchange that provides platforms for raising capital and trading in equities, bonds, derivatives, currencies, and commodities, while JSE Clear Proprietary Limited (JSE Clear) provides clearing services for listed derivatives. The Group generates maximum revenue from the provision of capital markets services (comprising primary market, equity trading, colocation fees, equity derivatives trading, etc.), and the rest from post-trade services, JSE Clear, information services, and other sources.
74GF Score
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