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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. KHD Humboldt Wedag International AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 69.36%.
The historical rank and industry rank for KHD Humboldt Wedag International AG's ROC (Joel Greenblatt) % or its related term are showing as below:
KHDHF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -609.27 Med: -16.4 Max: 80.03
Current: 60.5
During the past 13 years, KHD Humboldt Wedag International AG's highest ROC (Joel Greenblatt) % was 80.03%. The lowest was -609.27%. And the median was -16.40%.
KHDHF's ROC (Joel Greenblatt) % is ranked better than 93.04% of 158
companies
in the Industrial Distribution industry
Industry Median: 14.645
vs KHDHF: 60.50
KHD Humboldt Wedag International AG (OTCPK:KHDHF) 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.
KHD Humboldt Wedag International AG ROC (Joel Greenblatt) % Chart
KHDHF vs GWW, FAST, FERG: ROC (Joel Greenblatt) % Comparison
For the Industrial Distribution subindustry, KHD Humboldt Wedag International 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.
KHD Humboldt Wedag International AG ROC (Joel Greenblatt) % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, KHD Humboldt Wedag International AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where KHD Humboldt Wedag International AG's ROC (Joel Greenblatt) % falls into.
KHD Humboldt Wedag International 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 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 69.36% mean?
KHD Humboldt Wedag International AG (KHDHF) has a ROC (Joel Greenblatt) % of 69.36% 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 KHD Humboldt Wedag International AG and its competitors. According to the industry distribution chart, KHD Humboldt Wedag International AG ranks #11 out of 158 companies in the Industrial Distribution industry, placing it in the top 7%.
Is KHD Humboldt Wedag International AG's ROC (Joel Greenblatt) % too high?
KHD Humboldt Wedag International AG's current ROC (Joel Greenblatt) % is 69.36%. The Industrial Distribution industry median ROC (Joel Greenblatt) % is 14.65. KHD Humboldt Wedag International AG's value of 69.36% is 373.6% above this industry median. Based on the distribution chart, KHD Humboldt Wedag International AG ranks #11 out of 158 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, KHD Humboldt Wedag International AG has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KHD Humboldt Wedag International AG's ROC (Joel Greenblatt) % compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, KHD Humboldt Wedag International AG ranks #11 out of 158 companies for ROC (Joel Greenblatt) %. This places KHD Humboldt Wedag International AG in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.65. KHD Humboldt Wedag International AG's value of 69.36% is 373.6% above this benchmark. 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 Distribution company?
The median ROC (Joel Greenblatt) % among Industrial Distribution companies is 14.65, based on 158 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. KHD Humboldt Wedag International AG's current ROC (Joel Greenblatt) % of 69.36% is 373.6% 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 KHD Humboldt Wedag International AG and its competitors. For the Industrial Distribution industry, the median ROC (Joel Greenblatt) % is 14.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KHD Humboldt Wedag International AG's current ROC (Joel Greenblatt) % is 69.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KHD Humboldt Wedag International AG stock overvalued right now?
Based on GuruFocus' analysis, KHD Humboldt Wedag International AG (KHDHF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.48, compared to a current price of $1.85 — trading 25% above its estimated fair value. The current ROC (Joel Greenblatt) % is 69.36% and 373.6% above the Industrial Distribution industry median of 14.65. KHD Humboldt Wedag International AG's overall GF Score™ is 59/100 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 KHD Humboldt Wedag International AG (KHDHF), the current ROC (Joel Greenblatt) % is 69.36% 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 KHD Humboldt Wedag International AG (KHDHF) Overvalued in 2026?
Based on GuruFocus' analysis, KHD Humboldt Wedag International AG stock appears to be overvalued.
The current stock price of $1.85 is trading 25% above its estimated GF Value™ of $1.48.
GuruFocus considers KHD Humboldt Wedag International AG to be Modestly Overvalued.
Key valuation signals for KHDHF:
ROC (Joel Greenblatt) %: 69.36%
GF Value™: $1.48 vs. price of $1.85 (25% above fair value)
Industry Position: 373.6% above the Industrial Distribution median (#11 of 158)
No single metric tells the full story. See the KHDHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KHD Humboldt Wedag International AG Business Description
KHD Humboldt Wedag International AG provides cement plant technology, equipment, and services operating globally. It offers various products and services, principally related to the grinding and processing areas of cement plants, such as pyroprocessing technology, flash calciners, roller presses, separators, burner management systems, etc. In addition, it also provides process engineering and project management services. The group operates in two business segments, Capex and Plant Services. Maximum revenue is generated from the Capex segment, which reports all revenues resulting from the supervision of the erection and commissioning of cement plants, supplying equipment for cement plants, and the provision of related services. Geographically, operates in India and rest of Asia.
59GF Score
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