Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Lotus Bakeries NVLOTBY -6.58%96 ROC (Joel Greenblatt) % is 36.53% as of Dec. 2025, which is 11% below its 10-year median of 41.25. GuruFocus rates LOTBY with a GF Score™ of 96/100 and a GF Value™ of $123.64 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,979 Consumer Packaged Goods companies, Lotus Bakeries NV ranks better than 84.18% 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. Lotus Bakeries NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 36.53%.
The historical rank and industry rank for Lotus Bakeries NV's ROC (Joel Greenblatt) % or its related term are showing as below:
LOTBY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 35.66 Med: 41.25 Max: 56.24
Current: 35.8
During the past 13 years, Lotus Bakeries NV's highest ROC (Joel Greenblatt) % was 56.24%. The lowest was 35.66%. And the median was 41.25%.
LOTBY's ROC (Joel Greenblatt) % is ranked better than 84.18% of 1979
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs LOTBY: 35.80
Lotus Bakeries NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.80% 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.
Lotus Bakeries NV ROC (Joel Greenblatt) % Related Terms
Lotus Bakeries NV ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Lotus Bakeries NV'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.
LOTBY vs KHC, GIS, HRL: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Lotus Bakeries NV'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.
Lotus Bakeries NV ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Lotus Bakeries NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lotus Bakeries NV'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 36.53% mean?
Lotus Bakeries NV (LOTBY) has a ROC (Joel Greenblatt) % of 36.53% 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 Lotus Bakeries NV and its competitors. This is 11% below median its historical median of 41.25. Over the past decade, Lotus Bakeries NV's ROC (Joel Greenblatt) % has ranged from 35.66 to 56.24. According to the industry distribution chart, Lotus Bakeries NV ranks #313 out of 1979 companies in the Consumer Packaged Goods industry, placing it in the top 15.8%.
Is Lotus Bakeries NV's ROC (Joel Greenblatt) % too high?
Lotus Bakeries NV's current ROC (Joel Greenblatt) % of 36.53% is 11% below median its 10-year median of 41.25. Over the past 10 years, this metric has ranged from a low of 35.66 to a high of 56.24. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Lotus Bakeries NV's value of 36.53% is 204.7% above this industry median. Based on the distribution chart, Lotus Bakeries NV ranks #313 out of 1979 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Lotus Bakeries NV has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lotus Bakeries NV's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Lotus Bakeries NV ranks #313 out of 1979 companies for ROC (Joel Greenblatt) %. This places Lotus Bakeries NV in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Lotus Bakeries NV's value of 36.53% is 204.7% above this benchmark. Historically, Lotus Bakeries NV's own ROC (Joel Greenblatt) % has ranged from 35.66 to 56.24 over the past decade. While the company's 10-year median is 41.25 vs. the industry median of 11.99, Lotus Bakeries NV 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,979 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. Lotus Bakeries NV's current ROC (Joel Greenblatt) % of 36.53% is 204.7% 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 Lotus Bakeries NV and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lotus Bakeries NV's current ROC (Joel Greenblatt) % is 36.53%, which is 11% below median its own 10-year median of 41.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lotus Bakeries NV stock overvalued right now?
Based on GuruFocus' analysis, Lotus Bakeries NV (LOTBY) is currently considered Fairly Valued. The stock's GF Value™ is $123.64, compared to a current price of $127.39 — trading 3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 36.53%, which is 11% below median its 10-year median of 41.25 and 204.7% above the Consumer Packaged Goods industry median of 11.99. Lotus Bakeries NV's overall GF Score™ is 96/100 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 Lotus Bakeries NV (LOTBY), the current ROC (Joel Greenblatt) % is 36.53% 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 Lotus Bakeries NV (LOTBY) Overvalued in 2026?
Based on GuruFocus' analysis, Lotus Bakeries NV stock appears to be overvalued.
The current stock price of $127.39 is trading 3% above its estimated GF Value™ of $123.64.
GuruFocus considers Lotus Bakeries NV to be Fairly Valued.
Key valuation signals for LOTBY:
ROC (Joel Greenblatt) %: 36.53% (11% below median its 10-year median of 41.25)
GF Value™: $123.64 vs. price of $127.39 (3% above fair value)
Industry Position: 204.7% above the Consumer Packaged Goods median (#313 of 1979)
No single metric tells the full story. See the LOTBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lotus Bakeries NV is active in the indulgent and better-for-you snacking segment and is engaged in the manufacture and sale of biscuits, waffles, cakes, and other snack products. The Group offers multiple products, including caramelized biscuits, waffles and galettes, cake specialties, gingerbread, and other biscuits, and distributes its products through retail, catering, and food service channels. Its brands include Biscoff, Nakd, TREK, BEAR, Kiddylicious, Lotus Dinosaurus, Peijnenburg, Snelle Jelle, Annas, and Peter's Yard. Its activities are organised under three strategic pillars, namely Lotus Biscoff, Lotus Natural Foods, and Lotus Local Heroes. The company operates in Continental Europe, which generates maximum revenue, as well as in the UK, the Americas, and the rest of the world.
96GF Score
Get the complete analysis for LOTBY
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LOTBY has been successfully added to your 
