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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. Cineworld Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 2.16%.
The historical rank and industry rank for Cineworld Group's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:CINF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -50.3 Med: 26.38 Max: 35.89
Current: 8.07
During the past 13 years, Cineworld Group's highest ROC (Joel Greenblatt) % was 35.89%. The lowest was -50.30%. And the median was 26.38%.
LSE:CINF's ROC (Joel Greenblatt) % is not ranked
in the Media - Diversified industry.
Industry Median: 9.81
vs LSE:CINF: 8.07
Cineworld Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Cineworld Group (LSE:CINF) 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.
Cineworld Group ROC (Joel Greenblatt) % Related Terms
Cineworld Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Cineworld 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.
LSE:CINF vs NFLX, DIS, WBD: ROC (Joel Greenblatt) % Comparison
For the Entertainment subindustry, Cineworld 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.
Cineworld Group ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Cineworld Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cineworld Group's ROC (Joel Greenblatt) % falls into.
Cineworld Group 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 (Jun. 2022) 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 2.16% mean?
Cineworld Group (LSE:CINF) has a ROC (Joel Greenblatt) % of 2.16% as of Jun. 2022. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Cineworld Group and its competitors. This is 92% below median its historical median of 26.38.
Is Cineworld Group's ROC (Joel Greenblatt) % too high?
Cineworld Group's current ROC (Joel Greenblatt) % of 2.16% is 92% below median its 10-year median of 26.38. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.81. Cineworld Group's value of 2.16% is 78% below this industry median. Overall, Cineworld Group has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Cineworld Group's ROC (Joel Greenblatt) % compare to NFLX and DIS?
Cineworld Group's ROC (Joel Greenblatt) % of 2.16% can be compared against companies in the Media - Diversified industry. The industry median ROC (Joel Greenblatt) % is 9.81. Cineworld Group's value of 2.16% is 78% below this benchmark. While the company's 10-year median is 26.38 vs. the industry median of 9.81, Cineworld Group has consistently been below 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.81, based on 1,015 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. Cineworld Group's current ROC (Joel Greenblatt) % of 2.16% is 78% below 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 Cineworld Group and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cineworld Group's current ROC (Joel Greenblatt) % is 2.16%, which is 92% below median its own 10-year median of 26.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cineworld Group stock overvalued right now?
Cineworld Group (LSE:CINF) has a current ROC (Joel Greenblatt) % of 2.16%. The current ROC (Joel Greenblatt) % is 2.16%, which is 92% below median its 10-year median of 26.38 and 78% below the Media - Diversified industry median of 9.81. Cineworld Group's overall GF Score™ is 4/100 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 Cineworld Group (LSE:CINF), the current ROC (Joel Greenblatt) % is 2.16% as of Jun. 2022. 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.
Cineworld Group PLC is a diversified media company, which operates chains of movie theaters. Its business segments are the U.S., U.K., & Ireland and the rest of the world (ROW). Within each segment, it operates theaters through different brands. In the U.S., Cineworld owns cinema brands Regal, United Artists, and Edwards theaters. They operate out of Cineworld and Picturehouse in the U.K. and Ireland. Cineworld also owns Cinema City in Central and Eastern Europe and Yes Planet and Rav-Chen in Israel for its ROW segment. The company generates revenue through ticket sales and food, beverage, and merchandise sales. It also earns additional revenue through retail and screen advertising and property market and development. The company generates most of its revenue in the U.S.
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