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City of London Investment GroupLSE:CLIG +1.27%82 ROC (Joel Greenblatt) % is 475.49% as of Dec. 2025, which is 38% below its 10-year median of 772.52. GuruFocus rates LSE:CLIG with a GF Score™ of 82/100 and a GF Value™ of £5.15 (Fairly Valued). The stock has 8 warning signs investors should review. Among 626 Asset Management companies, City of London Investment Group ranks better than 73.64% 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. City of London Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 475.49%.
The historical rank and industry rank for City of London Investment Group's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:CLIG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 441.53 Med: 772.52 Max: 2431.79
Current: 442.22
During the past 13 years, City of London Investment Group's highest ROC (Joel Greenblatt) % was 2431.79%. The lowest was 441.53%. And the median was 772.52%.
LSE:CLIG's ROC (Joel Greenblatt) % is ranked better than 73.64% of 626
companies
in the Asset Management industry
Industry Median: 64.34
vs LSE:CLIG: 442.22
City of London Investment Group (LSE:CLIG) 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.
City of London Investment Group ROC (Joel Greenblatt) % Chart
LSE:CLIG vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, City of London Investment 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.
City of London Investment Group ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, City of London Investment Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where City of London Investment Group's ROC (Joel Greenblatt) % falls into.
City of London Investment 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 (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 475.49% mean?
City of London Investment Group (LSE:CLIG) has a ROC (Joel Greenblatt) % of 475.49% 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 City of London Investment Group and its competitors. This is 38% below median its historical median of 772.52. Over the past decade, City of London Investment Group's ROC (Joel Greenblatt) % has ranged from 441.53 to 2,431.79. According to the industry distribution chart, City of London Investment Group ranks #165 out of 626 companies in the Asset Management industry, placing it in the top 26.4%.
Is City of London Investment Group's ROC (Joel Greenblatt) % too high?
City of London Investment Group's current ROC (Joel Greenblatt) % of 475.49% is 38% below median its 10-year median of 772.52. Over the past 10 years, this metric has ranged from a low of 441.53 to a high of 2,431.79. The Asset Management industry median ROC (Joel Greenblatt) % is 64.34. City of London Investment Group's value of 475.49% is 639% above this industry median. Based on the distribution chart, City of London Investment Group ranks #165 out of 626 companies in the Asset Management industry, which is above the industry midpoint. Overall, City of London Investment Group has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does City of London Investment Group's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, City of London Investment Group ranks #165 out of 626 companies for ROC (Joel Greenblatt) %. This puts City of London Investment Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 64.34. City of London Investment Group's value of 475.49% is 639% above this benchmark. Historically, City of London Investment Group's own ROC (Joel Greenblatt) % has ranged from 441.53 to 2,431.79 over the past decade. While the company's 10-year median is 772.52 vs. the industry median of 64.34, City of London Investment 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 64.34, based on 626 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. City of London Investment Group's current ROC (Joel Greenblatt) % of 475.49% is 639% 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 City of London Investment Group and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 64.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. City of London Investment Group's current ROC (Joel Greenblatt) % is 475.49%, which is 38% below median its own 10-year median of 772.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is City of London Investment Group stock overvalued right now?
Based on GuruFocus' analysis, City of London Investment Group (LSE:CLIG) is currently considered Fairly Valued. The stock's GF Value™ is £5.15, compared to a current price of £4.77 — trading 7.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 475.49%, which is 38% below median its 10-year median of 772.52 and 639% above the Asset Management industry median of 64.34. City of London Investment Group's overall GF Score™ is 82/100 with 8 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 City of London Investment Group (LSE:CLIG), the current ROC (Joel Greenblatt) % is 475.49% 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 City of London Investment Group (LSE:CLIG) Overvalued in 2026?
Based on GuruFocus' analysis, City of London Investment Group stock appears to be undervalued.
The current stock price of £4.77 is trading 7.4% below its estimated GF Value™ of £5.15.
GuruFocus considers City of London Investment Group to be Fairly Valued.
Key valuation signals for LSE:CLIG:
ROC (Joel Greenblatt) %: 475.49% (38% below median its 10-year median of 772.52)
GF Value™: £5.15 vs. price of £4.77 (7.4% below fair value)
Industry Position: 639% above the Asset Management median (#165 of 626)
No single metric tells the full story. See the LSE:CLIG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
City of London Investment Group Business Description
City of London Investment Group PLC is a United Kingdom-based asset management company. The company through its subsidiaries offers products of emerging markets and closed-end funds. Its principal operating subsidiary acts as an investment adviser for the company. It has operations in the United States, Canada, the United Kingdom, and Europe.
82GF Score
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