Fevertree DrinksLSE:FEVR -2.38%84 ROC (Joel Greenblatt) % is 54.52% as of Dec. 2025, which is 40% below its 10-year median of 90.66. GuruFocus rates LSE:FEVR with a GF Score™ of 84/100 and a GF Value™ of £9.31 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, Fevertree Drinks ranks better than 73.28% 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. Fevertree Drinks's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 54.52%.
The historical rank and industry rank for Fevertree Drinks's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:FEVR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.81 Med: 90.66 Max: 230.66
Current: 38.98
During the past 13 years, Fevertree Drinks's highest ROC (Joel Greenblatt) % was 230.66%. The lowest was 19.81%. And the median was 90.66%.
LSE:FEVR's ROC (Joel Greenblatt) % is ranked better than 73.28% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 20.135
vs LSE:FEVR: 38.98
Fevertree Drinks's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -20.80% 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.
Fevertree Drinks ROC (Joel Greenblatt) % Related Terms
Fevertree Drinks ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Fevertree Drinks'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:FEVR vs KO, PEP, MNST: ROC (Joel Greenblatt) % Comparison
For the Beverages - Non-Alcoholic subindustry, Fevertree Drinks'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.
Fevertree Drinks ROC (Joel Greenblatt) % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Fevertree Drinks's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fevertree Drinks'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 54.52% mean?
Fevertree Drinks (LSE:FEVR) has a ROC (Joel Greenblatt) % of 54.52% 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 Fevertree Drinks and its competitors. This is 40% below median its historical median of 90.66. Over the past decade, Fevertree Drinks' ROC (Joel Greenblatt) % has ranged from 19.81 to 230.66. According to the industry distribution chart, Fevertree Drinks ranks #31 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 26.7%.
Is Fevertree Drinks' ROC (Joel Greenblatt) % too high?
Fevertree Drinks' current ROC (Joel Greenblatt) % of 54.52% is 40% below median its 10-year median of 90.66. Over the past 10 years, this metric has ranged from a low of 19.81 to a high of 230.66. The Beverages - Non-Alcoholic industry median ROC (Joel Greenblatt) % is 20.14. Fevertree Drinks' value of 54.52% is 170.8% above this industry median. Based on the distribution chart, Fevertree Drinks ranks #31 out of 116 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Fevertree Drinks has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fevertree Drinks' ROC (Joel Greenblatt) % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Fevertree Drinks ranks #31 out of 116 companies for ROC (Joel Greenblatt) %. This puts Fevertree Drinks in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.14. Fevertree Drinks' value of 54.52% is 170.8% above this benchmark. Historically, Fevertree Drinks' own ROC (Joel Greenblatt) % has ranged from 19.81 to 230.66 over the past decade. While the company's 10-year median is 90.66 vs. the industry median of 20.14, Fevertree Drinks 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 Beverages - Non-Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Non-Alcoholic companies is 20.14, based on 116 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. Fevertree Drinks's current ROC (Joel Greenblatt) % of 54.52% is 170.8% 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 Fevertree Drinks and its competitors. For the Beverages - Non-Alcoholic industry, the median ROC (Joel Greenblatt) % is 20.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fevertree Drinks's current ROC (Joel Greenblatt) % is 54.52%, which is 40% below median its own 10-year median of 90.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fevertree Drinks stock overvalued right now?
Based on GuruFocus' analysis, Fevertree Drinks (LSE:FEVR) is currently considered Modestly Undervalued. The stock's GF Value™ is £9.31, compared to a current price of £7.81 — trading 16.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 54.52%, which is 40% below median its 10-year median of 90.66 and 170.8% above the Beverages - Non-Alcoholic industry median of 20.14. Fevertree Drinks' overall GF Score™ is 84/100 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 Fevertree Drinks (LSE:FEVR), the current ROC (Joel Greenblatt) % is 54.52% 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 Fevertree Drinks (LSE:FEVR) Overvalued in 2026?
Based on GuruFocus' analysis, Fevertree Drinks stock appears to be undervalued.
The current stock price of £7.81 is trading 16.1% below its estimated GF Value™ of £9.31.
GuruFocus considers Fevertree Drinks to be Modestly Undervalued.
Key valuation signals for LSE:FEVR:
ROC (Joel Greenblatt) %: 54.52% (40% below median its 10-year median of 90.66)
GF Value™: £9.31 vs. price of £7.81 (16.1% below fair value)
Industry Position: 170.8% above the Beverages - Non-Alcoholic median (#31 of 116)
No single metric tells the full story. See the LSE:FEVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fevertree Drinks PLC is a UK based holding and investment company. The company is engaged in the business activity of developing and marketing premium mixer drinks. Its product portfolio includes Indian tonic water, Mediterranean tonic water, Elderflower tonic water, Aromatic tonic water, Clementine tonic water, Lemon tonic water, Ginger beer, Ginger ale, Smoky ginger ale, Spiced orange ginger ale, Madagascan cola, Sicilian lemonade, Lemonade, Premium Soda Water and Mediterranean Orange. Geographically, company is divided into two segments US segment representing profits from USA cities and Rest of Group segment which represents profits directly attributable to UK, European and RoW regions of which majority of the revenue is from the United Kingdom.
84GF Score
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