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MarshallsLSE:MSLH -1.13%64 ROC (Joel Greenblatt) % is 7.20% as of Dec. 2025, which is 67% below its 10-year median of 21.65. GuruFocus rates LSE:MSLH with a GF Score™ of 64/100 and a GF Value™ of £2.51 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 408 Building Materials companies, Marshalls ranks better than 50.74% 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. Marshalls's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.20%.
The historical rank and industry rank for Marshalls's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:MSLH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.67 Med: 21.65 Max: 33.91
Current: 8.85
During the past 13 years, Marshalls's highest ROC (Joel Greenblatt) % was 33.91%. The lowest was 3.67%. And the median was 21.65%.
LSE:MSLH's ROC (Joel Greenblatt) % is ranked better than 50.74% of 408
companies
in the Building Materials industry
Industry Median: 8.6
vs LSE:MSLH: 8.85
Marshalls's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.90% 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.
The historical data trend for Marshalls'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:MSLH vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, Marshalls'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.
Marshalls ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Marshalls's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Marshalls'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 7.20% mean?
Marshalls (LSE:MSLH) has a ROC (Joel Greenblatt) % of 7.20% 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 Marshalls and its competitors. This is 67% below median its historical median of 21.65. Over the past decade, Marshalls' ROC (Joel Greenblatt) % has ranged from 3.67 to 33.91. According to the industry distribution chart, Marshalls ranks #201 out of 408 companies in the Building Materials industry, placing it in the top 49.3%.
Is Marshalls' ROC (Joel Greenblatt) % too high?
Marshalls' current ROC (Joel Greenblatt) % of 7.20% is 67% below median its 10-year median of 21.65. Over the past 10 years, this metric has ranged from a low of 3.67 to a high of 33.91. The Building Materials industry median ROC (Joel Greenblatt) % is 8.60. Marshalls' value of 7.20% is 16.3% below this industry median. Based on the distribution chart, Marshalls ranks #201 out of 408 companies in the Building Materials industry, which is above the industry midpoint. Overall, Marshalls has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marshalls' ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Marshalls ranks #201 out of 408 companies for ROC (Joel Greenblatt) %. This puts Marshalls in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.60. Marshalls' value of 7.20% is 16.3% below this benchmark. Historically, Marshalls' own ROC (Joel Greenblatt) % has ranged from 3.67 to 33.91 over the past decade. While the company's 10-year median is 21.65 vs. the industry median of 8.60, Marshalls 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.60, based on 408 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. Marshalls's current ROC (Joel Greenblatt) % of 7.20% is 16.3% 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 Marshalls and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marshalls's current ROC (Joel Greenblatt) % is 7.20%, which is 67% below median its own 10-year median of 21.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marshalls stock overvalued right now?
Based on GuruFocus' analysis, Marshalls (LSE:MSLH) is currently considered Significantly Undervalued. The stock's GF Value™ is £2.51, compared to a current price of £1.49 — trading 40.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.20%, which is 67% below median its 10-year median of 21.65 and 16.3% below the Building Materials industry median of 8.60. Marshalls' overall GF Score™ is 64/100 with 3 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 Marshalls (LSE:MSLH), the current ROC (Joel Greenblatt) % is 7.20% 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 Marshalls (LSE:MSLH) Overvalued in 2026?
Based on GuruFocus' analysis, Marshalls stock appears to be undervalued.
The current stock price of £1.49 is trading 40.5% below its estimated GF Value™ of £2.51.
GuruFocus considers Marshalls to be Significantly Undervalued.
Key valuation signals for LSE:MSLH:
ROC (Joel Greenblatt) %: 7.20% (67% below median its 10-year median of 21.65)
GF Value™: £2.51 vs. price of £1.49 (40.5% below fair value)
Industry Position: 16.3% below the Building Materials median (#201 of 408)
No single metric tells the full story. See the LSE:MSLH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marshalls PLC manufactures landscape building and roofing products, which it sells to customers in both public sector/commercial and domestic end markets. The focus in the public sector and commercial business is on products for architects, local authorities, and contractors, for use in projects such as creating street furniture, paving, and water management. Domestic market customers range from do-it-yourselfers to professional landscapers, driveway installers, and garden designers. It supplies products like Concrete tiles, Clay tiles, Walling, and Concrete bricks, among others. The company has three reporting segments: Landscape Products, which generates key revenue; Building Products; and Roofing Products. It operates manufacturing sites and quarries throughout the United Kingdom.
64GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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