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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. Patria Private Equity Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.
The historical rank and industry rank for Patria Private Equity Trust's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:PPET's ROC (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 61.475 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Patria Private Equity Trust (LSE:PPET) 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.
Patria Private Equity Trust ROC (Joel Greenblatt) % Chart
LSE:PPET vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Patria Private Equity Trust'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.
Patria Private Equity Trust ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Patria Private Equity Trust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Patria Private Equity Trust's ROC (Joel Greenblatt) % falls into.
Patria Private Equity Trust 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 (Mar. 2026) 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.
Patria Private Equity Trust (LSE:PPET) has a ROC (Joel Greenblatt) % of % as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Patria Private Equity Trust and its competitors. According to the industry distribution chart, Patria Private Equity Trust ranks #999999 out of 616 companies in the Asset Management industry.
Is Patria Private Equity Trust's ROC (Joel Greenblatt) % too high?
Patria Private Equity Trust's current ROC (Joel Greenblatt) % is %. Based on the distribution chart, Patria Private Equity Trust ranks #999999 out of 616 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Patria Private Equity Trust has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patria Private Equity Trust's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Patria Private Equity Trust ranks #999999 out of 616 companies for ROC (Joel Greenblatt) %. This places Patria Private Equity Trust in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 61.48. 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 61.48, based on 616 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. 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 Patria Private Equity Trust and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 61.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patria Private Equity Trust's current ROC (Joel Greenblatt) % is %. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patria Private Equity Trust stock overvalued right now?
Based on GuruFocus' analysis, Patria Private Equity Trust (LSE:PPET) is currently considered Significantly Overvalued. The stock's GF Value™ is £3.66, compared to a current price of £5.98 — trading 63.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is %. Patria Private Equity Trust's overall GF Score™ is 51/100 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 Patria Private Equity Trust (LSE:PPET), the current ROC (Joel Greenblatt) % is % as of Mar. 2026. 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 Patria Private Equity Trust (LSE:PPET) Overvalued in 2026?
Based on GuruFocus' analysis, Patria Private Equity Trust stock appears to be overvalued.
The current stock price of £5.98 is trading 63.4% above its estimated GF Value™ of £3.66.
GuruFocus considers Patria Private Equity Trust to be Significantly Overvalued.
Key valuation signals for LSE:PPET:
ROC (Joel Greenblatt) %: %
GF Value™: £3.66 vs. price of £5.98 (63.4% above fair value)
No single metric tells the full story. See the LSE:PPET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patria Private Equity Trust PLC is a UK-based investment trust company. The company's provides investors with exposure to private equity funds and private companies, mainly in Europe. Its investment objective is long-term total returns through holding a diversified portfolio of private equity funds and direct investments into private companies alongside private equity managers, a majority of which will have a European mid-market focus.
51GF Score
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