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. Ten Lifestyle Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 17.66%.
The historical rank and industry rank for Ten Lifestyle Group's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:TENG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -632.9 Med: -123.58 Max: 54.48
Current: 36.78
During the past 11 years, Ten Lifestyle Group's highest ROC (Joel Greenblatt) % was 54.48%. The lowest was -632.90%. And the median was -123.58%.
LSE:TENG's ROC (Joel Greenblatt) % is ranked better than 79.1% of 842
companies
in the Travel & Leisure industry
Industry Median: 10.08
vs LSE:TENG: 36.78
Ten Lifestyle Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Ten Lifestyle Group (LSE:TENG) 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.
Ten Lifestyle Group ROC (Joel Greenblatt) % Related Terms
Ten Lifestyle Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ten Lifestyle 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:TENG vs BKNG, ABNB, RCL: ROC (Joel Greenblatt) % Comparison
For the Travel Services subindustry, Ten Lifestyle 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.
Ten Lifestyle Group ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Ten Lifestyle Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ten Lifestyle Group's ROC (Joel Greenblatt) % falls into.
Ten Lifestyle 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 (Feb. 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.
What does a ROC (Joel Greenblatt) % of 17.66% mean?
Ten Lifestyle Group (LSE:TENG) has a ROC (Joel Greenblatt) % of 17.66% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ten Lifestyle Group and its competitors. According to the industry distribution chart, Ten Lifestyle Group ranks #176 out of 842 companies in the Travel & Leisure industry, placing it in the top 20.9%.
Is Ten Lifestyle Group's ROC (Joel Greenblatt) % too high?
Ten Lifestyle Group's current ROC (Joel Greenblatt) % is 17.66%. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.08. Ten Lifestyle Group's value of 17.66% is 75.2% above this industry median. Based on the distribution chart, Ten Lifestyle Group ranks #176 out of 842 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Ten Lifestyle Group has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ten Lifestyle Group's ROC (Joel Greenblatt) % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Ten Lifestyle Group ranks #176 out of 842 companies for ROC (Joel Greenblatt) %. This places Ten Lifestyle Group in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.08. Ten Lifestyle Group's value of 17.66% is 75.2% above this benchmark. 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.08, based on 842 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. Ten Lifestyle Group's current ROC (Joel Greenblatt) % of 17.66% is 75.2% 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 Ten Lifestyle Group and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Lifestyle Group's current ROC (Joel Greenblatt) % is 17.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Lifestyle Group stock overvalued right now?
Based on GuruFocus' analysis, Ten Lifestyle Group (LSE:TENG) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.67, compared to a current price of £0.89 — trading 32.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 17.66% and 75.2% above the Travel & Leisure industry median of 10.08. Ten Lifestyle Group's overall GF Score™ is 59/100 with 5 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 Ten Lifestyle Group (LSE:TENG), the current ROC (Joel Greenblatt) % is 17.66% as of Feb. 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 Ten Lifestyle Group (LSE:TENG) Overvalued in 2026?
Based on GuruFocus' analysis, Ten Lifestyle Group stock appears to be overvalued.
The current stock price of £0.89 is trading 32.8% above its estimated GF Value™ of £0.67.
GuruFocus considers Ten Lifestyle Group to be Significantly Overvalued.
Key valuation signals for LSE:TENG:
ROC (Joel Greenblatt) %: 17.66%
GF Value™: £0.67 vs. price of £0.89 (32.8% above fair value)
Industry Position: 75.2% above the Travel & Leisure median (#176 of 842)
No single metric tells the full story. See the LSE:TENG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ten Lifestyle Group PLC is a technology-enabled lifestyle and travel platform company. It assists its customers to discover, organize, and book travel, dining, and live entertainment to save time and money. The company's geographical segments include Europe, the Middle East and Africa (EMEA), North and South America (The Americas) and Asia-Pacific (APAC). It offers a range of product platforms such as Ten Digital Platforms Ten MAID (management and information delivery) and others. The company derives revenue mainly from service fees that are paid by its corporate clients, under contracts.
59GF Score
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