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Tandem GroupLSE:TND 56 ROC (Joel Greenblatt) % is 10.32% as of Dec. 2025, which is 51% below its 10-year median of 21.05. GuruFocus rates LSE:TND with a GF Score™ of 56/100 and a GF Value™ of £1.98 (Fairly Valued). The stock has 5 warning signs investors should review. Among 846 Travel & Leisure companies, Tandem Group ranks worse than 66.19% 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. Tandem Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.32%.
The historical rank and industry rank for Tandem Group's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:TND'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.22 Med: 21.05 Max: 62.76
Current: 4.27
During the past 13 years, Tandem Group's highest ROC (Joel Greenblatt) % was 62.76%. The lowest was -4.22%. And the median was 21.05%.
LSE:TND's ROC (Joel Greenblatt) % is ranked worse than 66.19% of 846
companies
in the Travel & Leisure industry
Industry Median: 10.55
vs LSE:TND: 4.27
Tandem Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Tandem Group (LSE:TND) 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.
Tandem Group ROC (Joel Greenblatt) % Related Terms
Tandem Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tandem 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:TND vs AS, HAS, LTH: ROC (Joel Greenblatt) % Comparison
For the Leisure subindustry, Tandem 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.
Tandem Group ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tandem Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tandem Group'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 10.32% mean?
Tandem Group (LSE:TND) has a ROC (Joel Greenblatt) % of 10.32% 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 Tandem Group and its competitors. This is 51% below median its historical median of 21.05. According to the industry distribution chart, Tandem Group ranks #560 out of 846 companies in the Travel & Leisure industry, placing it in the top 66.2%.
Is Tandem Group's ROC (Joel Greenblatt) % too high?
Tandem Group's current ROC (Joel Greenblatt) % of 10.32% is 51% below median its 10-year median of 21.05. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.55. Tandem Group's value of 10.32% is 2.2% below this industry median. Based on the distribution chart, Tandem Group ranks #560 out of 846 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Tandem Group has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tandem Group's ROC (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Tandem Group ranks #560 out of 846 companies for ROC (Joel Greenblatt) %. This places Tandem Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.55. Tandem Group's value of 10.32% is 2.2% below this benchmark. While the company's 10-year median is 21.05 vs. the industry median of 10.55, Tandem Group 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.55, based on 846 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. Tandem Group's current ROC (Joel Greenblatt) % of 10.32% is 2.2% 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 Tandem Group and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tandem Group's current ROC (Joel Greenblatt) % is 10.32%, which is 51% below median its own 10-year median of 21.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandem Group stock overvalued right now?
Based on GuruFocus' analysis, Tandem Group (LSE:TND) is currently considered Fairly Valued. The stock's GF Value™ is £1.98, compared to a current price of £1.80 — trading 9.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.32%, which is 51% below median its 10-year median of 21.05 and 2.2% below the Travel & Leisure industry median of 10.55. Tandem Group's overall GF Score™ is 56/100 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 Tandem Group (LSE:TND), the current ROC (Joel Greenblatt) % is 10.32% 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 Tandem Group (LSE:TND) Overvalued in 2026?
Based on GuruFocus' analysis, Tandem Group stock appears to be undervalued.
The current stock price of £1.80 is trading 9.1% below its estimated GF Value™ of £1.98.
GuruFocus considers Tandem Group to be Fairly Valued.
Key valuation signals for LSE:TND:
ROC (Joel Greenblatt) %: 10.32% (51% below median its 10-year median of 21.05)
GF Value™: £1.98 vs. price of £1.80 (9.1% below fair value)
Industry Position: 2.2% below the Travel & Leisure median (#560 of 846)
No single metric tells the full story. See the LSE:TND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tandem Group PLC is a designer, developer, distributor, and retailer of sports, leisure, and mobility products. Its products include bicycles and accessories, football training equipment, garden and camping, homewares and household appliances, mobility, outdoor play, snooker, pool and table sports, wheeled toys, and golf equipment, which are sold under various brands including Boss, Exile, Scorpion, Carpzone, Kickmaster, Windbar, Airwave, Disney, Shopkins, and Trolls. It has four segments: Toys, Sports & Leisure, Bicycles, including electric, Golf, and Home & Garden. The majority of its revenue comes from the Toys, Sports & Leisure segment. Geographically, the company generates maximum revenue from the United Kingdom, followed by Europe and the Rest of the World.
56GF Score
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