Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Societe Industrielle et Financiere de l'Artois's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.79%.
Societe Industrielle et Financiere de l'Artois (LTS:0JWM) 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.
Societe Industrielle et Financiere de l'Artois ROC (Joel Greenblatt) % Chart
Societe Industrielle et Financiere de l'Artois Annual Data
LTS:0JWM vs SNDK, DELL, STX: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, Societe Industrielle et Financiere de l'Artois'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.
Societe Industrielle et Financiere de l'Artois ROC (Joel Greenblatt) % vs Hardware Industry
Societe Industrielle et Financiere de l'Artois 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 (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 3.79% mean?
Societe Industrielle et Financiere de l'Artois (LTS:0JWM) has a ROC (Joel Greenblatt) % of 3.79% 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 Societe Industrielle et Financiere de l'Artois and its competitors. This is 93% below median its historical median of 55.61. Over the past decade, Societe Industrielle et Financiere de l'Artois' ROC (Joel Greenblatt) % has ranged from 14.30 to 444.44. According to the industry distribution chart, Societe Industrielle et Financiere de l'Artois ranks #1032 out of 2494 companies in the Hardware industry, placing it in the top 41.4%.
Is Societe Industrielle et Financiere de l'Artois' ROC (Joel Greenblatt) % too high?
Societe Industrielle et Financiere de l'Artois' current ROC (Joel Greenblatt) % of 3.79% is 93% below median its 10-year median of 55.61. Over the past 10 years, this metric has ranged from a low of 14.30 to a high of 444.44. The Hardware industry median ROC (Joel Greenblatt) % is 10.44. Societe Industrielle et Financiere de l'Artois' value of 3.79% is 63.7% below this industry median. Based on the distribution chart, Societe Industrielle et Financiere de l'Artois ranks #1032 out of 2494 companies in the Hardware industry, which is above the industry midpoint. Overall, Societe Industrielle et Financiere de l'Artois has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Societe Industrielle et Financiere de l'Artois' ROC (Joel Greenblatt) % compare to SNDK and DELL?
According to the Hardware industry distribution chart, Societe Industrielle et Financiere de l'Artois ranks #1032 out of 2494 companies for ROC (Joel Greenblatt) %. This puts Societe Industrielle et Financiere de l'Artois in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.44. Societe Industrielle et Financiere de l'Artois' value of 3.79% is 63.7% below this benchmark. Historically, Societe Industrielle et Financiere de l'Artois' own ROC (Joel Greenblatt) % has ranged from 14.30 to 444.44 over the past decade. While the company's 10-year median is 55.61 vs. the industry median of 10.44, Societe Industrielle et Financiere de l'Artois 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.44, based on 2,494 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. Societe Industrielle et Financiere de l'Artois's current ROC (Joel Greenblatt) % of 3.79% is 63.7% 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 Societe Industrielle et Financiere de l'Artois and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Societe Industrielle et Financiere de l'Artois's current ROC (Joel Greenblatt) % is 3.79%, which is 93% below median its own 10-year median of 55.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Societe Industrielle et Financiere de l'Artois stock overvalued right now?
Societe Industrielle et Financiere de l'Artois (LTS:0JWM) has a current ROC (Joel Greenblatt) % of 3.79%. The stock's GF Value™ is €4,412.19, compared to a current price of €9,400.00 — trading 113% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3.79%, which is 93% below median its 10-year median of 55.61 and 63.7% below the Hardware industry median of 10.44. Societe Industrielle et Financiere de l'Artois' overall GF Score™ is 19/100 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 Societe Industrielle et Financiere de l'Artois (LTS:0JWM), the current ROC (Joel Greenblatt) % is 3.79% 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 Societe Industrielle et Financiere de l'Artois (LTS:0JWM) Overvalued in 2026?
Based on GuruFocus' analysis, Societe Industrielle et Financiere de l'Artois stock appears to be overvalued.
The current stock price of €9,400.00 is trading 113% above its estimated GF Value™ of €4,412.19.
Key valuation signals for LTS:0JWM:
ROC (Joel Greenblatt) %: 3.79% (93% below median its 10-year median of 55.61)
GF Value™: €4,412.19 vs. price of €9,400.00 (113% above fair value)
Industry Position: 63.7% below the Hardware median (#1032 of 2494)
No single metric tells the full story. See the LTS:0JWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Societe Industrielle et Financiere de l'Artois Business Description
Societe Industrielle et Financiere de l'Artois SA is a France-based holding company specializing in manufacturing and marketing of terminals and computer peripheral equipment.
19GF Score
Get the complete analysis for LTS:0JWM
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0JWM has been successfully added to your 
