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Akzo Nobel NVLTS:0LND -0.31%75 ROC (Joel Greenblatt) % is 28.63% as of Jun. 2026, which is 4% below its 10-year median of 29.92. GuruFocus rates LTS:0LND with a GF Score™ of 75/100 and a GF Value™ of €56.40 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,604 Chemicals companies, Akzo Nobel NV ranks better than 88.84% 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. Akzo Nobel NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 28.63%.
The historical rank and industry rank for Akzo Nobel NV's ROC (Joel Greenblatt) % or its related term are showing as below:
LTS:0LND'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.99 Med: 29.92 Max: 48.85
Current: 32.45
During the past 13 years, Akzo Nobel NV's highest ROC (Joel Greenblatt) % was 48.85%. The lowest was 20.99%. And the median was 29.92%.
LTS:0LND's ROC (Joel Greenblatt) % is ranked better than 88.84% of 1604
companies
in the Chemicals industry
Industry Median: 9.645
vs LTS:0LND: 32.45
Akzo Nobel NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -6.80% per year.
Akzo Nobel NV (LTS:0LND) 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.
Akzo Nobel NV ROC (Joel Greenblatt) % Related Terms
Akzo Nobel NV ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Akzo Nobel NV'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.
LTS:0LND vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Akzo Nobel NV'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.
Akzo Nobel NV ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Akzo Nobel NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Akzo Nobel NV'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 four times the quarterly (Jun. 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 28.63% mean?
Akzo Nobel NV (LTS:0LND) has a ROC (Joel Greenblatt) % of 28.63% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Akzo Nobel NV and its competitors. This is near median its historical median of 29.92. Over the past decade, Akzo Nobel NV's ROC (Joel Greenblatt) % has ranged from 20.99 to 48.85. According to the industry distribution chart, Akzo Nobel NV ranks #179 out of 1604 companies in the Chemicals industry, placing it in the top 11.2%.
Is Akzo Nobel NV's ROC (Joel Greenblatt) % too high?
Akzo Nobel NV's current ROC (Joel Greenblatt) % of 28.63% is near median its 10-year median of 29.92. Over the past 10 years, this metric has ranged from a low of 20.99 to a high of 48.85. The Chemicals industry median ROC (Joel Greenblatt) % is 9.65. Akzo Nobel NV's value of 28.63% is 196.8% above this industry median. Based on the distribution chart, Akzo Nobel NV ranks #179 out of 1604 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Akzo Nobel NV has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Akzo Nobel NV's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Akzo Nobel NV ranks #179 out of 1604 companies for ROC (Joel Greenblatt) %. This places Akzo Nobel NV in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.65. Akzo Nobel NV's value of 28.63% is 196.8% above this benchmark. Historically, Akzo Nobel NV's own ROC (Joel Greenblatt) % has ranged from 20.99 to 48.85 over the past decade. While the company's 10-year median is 29.92 vs. the industry median of 9.65, Akzo Nobel NV has consistently been above 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.65, based on 1,604 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. Akzo Nobel NV's current ROC (Joel Greenblatt) % of 28.63% is 196.8% 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 Akzo Nobel NV and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Akzo Nobel NV's current ROC (Joel Greenblatt) % is 28.63%, which is near median its own 10-year median of 29.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akzo Nobel NV stock overvalued right now?
Based on GuruFocus' analysis, Akzo Nobel NV (LTS:0LND) is currently considered Fairly Valued. The stock's GF Value™ is €56.40, compared to a current price of €60.82 — trading 7.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 28.63%, which is near median its 10-year median of 29.92 and 196.8% above the Chemicals industry median of 9.65. Akzo Nobel NV's overall GF Score™ is 75/100 with 9 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 Akzo Nobel NV (LTS:0LND), the current ROC (Joel Greenblatt) % is 28.63% as of Jun. 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 Akzo Nobel NV (LTS:0LND) Overvalued in 2026?
Based on GuruFocus' analysis, Akzo Nobel NV stock appears to be overvalued.
The current stock price of €60.82 is trading 7.8% above its estimated GF Value™ of €56.40.
GuruFocus considers Akzo Nobel NV to be Fairly Valued.
Key valuation signals for LTS:0LND:
ROC (Joel Greenblatt) %: 28.63% (near median its 10-year median of 29.92)
GF Value™: €56.40 vs. price of €60.82 (7.8% above fair value)
Industry Position: 196.8% above the Chemicals median (#179 of 1604)
No single metric tells the full story. See the LTS:0LND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AkzoNobel is the world's third-largest paints and coatings producer, with its largest market being Europe, the Middle East, and Africa, which accounted for roughly 48% of revenue in 2025. The company operates through two segments: decorative paints, which focuses on architectural interior and exterior coatings, and performance coatings, which serves industrial end markets such as automotive refinish, aerospace, and marine and protective applications.
75GF Score
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