Muehlbauer Holding AG (LTS:0O2Z) ROC (Joel Greenblatt) %: 36.84% (As of Dec. 2025) — 23% Above Median


LTS:0O2Z Muehlbauer Holding AG LTS:0O2Z
77 GF Score
Price €38.80
GF Value €59.26
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Muehlbauer Holding AG ROC (Joel Greenblatt) %?

Muehlbauer Holding AG LTS:0O2Z 77 ROC (Joel Greenblatt) % is 36.84% as of Dec. 2025, which is 23% above its 10-year median of 29.84. GuruFocus rates LTS:0O2Z with a GF Score™ of 77/100 and a GF Value™ of €59.26 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,488 Hardware companies, Muehlbauer Holding AG ranks better than 70.34% 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. Muehlbauer Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 36.84%.

The historical rank and industry rank for Muehlbauer Holding AG's ROC (Joel Greenblatt) % or its related term are showing as below:

LTS:0O2Z' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.56   Med: 29.84   Max: 43.05
Current: 22.44

During the past 13 years, Muehlbauer Holding AG's highest ROC (Joel Greenblatt) % was 43.05%. The lowest was 4.56%. And the median was 29.84%.

LTS:0O2Z's ROC (Joel Greenblatt) % is ranked better than
70.34% of 2488 companies
in the Hardware industry
Industry Median: 10.35 vs LTS:0O2Z: 22.44

Muehlbauer Holding AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -14.00% per year.


Muehlbauer Holding AG  (LTS:0O2Z) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Muehlbauer Holding AG ROC (Joel Greenblatt) % Related Terms


Muehlbauer Holding AG ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Muehlbauer Holding AG'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.

Muehlbauer Holding AG ROC (Joel Greenblatt) % Chart

Muehlbauer Holding AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.05 4.56 29.22 6.41 19.42

Muehlbauer Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.37 4.72 7.74 11.00 36.84

LTS:0O2Z vs DELL, SNDK, ANET: ROC (Joel Greenblatt) % Comparison

For the Computer Hardware subindustry, Muehlbauer Holding AG'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.


Muehlbauer Holding AG ROC (Joel Greenblatt) % vs Hardware Industry

For the Hardware industry and Technology sector, Muehlbauer Holding AG's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Muehlbauer Holding AG's ROC (Joel Greenblatt) % falls into.


LTS:0O2Z
77GF Score
Muehlbauer Holding AG LTS:0O2Z
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Muehlbauer Holding AG 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(61.583 + 237.183 + -0.00099999999997635) - (204.003 + 0 + 111.429)
=-16.667

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(55.043 + 208.887 + 20.147) - (36.515 + 0 + 123.192)
=124.37

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Muehlbauer Holding AG for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=82.776/( ( (162.816 + max(-16.667, 0)) + (162.198 + max(124.37, 0)) )/ 2 )
=82.776/( ( 162.816 + 286.568 )/ 2 )
=82.776/224.692
=36.84 %

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 36.84% mean?
Muehlbauer Holding AG (LTS:0O2Z) has a ROC (Joel Greenblatt) % of 36.84% 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 Muehlbauer Holding AG and its competitors. This is 23% above median its historical median of 29.84. Over the past decade, Muehlbauer Holding AG's ROC (Joel Greenblatt) % has ranged from 4.56 to 43.05. According to the industry distribution chart, Muehlbauer Holding AG ranks #738 out of 2488 companies in the Hardware industry, placing it in the top 29.7%.
Is Muehlbauer Holding AG's ROC (Joel Greenblatt) % too high?
Muehlbauer Holding AG's current ROC (Joel Greenblatt) % of 36.84% is 23% above median its 10-year median of 29.84. Over the past 10 years, this metric has ranged from a low of 4.56 to a high of 43.05. The Hardware industry median ROC (Joel Greenblatt) % is 10.35. Muehlbauer Holding AG's value of 36.84% is 255.9% above this industry median. Based on the distribution chart, Muehlbauer Holding AG ranks #738 out of 2488 companies in the Hardware industry, which is above the industry midpoint. Overall, Muehlbauer Holding AG has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Muehlbauer Holding AG's ROC (Joel Greenblatt) % compare to DELL and SNDK?
According to the Hardware industry distribution chart, Muehlbauer Holding AG ranks #738 out of 2488 companies for ROC (Joel Greenblatt) %. This puts Muehlbauer Holding AG in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.35. Muehlbauer Holding AG's value of 36.84% is 255.9% above this benchmark. Historically, Muehlbauer Holding AG's own ROC (Joel Greenblatt) % has ranged from 4.56 to 43.05 over the past decade. While the company's 10-year median is 29.84 vs. the industry median of 10.35, Muehlbauer Holding AG 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.35, based on 2,488 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. Muehlbauer Holding AG's current ROC (Joel Greenblatt) % of 36.84% is 255.9% 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 Muehlbauer Holding AG and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muehlbauer Holding AG's current ROC (Joel Greenblatt) % is 36.84%, which is 23% above median its own 10-year median of 29.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muehlbauer Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Muehlbauer Holding AG (LTS:0O2Z) is currently considered Significantly Undervalued. The stock's GF Value™ is €59.26, compared to a current price of €38.80 — trading 34.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 36.84%, which is 23% above median its 10-year median of 29.84 and 255.9% above the Hardware industry median of 10.35. Muehlbauer Holding AG's overall GF Score™ is 77/100 with 3 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 Muehlbauer Holding AG (LTS:0O2Z), the current ROC (Joel Greenblatt) % is 36.84% 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 Muehlbauer Holding AG (LTS:0O2Z) Overvalued in 2026?

Based on GuruFocus' analysis, Muehlbauer Holding AG stock appears to be undervalued. The current stock price of €38.80 is trading 34.5% below its estimated GF Value™ of €59.26. GuruFocus considers Muehlbauer Holding AG to be Significantly Undervalued.

Key valuation signals for LTS:0O2Z:

  • ROC (Joel Greenblatt) %: 36.84% (23% above median its 10-year median of 29.84)
  • GF Value™: €59.26 vs. price of €38.80 (34.5% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 255.9% above the Hardware median (#738 of 2488)

No single metric tells the full story. See the LTS:0O2Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Muehlbauer Holding AG Business Description

Other Exchanges MUB:Germany
Address Josef Muhlbauer Platz 1, Roding, DEU, 93426
Muehlbauer Holding AG is a German-based technology solutions provider with operations spread across multiple continents. Its business is segregated into three divisions; Precision Parts, Production Equipment and Government Solutions. The Precision Parts segment is associated with precision engineering and surface engineering. The Productions Equipment segment offers die sorting, smart cards, flexible solar technology and RFID/Smart Label technologies and the Government Solutions segment focuses on Identity document (ID) card solutions, document verification solutions, productions facility solutions, border management solutions and e-government solutions.
77GF Score

Get the complete analysis for LTS:0O2Z

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€38.80
Price
€59.26
GF Value