Constellation BrandsLTS:0REP 63 ROC (Joel Greenblatt) % is 35.07% as of May. 2026, which is 23% above its 10-year median of 28.45. GuruFocus rates LTS:0REP with a GF Score™ of 63/100 and a GF Value™ of CHF296.84. The stock has 3 warning signs investors should review. Among 212 Beverages - Alcoholic companies, Constellation Brands ranks better than 76.89% 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. Constellation Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 35.07%.
The historical rank and industry rank for Constellation Brands's ROC (Joel Greenblatt) % or its related term are showing as below:
LTS:0REP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.01 Med: 28.45 Max: 65.86
Current: 29.52
During the past 13 years, Constellation Brands's highest ROC (Joel Greenblatt) % was 65.86%. The lowest was -7.01%. And the median was 28.45%.
LTS:0REP's ROC (Joel Greenblatt) % is ranked better than 76.89% of 212
companies
in the Beverages - Alcoholic industry
Industry Median: 11.825
vs LTS:0REP: 29.52
Constellation Brands's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -9.40% per year.
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.
Constellation Brands ROC (Joel Greenblatt) % Related Terms
Constellation Brands ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Constellation Brands'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:0REP vs TAP, SAM, BUD: ROC (Joel Greenblatt) % Comparison
For the Beverages - Brewers subindustry, Constellation Brands'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.
Constellation Brands ROC (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Constellation Brands's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Constellation Brands'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 (May. 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 35.07% mean?
Constellation Brands (LTS:0REP) has a ROC (Joel Greenblatt) % of 35.07% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Constellation Brands and its competitors. This is 23% above median its historical median of 28.45. According to the industry distribution chart, Constellation Brands ranks #49 out of 212 companies in the Beverages - Alcoholic industry, placing it in the top 23.1%.
Is Constellation Brands' ROC (Joel Greenblatt) % too high?
Constellation Brands' current ROC (Joel Greenblatt) % of 35.07% is 23% above median its 10-year median of 28.45. The Beverages - Alcoholic industry median ROC (Joel Greenblatt) % is 11.83. Constellation Brands' value of 35.07% is 196.6% above this industry median. Based on the distribution chart, Constellation Brands ranks #49 out of 212 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Constellation Brands has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Constellation Brands' ROC (Joel Greenblatt) % compare to TAP and SAM?
According to the Beverages - Alcoholic industry distribution chart, Constellation Brands ranks #49 out of 212 companies for ROC (Joel Greenblatt) %. This places Constellation Brands in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.83. Constellation Brands' value of 35.07% is 196.6% above this benchmark. While the company's 10-year median is 28.45 vs. the industry median of 11.83, Constellation Brands 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 Beverages - Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Alcoholic companies is 11.83, based on 212 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. Constellation Brands's current ROC (Joel Greenblatt) % of 35.07% is 196.6% 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 Constellation Brands and its competitors. For the Beverages - Alcoholic industry, the median ROC (Joel Greenblatt) % is 11.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Constellation Brands's current ROC (Joel Greenblatt) % is 35.07%, which is 23% above median its own 10-year median of 28.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Constellation Brands stock overvalued right now?
Constellation Brands (LTS:0REP) has a current ROC (Joel Greenblatt) % of 35.07%. The stock's GF Value™ is CHF296.84, compared to a current price of CHF196.36 — trading 33.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 35.07%, which is 23% above median its 10-year median of 28.45 and 196.6% above the Beverages - Alcoholic industry median of 11.83. Constellation Brands' overall GF Score™ is 63/100 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 Constellation Brands (LTS:0REP), the current ROC (Joel Greenblatt) % is 35.07% as of May. 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 Constellation Brands (LTS:0REP) Overvalued in 2026?
Based on GuruFocus' analysis, Constellation Brands stock appears to be undervalued.
The current stock price of CHF196.36 is trading 33.9% below its estimated GF Value™ of CHF296.84.
Key valuation signals for LTS:0REP:
ROC (Joel Greenblatt) %: 35.07% (23% above median its 10-year median of 28.45)
GF Value™: CHF296.84 vs. price of CHF196.36 (33.9% below fair value)
Industry Position: 196.6% above the Beverages - Alcoholic median (#49 of 212)
No single metric tells the full story. See the LTS:0REP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating more than 90% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company has pruned assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has limited revenue exposure to international markets. Constellation owns a 10% stake in Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.
63GF Score
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