Marks & Spencer GroupMAKSF 84 ROC (Joel Greenblatt) % is 14.28% as of Mar. 2026, which is 86% above its 10-year median of 7.67. GuruFocus rates MAKSF with a GF Score™ of 84/100 and a GF Value™ of $5.65 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,121 Retail - Cyclical companies, Marks & Spencer Group ranks worse than 54.95% 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. Marks & Spencer Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.28%.
The historical rank and industry rank for Marks & Spencer Group's ROC (Joel Greenblatt) % or its related term are showing as below:
MAKSF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.49 Med: 7.67 Max: 16.29
Current: 9.34
During the past 13 years, Marks & Spencer Group's highest ROC (Joel Greenblatt) % was 16.29%. The lowest was 0.49%. And the median was 7.67%.
MAKSF's ROC (Joel Greenblatt) % is ranked worse than 54.95% of 1121
companies
in the Retail - Cyclical industry
Industry Median: 11.49
vs MAKSF: 9.34
Marks & Spencer Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 54.20% per year.
Marks & Spencer Group (OTCPK:MAKSF) 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.
Marks & Spencer Group ROC (Joel Greenblatt) % Related Terms
Marks & Spencer Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Marks & Spencer 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.
Marks & Spencer Group ROC (Joel Greenblatt) % Chart
MAKSF vs DDS, M: ROC (Joel Greenblatt) % Comparison
For the Department Stores subindustry, Marks & Spencer 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.
Marks & Spencer Group ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Marks & Spencer Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Marks & Spencer Group's ROC (Joel Greenblatt) % falls into.
Marks & Spencer Group 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 (Mar. 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 14.28% mean?
Marks & Spencer Group (MAKSF) has a ROC (Joel Greenblatt) % of 14.28% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Marks & Spencer Group and its competitors. This is 86% above median its historical median of 7.67. Over the past decade, Marks & Spencer Group's ROC (Joel Greenblatt) % has ranged from 0.49 to 16.29. According to the industry distribution chart, Marks & Spencer Group ranks #616 out of 1121 companies in the Retail - Cyclical industry, placing it in the top 55%.
Is Marks & Spencer Group's ROC (Joel Greenblatt) % too high?
Marks & Spencer Group's current ROC (Joel Greenblatt) % of 14.28% is 86% above median its 10-year median of 7.67. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 16.29. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.49. Marks & Spencer Group's value of 14.28% is 24.3% above this industry median. Based on the distribution chart, Marks & Spencer Group ranks #616 out of 1121 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Marks & Spencer Group has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marks & Spencer Group's ROC (Joel Greenblatt) % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Marks & Spencer Group ranks #616 out of 1121 companies for ROC (Joel Greenblatt) %. This places Marks & Spencer Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.49. Marks & Spencer Group's value of 14.28% is 24.3% above this benchmark. Historically, Marks & Spencer Group's own ROC (Joel Greenblatt) % has ranged from 0.49 to 16.29 over the past decade. While the company's 10-year median is 7.67 vs. the industry median of 11.49, Marks & Spencer Group 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.49, based on 1,121 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. Marks & Spencer Group's current ROC (Joel Greenblatt) % of 14.28% is 24.3% 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 Marks & Spencer Group and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marks & Spencer Group's current ROC (Joel Greenblatt) % is 14.28%, which is 86% above median its own 10-year median of 7.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marks & Spencer Group stock overvalued right now?
Based on GuruFocus' analysis, Marks & Spencer Group (MAKSF) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.65, compared to a current price of $4.75 — trading 15.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 14.28%, which is 86% above median its 10-year median of 7.67 and 24.3% above the Retail - Cyclical industry median of 11.49. Marks & Spencer Group's overall GF Score™ is 84/100 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 Marks & Spencer Group (MAKSF), the current ROC (Joel Greenblatt) % is 14.28% as of Mar. 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 Marks & Spencer Group (MAKSF) Overvalued in 2026?
Based on GuruFocus' analysis, Marks & Spencer Group stock appears to be undervalued.
The current stock price of $4.75 is trading 15.9% below its estimated GF Value™ of $5.65.
GuruFocus considers Marks & Spencer Group to be Modestly Undervalued.
Key valuation signals for MAKSF:
ROC (Joel Greenblatt) %: 14.28% (86% above median its 10-year median of 7.67)
GF Value™: $5.65 vs. price of $4.75 (15.9% below fair value)
Industry Position: 24.3% above the Retail - Cyclical median (#616 of 1121)
No single metric tells the full story. See the MAKSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marks & Spencer is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The majority of revenue stems from the firm's UK operations, selling its own-brand food, clothing, and home merchandise predominantly. The food segment includes value products (dairy, poultry, meat, fresh produce), ready-made meals, and healthy items. The clothing and home division sells women's wear, lingerie, men's wear, kids' wear, beauty, and home products. The remaining revenue comes from international sales, where M&S sells through a mix of its own stores, franchises, and online channels.In 2020, the firm entered into a joint venture, purchasing 50% of grocery e-commerce business Ocado Retail. Ocado is the exclusive online distributor of M&S food within the UK.
84GF Score
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