McMillan ShakespeareMCSLF 81 ROC (Joel Greenblatt) % is 104.85% as of Dec. 2025, which is 36% above its 10-year median of 77.03. GuruFocus rates MCSLF with a GF Score™ of 81/100 and a GF Value™ of $12.55. The stock has 13 warning signs investors should review. Among 1,081 Business Services companies, McMillan Shakespeare ranks better than 79% 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. McMillan Shakespeare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 104.85%.
The historical rank and industry rank for McMillan Shakespeare's ROC (Joel Greenblatt) % or its related term are showing as below:
MCSLF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.21 Med: 77.03 Max: 446.02
Current: 89.73
During the past 13 years, McMillan Shakespeare's highest ROC (Joel Greenblatt) % was 446.02%. The lowest was 15.21%. And the median was 77.03%.
MCSLF's ROC (Joel Greenblatt) % is ranked better than 79% of 1081
companies
in the Business Services industry
Industry Median: 20.97
vs MCSLF: 89.73
McMillan Shakespeare's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 80.10% 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.
McMillan Shakespeare ROC (Joel Greenblatt) % Related Terms
McMillan Shakespeare ROC (Joel Greenblatt) % Historical Data
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The historical data trend for McMillan Shakespeare'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.
MCSLF vs KFY, RHI, TNET: ROC (Joel Greenblatt) % Comparison
For the Staffing & Employment Services subindustry, McMillan Shakespeare'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.
McMillan Shakespeare ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, McMillan Shakespeare's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where McMillan Shakespeare'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 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 104.85% mean?
McMillan Shakespeare (MCSLF) has a ROC (Joel Greenblatt) % of 104.85% 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 McMillan Shakespeare and its competitors. This is 36% above median its historical median of 77.03. Over the past decade, McMillan Shakespeare's ROC (Joel Greenblatt) % has ranged from 15.21 to 446.02. According to the industry distribution chart, McMillan Shakespeare ranks #227 out of 1081 companies in the Business Services industry, placing it in the top 21%.
Is McMillan Shakespeare's ROC (Joel Greenblatt) % too high?
McMillan Shakespeare's current ROC (Joel Greenblatt) % of 104.85% is 36% above median its 10-year median of 77.03. Over the past 10 years, this metric has ranged from a low of 15.21 to a high of 446.02. The Business Services industry median ROC (Joel Greenblatt) % is 20.97. McMillan Shakespeare's value of 104.85% is 400% above this industry median. Based on the distribution chart, McMillan Shakespeare ranks #227 out of 1081 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, McMillan Shakespeare has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does McMillan Shakespeare's ROC (Joel Greenblatt) % compare to KFY and RHI?
According to the Business Services industry distribution chart, McMillan Shakespeare ranks #227 out of 1081 companies for ROC (Joel Greenblatt) %. This places McMillan Shakespeare in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.97. McMillan Shakespeare's value of 104.85% is 400% above this benchmark. Historically, McMillan Shakespeare's own ROC (Joel Greenblatt) % has ranged from 15.21 to 446.02 over the past decade. While the company's 10-year median is 77.03 vs. the industry median of 20.97, McMillan Shakespeare 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 20.97, based on 1,081 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. McMillan Shakespeare's current ROC (Joel Greenblatt) % of 104.85% is 400% 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 McMillan Shakespeare and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 20.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McMillan Shakespeare's current ROC (Joel Greenblatt) % is 104.85%, which is 36% above median its own 10-year median of 77.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McMillan Shakespeare stock overvalued right now?
McMillan Shakespeare (MCSLF) has a current ROC (Joel Greenblatt) % of 104.85%. The stock's GF Value™ is $12.55, compared to a current price of $9.90 — trading 21.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 104.85%, which is 36% above median its 10-year median of 77.03 and 400% above the Business Services industry median of 20.97. McMillan Shakespeare's overall GF Score™ is 81/100 with 13 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 McMillan Shakespeare (MCSLF), the current ROC (Joel Greenblatt) % is 104.85% 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 McMillan Shakespeare (MCSLF) Overvalued in 2026?
Based on GuruFocus' analysis, McMillan Shakespeare stock appears to be undervalued.
The current stock price of $9.90 is trading 21.1% below its estimated GF Value™ of $12.55.
Key valuation signals for MCSLF:
ROC (Joel Greenblatt) %: 104.85% (36% above median its 10-year median of 77.03)
GF Value™: $12.55 vs. price of $9.90 (21.1% below fair value)
Industry Position: 400% above the Business Services median (#227 of 1081)
No single metric tells the full story. See the MCSLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.
81GF Score
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