Franklin ResourcesMEX:BEN 77 ROC (Joel Greenblatt) % is 106.81% as of Mar. 2026, which is 39% below its 10-year median of 173.88. GuruFocus rates MEX:BEN with a GF Score™ of 77/100 and a GF Value™ of MXN286.99. The stock has 9 warning signs investors should review. Among 628 Asset Management companies, Franklin Resources ranks better than 52.23% 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. Franklin Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 106.81%.
The historical rank and industry rank for Franklin Resources's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:BEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 50.63 Med: 173.88 Max: 287.25
Current: 79.66
During the past 13 years, Franklin Resources's highest ROC (Joel Greenblatt) % was 287.25%. The lowest was 50.63%. And the median was 173.88%.
MEX:BEN's ROC (Joel Greenblatt) % is ranked better than 52.23% of 628
companies
in the Asset Management industry
Industry Median: 64.34
vs MEX:BEN: 79.66
Franklin Resources's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -18.80% per year.
Franklin Resources (MEX:BEN) 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.
Franklin Resources ROC (Joel Greenblatt) % Related Terms
Franklin Resources ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Franklin Resources'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.
MEX:BEN vs CG, ARCC, CRBG: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Franklin Resources'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.
Franklin Resources ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Franklin Resources's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Franklin Resources's ROC (Joel Greenblatt) % falls into.
Franklin Resources 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 four times the quarterly (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 106.81% mean?
Franklin Resources (MEX:BEN) has a ROC (Joel Greenblatt) % of 106.81% 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 Franklin Resources and its competitors. This is 39% below median its historical median of 173.88. Over the past decade, Franklin Resources' ROC (Joel Greenblatt) % has ranged from 50.63 to 287.25. According to the industry distribution chart, Franklin Resources ranks #300 out of 628 companies in the Asset Management industry, placing it in the top 47.8%.
Is Franklin Resources' ROC (Joel Greenblatt) % too high?
Franklin Resources' current ROC (Joel Greenblatt) % of 106.81% is 39% below median its 10-year median of 173.88. Over the past 10 years, this metric has ranged from a low of 50.63 to a high of 287.25. The Asset Management industry median ROC (Joel Greenblatt) % is 64.34. Franklin Resources' value of 106.81% is 66% above this industry median. Based on the distribution chart, Franklin Resources ranks #300 out of 628 companies in the Asset Management industry, which is above the industry midpoint. Overall, Franklin Resources has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Franklin Resources' ROC (Joel Greenblatt) % compare to CG and ARCC?
According to the Asset Management industry distribution chart, Franklin Resources ranks #300 out of 628 companies for ROC (Joel Greenblatt) %. This puts Franklin Resources in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 64.34. Franklin Resources' value of 106.81% is 66% above this benchmark. Historically, Franklin Resources' own ROC (Joel Greenblatt) % has ranged from 50.63 to 287.25 over the past decade. While the company's 10-year median is 173.88 vs. the industry median of 64.34, Franklin Resources 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 64.34, based on 628 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. Franklin Resources's current ROC (Joel Greenblatt) % of 106.81% is 66% 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 Franklin Resources and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 64.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franklin Resources's current ROC (Joel Greenblatt) % is 106.81%, which is 39% below median its own 10-year median of 173.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin Resources stock overvalued right now?
Franklin Resources (MEX:BEN) has a current ROC (Joel Greenblatt) % of 106.81%. The stock's GF Value™ is MXN286.99, compared to a current price of MXN437.00 — trading 52.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 106.81%, which is 39% below median its 10-year median of 173.88 and 66% above the Asset Management industry median of 64.34. Franklin Resources' overall GF Score™ is 77/100 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 Franklin Resources (MEX:BEN), the current ROC (Joel Greenblatt) % is 106.81% 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 Franklin Resources (MEX:BEN) Overvalued in 2026?
Based on GuruFocus' analysis, Franklin Resources stock appears to be overvalued.
The current stock price of MXN437.00 is trading 52.3% above its estimated GF Value™ of MXN286.99.
Key valuation signals for MEX:BEN:
ROC (Joel Greenblatt) %: 106.81% (39% below median its 10-year median of 173.88)
GF Value™: MXN286.99 vs. price of MXN437.00 (52.3% above fair value)
Industry Position: 66% above the Asset Management median (#300 of 628)
No single metric tells the full story. See the MEX:BEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Franklin Resources provides investment services for individual and institutional investors. At the end of May 2026, Franklin had $1.780 trillion in managed assets, composed primarily of equity (40%), fixed-income (26%), multi-asset/balanced (12%) funds, alternatives (17%), and money market funds (5%). Distribution tends to be weighted between retail investors (57% of assets under management) and institutional accounts (40%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the US-based asset managers we cover, with 30% of its AUM invested in global/international strategies and 29% sourced from clients domiciled outside the United States.
77GF Score
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