Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Koninklijke KPN NVMEX:KPNN 64 ROC (Joel Greenblatt) % is 17.31% as of Dec. 2025, which is 2% above its 10-year median of 16.97. GuruFocus rates MEX:KPNN with a GF Score™ of 64/100 and a GF Value™ of MXN82.20 (Fairly Valued). The stock has 4 warning signs investors should review. Among 364 Telecommunication Services companies, Koninklijke KPN NV ranks better than 58.24% 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. Koninklijke KPN NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 17.31%.
The historical rank and industry rank for Koninklijke KPN NV's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:KPNN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.96 Med: 16.97 Max: 29.49
Current: 19.33
During the past 13 years, Koninklijke KPN NV's highest ROC (Joel Greenblatt) % was 29.49%. The lowest was 12.96%. And the median was 16.97%.
MEX:KPNN's ROC (Joel Greenblatt) % is ranked better than 58.24% of 364
companies
in the Telecommunication Services industry
Industry Median: 14.97
vs MEX:KPNN: 19.33
Koninklijke KPN NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.90% 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.
Koninklijke KPN NV ROC (Joel Greenblatt) % Related Terms
Koninklijke KPN NV ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Koninklijke KPN NV'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:KPNN vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Koninklijke KPN NV'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.
Koninklijke KPN NV ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Koninklijke KPN NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Koninklijke KPN NV'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 (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 17.31% mean?
Koninklijke KPN NV (MEX:KPNN) has a ROC (Joel Greenblatt) % of 17.31% 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 Koninklijke KPN NV and its competitors. This is near median its historical median of 16.97. Over the past decade, Koninklijke KPN NV's ROC (Joel Greenblatt) % has ranged from 12.96 to 29.49. According to the industry distribution chart, Koninklijke KPN NV ranks #152 out of 364 companies in the Telecommunication Services industry, placing it in the top 41.8%.
Is Koninklijke KPN NV's ROC (Joel Greenblatt) % too high?
Koninklijke KPN NV's current ROC (Joel Greenblatt) % of 17.31% is near median its 10-year median of 16.97. Over the past 10 years, this metric has ranged from a low of 12.96 to a high of 29.49. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.97. Koninklijke KPN NV's value of 17.31% is 15.6% above this industry median. Based on the distribution chart, Koninklijke KPN NV ranks #152 out of 364 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Koninklijke KPN NV has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Koninklijke KPN NV's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Koninklijke KPN NV ranks #152 out of 364 companies for ROC (Joel Greenblatt) %. This puts Koninklijke KPN NV in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 14.97. Koninklijke KPN NV's value of 17.31% is 15.6% above this benchmark. Historically, Koninklijke KPN NV's own ROC (Joel Greenblatt) % has ranged from 12.96 to 29.49 over the past decade. While the company's 10-year median is 16.97 vs. the industry median of 14.97, Koninklijke KPN NV 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.97, based on 364 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. Koninklijke KPN NV's current ROC (Joel Greenblatt) % of 17.31% is 15.6% 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 Koninklijke KPN NV and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koninklijke KPN NV's current ROC (Joel Greenblatt) % is 17.31%, which is near median its own 10-year median of 16.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koninklijke KPN NV stock overvalued right now?
Based on GuruFocus' analysis, Koninklijke KPN NV (MEX:KPNN) is currently considered Fairly Valued. The stock's GF Value™ is MXN82.20, compared to a current price of MXN87.51 — trading 6.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 17.31%, which is near median its 10-year median of 16.97 and 15.6% above the Telecommunication Services industry median of 14.97. Koninklijke KPN NV's overall GF Score™ is 64/100 with 4 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 Koninklijke KPN NV (MEX:KPNN), the current ROC (Joel Greenblatt) % is 17.31% 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 Koninklijke KPN NV (MEX:KPNN) Overvalued in 2026?
Based on GuruFocus' analysis, Koninklijke KPN NV stock appears to be overvalued.
The current stock price of MXN87.51 is trading 6.5% above its estimated GF Value™ of MXN82.20.
GuruFocus considers Koninklijke KPN NV to be Fairly Valued.
Key valuation signals for MEX:KPNN:
ROC (Joel Greenblatt) %: 17.31% (near median its 10-year median of 16.97)
GF Value™: MXN82.20 vs. price of MXN87.51 (6.5% above fair value)
Industry Position: 15.6% above the Telecommunication Services median (#152 of 364)
No single metric tells the full story. See the MEX:KPNN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KPN is the incumbent telecommunications operator in the Netherlands. It has 40% share of the broadband market and 20% of the postpaid mobile market, with VodafoneZiggo (mobile and fixed) and Odido (mobile) as main competitors. KPN is rolling out fiber to the home in the Netherlands and expects to have most of the country covered by 2026. KPN's management has a cost-conscious mentality, something that has allowed it to grow dividends at midsingle digits over many years.
64GF Score
Get the complete analysis for MEX:KPNN
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:KPNN has been successfully added to your 
