London Stock Exchange GroupMEX:LSEN 78 ROC (Joel Greenblatt) % is 352.35% as of Dec. 2025, which is 25% above its 10-year median of 280.91. GuruFocus rates MEX:LSEN with a GF Score™ of 78/100 and a GF Value™ of MXN2,536.64 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 675 Capital Markets companies, London Stock Exchange Group ranks better than 80.89% 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. London Stock Exchange Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 352.35%.
The historical rank and industry rank for London Stock Exchange Group's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:LSEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 174.22 Med: 280.91 Max: 545.32
Current: 352.41
During the past 13 years, London Stock Exchange Group's highest ROC (Joel Greenblatt) % was 545.32%. The lowest was 174.22%. And the median was 280.91%.
MEX:LSEN's ROC (Joel Greenblatt) % is ranked better than 80.89% of 675
companies
in the Capital Markets industry
Industry Median: 34.76
vs MEX:LSEN: 352.41
London Stock Exchange Group (MEX:LSEN) 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.
* 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.
London Stock Exchange Group ROC (Joel Greenblatt) % Chart
MEX:LSEN vs SPGI, CME, ICE: ROC (Joel Greenblatt) % Comparison
For the Financial Data & Stock Exchanges subindustry, London Stock Exchange 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.
London Stock Exchange Group ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, London Stock Exchange Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where London Stock Exchange Group's ROC (Joel Greenblatt) % falls into.
London Stock Exchange 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 (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 352.35% mean?
London Stock Exchange Group (MEX:LSEN) has a ROC (Joel Greenblatt) % of 352.35% 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 London Stock Exchange Group and its competitors. This is 25% above median its historical median of 280.91. Over the past decade, London Stock Exchange Group's ROC (Joel Greenblatt) % has ranged from 174.22 to 545.32. According to the industry distribution chart, London Stock Exchange Group ranks #129 out of 675 companies in the Capital Markets industry, placing it in the top 19.1%.
Is London Stock Exchange Group's ROC (Joel Greenblatt) % too high?
London Stock Exchange Group's current ROC (Joel Greenblatt) % of 352.35% is 25% above median its 10-year median of 280.91. Over the past 10 years, this metric has ranged from a low of 174.22 to a high of 545.32. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.76. London Stock Exchange Group's value of 352.35% is 913.7% above this industry median. Based on the distribution chart, London Stock Exchange Group ranks #129 out of 675 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, London Stock Exchange Group has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does London Stock Exchange Group's ROC (Joel Greenblatt) % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, London Stock Exchange Group ranks #129 out of 675 companies for ROC (Joel Greenblatt) %. This places London Stock Exchange Group in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.76. London Stock Exchange Group's value of 352.35% is 913.7% above this benchmark. Historically, London Stock Exchange Group's own ROC (Joel Greenblatt) % has ranged from 174.22 to 545.32 over the past decade. While the company's 10-year median is 280.91 vs. the industry median of 34.76, London Stock Exchange 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.76, based on 675 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. London Stock Exchange Group's current ROC (Joel Greenblatt) % of 352.35% is 913.7% 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 London Stock Exchange Group and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. London Stock Exchange Group's current ROC (Joel Greenblatt) % is 352.35%, which is 25% above median its own 10-year median of 280.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is London Stock Exchange Group stock overvalued right now?
Based on GuruFocus' analysis, London Stock Exchange Group (MEX:LSEN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN2,536.64, compared to a current price of MXN1,939.00 — trading 23.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 352.35%, which is 25% above median its 10-year median of 280.91 and 913.7% above the Capital Markets industry median of 34.76. London Stock Exchange Group's overall GF Score™ is 78/100 with 5 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 London Stock Exchange Group (MEX:LSEN), the current ROC (Joel Greenblatt) % is 352.35% 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 London Stock Exchange Group (MEX:LSEN) Overvalued in 2026?
Based on GuruFocus' analysis, London Stock Exchange Group stock appears to be undervalued.
The current stock price of MXN1,939.00 is trading 23.6% below its estimated GF Value™ of MXN2,536.64.
GuruFocus considers London Stock Exchange Group to be Modestly Undervalued.
Key valuation signals for MEX:LSEN:
ROC (Joel Greenblatt) %: 352.35% (25% above median its 10-year median of 280.91)
GF Value™: MXN2,536.64 vs. price of MXN1,939.00 (23.6% below fair value)
Industry Position: 913.7% above the Capital Markets median (#129 of 675)
No single metric tells the full story. See the MEX:LSEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
London Stock Exchange Group is a fully integrated financial exchange company covering the financial market value chain from primary and secondary markets across multiple asset classes over data, index, and analytics down to clearing and post-trading reporting. With the acquisition of Refinitiv, LSEG generates about two-thirds of its revenue from data and analytics including its FTSE Russell and WM/Refinitiv benchmarks as well as data feeds and terminals. The group is also a majority shareholder in Tradeweb, one of the dominant global fixed-income trading venues, as well as LCH, the largest clearinghouse for over-the-counter swaps globally.
78GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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