Mycronic ABMICLF 87 ROC (Joel Greenblatt) % is 212.39% as of Mar. 2026, which is 40% above its 10-year median of 151.93. GuruFocus rates MICLF with a GF Score™ of 87/100 and a GF Value™ of $22.31 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,055 Industrial Products companies, Mycronic AB ranks better than 97.68% 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. Mycronic AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 212.39%.
The historical rank and industry rank for Mycronic AB's ROC (Joel Greenblatt) % or its related term are showing as below:
MICLF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 77.84 Med: 151.93 Max: 652.35
Current: 133.89
During the past 13 years, Mycronic AB's highest ROC (Joel Greenblatt) % was 652.35%. The lowest was 77.84%. And the median was 151.93%.
MICLF's ROC (Joel Greenblatt) % is ranked better than 97.68% of 3055
companies
in the Industrial Products industry
Industry Median: 11.75
vs MICLF: 133.89
Mycronic AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.90% per year.
Mycronic AB (OTCPK:MICLF) 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.
Mycronic AB ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Mycronic AB'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.
MICLF vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Mycronic AB'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.
Mycronic AB ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mycronic AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mycronic AB'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 (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 212.39% mean?
Mycronic AB (MICLF) has a ROC (Joel Greenblatt) % of 212.39% 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 Mycronic AB and its competitors. This is 40% above median its historical median of 151.93. Over the past decade, Mycronic AB's ROC (Joel Greenblatt) % has ranged from 77.84 to 652.35. According to the industry distribution chart, Mycronic AB ranks #71 out of 3055 companies in the Industrial Products industry, placing it in the top 2.3%.
Is Mycronic AB's ROC (Joel Greenblatt) % too high?
Mycronic AB's current ROC (Joel Greenblatt) % of 212.39% is 40% above median its 10-year median of 151.93. Over the past 10 years, this metric has ranged from a low of 77.84 to a high of 652.35. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.75. Mycronic AB's value of 212.39% is 1707.6% above this industry median. Based on the distribution chart, Mycronic AB ranks #71 out of 3055 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Mycronic AB has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mycronic AB's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mycronic AB ranks #71 out of 3055 companies for ROC (Joel Greenblatt) %. This places Mycronic AB in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.75. Mycronic AB's value of 212.39% is 1707.6% above this benchmark. Historically, Mycronic AB's own ROC (Joel Greenblatt) % has ranged from 77.84 to 652.35 over the past decade. While the company's 10-year median is 151.93 vs. the industry median of 11.75, Mycronic AB 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.75, based on 3,055 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. Mycronic AB's current ROC (Joel Greenblatt) % of 212.39% is 1707.6% 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 Mycronic AB and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mycronic AB's current ROC (Joel Greenblatt) % is 212.39%, which is 40% above median its own 10-year median of 151.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mycronic AB stock overvalued right now?
Based on GuruFocus' analysis, Mycronic AB (MICLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.31, compared to a current price of $32.92 — trading 47.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 212.39%, which is 40% above median its 10-year median of 151.93 and 1707.6% above the Industrial Products industry median of 11.75. Mycronic AB's overall GF Score™ is 87/100 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 Mycronic AB (MICLF), the current ROC (Joel Greenblatt) % is 212.39% 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 Mycronic AB (MICLF) Overvalued in 2026?
Based on GuruFocus' analysis, Mycronic AB stock appears to be overvalued.
The current stock price of $32.92 is trading 47.6% above its estimated GF Value™ of $22.31.
GuruFocus considers Mycronic AB to be Significantly Overvalued.
Key valuation signals for MICLF:
ROC (Joel Greenblatt) %: 212.39% (40% above median its 10-year median of 151.93)
GF Value™: $22.31 vs. price of $32.92 (47.6% above fair value)
Industry Position: 1707.6% above the Industrial Products median (#71 of 3055)
No single metric tells the full story. See the MICLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mycronic AB develops solutions for electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, & markets mask writers & measuring machines for the production of photomasks for displays; The PCB Assembly Solutions division develops, manufactures, and markets flexible PCB assembly solutions, including jet printing, stencil printing, 3D inspection, component placement, and automated storage solutions. The High Volume division develops, manufactures, & markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes production solutions with high levels of differentiation. The majority of its revenue is generated from the PCB Generators segment.
87GF Score
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