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Beijer Ref ABMIL:1BEIJ -5.35%74 ROC (Joel Greenblatt) % is 48.38% as of Jun. 2026, which is 96% above its 10-year median of 24.67. GuruFocus rates MIL:1BEIJ with a GF Score™ of 74/100 and a GF Value™ of €13.12 (Fairly Valued). The stock has 4 warning signs investors should review. Among 158 Industrial Distribution companies, Beijer Ref AB ranks better than 81.01% 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. Beijer Ref AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 48.38%.
The historical rank and industry rank for Beijer Ref AB's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:1BEIJ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20 Med: 24.67 Max: 31.87
Current: 31.87
During the past 13 years, Beijer Ref AB's highest ROC (Joel Greenblatt) % was 31.87%. The lowest was 20.00%. And the median was 24.67%.
MIL:1BEIJ's ROC (Joel Greenblatt) % is ranked better than 81.01% of 158
companies
in the Industrial Distribution industry
Industry Median: 14.645
vs MIL:1BEIJ: 31.87
Beijer Ref AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.90% per year.
Beijer Ref AB (MIL:1BEIJ) 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.
Beijer Ref AB ROC (Joel Greenblatt) % Related Terms
Beijer Ref AB ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Beijer Ref 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.
MIL:1BEIJ vs GWW, FAST, FERG: ROC (Joel Greenblatt) % Comparison
For the Industrial Distribution subindustry, Beijer Ref 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.
Beijer Ref AB ROC (Joel Greenblatt) % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Beijer Ref AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Beijer Ref 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 (Jun. 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 48.38% mean?
Beijer Ref AB (MIL:1BEIJ) has a ROC (Joel Greenblatt) % of 48.38% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Beijer Ref AB and its competitors. This is 96% above median its historical median of 24.67. Over the past decade, Beijer Ref AB's ROC (Joel Greenblatt) % has ranged from 20.00 to 31.87. According to the industry distribution chart, Beijer Ref AB ranks #30 out of 158 companies in the Industrial Distribution industry, placing it in the top 19%.
Is Beijer Ref AB's ROC (Joel Greenblatt) % too high?
Beijer Ref AB's current ROC (Joel Greenblatt) % of 48.38% is 96% above median its 10-year median of 24.67. Over the past 10 years, this metric has ranged from a low of 20.00 to a high of 31.87. The Industrial Distribution industry median ROC (Joel Greenblatt) % is 14.65. Beijer Ref AB's value of 48.38% is 230.4% above this industry median. Based on the distribution chart, Beijer Ref AB ranks #30 out of 158 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Beijer Ref AB has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Beijer Ref AB's ROC (Joel Greenblatt) % compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Beijer Ref AB ranks #30 out of 158 companies for ROC (Joel Greenblatt) %. This places Beijer Ref AB in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.65. Beijer Ref AB's value of 48.38% is 230.4% above this benchmark. Historically, Beijer Ref AB's own ROC (Joel Greenblatt) % has ranged from 20.00 to 31.87 over the past decade. While the company's 10-year median is 24.67 vs. the industry median of 14.65, Beijer Ref 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 Distribution company?
The median ROC (Joel Greenblatt) % among Industrial Distribution companies is 14.65, based on 158 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. Beijer Ref AB's current ROC (Joel Greenblatt) % of 48.38% is 230.4% 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 Beijer Ref AB and its competitors. For the Industrial Distribution industry, the median ROC (Joel Greenblatt) % is 14.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijer Ref AB's current ROC (Joel Greenblatt) % is 48.38%, which is 96% above median its own 10-year median of 24.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijer Ref AB stock overvalued right now?
Based on GuruFocus' analysis, Beijer Ref AB (MIL:1BEIJ) is currently considered Fairly Valued. The stock's GF Value™ is €13.12, compared to a current price of €12.02 — trading 8.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 48.38%, which is 96% above median its 10-year median of 24.67 and 230.4% above the Industrial Distribution industry median of 14.65. Beijer Ref AB's overall GF Score™ is 74/100 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 Beijer Ref AB (MIL:1BEIJ), the current ROC (Joel Greenblatt) % is 48.38% as of Jun. 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 Beijer Ref AB (MIL:1BEIJ) Overvalued in 2026?
Based on GuruFocus' analysis, Beijer Ref AB stock appears to be undervalued.
The current stock price of €12.02 is trading 8.4% below its estimated GF Value™ of €13.12.
GuruFocus considers Beijer Ref AB to be Fairly Valued.
Key valuation signals for MIL:1BEIJ:
ROC (Joel Greenblatt) %: 48.38% (96% above median its 10-year median of 24.67)
GF Value™: €13.12 vs. price of €12.02 (8.4% below fair value)
Industry Position: 230.4% above the Industrial Distribution median (#30 of 158)
No single metric tells the full story. See the MIL:1BEIJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beijer Ref AB is a technology-oriented trading group that, through value-added products, offers its customers competitive solutions in refrigeration and air conditioning. The product range consists mainly of products from international manufacturers, and also some manufacturing of the group's own products combined with service and support for the products. Its segments include EMEA, North America and APAC.
74GF Score
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