A.b.p. Nocivelli SpAMIL:ABP +1.71%90 ROC (Joel Greenblatt) % is 285.51% as of Dec. 2025, which is 150% above its 10-year median of 114.39. GuruFocus rates MIL:ABP with a GF Score™ of 90/100 and a GF Value™ of €6.46 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,775 Construction companies, A.b.p. Nocivelli SpA ranks better than 92.73% 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. A.b.p. Nocivelli SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 285.51%.
The historical rank and industry rank for A.b.p. Nocivelli SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:ABP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 67.81 Med: 114.39 Max: 181.67
Current: 181.67
During the past 7 years, A.b.p. Nocivelli SpA's highest ROC (Joel Greenblatt) % was 181.67%. The lowest was 67.81%. And the median was 114.39%.
MIL:ABP's ROC (Joel Greenblatt) % is ranked better than 92.73% of 1775
companies
in the Construction industry
Industry Median: 19.38
vs MIL:ABP: 181.67
A.b.p. Nocivelli SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.30% 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.
A.b.p. Nocivelli SpA ROC (Joel Greenblatt) % Related Terms
A.b.p. Nocivelli SpA ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for A.b.p. Nocivelli SpA'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:ABP vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, A.b.p. Nocivelli SpA'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.
A.b.p. Nocivelli SpA ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, A.b.p. Nocivelli SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where A.b.p. Nocivelli SpA'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 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 285.51% mean?
A.b.p. Nocivelli SpA (MIL:ABP) has a ROC (Joel Greenblatt) % of 285.51% 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 A.b.p. Nocivelli SpA and its competitors. This is 150% above median its historical median of 114.39. Over the past decade, A.b.p. Nocivelli SpA's ROC (Joel Greenblatt) % has ranged from 67.81 to 181.67. According to the industry distribution chart, A.b.p. Nocivelli SpA ranks #129 out of 1775 companies in the Construction industry, placing it in the top 7.3%.
Is A.b.p. Nocivelli SpA's ROC (Joel Greenblatt) % too high?
A.b.p. Nocivelli SpA's current ROC (Joel Greenblatt) % of 285.51% is 150% above median its 10-year median of 114.39. Over the past 10 years, this metric has ranged from a low of 67.81 to a high of 181.67. The Construction industry median ROC (Joel Greenblatt) % is 19.38. A.b.p. Nocivelli SpA's value of 285.51% is 1373.2% above this industry median. Based on the distribution chart, A.b.p. Nocivelli SpA ranks #129 out of 1775 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, A.b.p. Nocivelli SpA has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does A.b.p. Nocivelli SpA's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, A.b.p. Nocivelli SpA ranks #129 out of 1775 companies for ROC (Joel Greenblatt) %. This places A.b.p. Nocivelli SpA in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.38. A.b.p. Nocivelli SpA's value of 285.51% is 1373.2% above this benchmark. Historically, A.b.p. Nocivelli SpA's own ROC (Joel Greenblatt) % has ranged from 67.81 to 181.67 over the past decade. While the company's 10-year median is 114.39 vs. the industry median of 19.38, A.b.p. Nocivelli SpA 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.38, based on 1,775 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. A.b.p. Nocivelli SpA's current ROC (Joel Greenblatt) % of 285.51% is 1373.2% 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 A.b.p. Nocivelli SpA and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A.b.p. Nocivelli SpA's current ROC (Joel Greenblatt) % is 285.51%, which is 150% above median its own 10-year median of 114.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A.b.p. Nocivelli SpA stock overvalued right now?
Based on GuruFocus' analysis, A.b.p. Nocivelli SpA (MIL:ABP) is currently considered Fairly Valued. The stock's GF Value™ is €6.46, compared to a current price of €5.95 — trading 7.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 285.51%, which is 150% above median its 10-year median of 114.39 and 1373.2% above the Construction industry median of 19.38. A.b.p. Nocivelli SpA's overall GF Score™ is 90/100 with 1 warning sign 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 A.b.p. Nocivelli SpA (MIL:ABP), the current ROC (Joel Greenblatt) % is 285.51% 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 A.b.p. Nocivelli SpA (MIL:ABP) Overvalued in 2026?
Based on GuruFocus' analysis, A.b.p. Nocivelli SpA stock appears to be undervalued.
The current stock price of €5.95 is trading 7.9% below its estimated GF Value™ of €6.46.
GuruFocus considers A.b.p. Nocivelli SpA to be Fairly Valued.
Key valuation signals for MIL:ABP:
ROC (Joel Greenblatt) %: 285.51% (150% above median its 10-year median of 114.39)
GF Value™: €6.46 vs. price of €5.95 (7.9% below fair value)
Industry Position: 1373.2% above the Construction median (#129 of 1775)
No single metric tells the full story. See the MIL:ABP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A.b.p. Nocivelli SpA is engaged in designing, implementing, and managing public hospital infrastructures. The activities of the company are Construction of technologicalinstallations, Building and plant renovation, provision of SPECT-CT tomography, electrical and mechanical installations, and others. The projects of the company include Spedali Civili Hospital in Brescia.
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