Magis SpAMIL:MGS +1.59%62 ROC (Joel Greenblatt) % is 10.50% as of Dec. 2025, which is 68% below its 10-year median of 32.56. GuruFocus rates MIL:MGS with a GF Score™ of 62/100 and a GF Value™ of €11.36 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,606 Chemicals companies, Magis SpA ranks better than 62.76% 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. Magis SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.50%.
The historical rank and industry rank for Magis SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:MGS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.64 Med: 32.56 Max: 42.08
Current: 13.94
During the past 6 years, Magis SpA's highest ROC (Joel Greenblatt) % was 42.08%. The lowest was 13.64%. And the median was 32.56%.
MIL:MGS's ROC (Joel Greenblatt) % is ranked better than 62.76% of 1606
companies
in the Chemicals industry
Industry Median: 9.38
vs MIL:MGS: 13.94
Magis SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.70% per year.
Magis SpA (MIL:MGS) 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.
The historical data trend for Magis 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:MGS vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Magis 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.
Magis SpA ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Magis SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Magis 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 10.50% mean?
Magis SpA (MIL:MGS) has a ROC (Joel Greenblatt) % of 10.50% 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 Magis SpA and its competitors. This is 68% below median its historical median of 32.56. Over the past decade, Magis SpA's ROC (Joel Greenblatt) % has ranged from 13.64 to 42.08. According to the industry distribution chart, Magis SpA ranks #598 out of 1606 companies in the Chemicals industry, placing it in the top 37.2%.
Is Magis SpA's ROC (Joel Greenblatt) % too high?
Magis SpA's current ROC (Joel Greenblatt) % of 10.50% is 68% below median its 10-year median of 32.56. Over the past 10 years, this metric has ranged from a low of 13.64 to a high of 42.08. The Chemicals industry median ROC (Joel Greenblatt) % is 9.38. Magis SpA's value of 10.50% is 11.9% above this industry median. Based on the distribution chart, Magis SpA ranks #598 out of 1606 companies in the Chemicals industry, which is above the industry midpoint. Overall, Magis SpA has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Magis SpA's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Magis SpA ranks #598 out of 1606 companies for ROC (Joel Greenblatt) %. This puts Magis SpA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.38. Magis SpA's value of 10.50% is 11.9% above this benchmark. Historically, Magis SpA's own ROC (Joel Greenblatt) % has ranged from 13.64 to 42.08 over the past decade. While the company's 10-year median is 32.56 vs. the industry median of 9.38, Magis 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.38, based on 1,606 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. Magis SpA's current ROC (Joel Greenblatt) % of 10.50% is 11.9% 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 Magis SpA and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magis SpA's current ROC (Joel Greenblatt) % is 10.50%, which is 68% below median its own 10-year median of 32.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magis SpA stock overvalued right now?
Based on GuruFocus' analysis, Magis SpA (MIL:MGS) is currently considered Modestly Undervalued. The stock's GF Value™ is €11.36, compared to a current price of €9.60 — trading 15.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.50%, which is 68% below median its 10-year median of 32.56 and 11.9% above the Chemicals industry median of 9.38. Magis SpA's overall GF Score™ is 62/100 with 2 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 Magis SpA (MIL:MGS), the current ROC (Joel Greenblatt) % is 10.50% 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 Magis SpA (MIL:MGS) Overvalued in 2026?
Based on GuruFocus' analysis, Magis SpA stock appears to be undervalued.
The current stock price of €9.60 is trading 15.5% below its estimated GF Value™ of €11.36.
GuruFocus considers Magis SpA to be Modestly Undervalued.
Key valuation signals for MIL:MGS:
ROC (Joel Greenblatt) %: 10.50% (68% below median its 10-year median of 32.56)
GF Value™: €11.36 vs. price of €9.60 (15.5% below fair value)
Industry Position: 11.9% above the Chemicals median (#598 of 1606)
No single metric tells the full story. See the MIL:MGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magis SpA engages in the production of customized adhesive tapes, packaging products, and closure systems for disposable nappies and adult incontinence products. Its products comprise Bopp tapes, Bopet tapes, Duct tapes, Crepe tapes, and Mopp tapes.
62GF Score
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