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. Tamburi Investment Partners SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1,376.83%.
The historical rank and industry rank for Tamburi Investment Partners SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:TIP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 358.33 Med: 4729.98 Max: 68077.89
Current: 3645.31
During the past 13 years, Tamburi Investment Partners SpA's highest ROC (Joel Greenblatt) % was 68077.89%. The lowest was 358.33%. And the median was 4729.98%.
MIL:TIP's ROC (Joel Greenblatt) % is ranked better than 91.21% of 626
companies
in the Asset Management industry
Industry Median: 62.7
vs MIL:TIP: 3645.31
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.
MIL:TIP vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Tamburi Investment Partners 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.
Tamburi Investment Partners SpA ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Tamburi Investment Partners SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tamburi Investment Partners 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 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 -1,376.83% mean?
Tamburi Investment Partners SpA (MIL:TIP) has a ROC (Joel Greenblatt) % of -1,376.83% 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 Tamburi Investment Partners SpA and its competitors. Over the past decade, Tamburi Investment Partners SpA's ROC (Joel Greenblatt) % has ranged from 358.33 to 68,077.89. According to the industry distribution chart, Tamburi Investment Partners SpA ranks #55 out of 626 companies in the Asset Management industry, placing it in the top 8.8%.
Is Tamburi Investment Partners SpA's ROC (Joel Greenblatt) % too high?
Tamburi Investment Partners SpA's current ROC (Joel Greenblatt) % is -1,376.83%. Over the past 10 years, this metric has ranged from a low of 358.33 to a high of 68,077.89. Based on the distribution chart, Tamburi Investment Partners SpA ranks #55 out of 626 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Tamburi Investment Partners SpA has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tamburi Investment Partners SpA's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Tamburi Investment Partners SpA ranks #55 out of 626 companies for ROC (Joel Greenblatt) %. This places Tamburi Investment Partners SpA in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 62.70. Historically, Tamburi Investment Partners SpA's own ROC (Joel Greenblatt) % has ranged from 358.33 to 68,077.89 over the past decade. 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 Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 62.70, based on 626 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. 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 Tamburi Investment Partners SpA and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 62.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tamburi Investment Partners SpA's current ROC (Joel Greenblatt) % is -1,376.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamburi Investment Partners SpA stock overvalued right now?
Based on GuruFocus' analysis, Tamburi Investment Partners SpA (MIL:TIP) is currently considered Fairly Valued. The stock's GF Value™ is €9.41, compared to a current price of €9.51 — trading 1.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is -1,376.83%. Tamburi Investment Partners SpA's overall GF Score™ is 67/100 with 10 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 Tamburi Investment Partners SpA (MIL:TIP), the current ROC (Joel Greenblatt) % is -1,376.83% 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 Tamburi Investment Partners SpA (MIL:TIP) Overvalued in 2026?
Based on GuruFocus' analysis, Tamburi Investment Partners SpA stock appears to be overvalued.
The current stock price of €9.51 is trading 1.1% above its estimated GF Value™ of €9.41.
GuruFocus considers Tamburi Investment Partners SpA to be Fairly Valued.
Key valuation signals for MIL:TIP:
ROC (Joel Greenblatt) %: -1,376.83%
GF Value™: €9.41 vs. price of €9.51 (1.1% above fair value)
No single metric tells the full story. See the MIL:TIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tamburi Investment Partners SpA Business Description
Tamburi Investment Partners SpA is an independent investment merchant bank. It is engaged in minority investments and advisory in corporate finance transactions. The company involves in listed and unlisted companies as a shareholder for the transactions below certain benchmarks and also in corporate finance operations in particular acquisitions and sales through the division.
67GF Score
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