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Scandinavian Astor Group ABNGM:ASTOR +0.27%55 ROC (Joel Greenblatt) % is 18.39% as of Mar. 2026, which is 10117% above its 10-year median of 0.18. GuruFocus rates NGM:ASTOR with a GF Score™ of 55/100 and a GF Value™ of kr37.96 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 357 Aerospace & Defense companies, Scandinavian Astor Group AB ranks better than 63.31% 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. Scandinavian Astor Group AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.39%.
The historical rank and industry rank for Scandinavian Astor Group AB's ROC (Joel Greenblatt) % or its related term are showing as below:
NGM:ASTOR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -21.65 Med: 0.18 Max: 22.43
Current: 22.43
During the past 4 years, Scandinavian Astor Group AB's highest ROC (Joel Greenblatt) % was 22.43%. The lowest was -21.65%. And the median was 0.18%.
NGM:ASTOR's ROC (Joel Greenblatt) % is ranked better than 63.31% of 357
companies
in the Aerospace & Defense industry
Industry Median: 10.76
vs NGM:ASTOR: 22.43
Scandinavian Astor Group AB (NGM:ASTOR) 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.
* 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.
Scandinavian Astor Group AB ROC (Joel Greenblatt) % Chart
NGM:ASTOR vs SPCX, GE, RTX: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Scandinavian Astor Group 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.
Scandinavian Astor Group AB ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Scandinavian Astor Group AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Scandinavian Astor Group AB's ROC (Joel Greenblatt) % falls into.
Scandinavian Astor Group AB ROC (Joel Greenblatt) % Calculation
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 18.39% mean?
Scandinavian Astor Group AB (NGM:ASTOR) has a ROC (Joel Greenblatt) % of 18.39% 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 Scandinavian Astor Group AB and its competitors. This is 10117% above median its historical median of 0.18. According to the industry distribution chart, Scandinavian Astor Group AB ranks #131 out of 357 companies in the Aerospace & Defense industry, placing it in the top 36.7%.
Is Scandinavian Astor Group AB's ROC (Joel Greenblatt) % too high?
Scandinavian Astor Group AB's current ROC (Joel Greenblatt) % of 18.39% is 10117% above median its 10-year median of 0.18. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.76. Scandinavian Astor Group AB's value of 18.39% is 70.9% above this industry median. Based on the distribution chart, Scandinavian Astor Group AB ranks #131 out of 357 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Scandinavian Astor Group AB has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Astor Group AB's ROC (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Scandinavian Astor Group AB ranks #131 out of 357 companies for ROC (Joel Greenblatt) %. This puts Scandinavian Astor Group AB in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.76. Scandinavian Astor Group AB's value of 18.39% is 70.9% above this benchmark. While the company's 10-year median is 0.18 vs. the industry median of 10.76, Scandinavian Astor Group 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 Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.76, based on 357 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. Scandinavian Astor Group AB's current ROC (Joel Greenblatt) % of 18.39% is 70.9% 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 Scandinavian Astor Group AB and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Astor Group AB's current ROC (Joel Greenblatt) % is 18.39%, which is 10117% above median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Astor Group AB stock overvalued right now?
Based on GuruFocus' analysis, Scandinavian Astor Group AB (NGM:ASTOR) is currently considered Possible Value Trap. The stock's GF Value™ is kr37.96, compared to a current price of kr18.60 — trading 51% below its estimated fair value. The current ROC (Joel Greenblatt) % is 18.39%, which is 10117% above median its 10-year median of 0.18 and 70.9% above the Aerospace & Defense industry median of 10.76. Scandinavian Astor Group AB's overall GF Score™ is 55/100 with 5 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 Scandinavian Astor Group AB (NGM:ASTOR), the current ROC (Joel Greenblatt) % is 18.39% 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 Scandinavian Astor Group AB (NGM:ASTOR) Overvalued in 2026?
Based on GuruFocus' analysis, Scandinavian Astor Group AB stock appears to be undervalued.
The current stock price of kr18.60 is trading 51% below its estimated GF Value™ of kr37.96.
GuruFocus considers Scandinavian Astor Group AB to be Possible Value Trap.
Key valuation signals for NGM:ASTOR:
ROC (Joel Greenblatt) %: 18.39% (10117% above median its 10-year median of 0.18)
GF Value™: kr37.96 vs. price of kr18.60 (51% below fair value)
Industry Position: 70.9% above the Aerospace & Defense median (#131 of 357)
No single metric tells the full story. See the NGM:ASTOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scandinavian Astor Group AB is a prominent player in the defence industry, specialising in delivering high-quality products, services and technical solutions, in the defence sector and civil security, and other industrial segments. The Group is divided into three business areas: Astor Industry, Astor Tech and Astor Protect. The company generates revenues by selling customized products and services to the defense and security sectors, as well as civilian markets. Geographically, it operates in Sweden, Other EMEA, Americas, and Asia Pacific.
55GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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