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Accordant GroupNZSE:AGL 33 ROC (Joel Greenblatt) % is -2.64% as of Mar. 2026. GuruFocus rates NZSE:AGL with a GF Score™ of 33/100 and a GF Value™ of NZ$0.38 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,083 Business Services companies, Accordant Group ranks worse than 79.5% 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. Accordant Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.64%.
The historical rank and industry rank for Accordant Group's ROC (Joel Greenblatt) % or its related term are showing as below:
NZSE:AGL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -76.76 Med: 47.07 Max: 1659.23
Current: -2.2
During the past 13 years, Accordant Group's highest ROC (Joel Greenblatt) % was 1659.23%. The lowest was -76.76%. And the median was 47.07%.
NZSE:AGL's ROC (Joel Greenblatt) % is ranked worse than 79.5% of 1083
companies
in the Business Services industry
Industry Median: 21.99
vs NZSE:AGL: -2.20
Accordant Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Accordant Group (NZSE:AGL) 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.
Accordant Group ROC (Joel Greenblatt) % Related Terms
Accordant Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Accordant Group'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.
NZSE:AGL vs KFY, RHI, TNET: ROC (Joel Greenblatt) % Comparison
For the Staffing & Employment Services subindustry, Accordant Group'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.
Accordant Group ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Accordant Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Accordant Group's ROC (Joel Greenblatt) % falls into.
Accordant Group 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 two times the semi-annual (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 -2.64% mean?
Accordant Group (NZSE:AGL) has a ROC (Joel Greenblatt) % of -2.64% 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 Accordant Group and its competitors. According to the industry distribution chart, Accordant Group ranks #861 out of 1083 companies in the Business Services industry, placing it in the top 79.5%.
Is Accordant Group's ROC (Joel Greenblatt) % too high?
Accordant Group's current ROC (Joel Greenblatt) % is -2.64%. Based on the distribution chart, Accordant Group ranks #861 out of 1083 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Accordant Group has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Accordant Group's ROC (Joel Greenblatt) % compare to KFY and RHI?
According to the Business Services industry distribution chart, Accordant Group ranks #861 out of 1083 companies for ROC (Joel Greenblatt) %. This places Accordant Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 21.99. 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.99, based on 1,083 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 Accordant Group and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accordant Group's current ROC (Joel Greenblatt) % is -2.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accordant Group stock overvalued right now?
Based on GuruFocus' analysis, Accordant Group (NZSE:AGL) is currently considered Possible Value Trap. The stock's GF Value™ is NZ$0.38, compared to a current price of NZ$0.18 — trading 53.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is -2.64%. Accordant Group's overall GF Score™ is 33/100 with 7 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 Accordant Group (NZSE:AGL), the current ROC (Joel Greenblatt) % is -2.64% 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 Accordant Group (NZSE:AGL) Overvalued in 2026?
Based on GuruFocus' analysis, Accordant Group stock appears to be undervalued.
The current stock price of NZ$0.18 is trading 53.9% below its estimated GF Value™ of NZ$0.38.
GuruFocus considers Accordant Group to be Possible Value Trap.
Key valuation signals for NZSE:AGL:
ROC (Joel Greenblatt) %: -2.64%
GF Value™: NZ$0.38 vs. price of NZ$0.18 (53.9% below fair value)
No single metric tells the full story. See the NZSE:AGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Accordant Group Ltd is a recruitment and staffing provider company. The group has two reportable segments: Blue Collar Reporting Segment and White Collar Reporting Segment. Blue Collar Reporting Segment: AWF operates branches under the brand names AWF (throughout New Zealand)and Select (Dunedin), which provide contingent labour hire associated with infrastructure, logistics, manufacturing, technical, and construction. The Work Collective (TWC)provides opportunities for those who face barriers to employment. White Collar Reporting Segment: The White Collar segment provides contingent temporary employees, contractors, permanent placement, and executive search services.
33GF Score
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