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Hallenstein Glassons HoldingsNZSE:HLG +1.32%95 ROC (Joel Greenblatt) % is 64.45% as of Jan. 2026, which is 362% above its 10-year median of 13.95. GuruFocus rates NZSE:HLG with a GF Score™ of 95/100 and a GF Value™ of NZ$8.46 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,132 Retail - Cyclical companies, Hallenstein Glassons Holdings ranks better than 68.55% 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. Hallenstein Glassons Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 64.45%.
The historical rank and industry rank for Hallenstein Glassons Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
NZSE:HLG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.05 Med: 13.95 Max: 67.82
Current: 23.12
During the past 13 years, Hallenstein Glassons Holdings's highest ROC (Joel Greenblatt) % was 67.82%. The lowest was 2.05%. And the median was 13.95%.
NZSE:HLG's ROC (Joel Greenblatt) % is ranked better than 68.55% of 1132
companies
in the Retail - Cyclical industry
Industry Median: 11.91
vs NZSE:HLG: 23.12
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.
NZSE:HLG vs TJX, ROST, BURL: ROC (Joel Greenblatt) % Comparison
For the Apparel Retail subindustry, Hallenstein Glassons Holdings'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.
Hallenstein Glassons Holdings ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Hallenstein Glassons Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hallenstein Glassons Holdings'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 (Jan. 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 64.45% mean?
Hallenstein Glassons Holdings (NZSE:HLG) has a ROC (Joel Greenblatt) % of 64.45% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Hallenstein Glassons Holdings and its competitors. This is 362% above median its historical median of 13.95. Over the past decade, Hallenstein Glassons Holdings' ROC (Joel Greenblatt) % has ranged from 2.05 to 67.82. According to the industry distribution chart, Hallenstein Glassons Holdings ranks #356 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 31.4%.
Is Hallenstein Glassons Holdings' ROC (Joel Greenblatt) % too high?
Hallenstein Glassons Holdings' current ROC (Joel Greenblatt) % of 64.45% is 362% above median its 10-year median of 13.95. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 67.82. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.91. Hallenstein Glassons Holdings' value of 64.45% is 441.1% above this industry median. Based on the distribution chart, Hallenstein Glassons Holdings ranks #356 out of 1132 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Hallenstein Glassons Holdings has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hallenstein Glassons Holdings' ROC (Joel Greenblatt) % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Hallenstein Glassons Holdings ranks #356 out of 1132 companies for ROC (Joel Greenblatt) %. This puts Hallenstein Glassons Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.91. Hallenstein Glassons Holdings' value of 64.45% is 441.1% above this benchmark. Historically, Hallenstein Glassons Holdings' own ROC (Joel Greenblatt) % has ranged from 2.05 to 67.82 over the past decade. While the company's 10-year median is 13.95 vs. the industry median of 11.91, Hallenstein Glassons Holdings 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.91, based on 1,132 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. Hallenstein Glassons Holdings's current ROC (Joel Greenblatt) % of 64.45% is 441.1% 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 Hallenstein Glassons Holdings and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hallenstein Glassons Holdings's current ROC (Joel Greenblatt) % is 64.45%, which is 362% above median its own 10-year median of 13.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hallenstein Glassons Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hallenstein Glassons Holdings (NZSE:HLG) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$8.46, compared to a current price of NZ$10.74 — trading 27% above its estimated fair value. The current ROC (Joel Greenblatt) % is 64.45%, which is 362% above median its 10-year median of 13.95 and 441.1% above the Retail - Cyclical industry median of 11.91. Hallenstein Glassons Holdings' overall GF Score™ is 95/100 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 Hallenstein Glassons Holdings (NZSE:HLG), the current ROC (Joel Greenblatt) % is 64.45% as of Jan. 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 Hallenstein Glassons Holdings (NZSE:HLG) Overvalued in 2026?
Based on GuruFocus' analysis, Hallenstein Glassons Holdings stock appears to be overvalued.
The current stock price of NZ$10.74 is trading 27% above its estimated GF Value™ of NZ$8.46.
GuruFocus considers Hallenstein Glassons Holdings to be Modestly Overvalued.
Key valuation signals for NZSE:HLG:
ROC (Joel Greenblatt) %: 64.45% (362% above median its 10-year median of 13.95)
GF Value™: NZ$8.46 vs. price of NZ$10.74 (27% above fair value)
Industry Position: 441.1% above the Retail - Cyclical median (#356 of 1132)
No single metric tells the full story. See the NZSE:HLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hallenstein Glassons Holdings Ltd along with its subsidiaries is engaged in retailing men's and women's apparel. Its operating segment includes Glassons New Zealand; Glassons Australia; Hallenstein; Property and others. The company generates maximum revenue from the Glassons New Zealand segment.
95GF Score
Get the complete analysis for NZSE:HLG
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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