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. Arctic Fish Holding AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.52%.
The historical rank and industry rank for Arctic Fish Holding AS's ROC (Joel Greenblatt) % or its related term are showing as below:
OSL:AFISH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.39 Med: -1.96 Max: 14.25
Current: -1.76
During the past 8 years, Arctic Fish Holding AS's highest ROC (Joel Greenblatt) % was 14.25%. The lowest was -9.39%. And the median was -1.96%.
OSL:AFISH's ROC (Joel Greenblatt) % is ranked worse than 79.8% of 1970
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs OSL:AFISH: -1.76
Arctic Fish Holding AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Arctic Fish Holding AS (OSL:AFISH) 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.
Arctic Fish Holding AS ROC (Joel Greenblatt) % Related Terms
Arctic Fish Holding AS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Arctic Fish Holding AS'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.
Arctic Fish Holding AS ROC (Joel Greenblatt) % Chart
OSL:AFISH vs ADM, BG, TSN: ROC (Joel Greenblatt) % Comparison
For the Farm Products subindustry, Arctic Fish Holding AS'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.
Arctic Fish Holding AS ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Arctic Fish Holding AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Arctic Fish Holding AS's ROC (Joel Greenblatt) % falls into.
Arctic Fish Holding AS 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 (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 10.52% mean?
Arctic Fish Holding AS (OSL:AFISH) has a ROC (Joel Greenblatt) % of 10.52% 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 Arctic Fish Holding AS and its competitors. According to the industry distribution chart, Arctic Fish Holding AS ranks #1572 out of 1970 companies in the Consumer Packaged Goods industry, placing it in the top 79.8%.
Is Arctic Fish Holding AS's ROC (Joel Greenblatt) % too high?
Arctic Fish Holding AS's current ROC (Joel Greenblatt) % is 10.52%. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Arctic Fish Holding AS's value of 10.52% is 12.3% below this industry median. Based on the distribution chart, Arctic Fish Holding AS ranks #1572 out of 1970 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Arctic Fish Holding AS has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arctic Fish Holding AS's ROC (Joel Greenblatt) % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Arctic Fish Holding AS ranks #1572 out of 1970 companies for ROC (Joel Greenblatt) %. This places Arctic Fish Holding AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Arctic Fish Holding AS's value of 10.52% is 12.3% below this benchmark. 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,970 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. Arctic Fish Holding AS's current ROC (Joel Greenblatt) % of 10.52% is 12.3% below 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 Arctic Fish Holding AS and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arctic Fish Holding AS's current ROC (Joel Greenblatt) % is 10.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arctic Fish Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Arctic Fish Holding AS (OSL:AFISH) is currently considered Possible Value Trap. The stock's GF Value™ is kr57.75, compared to a current price of kr25.00 — trading 56.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.52% and 12.3% below the Consumer Packaged Goods industry median of 11.99. Arctic Fish Holding AS's overall GF Score™ is 78/100 with 8 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 Arctic Fish Holding AS (OSL:AFISH), the current ROC (Joel Greenblatt) % is 10.52% 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 Arctic Fish Holding AS (OSL:AFISH) Overvalued in 2026?
Based on GuruFocus' analysis, Arctic Fish Holding AS stock appears to be undervalued.
The current stock price of kr25.00 is trading 56.7% below its estimated GF Value™ of kr57.75.
GuruFocus considers Arctic Fish Holding AS to be Possible Value Trap.
Key valuation signals for OSL:AFISH:
ROC (Joel Greenblatt) %: 10.52%
GF Value™: kr57.75 vs. price of kr25.00 (56.7% below fair value)
Industry Position: 12.3% below the Consumer Packaged Goods median (#1572 of 1970)
No single metric tells the full story. See the OSL:AFISH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arctic Fish Holding AS is a fish farming company. It is engaged in farming and marketing Atlantic salmon. The fish farming business includes smolt production, salmon farming, harvesting activities, and sales of harvested fish.
78GF 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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