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Byggma ASAOSL:BMA -7.87%62 ROC (Joel Greenblatt) % is 61.89% as of Mar. 2026, which is 419% above its 10-year median of 11.92. GuruFocus rates OSL:BMA with a GF Score™ of 62/100 and a GF Value™ of kr15.69 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,782 Construction companies, Byggma ASA ranks better than 54.21% 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. Byggma ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 61.89%.
The historical rank and industry rank for Byggma ASA's ROC (Joel Greenblatt) % or its related term are showing as below:
OSL:BMA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.39 Med: 11.92 Max: 48.14
Current: 22.7
During the past 13 years, Byggma ASA's highest ROC (Joel Greenblatt) % was 48.14%. The lowest was -16.39%. And the median was 11.92%.
OSL:BMA's ROC (Joel Greenblatt) % is ranked better than 54.21% of 1782
companies
in the Construction industry
Industry Median: 19.56
vs OSL:BMA: 22.70
Byggma ASA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Byggma ASA ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Byggma ASA'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.
OSL:BMA vs TT, JCI, CARR: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Byggma ASA'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.
Byggma ASA ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Byggma ASA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Byggma ASA'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 61.89% mean?
Byggma ASA (OSL:BMA) has a ROC (Joel Greenblatt) % of 61.89% 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 Byggma ASA and its competitors. This is 419% above median its historical median of 11.92. According to the industry distribution chart, Byggma ASA ranks #816 out of 1782 companies in the Construction industry, placing it in the top 45.8%.
Is Byggma ASA's ROC (Joel Greenblatt) % too high?
Byggma ASA's current ROC (Joel Greenblatt) % of 61.89% is 419% above median its 10-year median of 11.92. The Construction industry median ROC (Joel Greenblatt) % is 19.56. Byggma ASA's value of 61.89% is 216.4% above this industry median. Based on the distribution chart, Byggma ASA ranks #816 out of 1782 companies in the Construction industry, which is above the industry midpoint. Overall, Byggma ASA has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Byggma ASA's ROC (Joel Greenblatt) % compare to TT and JCI?
According to the Construction industry distribution chart, Byggma ASA ranks #816 out of 1782 companies for ROC (Joel Greenblatt) %. This puts Byggma ASA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.56. Byggma ASA's value of 61.89% is 216.4% above this benchmark. While the company's 10-year median is 11.92 vs. the industry median of 19.56, Byggma ASA 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.56, based on 1,782 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. Byggma ASA's current ROC (Joel Greenblatt) % of 61.89% is 216.4% 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 Byggma ASA and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Byggma ASA's current ROC (Joel Greenblatt) % is 61.89%, which is 419% above median its own 10-year median of 11.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Byggma ASA stock overvalued right now?
Based on GuruFocus' analysis, Byggma ASA (OSL:BMA) is currently considered Modestly Overvalued. The stock's GF Value™ is kr15.69, compared to a current price of kr19.90 — trading 26.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 61.89%, which is 419% above median its 10-year median of 11.92 and 216.4% above the Construction industry median of 19.56. Byggma ASA's overall GF Score™ is 62/100 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 Byggma ASA (OSL:BMA), the current ROC (Joel Greenblatt) % is 61.89% 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 Byggma ASA (OSL:BMA) Overvalued in 2026?
Based on GuruFocus' analysis, Byggma ASA stock appears to be overvalued.
The current stock price of kr19.90 is trading 26.8% above its estimated GF Value™ of kr15.69.
GuruFocus considers Byggma ASA to be Modestly Overvalued.
Key valuation signals for OSL:BMA:
ROC (Joel Greenblatt) %: 61.89% (419% above median its 10-year median of 11.92)
GF Value™: kr15.69 vs. price of kr19.90 (26.8% above fair value)
Industry Position: 216.4% above the Construction median (#816 of 1782)
No single metric tells the full story. See the OSL:BMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Byggma ASA is a supplier of building materials in the Nordic countries. Its operating segment includes Panels; Lighting; Windows; Beams and Byggma other. It generates maximum revenue from the Panels segment. The company's brands include Huntonit, Manonite, Forestia, Uldal, Scan Lamps and Aneta. It is involved in projects ranging from public buildings, commercial and private homes. Geographically, it derives a majority of revenue from Norway.
62GF Score
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