Rheinmetall AGRNMBF +1.10%84 ROC (Joel Greenblatt) % is 30.72% as of Mar. 2026, which is 17% below its 10-year median of 36.86. GuruFocus rates RNMBF with a GF Score™ of 84/100 and a GF Value™ of $919.08 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 355 Aerospace & Defense companies, Rheinmetall AG ranks better than 88.73% 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. Rheinmetall AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.72%.
The historical rank and industry rank for Rheinmetall AG's ROC (Joel Greenblatt) % or its related term are showing as below:
RNMBF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.9 Med: 36.86 Max: 74.49
Current: 62.34
During the past 13 years, Rheinmetall AG's highest ROC (Joel Greenblatt) % was 74.49%. The lowest was 20.90%. And the median was 36.86%.
RNMBF's ROC (Joel Greenblatt) % is ranked better than 88.73% of 355
companies
in the Aerospace & Defense industry
Industry Median: 10.76
vs RNMBF: 62.34
Rheinmetall AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 20.00% per year.
Rheinmetall AG (OTCPK:RNMBF) 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.
Rheinmetall AG ROC (Joel Greenblatt) % Related Terms
Rheinmetall AG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Rheinmetall AG'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.
RNMBF vs SPCX, GE, RTX: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Rheinmetall AG'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.
Rheinmetall AG ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rheinmetall AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rheinmetall AG's ROC (Joel Greenblatt) % falls into.
Rheinmetall AG 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 30.72% mean?
Rheinmetall AG (RNMBF) has a ROC (Joel Greenblatt) % of 30.72% 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 Rheinmetall AG and its competitors. This is 17% below median its historical median of 36.86. Over the past decade, Rheinmetall AG's ROC (Joel Greenblatt) % has ranged from 20.90 to 74.49. According to the industry distribution chart, Rheinmetall AG ranks #40 out of 355 companies in the Aerospace & Defense industry, placing it in the top 11.3%.
Is Rheinmetall AG's ROC (Joel Greenblatt) % too high?
Rheinmetall AG's current ROC (Joel Greenblatt) % of 30.72% is 17% below median its 10-year median of 36.86. Over the past 10 years, this metric has ranged from a low of 20.90 to a high of 74.49. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.76. Rheinmetall AG's value of 30.72% is 185.5% above this industry median. Based on the distribution chart, Rheinmetall AG ranks #40 out of 355 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Rheinmetall AG has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rheinmetall AG's ROC (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Rheinmetall AG ranks #40 out of 355 companies for ROC (Joel Greenblatt) %. This places Rheinmetall AG in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.76. Rheinmetall AG's value of 30.72% is 185.5% above this benchmark. Historically, Rheinmetall AG's own ROC (Joel Greenblatt) % has ranged from 20.90 to 74.49 over the past decade. While the company's 10-year median is 36.86 vs. the industry median of 10.76, Rheinmetall AG 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 355 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. Rheinmetall AG's current ROC (Joel Greenblatt) % of 30.72% is 185.5% 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 Rheinmetall AG 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. Rheinmetall AG's current ROC (Joel Greenblatt) % is 30.72%, which is 17% below median its own 10-year median of 36.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rheinmetall AG stock overvalued right now?
Based on GuruFocus' analysis, Rheinmetall AG (RNMBF) is currently considered Modestly Overvalued. The stock's GF Value™ is $919.08, compared to a current price of $1,142.42 — trading 24.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 30.72%, which is 17% below median its 10-year median of 36.86 and 185.5% above the Aerospace & Defense industry median of 10.76. Rheinmetall AG's overall GF Score™ is 84/100 with 2 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 Rheinmetall AG (RNMBF), the current ROC (Joel Greenblatt) % is 30.72% 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 Rheinmetall AG (RNMBF) Overvalued in 2026?
Based on GuruFocus' analysis, Rheinmetall AG stock appears to be overvalued.
The current stock price of $1,142.42 is trading 24.3% above its estimated GF Value™ of $919.08.
GuruFocus considers Rheinmetall AG to be Modestly Overvalued.
Key valuation signals for RNMBF:
ROC (Joel Greenblatt) %: 30.72% (17% below median its 10-year median of 36.86)
GF Value™: $919.08 vs. price of $1,142.42 (24.3% above fair value)
Industry Position: 185.5% above the Aerospace & Defense median (#40 of 355)
No single metric tells the full story. See the RNMBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapons and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapons and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators, and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.
84GF Score
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