Sandvik ABSDVKF 82 ROC (Joel Greenblatt) % is 37.67% as of Mar. 2026, which is 5% below its 10-year median of 39.59. GuruFocus rates SDVKF with a GF Score™ of 82/100 and a GF Value™ of $22.61 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 3,058 Industrial Products companies, Sandvik AB ranks better than 82.64% 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. Sandvik AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 37.67%.
The historical rank and industry rank for Sandvik AB's ROC (Joel Greenblatt) % or its related term are showing as below:
SDVKF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 26.9 Med: 39.59 Max: 45.22
Current: 34.65
During the past 13 years, Sandvik AB's highest ROC (Joel Greenblatt) % was 45.22%. The lowest was 26.90%. And the median was 39.59%.
SDVKF's ROC (Joel Greenblatt) % is ranked better than 82.64% of 3058
companies
in the Industrial Products industry
Industry Median: 11.7
vs SDVKF: 34.65
Sandvik AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.10% per year.
Sandvik AB (OTCPK:SDVKF) 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.
Sandvik AB ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Sandvik AB'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.
SDVKF vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Sandvik AB'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.
Sandvik AB ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sandvik AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sandvik AB'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 37.67% mean?
Sandvik AB (SDVKF) has a ROC (Joel Greenblatt) % of 37.67% 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 Sandvik AB and its competitors. This is near median its historical median of 39.59. Over the past decade, Sandvik AB's ROC (Joel Greenblatt) % has ranged from 26.90 to 45.22. According to the industry distribution chart, Sandvik AB ranks #531 out of 3058 companies in the Industrial Products industry, placing it in the top 17.4%.
Is Sandvik AB's ROC (Joel Greenblatt) % too high?
Sandvik AB's current ROC (Joel Greenblatt) % of 37.67% is near median its 10-year median of 39.59. Over the past 10 years, this metric has ranged from a low of 26.90 to a high of 45.22. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.70. Sandvik AB's value of 37.67% is 222% above this industry median. Based on the distribution chart, Sandvik AB ranks #531 out of 3058 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Sandvik AB has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sandvik AB's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Sandvik AB ranks #531 out of 3058 companies for ROC (Joel Greenblatt) %. This places Sandvik AB in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.70. Sandvik AB's value of 37.67% is 222% above this benchmark. Historically, Sandvik AB's own ROC (Joel Greenblatt) % has ranged from 26.90 to 45.22 over the past decade. While the company's 10-year median is 39.59 vs. the industry median of 11.70, Sandvik AB 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.70, based on 3,058 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. Sandvik AB's current ROC (Joel Greenblatt) % of 37.67% is 222% 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 Sandvik AB and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sandvik AB's current ROC (Joel Greenblatt) % is 37.67%, which is near median its own 10-year median of 39.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandvik AB stock overvalued right now?
Based on GuruFocus' analysis, Sandvik AB (SDVKF) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.61, compared to a current price of $41.03 — trading 81.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 37.67%, which is near median its 10-year median of 39.59 and 222% above the Industrial Products industry median of 11.70. Sandvik AB's overall GF Score™ is 82/100 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 Sandvik AB (SDVKF), the current ROC (Joel Greenblatt) % is 37.67% 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 Sandvik AB (SDVKF) Overvalued in 2026?
Based on GuruFocus' analysis, Sandvik AB stock appears to be overvalued.
The current stock price of $41.03 is trading 81.4% above its estimated GF Value™ of $22.61.
GuruFocus considers Sandvik AB to be Significantly Overvalued.
Key valuation signals for SDVKF:
ROC (Joel Greenblatt) %: 37.67% (near median its 10-year median of 39.59)
GF Value™: $22.61 vs. price of $41.03 (81.4% above fair value)
Industry Position: 222% above the Industrial Products median (#531 of 3058)
No single metric tells the full story. See the SDVKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The group is composed of three segments: mining and rock solutions, rock processing, and machining. Sandvik was founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.
82GF Score
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