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SANUWAVE HealthSNWV +6.22%38 ROC (Joel Greenblatt) % is -107.59% as of Mar. 2026. GuruFocus rates SNWV with a GF Score™ of 38/100 and a GF Value™ of $12.04 (Fairly Valued). The stock has 8 warning signs investors should review. Among 840 Medical Devices & Instruments companies, SANUWAVE Health ranks better than 99.76% 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. SANUWAVE Health's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -107.59%.
The historical rank and industry rank for SANUWAVE Health's ROC (Joel Greenblatt) % or its related term are showing as below:
SNWV'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10340.58 Med: -2094.58 Max: 978.17
Current: 842.03
During the past 13 years, SANUWAVE Health's highest ROC (Joel Greenblatt) % was 978.17%. The lowest was -10340.58%. And the median was -2094.58%.
SNWV's ROC (Joel Greenblatt) % is ranked better than 99.76% of 840
companies
in the Medical Devices & Instruments industry
Industry Median: 4.145
vs SNWV: 842.03
SANUWAVE Health's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
SANUWAVE Health (NAS:SNWV) 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.
SANUWAVE Health ROC (Joel Greenblatt) % Related Terms
SANUWAVE Health ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for SANUWAVE Health'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.
SNWV vs RTGN, NNOX, LNSR: ROC (Joel Greenblatt) % Comparison
For the Medical Devices subindustry, SANUWAVE Health'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.
SANUWAVE Health ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, SANUWAVE Health's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SANUWAVE Health's ROC (Joel Greenblatt) % falls into.
SANUWAVE Health 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 -107.59% mean?
SANUWAVE Health (SNWV) has a ROC (Joel Greenblatt) % of -107.59% 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 SANUWAVE Health and its competitors. According to the industry distribution chart, SANUWAVE Health ranks #2 out of 840 companies in the Medical Devices & Instruments industry, placing it in the top 0.2%.
Is SANUWAVE Health's ROC (Joel Greenblatt) % too high?
SANUWAVE Health's current ROC (Joel Greenblatt) % is -107.59%. Based on the distribution chart, SANUWAVE Health ranks #2 out of 840 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, SANUWAVE Health has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SANUWAVE Health's ROC (Joel Greenblatt) % compare to RTGN and NNOX?
According to the Medical Devices & Instruments industry distribution chart, SANUWAVE Health ranks #2 out of 840 companies for ROC (Joel Greenblatt) %. This places SANUWAVE Health in the top 0% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 4.15. 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 Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 4.15, based on 840 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. 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 SANUWAVE Health and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SANUWAVE Health's current ROC (Joel Greenblatt) % is -107.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SANUWAVE Health stock overvalued right now?
Based on GuruFocus' analysis, SANUWAVE Health (SNWV) is currently considered Fairly Valued. The stock's GF Value™ is $12.04, compared to a current price of $11.96 — trading 0.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is -107.59%. SANUWAVE Health's overall GF Score™ is 38/100 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 SANUWAVE Health (SNWV), the current ROC (Joel Greenblatt) % is -107.59% 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 SANUWAVE Health (SNWV) Overvalued in 2026?
Based on GuruFocus' analysis, SANUWAVE Health stock appears to be undervalued.
The current stock price of $11.96 is trading 0.7% below its estimated GF Value™ of $12.04.
GuruFocus considers SANUWAVE Health to be Fairly Valued.
Key valuation signals for SNWV:
ROC (Joel Greenblatt) %: -107.59%
GF Value™: $12.04 vs. price of $11.96 (0.7% below fair value)
No single metric tells the full story. See the SNWV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SANUWAVE Health Inc is a medical device company providing directed energy products into the wound care space. It is focused on the commercialization of its patented regenerative medicine utilizing noninvasive ultrasound or shockwaves to produce a biological response promoting the repair and regeneration of tissue, musculoskeletal, and vascular structures. Sanuwave's patented, FDA-cleared, and commercialised product is the UltraMIST system, which is used to treat a variety of acute and chronic wounds using ultrasound technology. The company operates in one reportable segment, the design and sale of medical devices. Geographically, the company generates revenue mainly from the United States.
38GF Score
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