SP Group ASSPGGF 95 ROC (Joel Greenblatt) % is 23.00% as of Mar. 2026, which is 26% above its 10-year median of 18.29. GuruFocus rates SPGGF with a GF Score™ of 95/100 and a GF Value™ of $23.45. The stock has 8 warning signs investors should review. Among 1,606 Chemicals companies, SP Group AS ranks better than 73.41% 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. SP Group AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.00%.
The historical rank and industry rank for SP Group AS's ROC (Joel Greenblatt) % or its related term are showing as below:
SPGGF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.19 Med: 18.29 Max: 24.43
Current: 18.81
During the past 13 years, SP Group AS's highest ROC (Joel Greenblatt) % was 24.43%. The lowest was 13.19%. And the median was 18.29%.
SPGGF's ROC (Joel Greenblatt) % is ranked better than 73.41% of 1606
companies
in the Chemicals industry
Industry Median: 9.38
vs SPGGF: 18.81
SP Group AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.40% per year.
SP Group AS (OTCPK:SPGGF) 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.
SP Group AS ROC (Joel Greenblatt) % Historical Data
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The historical data trend for SP Group 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.
SPGGF vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, SP Group 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.
SP Group AS ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, SP Group AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SP Group AS'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 23.00% mean?
SP Group AS (SPGGF) has a ROC (Joel Greenblatt) % of 23.00% 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 SP Group AS and its competitors. This is 26% above median its historical median of 18.29. Over the past decade, SP Group AS's ROC (Joel Greenblatt) % has ranged from 13.19 to 24.43. According to the industry distribution chart, SP Group AS ranks #427 out of 1606 companies in the Chemicals industry, placing it in the top 26.6%.
Is SP Group AS's ROC (Joel Greenblatt) % too high?
SP Group AS's current ROC (Joel Greenblatt) % of 23.00% is 26% above median its 10-year median of 18.29. Over the past 10 years, this metric has ranged from a low of 13.19 to a high of 24.43. The Chemicals industry median ROC (Joel Greenblatt) % is 9.38. SP Group AS's value of 23.00% is 145.2% above this industry median. Based on the distribution chart, SP Group AS ranks #427 out of 1606 companies in the Chemicals industry, which is above the industry midpoint. Overall, SP Group AS has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does SP Group AS's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, SP Group AS ranks #427 out of 1606 companies for ROC (Joel Greenblatt) %. This puts SP Group AS in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.38. SP Group AS's value of 23.00% is 145.2% above this benchmark. Historically, SP Group AS's own ROC (Joel Greenblatt) % has ranged from 13.19 to 24.43 over the past decade. While the company's 10-year median is 18.29 vs. the industry median of 9.38, SP Group AS 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.38, based on 1,606 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. SP Group AS's current ROC (Joel Greenblatt) % of 23.00% is 145.2% 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 SP Group AS and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SP Group AS's current ROC (Joel Greenblatt) % is 23.00%, which is 26% above median its own 10-year median of 18.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SP Group AS stock overvalued right now?
SP Group AS (SPGGF) has a current ROC (Joel Greenblatt) % of 23.00%. The stock's GF Value™ is $23.45, compared to a current price of $29.71 — trading 26.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 23.00%, which is 26% above median its 10-year median of 18.29 and 145.2% above the Chemicals industry median of 9.38. SP Group AS's overall GF Score™ is 95/100 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 SP Group AS (SPGGF), the current ROC (Joel Greenblatt) % is 23.00% 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 SP Group AS (SPGGF) Overvalued in 2026?
Based on GuruFocus' analysis, SP Group AS stock appears to be overvalued.
The current stock price of $29.71 is trading 26.7% above its estimated GF Value™ of $23.45.
Key valuation signals for SPGGF:
ROC (Joel Greenblatt) %: 23.00% (26% above median its 10-year median of 18.29)
GF Value™: $23.45 vs. price of $29.71 (26.7% above fair value)
Industry Position: 145.2% above the Chemicals median (#427 of 1606)
No single metric tells the full story. See the SPGGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SP Group AS develops and manufactures solutions in plastics using multiple production technologies. It is a supplier of manufactured plastic products for the manufacturing industries. Its solutions include 3D print, Assembly, Blow Moulding, Injection Moulding, , Precision Plastic Machining, among others. Its segments include Denmark, Norway, Sweden, Finland, Latvia, Slovakia, The Netherlands, Poland, North America, China, and Thailand, with Denmark generating the majority of the revenue.
95GF Score
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