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Springer Nature AG KGaASPGNY 41 ROC (Joel Greenblatt) % is 192.11% as of Dec. 2025, which is 71% above its 10-year median of 112.59. GuruFocus rates SPGNY with a GF Score™ of 41/100. The stock has 5 warning signs investors should review. Among 1,015 Media - Diversified companies, Springer Nature AG KGaA ranks better than 94.09% 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. Springer Nature AG KGaA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 192.11%.
The historical rank and industry rank for Springer Nature AG KGaA's ROC (Joel Greenblatt) % or its related term are showing as below:
SPGNY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.57 Med: 112.59 Max: 286.78
Current: 286.78
During the past 8 years, Springer Nature AG KGaA's highest ROC (Joel Greenblatt) % was 286.78%. The lowest was 13.57%. And the median was 112.59%.
SPGNY's ROC (Joel Greenblatt) % is ranked better than 94.09% of 1015
companies
in the Media - Diversified industry
Industry Median: 9.88
vs SPGNY: 286.78
Springer Nature AG KGaA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 27.80% per year.
Springer Nature AG KGaA (OTCPK:SPGNY) 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.
Springer Nature AG KGaA ROC (Joel Greenblatt) % Related Terms
Springer Nature AG KGaA ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Springer Nature AG KGaA'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.
Springer Nature AG KGaA ROC (Joel Greenblatt) % Chart
SPGNY vs NYT, WLY: ROC (Joel Greenblatt) % Comparison
For the Publishing subindustry, Springer Nature AG KGaA'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.
Springer Nature AG KGaA ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Springer Nature AG KGaA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Springer Nature AG KGaA's ROC (Joel Greenblatt) % falls into.
Springer Nature AG KGaA 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 two times the semi-annual (Dec. 2025) 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 192.11% mean?
Springer Nature AG KGaA (SPGNY) has a ROC (Joel Greenblatt) % of 192.11% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Springer Nature AG KGaA and its competitors. This is 71% above median its historical median of 112.59. Over the past decade, Springer Nature AG KGaA's ROC (Joel Greenblatt) % has ranged from 13.57 to 286.78. According to the industry distribution chart, Springer Nature AG KGaA ranks #60 out of 1015 companies in the Media - Diversified industry, placing it in the top 5.9%.
Is Springer Nature AG KGaA's ROC (Joel Greenblatt) % too high?
Springer Nature AG KGaA's current ROC (Joel Greenblatt) % of 192.11% is 71% above median its 10-year median of 112.59. Over the past 10 years, this metric has ranged from a low of 13.57 to a high of 286.78. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.88. Springer Nature AG KGaA's value of 192.11% is 1844.4% above this industry median. Based on the distribution chart, Springer Nature AG KGaA ranks #60 out of 1015 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Springer Nature AG KGaA has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Springer Nature AG KGaA's ROC (Joel Greenblatt) % compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Springer Nature AG KGaA ranks #60 out of 1015 companies for ROC (Joel Greenblatt) %. This places Springer Nature AG KGaA in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.88. Springer Nature AG KGaA's value of 192.11% is 1844.4% above this benchmark. Historically, Springer Nature AG KGaA's own ROC (Joel Greenblatt) % has ranged from 13.57 to 286.78 over the past decade. While the company's 10-year median is 112.59 vs. the industry median of 9.88, Springer Nature AG KGaA 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.88, based on 1,015 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. Springer Nature AG KGaA's current ROC (Joel Greenblatt) % of 192.11% is 1844.4% 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 Springer Nature AG KGaA and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Springer Nature AG KGaA's current ROC (Joel Greenblatt) % is 192.11%, which is 71% above median its own 10-year median of 112.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Springer Nature AG KGaA stock overvalued right now?
Springer Nature AG KGaA (SPGNY) has a current ROC (Joel Greenblatt) % of 192.11%. The current ROC (Joel Greenblatt) % is 192.11%, which is 71% above median its 10-year median of 112.59 and 1844.4% above the Media - Diversified industry median of 9.88. Springer Nature AG KGaA's overall GF Score™ is 41/100 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 Springer Nature AG KGaA (SPGNY), the current ROC (Joel Greenblatt) % is 192.11% as of Dec. 2025. 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.
Springer Nature AG & Co KGaA is a research, educational, and professional publisher providing content to communities through a range of platforms, products, and services. It offers journals, books, platforms, databases & and solutions. The company includes three Segments: Research, Education, and Health. The company operates in the Americas, APAC, Germany, and Other EMEA regions. The majority of revenue is generated from the research segment in America.
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