Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Assa Abloy ABSTU:ALZC +1.45%91 ROC (Joel Greenblatt) % is 96.92% as of Jun. 2026, which is 15% above its 10-year median of 84.44. GuruFocus rates STU:ALZC with a GF Score™ of 91/100 and a GF Value™ of €29.92 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,082 Business Services companies, Assa Abloy AB ranks better than 79.76% 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. Assa Abloy AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 96.92%.
The historical rank and industry rank for Assa Abloy AB's ROC (Joel Greenblatt) % or its related term are showing as below:
STU:ALZC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 45.31 Med: 84.44 Max: 95.28
Current: 94.11
During the past 13 years, Assa Abloy AB's highest ROC (Joel Greenblatt) % was 95.28%. The lowest was 45.31%. And the median was 84.44%.
STU:ALZC's ROC (Joel Greenblatt) % is ranked better than 79.76% of 1082
companies
in the Business Services industry
Industry Median: 21.23
vs STU:ALZC: 94.11
Assa Abloy AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.60% per year.
Assa Abloy AB (STU:ALZC) 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.
Assa Abloy AB ROC (Joel Greenblatt) % Related Terms
Assa Abloy AB ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Assa Abloy 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.
STU:ALZC vs ALLE, MSA, ADT: ROC (Joel Greenblatt) % Comparison
For the Security & Protection Services subindustry, Assa Abloy 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.
Assa Abloy AB ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Assa Abloy AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Assa Abloy 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 (Jun. 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 96.92% mean?
Assa Abloy AB (STU:ALZC) has a ROC (Joel Greenblatt) % of 96.92% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Assa Abloy AB and its competitors. This is 15% above median its historical median of 84.44. Over the past decade, Assa Abloy AB's ROC (Joel Greenblatt) % has ranged from 45.31 to 95.28. According to the industry distribution chart, Assa Abloy AB ranks #219 out of 1082 companies in the Business Services industry, placing it in the top 20.2%.
Is Assa Abloy AB's ROC (Joel Greenblatt) % too high?
Assa Abloy AB's current ROC (Joel Greenblatt) % of 96.92% is 15% above median its 10-year median of 84.44. Over the past 10 years, this metric has ranged from a low of 45.31 to a high of 95.28. The Business Services industry median ROC (Joel Greenblatt) % is 21.23. Assa Abloy AB's value of 96.92% is 356.5% above this industry median. Based on the distribution chart, Assa Abloy AB ranks #219 out of 1082 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Assa Abloy AB has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Assa Abloy AB's ROC (Joel Greenblatt) % compare to ALLE and MSA?
According to the Business Services industry distribution chart, Assa Abloy AB ranks #219 out of 1082 companies for ROC (Joel Greenblatt) %. This places Assa Abloy AB in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 21.23. Assa Abloy AB's value of 96.92% is 356.5% above this benchmark. Historically, Assa Abloy AB's own ROC (Joel Greenblatt) % has ranged from 45.31 to 95.28 over the past decade. While the company's 10-year median is 84.44 vs. the industry median of 21.23, Assa Abloy 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 a Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.23, based on 1,082 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. Assa Abloy AB's current ROC (Joel Greenblatt) % of 96.92% is 356.5% 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 Assa Abloy AB and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Assa Abloy AB's current ROC (Joel Greenblatt) % is 96.92%, which is 15% above median its own 10-year median of 84.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Assa Abloy AB stock overvalued right now?
Based on GuruFocus' analysis, Assa Abloy AB (STU:ALZC) is currently considered Fairly Valued. The stock's GF Value™ is €29.92, compared to a current price of €31.38 — trading 4.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 96.92%, which is 15% above median its 10-year median of 84.44 and 356.5% above the Business Services industry median of 21.23. Assa Abloy AB's overall GF Score™ is 91/100 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 Assa Abloy AB (STU:ALZC), the current ROC (Joel Greenblatt) % is 96.92% as of Jun. 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 Assa Abloy AB (STU:ALZC) Overvalued in 2026?
Based on GuruFocus' analysis, Assa Abloy AB stock appears to be overvalued.
The current stock price of €31.38 is trading 4.9% above its estimated GF Value™ of €29.92.
GuruFocus considers Assa Abloy AB to be Fairly Valued.
Key valuation signals for STU:ALZC:
ROC (Joel Greenblatt) %: 96.92% (15% above median its 10-year median of 84.44)
GF Value™: €29.92 vs. price of €31.38 (4.9% above fair value)
Industry Position: 356.5% above the Business Services median (#219 of 1082)
No single metric tells the full story. See the STU:ALZC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Assa Abloy is the world's largest supplier of locking and physical access solutions, sporting the world's largest installed base of locks that protect some of the most security-sensitive buildings, such as the European Parliament in Brussels. Some 70% of the group's revenue is derived from commercial, government, and other nonresidential customers. The company's product base is centered on electromechanical locks, which require identification to unlock with a keycard, biometric scan, or personal identification number. Assa Abloy's products are sold directly to security systems integrators, locksmiths, hardware stores, and original equipment manufacturers.
91GF Score
Get the complete analysis for STU:ALZC
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:ALZC has been successfully added to your 
