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ZEAL Network SESTU:TIM 87 ROC (Joel Greenblatt) % is 1,747.23% as of Mar. 2026, which is 175% above its 10-year median of 635.82. GuruFocus rates STU:TIM with a GF Score™ of 87/100 and a GF Value™ of €69.80 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 847 Travel & Leisure companies, ZEAL Network SE ranks better than 98.94% 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. ZEAL Network SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,747.23%.
The historical rank and industry rank for ZEAL Network SE's ROC (Joel Greenblatt) % or its related term are showing as below:
STU:TIM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 56.64 Med: 635.82 Max: 1945.78
Current: 1900.24
During the past 13 years, ZEAL Network SE's highest ROC (Joel Greenblatt) % was 1945.78%. The lowest was 56.64%. And the median was 635.82%.
STU:TIM's ROC (Joel Greenblatt) % is ranked better than 98.94% of 847
companies
in the Travel & Leisure industry
Industry Median: 9.91
vs STU:TIM: 1900.24
ZEAL Network SE's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 100.60% per year.
ZEAL Network SE (STU:TIM) 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.
ZEAL Network SE ROC (Joel Greenblatt) % Related Terms
ZEAL Network SE ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for ZEAL Network SE'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:TIM vs FLUT, DKNG, SGHC: ROC (Joel Greenblatt) % Comparison
For the Gambling subindustry, ZEAL Network SE'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.
ZEAL Network SE ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, ZEAL Network SE's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ZEAL Network SE's ROC (Joel Greenblatt) % falls into.
ZEAL Network SE 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 1,747.23% mean?
ZEAL Network SE (STU:TIM) has a ROC (Joel Greenblatt) % of 1,747.23% 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 ZEAL Network SE and its competitors. This is 175% above median its historical median of 635.82. Over the past decade, ZEAL Network SE's ROC (Joel Greenblatt) % has ranged from 56.64 to 1,945.78. According to the industry distribution chart, ZEAL Network SE ranks #9 out of 847 companies in the Travel & Leisure industry, placing it in the top 1.1%.
Is ZEAL Network SE's ROC (Joel Greenblatt) % too high?
ZEAL Network SE's current ROC (Joel Greenblatt) % of 1,747.23% is 175% above median its 10-year median of 635.82. Over the past 10 years, this metric has ranged from a low of 56.64 to a high of 1,945.78. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 9.91. ZEAL Network SE's value of 1,747.23% is 17531% above this industry median. Based on the distribution chart, ZEAL Network SE ranks #9 out of 847 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, ZEAL Network SE has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZEAL Network SE's ROC (Joel Greenblatt) % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, ZEAL Network SE ranks #9 out of 847 companies for ROC (Joel Greenblatt) %. This places ZEAL Network SE in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.91. ZEAL Network SE's value of 1,747.23% is 17531% above this benchmark. Historically, ZEAL Network SE's own ROC (Joel Greenblatt) % has ranged from 56.64 to 1,945.78 over the past decade. While the company's 10-year median is 635.82 vs. the industry median of 9.91, ZEAL Network SE 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 9.91, based on 847 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. ZEAL Network SE's current ROC (Joel Greenblatt) % of 1,747.23% is 17531% 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 ZEAL Network SE and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 9.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZEAL Network SE's current ROC (Joel Greenblatt) % is 1,747.23%, which is 175% above median its own 10-year median of 635.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Network SE stock overvalued right now?
Based on GuruFocus' analysis, ZEAL Network SE (STU:TIM) is currently considered Significantly Undervalued. The stock's GF Value™ is €69.80, compared to a current price of €44.70 — trading 36% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1,747.23%, which is 175% above median its 10-year median of 635.82 and 17531% above the Travel & Leisure industry median of 9.91. ZEAL Network SE's overall GF Score™ is 87/100 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 ZEAL Network SE (STU:TIM), the current ROC (Joel Greenblatt) % is 1,747.23% 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 ZEAL Network SE (STU:TIM) Overvalued in 2026?
Based on GuruFocus' analysis, ZEAL Network SE stock appears to be undervalued.
The current stock price of €44.70 is trading 36% below its estimated GF Value™ of €69.80.
GuruFocus considers ZEAL Network SE to be Significantly Undervalued.
Key valuation signals for STU:TIM:
ROC (Joel Greenblatt) %: 1,747.23% (175% above median its 10-year median of 635.82)
GF Value™: €69.80 vs. price of €44.70 (36% below fair value)
Industry Position: 17531% above the Travel & Leisure median (#9 of 847)
No single metric tells the full story. See the STU:TIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZEAL Network SE is an e-commerce group of companies company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The ZEAL group now has more than one million active customers. ZEAL allows the participation in state-licensed lotteries via the LOTTO24 and Tipp24 brands and also offers its own lottery products. ZEAL operates under its owns brands namely ZEAL Instant Games, ZEAL Ventures and ZEAL Iberia.
87GF Score
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