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Value-Holdings AGSTU:VHO -1.38%68 ROC (Joel Greenblatt) % is 242.71% as of Dec. 2025, which is 65% above its 10-year median of 147.21. GuruFocus rates STU:VHO with a GF Score™ of 68/100 and a GF Value™ of €11.14 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 678 Capital Markets companies, Value-Holdings AG ranks better than 76.25% 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. Value-Holdings AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 242.71%.
The historical rank and industry rank for Value-Holdings AG's ROC (Joel Greenblatt) % or its related term are showing as below:
STU:VHO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 39.45 Med: 147.21 Max: 390.96
Current: 242.71
During the past 13 years, Value-Holdings AG's highest ROC (Joel Greenblatt) % was 390.96%. The lowest was 39.45%. And the median was 147.21%.
STU:VHO's ROC (Joel Greenblatt) % is ranked better than 76.25% of 678
companies
in the Capital Markets industry
Industry Median: 34.895
vs STU:VHO: 242.71
Value-Holdings AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.10% per year.
Value-Holdings AG (STU:VHO) 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.
Value-Holdings AG ROC (Joel Greenblatt) % Related Terms
Value-Holdings AG ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Value-Holdings AG'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:VHO vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Value-Holdings AG'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.
Value-Holdings AG ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Value-Holdings AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Value-Holdings AG's ROC (Joel Greenblatt) % falls into.
Value-Holdings AG 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 one times the 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 242.71% mean?
Value-Holdings AG (STU:VHO) has a ROC (Joel Greenblatt) % of 242.71% 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 Value-Holdings AG and its competitors. This is 65% above median its historical median of 147.21. Over the past decade, Value-Holdings AG's ROC (Joel Greenblatt) % has ranged from 39.45 to 390.96. According to the industry distribution chart, Value-Holdings AG ranks #161 out of 678 companies in the Capital Markets industry, placing it in the top 23.7%.
Is Value-Holdings AG's ROC (Joel Greenblatt) % too high?
Value-Holdings AG's current ROC (Joel Greenblatt) % of 242.71% is 65% above median its 10-year median of 147.21. Over the past 10 years, this metric has ranged from a low of 39.45 to a high of 390.96. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.90. Value-Holdings AG's value of 242.71% is 595.5% above this industry median. Based on the distribution chart, Value-Holdings AG ranks #161 out of 678 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Value-Holdings AG has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Value-Holdings AG's ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Value-Holdings AG ranks #161 out of 678 companies for ROC (Joel Greenblatt) %. This places Value-Holdings AG in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.90. Value-Holdings AG's value of 242.71% is 595.5% above this benchmark. Historically, Value-Holdings AG's own ROC (Joel Greenblatt) % has ranged from 39.45 to 390.96 over the past decade. While the company's 10-year median is 147.21 vs. the industry median of 34.90, Value-Holdings AG 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.90, based on 678 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. Value-Holdings AG's current ROC (Joel Greenblatt) % of 242.71% is 595.5% 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 Value-Holdings AG and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Value-Holdings AG's current ROC (Joel Greenblatt) % is 242.71%, which is 65% above median its own 10-year median of 147.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value-Holdings AG stock overvalued right now?
Based on GuruFocus' analysis, Value-Holdings AG (STU:VHO) is currently considered Significantly Undervalued. The stock's GF Value™ is €11.14, compared to a current price of €7.15 — trading 35.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 242.71%, which is 65% above median its 10-year median of 147.21 and 595.5% above the Capital Markets industry median of 34.90. Value-Holdings AG's overall GF Score™ is 68/100 with 4 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 Value-Holdings AG (STU:VHO), the current ROC (Joel Greenblatt) % is 242.71% 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.
Is Value-Holdings AG (STU:VHO) Overvalued in 2026?
Based on GuruFocus' analysis, Value-Holdings AG stock appears to be undervalued.
The current stock price of €7.15 is trading 35.8% below its estimated GF Value™ of €11.14.
GuruFocus considers Value-Holdings AG to be Significantly Undervalued.
Key valuation signals for STU:VHO:
ROC (Joel Greenblatt) %: 242.71% (65% above median its 10-year median of 147.21)
GF Value™: €11.14 vs. price of €7.15 (35.8% below fair value)
Industry Position: 595.5% above the Capital Markets median (#161 of 678)
No single metric tells the full story. See the STU:VHO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Value-Holdings AG is a German investment company that acquires shareholdings in listed medium-sized companies. It invests in its own portfolio, as well as managing third-party investment funds. The company along with its subsidiaries also advises institutional investors on investing as per the value-investing strategies. It manages two funds namely Value Holdings Germany Fund and Value Holdings Europe Fund.
68GF Score
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