Thule Group ABTHLPF 81 ROC (Joel Greenblatt) % is 44.19% as of Mar. 2026, which is 51% below its 10-year median of 90.11. GuruFocus rates THLPF with a GF Score™ of 81/100 and a GF Value™ of $39.04. The stock has 3 warning signs investors should review. Among 847 Travel & Leisure companies, Thule Group AB ranks better than 83.94% 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. Thule Group AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 44.19%.
The historical rank and industry rank for Thule Group AB's ROC (Joel Greenblatt) % or its related term are showing as below:
THLPF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 38.03 Med: 90.11 Max: 126.14
Current: 45.92
During the past 13 years, Thule Group AB's highest ROC (Joel Greenblatt) % was 126.14%. The lowest was 38.03%. And the median was 90.11%.
THLPF's ROC (Joel Greenblatt) % is ranked better than 83.94% of 847
companies
in the Travel & Leisure industry
Industry Median: 9.92
vs THLPF: 45.92
Thule Group AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -18.90% per year.
Thule Group AB (OTCPK:THLPF) 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.
Thule Group AB ROC (Joel Greenblatt) % Related Terms
Thule Group AB ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Thule Group 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.
THLPF vs AS, HAS, LTH: ROC (Joel Greenblatt) % Comparison
For the Leisure subindustry, Thule Group 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.
Thule Group AB ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Thule Group AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thule Group AB's ROC (Joel Greenblatt) % falls into.
Thule Group AB 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 44.19% mean?
Thule Group AB (THLPF) has a ROC (Joel Greenblatt) % of 44.19% 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 Thule Group AB and its competitors. This is 51% below median its historical median of 90.11. Over the past decade, Thule Group AB's ROC (Joel Greenblatt) % has ranged from 38.03 to 126.14. According to the industry distribution chart, Thule Group AB ranks #136 out of 847 companies in the Travel & Leisure industry, placing it in the top 16.1%.
Is Thule Group AB's ROC (Joel Greenblatt) % too high?
Thule Group AB's current ROC (Joel Greenblatt) % of 44.19% is 51% below median its 10-year median of 90.11. Over the past 10 years, this metric has ranged from a low of 38.03 to a high of 126.14. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 9.92. Thule Group AB's value of 44.19% is 345.5% above this industry median. Based on the distribution chart, Thule Group AB ranks #136 out of 847 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Thule Group AB has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Thule Group AB's ROC (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Thule Group AB ranks #136 out of 847 companies for ROC (Joel Greenblatt) %. This places Thule Group AB in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.92. Thule Group AB's value of 44.19% is 345.5% above this benchmark. Historically, Thule Group AB's own ROC (Joel Greenblatt) % has ranged from 38.03 to 126.14 over the past decade. While the company's 10-year median is 90.11 vs. the industry median of 9.92, Thule Group 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 9.92, 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. Thule Group AB's current ROC (Joel Greenblatt) % of 44.19% is 345.5% 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 Thule Group AB and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 9.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thule Group AB's current ROC (Joel Greenblatt) % is 44.19%, which is 51% below median its own 10-year median of 90.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thule Group AB stock overvalued right now?
Thule Group AB (THLPF) has a current ROC (Joel Greenblatt) % of 44.19%. The stock's GF Value™ is $39.04, compared to a current price of $26.82 — trading 31.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 44.19%, which is 51% below median its 10-year median of 90.11 and 345.5% above the Travel & Leisure industry median of 9.92. Thule Group AB's overall GF Score™ is 81/100 with 3 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 Thule Group AB (THLPF), the current ROC (Joel Greenblatt) % is 44.19% 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 Thule Group AB (THLPF) Overvalued in 2026?
Based on GuruFocus' analysis, Thule Group AB stock appears to be undervalued.
The current stock price of $26.82 is trading 31.3% below its estimated GF Value™ of $39.04.
Key valuation signals for THLPF:
ROC (Joel Greenblatt) %: 44.19% (51% below median its 10-year median of 90.11)
GF Value™: $39.04 vs. price of $26.82 (31.3% below fair value)
Industry Position: 345.5% above the Travel & Leisure median (#136 of 847)
No single metric tells the full story. See the THLPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thule Group AB is a manufacturer of sports and outdoor products. It develops and manufactures premium products that facilitate an active outdoor life. Its product categories; Sport & Cargo Carriers (roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment, and rooftop tents mounted on a car), Juvenile & Pet Products (strollers, bike trailers, and child bike seats), RV Products (awnings, bike carriers and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage, and camera bags). It has two operating segments: Region Europe and ROW, and Region Americas. Geographic markets: Sweden, Other Nordic countries, Germany, Other Europe, the USA, Other North America, Central/South America, Asia/Pacific Rim, and the Rest of the world.
81GF Score
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