Telia Company ABTLSNF -1.33%60 ROC (Joel Greenblatt) % is 14.45% as of Mar. 2026, which is 6% above its 10-year median of 13.65. GuruFocus rates TLSNF with a GF Score™ of 60/100 and a GF Value™ of $3.41 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 367 Telecommunication Services companies, Telia Company AB ranks worse than 55.59% 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. Telia Company AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.45%.
The historical rank and industry rank for Telia Company AB's ROC (Joel Greenblatt) % or its related term are showing as below:
TLSNF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.77 Med: 13.65 Max: 32.55
Current: 11.75
During the past 13 years, Telia Company AB's highest ROC (Joel Greenblatt) % was 32.55%. The lowest was -19.77%. And the median was 13.65%.
TLSNF's ROC (Joel Greenblatt) % is ranked worse than 55.59% of 367
companies
in the Telecommunication Services industry
Industry Median: 14.96
vs TLSNF: 11.75
Telia Company AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Telia Company AB (OTCPK:TLSNF) 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.
Telia Company AB ROC (Joel Greenblatt) % Related Terms
Telia Company AB ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Telia Company 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.
TLSNF vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Telia Company 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.
Telia Company AB ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telia Company AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Telia Company AB's ROC (Joel Greenblatt) % falls into.
Telia Company 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 14.45% mean?
Telia Company AB (TLSNF) has a ROC (Joel Greenblatt) % of 14.45% 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 Telia Company AB and its competitors. This is near median its historical median of 13.65. According to the industry distribution chart, Telia Company AB ranks #204 out of 367 companies in the Telecommunication Services industry, placing it in the top 55.6%.
Is Telia Company AB's ROC (Joel Greenblatt) % too high?
Telia Company AB's current ROC (Joel Greenblatt) % of 14.45% is near median its 10-year median of 13.65. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.96. Telia Company AB's value of 14.45% is 3.4% below this industry median. Based on the distribution chart, Telia Company AB ranks #204 out of 367 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telia Company AB has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telia Company AB's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telia Company AB ranks #204 out of 367 companies for ROC (Joel Greenblatt) %. This places Telia Company AB in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.96. Telia Company AB's value of 14.45% is 3.4% below this benchmark. While the company's 10-year median is 13.65 vs. the industry median of 14.96, Telia Company AB has consistently been below 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.96, based on 367 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. Telia Company AB's current ROC (Joel Greenblatt) % of 14.45% is 3.4% below 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 Telia Company AB and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telia Company AB's current ROC (Joel Greenblatt) % is 14.45%, which is near median its own 10-year median of 13.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telia Company AB stock overvalued right now?
Based on GuruFocus' analysis, Telia Company AB (TLSNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.41, compared to a current price of $5.35 — trading 56.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 14.45%, which is near median its 10-year median of 13.65 and 3.4% below the Telecommunication Services industry median of 14.96. Telia Company AB's overall GF Score™ is 60/100 with 7 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 Telia Company AB (TLSNF), the current ROC (Joel Greenblatt) % is 14.45% 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 Telia Company AB (TLSNF) Overvalued in 2026?
Based on GuruFocus' analysis, Telia Company AB stock appears to be overvalued.
The current stock price of $5.35 is trading 56.9% above its estimated GF Value™ of $3.41.
GuruFocus considers Telia Company AB to be Significantly Overvalued.
Key valuation signals for TLSNF:
ROC (Joel Greenblatt) %: 14.45% (near median its 10-year median of 13.65)
GF Value™: $3.41 vs. price of $5.35 (56.9% above fair value)
Industry Position: 3.4% below the Telecommunication Services median (#204 of 367)
No single metric tells the full story. See the TLSNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telia is the incumbent telecom operator in Sweden. It also operates in Norway, Finland, and the Baltic countries. In the past five years, Telia has been narrowing its business focus, divesting businesses in Asia and focusing on its core markets.
60GF Score
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