Tele2 ABTLTZF 72 ROC (Joel Greenblatt) % is 176.05% as of Mar. 2026, which is 382% above its 10-year median of 36.55. GuruFocus rates TLTZF with a GF Score™ of 72/100 and a GF Value™ of $12.13 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 364 Telecommunication Services companies, Tele2 AB ranks better than 90.93% 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. Tele2 AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 176.05%.
The historical rank and industry rank for Tele2 AB's ROC (Joel Greenblatt) % or its related term are showing as below:
TLTZF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 21.94 Med: 36.55 Max: 82.03
Current: 82.03
During the past 13 years, Tele2 AB's highest ROC (Joel Greenblatt) % was 82.03%. The lowest was 21.94%. And the median was 36.55%.
TLTZF's ROC (Joel Greenblatt) % is ranked better than 90.93% of 364
companies
in the Telecommunication Services industry
Industry Median: 14.97
vs TLTZF: 82.03
Tele2 AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.40% per year.
Tele2 AB (OTCPK:TLTZF) 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.
The historical data trend for Tele2 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.
TLTZF vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Tele2 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.
Tele2 AB ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Tele2 AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tele2 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 (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 176.05% mean?
Tele2 AB (TLTZF) has a ROC (Joel Greenblatt) % of 176.05% 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 Tele2 AB and its competitors. This is 382% above median its historical median of 36.55. Over the past decade, Tele2 AB's ROC (Joel Greenblatt) % has ranged from 21.94 to 82.03. According to the industry distribution chart, Tele2 AB ranks #33 out of 364 companies in the Telecommunication Services industry, placing it in the top 9.1%.
Is Tele2 AB's ROC (Joel Greenblatt) % too high?
Tele2 AB's current ROC (Joel Greenblatt) % of 176.05% is 382% above median its 10-year median of 36.55. Over the past 10 years, this metric has ranged from a low of 21.94 to a high of 82.03. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.97. Tele2 AB's value of 176.05% is 1076% above this industry median. Based on the distribution chart, Tele2 AB ranks #33 out of 364 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Tele2 AB has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tele2 AB's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Tele2 AB ranks #33 out of 364 companies for ROC (Joel Greenblatt) %. This places Tele2 AB in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.97. Tele2 AB's value of 176.05% is 1076% above this benchmark. Historically, Tele2 AB's own ROC (Joel Greenblatt) % has ranged from 21.94 to 82.03 over the past decade. While the company's 10-year median is 36.55 vs. the industry median of 14.97, Tele2 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.97, based on 364 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. Tele2 AB's current ROC (Joel Greenblatt) % of 176.05% is 1076% 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 Tele2 AB and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tele2 AB's current ROC (Joel Greenblatt) % is 176.05%, which is 382% above median its own 10-year median of 36.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tele2 AB stock overvalued right now?
Based on GuruFocus' analysis, Tele2 AB (TLTZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.13, compared to a current price of $17.43 — trading 43.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 176.05%, which is 382% above median its 10-year median of 36.55 and 1076% above the Telecommunication Services industry median of 14.97. Tele2 AB's overall GF Score™ is 72/100 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 Tele2 AB (TLTZF), the current ROC (Joel Greenblatt) % is 176.05% 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 Tele2 AB (TLTZF) Overvalued in 2026?
Based on GuruFocus' analysis, Tele2 AB stock appears to be overvalued.
The current stock price of $17.43 is trading 43.7% above its estimated GF Value™ of $12.13.
GuruFocus considers Tele2 AB to be Significantly Overvalued.
Key valuation signals for TLTZF:
ROC (Joel Greenblatt) %: 176.05% (382% above median its 10-year median of 36.55)
GF Value™: $12.13 vs. price of $17.43 (43.7% above fair value)
Industry Position: 1076% above the Telecommunication Services median (#33 of 364)
No single metric tells the full story. See the TLTZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tele2 is the second-largest telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Sweden's largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. Tele2 is a well-managed firm, showing good cost discipline and a healthy dividend policy, which we expect will remain.
72GF Score
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