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VZ Holding AGVZHGF 87 ROC (Joel Greenblatt) % is 164.05% as of Dec. 2025, which is 2% above its 10-year median of 160.55. GuruFocus rates VZHGF with a GF Score™ of 87/100 and a GF Value™ of $83.30. The stock has 4 warning signs investors should review. Among 628 Asset Management companies, VZ Holding AG ranks better than 58.92% 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. VZ Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 164.05%.
The historical rank and industry rank for VZ Holding AG's ROC (Joel Greenblatt) % or its related term are showing as below:
VZHGF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 103.27 Med: 160.55 Max: 692.56
Current: 158.23
During the past 13 years, VZ Holding AG's highest ROC (Joel Greenblatt) % was 692.56%. The lowest was 103.27%. And the median was 160.55%.
VZHGF's ROC (Joel Greenblatt) % is ranked better than 58.92% of 628
companies
in the Asset Management industry
Industry Median: 63.03
vs VZHGF: 158.23
VZ Holding AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.90% per year.
VZ Holding AG (OTCPK:VZHGF) 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.
VZ Holding AG ROC (Joel Greenblatt) % Related Terms
VZ Holding AG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for VZ Holding 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.
VZHGF vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, VZ Holding 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.
VZ Holding AG ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, VZ Holding AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where VZ Holding AG'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 two times the semi-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 164.05% mean?
VZ Holding AG (VZHGF) has a ROC (Joel Greenblatt) % of 164.05% 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 VZ Holding AG and its competitors. This is near median its historical median of 160.55. Over the past decade, VZ Holding AG's ROC (Joel Greenblatt) % has ranged from 103.27 to 692.56. According to the industry distribution chart, VZ Holding AG ranks #258 out of 628 companies in the Asset Management industry, placing it in the top 41.1%.
Is VZ Holding AG's ROC (Joel Greenblatt) % too high?
VZ Holding AG's current ROC (Joel Greenblatt) % of 164.05% is near median its 10-year median of 160.55. Over the past 10 years, this metric has ranged from a low of 103.27 to a high of 692.56. The Asset Management industry median ROC (Joel Greenblatt) % is 63.03. VZ Holding AG's value of 164.05% is 160.3% above this industry median. Based on the distribution chart, VZ Holding AG ranks #258 out of 628 companies in the Asset Management industry, which is above the industry midpoint. Overall, VZ Holding AG has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does VZ Holding AG's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, VZ Holding AG ranks #258 out of 628 companies for ROC (Joel Greenblatt) %. This puts VZ Holding AG in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 63.03. VZ Holding AG's value of 164.05% is 160.3% above this benchmark. Historically, VZ Holding AG's own ROC (Joel Greenblatt) % has ranged from 103.27 to 692.56 over the past decade. While the company's 10-year median is 160.55 vs. the industry median of 63.03, VZ Holding 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 63.03, based on 628 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. VZ Holding AG's current ROC (Joel Greenblatt) % of 164.05% is 160.3% 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 VZ Holding AG and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VZ Holding AG's current ROC (Joel Greenblatt) % is 164.05%, which is near median its own 10-year median of 160.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VZ Holding AG stock overvalued right now?
VZ Holding AG (VZHGF) has a current ROC (Joel Greenblatt) % of 164.05%. The stock's GF Value™ is $83.30, compared to a current price of $90.94 — trading 9.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 164.05%, which is near median its 10-year median of 160.55 and 160.3% above the Asset Management industry median of 63.03. VZ Holding AG's overall GF Score™ is 87/100 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 VZ Holding AG (VZHGF), the current ROC (Joel Greenblatt) % is 164.05% 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 VZ Holding AG (VZHGF) Overvalued in 2026?
Based on GuruFocus' analysis, VZ Holding AG stock appears to be overvalued.
The current stock price of $90.94 is trading 9.2% above its estimated GF Value™ of $83.30.
Key valuation signals for VZHGF:
ROC (Joel Greenblatt) %: 164.05% (near median its 10-year median of 160.55)
GF Value™: $83.30 vs. price of $90.94 (9.2% above fair value)
Industry Position: 160.3% above the Asset Management median (#258 of 628)
No single metric tells the full story. See the VZHGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VZ Holding AG offers financial advisory services for individuals and companies in many areas. It provides Independent, transparent advice, a Consultation process, and wide-ranging advice such as retirement, real estate, mortgages, shareholdings, and insurance advice. It generates the majority of its revenue from management fees on assets under management.
87GF Score
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