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AB Spolka AkcyjnaWAR:ABE -1.29%87 ROC (Joel Greenblatt) % is 15.51% as of Mar. 2026, which is 4% below its 10-year median of 16.20. GuruFocus rates WAR:ABE with a GF Score™ of 87/100 and a GF Value™ of zł102.69 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,491 Hardware companies, AB Spolka Akcyjna ranks better than 68.85% 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. AB Spolka Akcyjna's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.51%.
The historical rank and industry rank for AB Spolka Akcyjna's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:ABE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.19 Med: 16.2 Max: 21.28
Current: 21.11
During the past 13 years, AB Spolka Akcyjna's highest ROC (Joel Greenblatt) % was 21.28%. The lowest was 10.19%. And the median was 16.20%.
WAR:ABE's ROC (Joel Greenblatt) % is ranked better than 68.85% of 2491
companies
in the Hardware industry
Industry Median: 10.43
vs WAR:ABE: 21.11
AB Spolka Akcyjna's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.10% per year.
AB Spolka Akcyjna (WAR:ABE) 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.
AB Spolka Akcyjna ROC (Joel Greenblatt) % Related Terms
AB Spolka Akcyjna ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for AB Spolka Akcyjna'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.
WAR:ABE vs SNX, ARW, AVT: ROC (Joel Greenblatt) % Comparison
For the Electronics & Computer Distribution subindustry, AB Spolka Akcyjna'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.
AB Spolka Akcyjna ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, AB Spolka Akcyjna's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AB Spolka Akcyjna's ROC (Joel Greenblatt) % falls into.
AB Spolka Akcyjna 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 15.51% mean?
AB Spolka Akcyjna (WAR:ABE) has a ROC (Joel Greenblatt) % of 15.51% 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 AB Spolka Akcyjna and its competitors. This is near median its historical median of 16.20. Over the past decade, AB Spolka Akcyjna's ROC (Joel Greenblatt) % has ranged from 10.19 to 21.28. According to the industry distribution chart, AB Spolka Akcyjna ranks #776 out of 2491 companies in the Hardware industry, placing it in the top 31.2%.
Is AB Spolka Akcyjna's ROC (Joel Greenblatt) % too high?
AB Spolka Akcyjna's current ROC (Joel Greenblatt) % of 15.51% is near median its 10-year median of 16.20. Over the past 10 years, this metric has ranged from a low of 10.19 to a high of 21.28. The Hardware industry median ROC (Joel Greenblatt) % is 10.43. AB Spolka Akcyjna's value of 15.51% is 48.7% above this industry median. Based on the distribution chart, AB Spolka Akcyjna ranks #776 out of 2491 companies in the Hardware industry, which is above the industry midpoint. Overall, AB Spolka Akcyjna has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AB Spolka Akcyjna's ROC (Joel Greenblatt) % compare to SNX and ARW?
According to the Hardware industry distribution chart, AB Spolka Akcyjna ranks #776 out of 2491 companies for ROC (Joel Greenblatt) %. This puts AB Spolka Akcyjna in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.43. AB Spolka Akcyjna's value of 15.51% is 48.7% above this benchmark. Historically, AB Spolka Akcyjna's own ROC (Joel Greenblatt) % has ranged from 10.19 to 21.28 over the past decade. While the company's 10-year median is 16.20 vs. the industry median of 10.43, AB Spolka Akcyjna 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.43, based on 2,491 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. AB Spolka Akcyjna's current ROC (Joel Greenblatt) % of 15.51% is 48.7% 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 AB Spolka Akcyjna and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AB Spolka Akcyjna's current ROC (Joel Greenblatt) % is 15.51%, which is near median its own 10-year median of 16.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AB Spolka Akcyjna stock overvalued right now?
Based on GuruFocus' analysis, AB Spolka Akcyjna (WAR:ABE) is currently considered Significantly Overvalued. The stock's GF Value™ is zł102.69, compared to a current price of zł137.20 — trading 33.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.51%, which is near median its 10-year median of 16.20 and 48.7% above the Hardware industry median of 10.43. AB Spolka Akcyjna's overall GF Score™ is 87/100 with 5 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 AB Spolka Akcyjna (WAR:ABE), the current ROC (Joel Greenblatt) % is 15.51% 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 AB Spolka Akcyjna (WAR:ABE) Overvalued in 2026?
Based on GuruFocus' analysis, AB Spolka Akcyjna stock appears to be overvalued.
The current stock price of zł137.20 is trading 33.6% above its estimated GF Value™ of zł102.69.
GuruFocus considers AB Spolka Akcyjna to be Significantly Overvalued.
Key valuation signals for WAR:ABE:
ROC (Joel Greenblatt) %: 15.51% (near median its 10-year median of 16.20)
GF Value™: zł102.69 vs. price of zł137.20 (33.6% above fair value)
Industry Position: 48.7% above the Hardware median (#776 of 2491)
No single metric tells the full story. See the WAR:ABE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AB Spolka Akcyjna is a Poland-based company that operates as a distributor of IT and consumer electronics. The company distributes consumer electronics and equipment connected with mobile telephony, expands its portfolio of products. The group also trades in household appliances, toys, telephone products, and digital terrestrial televisions; and provides cloud computing solutions and other services, and logistics services. In addition, it manufactures personal computers; and engages in retail trade activities. Geographically its business presence can be seen in the region of Poland, the Czech Republic, and Slovakia.
87GF Score
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