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Benefit SystemsWAR:BFT -0.58%91 ROC (Joel Greenblatt) % is 43.15% as of Mar. 2026, which is 42% above its 10-year median of 30.44. GuruFocus rates WAR:BFT with a GF Score™ of 91/100 and a GF Value™ of zł4,104.55 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 844 Travel & Leisure companies, Benefit Systems ranks better than 81.75% 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. Benefit Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.15%.
The historical rank and industry rank for Benefit Systems's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:BFT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.95 Med: 30.44 Max: 83.33
Current: 44.13
During the past 13 years, Benefit Systems's highest ROC (Joel Greenblatt) % was 83.33%. The lowest was -5.95%. And the median was 30.44%.
WAR:BFT's ROC (Joel Greenblatt) % is ranked better than 81.75% of 844
companies
in the Travel & Leisure industry
Industry Median: 10.02
vs WAR:BFT: 44.13
Benefit Systems's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Benefit Systems (WAR:BFT) 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.
Benefit Systems ROC (Joel Greenblatt) % Related Terms
Benefit Systems ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Benefit Systems'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:BFT vs AS, HAS, LTH: ROC (Joel Greenblatt) % Comparison
For the Leisure subindustry, Benefit Systems'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.
Benefit Systems ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Benefit Systems's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Benefit Systems's ROC (Joel Greenblatt) % falls into.
Benefit Systems 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 43.15% mean?
Benefit Systems (WAR:BFT) has a ROC (Joel Greenblatt) % of 43.15% 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 Benefit Systems and its competitors. This is 42% above median its historical median of 30.44. According to the industry distribution chart, Benefit Systems ranks #154 out of 844 companies in the Travel & Leisure industry, placing it in the top 18.2%.
Is Benefit Systems' ROC (Joel Greenblatt) % too high?
Benefit Systems' current ROC (Joel Greenblatt) % of 43.15% is 42% above median its 10-year median of 30.44. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.02. Benefit Systems' value of 43.15% is 330.6% above this industry median. Based on the distribution chart, Benefit Systems ranks #154 out of 844 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Benefit Systems has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Systems' ROC (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Benefit Systems ranks #154 out of 844 companies for ROC (Joel Greenblatt) %. This places Benefit Systems in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.02. Benefit Systems' value of 43.15% is 330.6% above this benchmark. While the company's 10-year median is 30.44 vs. the industry median of 10.02, Benefit Systems 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 10.02, based on 844 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. Benefit Systems's current ROC (Joel Greenblatt) % of 43.15% is 330.6% 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 Benefit Systems and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Benefit Systems's current ROC (Joel Greenblatt) % is 43.15%, which is 42% above median its own 10-year median of 30.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benefit Systems stock overvalued right now?
Based on GuruFocus' analysis, Benefit Systems (WAR:BFT) is currently considered Modestly Overvalued. The stock's GF Value™ is zł4,104.55, compared to a current price of zł5,145.00 — trading 25.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 43.15%, which is 42% above median its 10-year median of 30.44 and 330.6% above the Travel & Leisure industry median of 10.02. Benefit Systems' overall GF Score™ is 91/100 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 Benefit Systems (WAR:BFT), the current ROC (Joel Greenblatt) % is 43.15% 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 Benefit Systems (WAR:BFT) Overvalued in 2026?
Based on GuruFocus' analysis, Benefit Systems stock appears to be overvalued.
The current stock price of zł5,145.00 is trading 25.3% above its estimated GF Value™ of zł4,104.55.
GuruFocus considers Benefit Systems to be Modestly Overvalued.
Key valuation signals for WAR:BFT:
ROC (Joel Greenblatt) %: 43.15% (42% above median its 10-year median of 30.44)
GF Value™: zł4,104.55 vs. price of zł5,145.00 (25.3% above fair value)
Industry Position: 330.6% above the Travel & Leisure median (#154 of 844)
No single metric tells the full story. See the WAR:BFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Benefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others.
91GF Score
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