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Makarony PolskieWAR:MAK -1.21%94 ROC (Joel Greenblatt) % is 20.19% as of Mar. 2026, which is 133% above its 10-year median of 8.67. GuruFocus rates WAR:MAK with a GF Score™ of 94/100 and a GF Value™ of zł19.26 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,980 Consumer Packaged Goods companies, Makarony Polskie ranks better than 62.47% 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. Makarony Polskie's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.19%.
The historical rank and industry rank for Makarony Polskie's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:MAK'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.09 Med: 8.67 Max: 27.54
Current: 16.53
During the past 13 years, Makarony Polskie's highest ROC (Joel Greenblatt) % was 27.54%. The lowest was 6.09%. And the median was 8.67%.
WAR:MAK's ROC (Joel Greenblatt) % is ranked better than 62.47% of 1980
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs WAR:MAK: 16.53
Makarony Polskie's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 26.80% per year.
Makarony Polskie (WAR:MAK) 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.
Makarony Polskie ROC (Joel Greenblatt) % Related Terms
Makarony Polskie ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Makarony Polskie'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:MAK vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Makarony Polskie'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.
Makarony Polskie ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Makarony Polskie's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Makarony Polskie's ROC (Joel Greenblatt) % falls into.
Makarony Polskie 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 20.19% mean?
Makarony Polskie (WAR:MAK) has a ROC (Joel Greenblatt) % of 20.19% 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 Makarony Polskie and its competitors. This is 133% above median its historical median of 8.67. Over the past decade, Makarony Polskie's ROC (Joel Greenblatt) % has ranged from 6.09 to 27.54. According to the industry distribution chart, Makarony Polskie ranks #743 out of 1980 companies in the Consumer Packaged Goods industry, placing it in the top 37.5%.
Is Makarony Polskie's ROC (Joel Greenblatt) % too high?
Makarony Polskie's current ROC (Joel Greenblatt) % of 20.19% is 133% above median its 10-year median of 8.67. Over the past 10 years, this metric has ranged from a low of 6.09 to a high of 27.54. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Makarony Polskie's value of 20.19% is 68.4% above this industry median. Based on the distribution chart, Makarony Polskie ranks #743 out of 1980 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Makarony Polskie has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Makarony Polskie's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Makarony Polskie ranks #743 out of 1980 companies for ROC (Joel Greenblatt) %. This puts Makarony Polskie in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Makarony Polskie's value of 20.19% is 68.4% above this benchmark. Historically, Makarony Polskie's own ROC (Joel Greenblatt) % has ranged from 6.09 to 27.54 over the past decade. While the company's 10-year median is 8.67 vs. the industry median of 11.99, Makarony Polskie 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,980 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. Makarony Polskie's current ROC (Joel Greenblatt) % of 20.19% is 68.4% 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 Makarony Polskie and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Makarony Polskie's current ROC (Joel Greenblatt) % is 20.19%, which is 133% above median its own 10-year median of 8.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makarony Polskie stock overvalued right now?
Based on GuruFocus' analysis, Makarony Polskie (WAR:MAK) is currently considered Modestly Overvalued. The stock's GF Value™ is zł19.26, compared to a current price of zł24.40 — trading 26.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 20.19%, which is 133% above median its 10-year median of 8.67 and 68.4% above the Consumer Packaged Goods industry median of 11.99. Makarony Polskie's overall GF Score™ is 94/100 with 6 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 Makarony Polskie (WAR:MAK), the current ROC (Joel Greenblatt) % is 20.19% 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 Makarony Polskie (WAR:MAK) Overvalued in 2026?
Based on GuruFocus' analysis, Makarony Polskie stock appears to be overvalued.
The current stock price of zł24.40 is trading 26.7% above its estimated GF Value™ of zł19.26.
GuruFocus considers Makarony Polskie to be Modestly Overvalued.
Key valuation signals for WAR:MAK:
ROC (Joel Greenblatt) %: 20.19% (133% above median its 10-year median of 8.67)
GF Value™: zł19.26 vs. price of zł24.40 (26.7% above fair value)
Industry Position: 68.4% above the Consumer Packaged Goods median (#743 of 1980)
No single metric tells the full story. See the WAR:MAK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Makarony Polskie SA is a Poland-based company involved in manufacturing pasta products in stamped and rolled technology. The company's segments include Pasta, Meat and vegetable preserves, Vegetable and fruit preserves, and others. It generates maximum revenue from the Pasta segment. Some of its products include spirals, elbows, farfalle, threads, shells, spaghetti, ribbons, waves, and others.
94GF Score
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