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Orzel BialyWAR:OBL -1.02%79 ROC (Joel Greenblatt) % is 21.20% as of Mar. 2026, which is 0% below its 10-year median of 21.21. GuruFocus rates WAR:OBL with a GF Score™ of 79/100 and a GF Value™ of zł26.86 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 246 Waste Management companies, Orzel Bialy ranks better than 78.46% 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. Orzel Bialy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.20%.
The historical rank and industry rank for Orzel Bialy's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:OBL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.12 Med: 21.21 Max: 35.81
Current: 25.77
During the past 13 years, Orzel Bialy's highest ROC (Joel Greenblatt) % was 35.81%. The lowest was 3.12%. And the median was 21.21%.
WAR:OBL's ROC (Joel Greenblatt) % is ranked better than 78.46% of 246
companies
in the Waste Management industry
Industry Median: 11.47
vs WAR:OBL: 25.77
Orzel Bialy's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.80% per year.
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.
Orzel Bialy ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Orzel Bialy'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:OBL vs WM, RSG, WCN: ROC (Joel Greenblatt) % Comparison
For the Waste Management subindustry, Orzel Bialy'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.
Orzel Bialy ROC (Joel Greenblatt) % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Orzel Bialy's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Orzel Bialy'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 21.20% mean?
Orzel Bialy (WAR:OBL) has a ROC (Joel Greenblatt) % of 21.20% 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 Orzel Bialy and its competitors. This is near median its historical median of 21.21. Over the past decade, Orzel Bialy's ROC (Joel Greenblatt) % has ranged from 3.12 to 35.81. According to the industry distribution chart, Orzel Bialy ranks #53 out of 246 companies in the Waste Management industry, placing it in the top 21.5%.
Is Orzel Bialy's ROC (Joel Greenblatt) % too high?
Orzel Bialy's current ROC (Joel Greenblatt) % of 21.20% is near median its 10-year median of 21.21. Over the past 10 years, this metric has ranged from a low of 3.12 to a high of 35.81. The Waste Management industry median ROC (Joel Greenblatt) % is 11.47. Orzel Bialy's value of 21.20% is 84.8% above this industry median. Based on the distribution chart, Orzel Bialy ranks #53 out of 246 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Orzel Bialy has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orzel Bialy's ROC (Joel Greenblatt) % compare to WM and RSG?
According to the Waste Management industry distribution chart, Orzel Bialy ranks #53 out of 246 companies for ROC (Joel Greenblatt) %. This places Orzel Bialy in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.47. Orzel Bialy's value of 21.20% is 84.8% above this benchmark. Historically, Orzel Bialy's own ROC (Joel Greenblatt) % has ranged from 3.12 to 35.81 over the past decade. While the company's 10-year median is 21.21 vs. the industry median of 11.47, Orzel Bialy 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 Waste Management company?
The median ROC (Joel Greenblatt) % among Waste Management companies is 11.47, based on 246 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. Orzel Bialy's current ROC (Joel Greenblatt) % of 21.20% is 84.8% 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 Orzel Bialy and its competitors. For the Waste Management industry, the median ROC (Joel Greenblatt) % is 11.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orzel Bialy's current ROC (Joel Greenblatt) % is 21.20%, which is near median its own 10-year median of 21.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orzel Bialy stock overvalued right now?
Based on GuruFocus' analysis, Orzel Bialy (WAR:OBL) is currently considered Significantly Overvalued. The stock's GF Value™ is zł26.86, compared to a current price of zł39.00 — trading 45.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.20%, which is near median its 10-year median of 21.21 and 84.8% above the Waste Management industry median of 11.47. Orzel Bialy's overall GF Score™ is 79/100 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 Orzel Bialy (WAR:OBL), the current ROC (Joel Greenblatt) % is 21.20% 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 Orzel Bialy (WAR:OBL) Overvalued in 2026?
Based on GuruFocus' analysis, Orzel Bialy stock appears to be overvalued.
The current stock price of zł39.00 is trading 45.2% above its estimated GF Value™ of zł26.86.
GuruFocus considers Orzel Bialy to be Significantly Overvalued.
Key valuation signals for WAR:OBL:
ROC (Joel Greenblatt) %: 21.20% (near median its 10-year median of 21.21)
GF Value™: zł26.86 vs. price of zł39.00 (45.2% above fair value)
Industry Position: 84.8% above the Waste Management median (#53 of 246)
No single metric tells the full story. See the WAR:OBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Orzel Bialy SA is a Poland based company engaged in recycling of used batteries. The company delivers its products to battery making companies, with batteries and accumulators supplied mainly to the automotive industry.
79GF Score
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