Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Zaklady Przemyslu Cukierniczego Otmuchow's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.84%.
WAR:OTM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -24.24 Med: -3.01 Max: 18.22
Current: 12.61
During the past 13 years, Zaklady Przemyslu Cukierniczego Otmuchow's highest ROC (Joel Greenblatt) % was 18.22%. The lowest was -24.24%. And the median was -3.01%.
WAR:OTM's ROC (Joel Greenblatt) % is ranked better than 52.15% of 1979
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs WAR:OTM: 12.61
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.
* 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:OTM vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Zaklady Przemyslu Cukierniczego Otmuchow'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.
Zaklady Przemyslu Cukierniczego Otmuchow ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Zaklady Przemyslu Cukierniczego Otmuchow's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zaklady Przemyslu Cukierniczego Otmuchow'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 12.84% mean?
Zaklady Przemyslu Cukierniczego Otmuchow (WAR:OTM) has a ROC (Joel Greenblatt) % of 12.84% 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 Zaklady Przemyslu Cukierniczego Otmuchow and its competitors. According to the industry distribution chart, Zaklady Przemyslu Cukierniczego Otmuchow ranks #947 out of 1979 companies in the Consumer Packaged Goods industry, placing it in the top 47.9%.
Is Zaklady Przemyslu Cukierniczego Otmuchow's ROC (Joel Greenblatt) % too high?
Zaklady Przemyslu Cukierniczego Otmuchow's current ROC (Joel Greenblatt) % is 12.84%. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Zaklady Przemyslu Cukierniczego Otmuchow's value of 12.84% is 7.1% above this industry median. Based on the distribution chart, Zaklady Przemyslu Cukierniczego Otmuchow ranks #947 out of 1979 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Zaklady Przemyslu Cukierniczego Otmuchow has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zaklady Przemyslu Cukierniczego Otmuchow's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Zaklady Przemyslu Cukierniczego Otmuchow ranks #947 out of 1979 companies for ROC (Joel Greenblatt) %. This puts Zaklady Przemyslu Cukierniczego Otmuchow in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Zaklady Przemyslu Cukierniczego Otmuchow's value of 12.84% is 7.1% above this benchmark. 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 1,979 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. Zaklady Przemyslu Cukierniczego Otmuchow's current ROC (Joel Greenblatt) % of 12.84% is 7.1% 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 Zaklady Przemyslu Cukierniczego Otmuchow 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. Zaklady Przemyslu Cukierniczego Otmuchow's current ROC (Joel Greenblatt) % is 12.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zaklady Przemyslu Cukierniczego Otmuchow stock overvalued right now?
Based on GuruFocus' analysis, Zaklady Przemyslu Cukierniczego Otmuchow (WAR:OTM) is currently considered Fairly Valued. The stock's GF Value™ is zł4.76, compared to a current price of zł4.80 — trading 0.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 12.84% and 7.1% above the Consumer Packaged Goods industry median of 11.99. Zaklady Przemyslu Cukierniczego Otmuchow's overall GF Score™ is 70/100 with 3 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 Zaklady Przemyslu Cukierniczego Otmuchow (WAR:OTM), the current ROC (Joel Greenblatt) % is 12.84% 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 Zaklady Przemyslu Cukierniczego Otmuchow (WAR:OTM) Overvalued in 2026?
Based on GuruFocus' analysis, Zaklady Przemyslu Cukierniczego Otmuchow stock appears to be overvalued.
The current stock price of zł4.80 is trading 0.8% above its estimated GF Value™ of zł4.76.
GuruFocus considers Zaklady Przemyslu Cukierniczego Otmuchow to be Fairly Valued.
Key valuation signals for WAR:OTM:
ROC (Joel Greenblatt) %: 12.84%
GF Value™: zł4.76 vs. price of zł4.80 (0.8% above fair value)
Industry Position: 7.1% above the Consumer Packaged Goods median (#947 of 1979)
No single metric tells the full story. See the WAR:OTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zaklady Przemyslu Cukierniczego Otmuchow Business Description
Zaklady Przemyslu Cukierniczego Otmuchow SA is involved in producing and selling sweets, salty snacks, and breakfast cereal products in Poland and internationally. It offers cakes, created sugar molds, glazed gingerbread hearts and stars, lollipops, chocolate and sugar covered jellies, halvah, filled and hard caramels, and dragees, marshmallows, and other products.
70GF Score
Get the complete analysis for WAR:OTM
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:OTM has been successfully added to your 
