Play2Chill (WAR:P2C) ROC (Joel Greenblatt) %: 7.92% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

WAR:P2C Play2Chill SA WAR:P2C
49 GF Score
Price zł2.36
GF Value zł21.59
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is Play2Chill ROC (Joel Greenblatt) %?

Play2Chill WAR:P2C -0.84% 49 ROC (Joel Greenblatt) % is 7.92% as of Mar. 2026. GuruFocus rates WAR:P2C with a GF Score™ of 49/100 and a GF Value™ of zł21.59 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 549 Interactive Media companies, Play2Chill ranks worse than 56.1% 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. Play2Chill's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.92%.

The historical rank and industry rank for Play2Chill's ROC (Joel Greenblatt) % or its related term are showing as below:

WAR:P2C' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -50.11   Med: -12.39   Max: 11.75
Current: 2.7

During the past 7 years, Play2Chill's highest ROC (Joel Greenblatt) % was 11.75%. The lowest was -50.11%. And the median was -12.39%.

WAR:P2C's ROC (Joel Greenblatt) % is ranked worse than
56.1% of 549 companies
in the Interactive Media industry
Industry Median: 16.14 vs WAR:P2C: 2.70

Play2Chill's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Play2Chill  (WAR:P2C) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Play2Chill ROC (Joel Greenblatt) % Related Terms


Play2Chill ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Play2Chill'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.

Play2Chill ROC (Joel Greenblatt) % Chart

Play2Chill Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial -50.11 -18.89 11.75 8.99 1.62

Play2Chill Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.98 6.90 -0.18 -4.90 7.92

WAR:P2C vs NTES, EA, TTWO: ROC (Joel Greenblatt) % Comparison

For the Electronic Gaming & Multimedia subindustry, Play2Chill'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.


Play2Chill ROC (Joel Greenblatt) % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Play2Chill's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Play2Chill's ROC (Joel Greenblatt) % falls into.


WAR:P2C
49GF Score
Play2Chill SA WAR:P2C
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Play2Chill 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.236 + 3.107 + 0.00099999999999945) - (0.085 + 0 + 0.143)
=3.116

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.322 + 3.132 + 0.00099999999999945) - (0.068 + 0 + 0.14)
=3.247

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Play2Chill for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.252/( ( (0 + max(3.116, 0)) + (0 + max(3.247, 0)) )/ 2 )
=0.252/( ( 3.116 + 3.247 )/ 2 )
=0.252/3.1815
=7.92 %

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 7.92% mean?
Play2Chill (WAR:P2C) has a ROC (Joel Greenblatt) % of 7.92% 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 Play2Chill and its competitors. According to the industry distribution chart, Play2Chill ranks #308 out of 549 companies in the Interactive Media industry, placing it in the top 56.1%.
Is Play2Chill's ROC (Joel Greenblatt) % too high?
Play2Chill's current ROC (Joel Greenblatt) % is 7.92%. The Interactive Media industry median ROC (Joel Greenblatt) % is 16.14. Play2Chill's value of 7.92% is 50.9% below this industry median. Based on the distribution chart, Play2Chill ranks #308 out of 549 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Play2Chill has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Play2Chill's ROC (Joel Greenblatt) % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Play2Chill ranks #308 out of 549 companies for ROC (Joel Greenblatt) %. This places Play2Chill in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 16.14. Play2Chill's value of 7.92% is 50.9% below 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 an Interactive Media company?
The median ROC (Joel Greenblatt) % among Interactive Media companies is 16.14, based on 549 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. Play2Chill's current ROC (Joel Greenblatt) % of 7.92% is 50.9% below 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 Play2Chill and its competitors. For the Interactive Media industry, the median ROC (Joel Greenblatt) % is 16.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Play2Chill's current ROC (Joel Greenblatt) % is 7.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Play2Chill stock overvalued right now?
Based on GuruFocus' analysis, Play2Chill (WAR:P2C) is currently considered Possible Value Trap. The stock's GF Value™ is zł21.59, compared to a current price of zł2.36 — trading 89.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.92% and 50.9% below the Interactive Media industry median of 16.14. Play2Chill's overall GF Score™ is 49/100 with 1 warning sign 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 Play2Chill (WAR:P2C), the current ROC (Joel Greenblatt) % is 7.92% 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 Play2Chill (WAR:P2C) Overvalued in 2026?

Based on GuruFocus' analysis, Play2Chill stock appears to be undervalued. The current stock price of zł2.36 is trading 89.1% below its estimated GF Value™ of zł21.59. GuruFocus considers Play2Chill to be Possible Value Trap.

Key valuation signals for WAR:P2C:

  • ROC (Joel Greenblatt) %: 7.92%
  • GF Value™: zł21.59 vs. price of zł2.36 (89.1% below fair value)
  • GF Score™: 49/100 with 1 warning sign
  • Industry Position: 50.9% below the Interactive Media median (#308 of 549)

No single metric tells the full story. See the WAR:P2C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Play2Chill Business Description

Address Wrzesinska 12/30, Warsaw, POL, 03-713
Play2Chill SA is an independent game development company in Poland. The company is engaged in production of games for desktop computers, consoles and mobile devices.
49GF Score

Get the complete analysis for WAR:P2C

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł2.36
Price
zł21.59
GF Value