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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. Polskie Towarzystwo Wspierania Przedsiebiorczosci's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -61.26%.
WAR:PTW's ROC (Joel Greenblatt) % is ranked better than 91.72% of 1015
companies
in the Media - Diversified industry
Industry Median: 9.81
vs WAR:PTW: 182.92
Polskie Towarzystwo Wspierania Przedsiebiorczosci (WAR:PTW) 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.
* 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.
Polskie Towarzystwo Wspierania Przedsiebiorczosci ROC (Joel Greenblatt) % Chart
Polskie Towarzystwo Wspierania Przedsiebiorczosci Annual Data
WAR:PTW vs NYT, WLY: ROC (Joel Greenblatt) % Comparison
For the Publishing subindustry, Polskie Towarzystwo Wspierania Przedsiebiorczosci'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.
Polskie Towarzystwo Wspierania Przedsiebiorczosci ROC (Joel Greenblatt) % vs Media - Diversified Industry
Polskie Towarzystwo Wspierania Przedsiebiorczosci 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 -61.26% mean?
Polskie Towarzystwo Wspierania Przedsiebiorczosci (WAR:PTW) has a ROC (Joel Greenblatt) % of -61.26% 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 Polskie Towarzystwo Wspierania Przedsiebiorczosci and its competitors. Over the past decade, Polskie Towarzystwo Wspierania Przedsiebiorczosci's ROC (Joel Greenblatt) % has ranged from 54.28 to 477.64. According to the industry distribution chart, Polskie Towarzystwo Wspierania Przedsiebiorczosci ranks #84 out of 1015 companies in the Media - Diversified industry, placing it in the top 8.3%.
Is Polskie Towarzystwo Wspierania Przedsiebiorczosci's ROC (Joel Greenblatt) % too high?
Polskie Towarzystwo Wspierania Przedsiebiorczosci's current ROC (Joel Greenblatt) % is -61.26%. Over the past 10 years, this metric has ranged from a low of 54.28 to a high of 477.64. Based on the distribution chart, Polskie Towarzystwo Wspierania Przedsiebiorczosci ranks #84 out of 1015 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Polskie Towarzystwo Wspierania Przedsiebiorczosci has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polskie Towarzystwo Wspierania Przedsiebiorczosci's ROC (Joel Greenblatt) % compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Polskie Towarzystwo Wspierania Przedsiebiorczosci ranks #84 out of 1015 companies for ROC (Joel Greenblatt) %. This places Polskie Towarzystwo Wspierania Przedsiebiorczosci in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.81. Historically, Polskie Towarzystwo Wspierania Przedsiebiorczosci's own ROC (Joel Greenblatt) % has ranged from 54.28 to 477.64 over the past decade. 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.81, based on 1,015 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. 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 Polskie Towarzystwo Wspierania Przedsiebiorczosci and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polskie Towarzystwo Wspierania Przedsiebiorczosci's current ROC (Joel Greenblatt) % is -61.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polskie Towarzystwo Wspierania Przedsiebiorczosci stock overvalued right now?
Based on GuruFocus' analysis, Polskie Towarzystwo Wspierania Przedsiebiorczosci (WAR:PTW) is currently considered Modestly Overvalued. The stock's GF Value™ is zł109.34, compared to a current price of zł139.00 — trading 27.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is -61.26%. Polskie Towarzystwo Wspierania Przedsiebiorczosci's overall GF Score™ is 95/100 with 4 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 Polskie Towarzystwo Wspierania Przedsiebiorczosci (WAR:PTW), the current ROC (Joel Greenblatt) % is -61.26% 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 Polskie Towarzystwo Wspierania Przedsiebiorczosci (WAR:PTW) Overvalued in 2026?
Based on GuruFocus' analysis, Polskie Towarzystwo Wspierania Przedsiebiorczosci stock appears to be overvalued.
The current stock price of zł139.00 is trading 27.1% above its estimated GF Value™ of zł109.34.
GuruFocus considers Polskie Towarzystwo Wspierania Przedsiebiorczosci to be Modestly Overvalued.
Key valuation signals for WAR:PTW:
ROC (Joel Greenblatt) %: -61.26%
GF Value™: zł109.34 vs. price of zł139.00 (27.1% above fair value)
No single metric tells the full story. See the WAR:PTW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polskie Towarzystwo Wspierania Przedsiebiorczosci SA is engaged in creating solutions in the area of communication, including publishing press magazines and specialist publications, building and managing web portals. The company also organizes congresses, conferences, seminars, special events and training.
95GF Score
Get the complete analysis for WAR:PTW
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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