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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. Przedsiebiorstwo Telekomunikacyjne TELGAM's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.60%.
WAR:TLG's ROC (Joel Greenblatt) % is ranked worse than 67.31% of 364
companies
in the Telecommunication Services industry
Industry Median: 14.97
vs WAR:TLG: 6.59
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:TLG vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Przedsiebiorstwo Telekomunikacyjne TELGAM'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.
Przedsiebiorstwo Telekomunikacyjne TELGAM ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Przedsiebiorstwo Telekomunikacyjne TELGAM's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Przedsiebiorstwo Telekomunikacyjne TELGAM'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 13.60% mean?
Przedsiebiorstwo Telekomunikacyjne TELGAM (WAR:TLG) has a ROC (Joel Greenblatt) % of 13.60% 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 Przedsiebiorstwo Telekomunikacyjne TELGAM and its competitors. According to the industry distribution chart, Przedsiebiorstwo Telekomunikacyjne TELGAM ranks #245 out of 364 companies in the Telecommunication Services industry, placing it in the top 67.3%.
Is Przedsiebiorstwo Telekomunikacyjne TELGAM's ROC (Joel Greenblatt) % too high?
Przedsiebiorstwo Telekomunikacyjne TELGAM's current ROC (Joel Greenblatt) % is 13.60%. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.97. Przedsiebiorstwo Telekomunikacyjne TELGAM's value of 13.60% is 9.2% below this industry median. Based on the distribution chart, Przedsiebiorstwo Telekomunikacyjne TELGAM ranks #245 out of 364 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Przedsiebiorstwo Telekomunikacyjne TELGAM has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Przedsiebiorstwo Telekomunikacyjne TELGAM's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Przedsiebiorstwo Telekomunikacyjne TELGAM ranks #245 out of 364 companies for ROC (Joel Greenblatt) %. This places Przedsiebiorstwo Telekomunikacyjne TELGAM in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.97. Przedsiebiorstwo Telekomunikacyjne TELGAM's value of 13.60% is 9.2% 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 a Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.97, based on 364 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. Przedsiebiorstwo Telekomunikacyjne TELGAM's current ROC (Joel Greenblatt) % of 13.60% is 9.2% 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 Przedsiebiorstwo Telekomunikacyjne TELGAM and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Przedsiebiorstwo Telekomunikacyjne TELGAM's current ROC (Joel Greenblatt) % is 13.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Przedsiebiorstwo Telekomunikacyjne TELGAM stock overvalued right now?
Based on GuruFocus' analysis, Przedsiebiorstwo Telekomunikacyjne TELGAM (WAR:TLG) is currently considered Modestly Undervalued. The stock's GF Value™ is zł0.54, compared to a current price of zł0.40 — trading 25.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.60% and 9.2% below the Telecommunication Services industry median of 14.97. Przedsiebiorstwo Telekomunikacyjne TELGAM's overall GF Score™ is 62/100 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 Przedsiebiorstwo Telekomunikacyjne TELGAM (WAR:TLG), the current ROC (Joel Greenblatt) % is 13.60% 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 Przedsiebiorstwo Telekomunikacyjne TELGAM (WAR:TLG) Overvalued in 2026?
Based on GuruFocus' analysis, Przedsiebiorstwo Telekomunikacyjne TELGAM stock appears to be undervalued.
The current stock price of zł0.40 is trading 25.9% below its estimated GF Value™ of zł0.54.
GuruFocus considers Przedsiebiorstwo Telekomunikacyjne TELGAM to be Modestly Undervalued.
Key valuation signals for WAR:TLG:
ROC (Joel Greenblatt) %: 13.60%
GF Value™: zł0.54 vs. price of zł0.40 (25.9% below fair value)
Industry Position: 9.2% below the Telecommunication Services median (#245 of 364)
No single metric tells the full story. See the WAR:TLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Przedsiebiorstwo Telekomunikacyjne TELGAM Business Description
Przedsiebiorstwo Telekomunikacyjne TELGAM SA is a telecommunications operator offering comprehensive services in southern and western Poland. The company provides fiber-optic internet, 5G mobile telephony, Ultra HD 4K television, home phones, and bill-saving service packages.
62GF Score
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