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ZBM ZREMB-ChojniceWAR:ZRE +0.45%68 ROC (Joel Greenblatt) % is 15.90% as of Mar. 2026, which is 7% above its 10-year median of 14.84. GuruFocus rates WAR:ZRE with a GF Score™ of 68/100 and a GF Value™ of zł4.71 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 633 Steel companies, ZBM ZREMB-Chojnice ranks better than 91.31% 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. ZBM ZREMB-Chojnice's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.90%.
The historical rank and industry rank for ZBM ZREMB-Chojnice's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:ZRE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -41.53 Med: 14.84 Max: 57.52
Current: 33.71
During the past 13 years, ZBM ZREMB-Chojnice's highest ROC (Joel Greenblatt) % was 57.52%. The lowest was -41.53%. And the median was 14.84%.
WAR:ZRE's ROC (Joel Greenblatt) % is ranked better than 91.31% of 633
companies
in the Steel industry
Industry Median: 7.18
vs WAR:ZRE: 33.71
ZBM ZREMB-Chojnice's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 52.50% 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.
ZBM ZREMB-Chojnice ROC (Joel Greenblatt) % Related Terms
ZBM ZREMB-Chojnice ROC (Joel Greenblatt) % Historical Data
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The historical data trend for ZBM ZREMB-Chojnice'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:ZRE vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, ZBM ZREMB-Chojnice'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.
ZBM ZREMB-Chojnice ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, ZBM ZREMB-Chojnice's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ZBM ZREMB-Chojnice'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 15.90% mean?
ZBM ZREMB-Chojnice (WAR:ZRE) has a ROC (Joel Greenblatt) % of 15.90% 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 ZBM ZREMB-Chojnice and its competitors. This is near median its historical median of 14.84. According to the industry distribution chart, ZBM ZREMB-Chojnice ranks #55 out of 633 companies in the Steel industry, placing it in the top 8.7%.
Is ZBM ZREMB-Chojnice's ROC (Joel Greenblatt) % too high?
ZBM ZREMB-Chojnice's current ROC (Joel Greenblatt) % of 15.90% is near median its 10-year median of 14.84. The Steel industry median ROC (Joel Greenblatt) % is 7.18. ZBM ZREMB-Chojnice's value of 15.90% is 121.4% above this industry median. Based on the distribution chart, ZBM ZREMB-Chojnice ranks #55 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, ZBM ZREMB-Chojnice has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ZBM ZREMB-Chojnice's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, ZBM ZREMB-Chojnice ranks #55 out of 633 companies for ROC (Joel Greenblatt) %. This places ZBM ZREMB-Chojnice in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.18. ZBM ZREMB-Chojnice's value of 15.90% is 121.4% above this benchmark. While the company's 10-year median is 14.84 vs. the industry median of 7.18, ZBM ZREMB-Chojnice 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.18, based on 633 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. ZBM ZREMB-Chojnice's current ROC (Joel Greenblatt) % of 15.90% is 121.4% 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 ZBM ZREMB-Chojnice and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZBM ZREMB-Chojnice's current ROC (Joel Greenblatt) % is 15.90%, which is near median its own 10-year median of 14.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZBM ZREMB-Chojnice stock overvalued right now?
Based on GuruFocus' analysis, ZBM ZREMB-Chojnice (WAR:ZRE) is currently considered Significantly Overvalued. The stock's GF Value™ is zł4.71, compared to a current price of zł8.92 — trading 89.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.90%, which is near median its 10-year median of 14.84 and 121.4% above the Steel industry median of 7.18. ZBM ZREMB-Chojnice's overall GF Score™ is 68/100 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 ZBM ZREMB-Chojnice (WAR:ZRE), the current ROC (Joel Greenblatt) % is 15.90% 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 ZBM ZREMB-Chojnice (WAR:ZRE) Overvalued in 2026?
Based on GuruFocus' analysis, ZBM ZREMB-Chojnice stock appears to be overvalued.
The current stock price of zł8.92 is trading 89.4% above its estimated GF Value™ of zł4.71.
GuruFocus considers ZBM ZREMB-Chojnice to be Significantly Overvalued.
Key valuation signals for WAR:ZRE:
ROC (Joel Greenblatt) %: 15.90% (near median its 10-year median of 14.84)
GF Value™: zł4.71 vs. price of zł8.92 (89.4% above fair value)
Industry Position: 121.4% above the Steel median (#55 of 633)
No single metric tells the full story. See the WAR:ZRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZBM ZREMB-Chojnice SA is a producer of steel constructions and containers. The company produces containers for shipping and drilling platforms; basket containers for transportation of equipment to drilling platforms, Mini-Mud freight containers for transportation of equipment and food to drilling platform, Borekaks containers for the transportation of waste material, Specialist containers for machine shops, compression shops, generators, Containers and platforms for the Army, Containers for radioactive waste and Steel roof constructions and frames for glazed facades. Its products include reinforced ceiling military containers, field containers, 3IN1 and 2IN1 container, off-shore container, baskets, and mudskips.
68GF Score
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