Telekom Srpske a.d (XBLB:TLKM-R-A) ROC (Joel Greenblatt) %: 17.29% (As of Dec. 2025) — 26% Above Median

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XBLB:TLKM-R-A Telekom Srpske a.d XBLB:TLKM-R-A
100 GF Score
Price BAM0.99
GF Value BAM1.25
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Telekom Srpske a.d ROC (Joel Greenblatt) %?

Telekom Srpske a.d XBLB:TLKM-R-A -1.88% 100 ROC (Joel Greenblatt) % is 17.29% as of Dec. 2025, which is 26% above its 10-year median of 13.67. GuruFocus rates XBLB:TLKM-R-A with a GF Score™ of 100/100 and a GF Value™ of BAM1.25 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 363 Telecommunication Services companies, Telekom Srpske a.d ranks better than 55.37% 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. Telekom Srpske a.d's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 17.29%.

The historical rank and industry rank for Telekom Srpske a.d's ROC (Joel Greenblatt) % or its related term are showing as below:

XBLB:TLKM-R-A' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.31   Med: 13.67   Max: 54.56
Current: 18.4

During the past 13 years, Telekom Srpske a.d's highest ROC (Joel Greenblatt) % was 54.56%. The lowest was 10.31%. And the median was 13.67%.

XBLB:TLKM-R-A's ROC (Joel Greenblatt) % is ranked better than
55.37% of 363 companies
in the Telecommunication Services industry
Industry Median: 15.26 vs XBLB:TLKM-R-A: 18.40

Telekom Srpske a.d's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.10% per year.


Telekom Srpske a.d  (XBLB:TLKM-R-A) 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.


Telekom Srpske a.d ROC (Joel Greenblatt) % Related Terms


Telekom Srpske a.d ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Telekom Srpske a.d'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.

Telekom Srpske a.d ROC (Joel Greenblatt) % Chart

Telekom Srpske a.d Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.82 14.12 54.56 13.22 18.27

Telekom Srpske a.d Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 92.21 17.33 8.72 19.66 17.29

XBLB:TLKM-R-A vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison

For the Telecom Services subindustry, Telekom Srpske a.d'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.


Telekom Srpske a.d ROC (Joel Greenblatt) % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telekom Srpske a.d's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Telekom Srpske a.d's ROC (Joel Greenblatt) % falls into.


XBLB:TLKM-R-A
100GF Score
Telekom Srpske a.d XBLB:TLKM-R-A
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telekom Srpske a.d 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: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(114.867 + 21.371 + 36.829) - (121.462 + 0 + 109.358)
=-57.753

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(117.514 + 17.464 + 27.367) - (105.485 + 0 + 131.104)
=-74.244

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Telekom Srpske a.d for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=173.876/( ( (986.575 + max(-57.753, 0)) + (1024.973 + max(-74.244, 0)) )/ 2 )
=173.876/( ( 986.575 + 1024.973 )/ 2 )
=173.876/1005.774
=17.29 %

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) 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 17.29% mean?
Telekom Srpske a.d (XBLB:TLKM-R-A) has a ROC (Joel Greenblatt) % of 17.29% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Telekom Srpske a.d and its competitors. This is 26% above median its historical median of 13.67. Over the past decade, Telekom Srpske a.d's ROC (Joel Greenblatt) % has ranged from 10.31 to 54.56. According to the industry distribution chart, Telekom Srpske a.d ranks #162 out of 363 companies in the Telecommunication Services industry, placing it in the top 44.6%.
Is Telekom Srpske a.d's ROC (Joel Greenblatt) % too high?
Telekom Srpske a.d's current ROC (Joel Greenblatt) % of 17.29% is 26% above median its 10-year median of 13.67. Over the past 10 years, this metric has ranged from a low of 10.31 to a high of 54.56. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 15.26. Telekom Srpske a.d's value of 17.29% is 13.3% above this industry median. Based on the distribution chart, Telekom Srpske a.d ranks #162 out of 363 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Telekom Srpske a.d has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Telekom Srpske a.d's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telekom Srpske a.d ranks #162 out of 363 companies for ROC (Joel Greenblatt) %. This puts Telekom Srpske a.d in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 15.26. Telekom Srpske a.d's value of 17.29% is 13.3% above this benchmark. Historically, Telekom Srpske a.d's own ROC (Joel Greenblatt) % has ranged from 10.31 to 54.56 over the past decade. While the company's 10-year median is 13.67 vs. the industry median of 15.26, Telekom Srpske a.d 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 15.26, based on 363 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. Telekom Srpske a.d's current ROC (Joel Greenblatt) % of 17.29% is 13.3% 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 Telekom Srpske a.d and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 15.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telekom Srpske a.d's current ROC (Joel Greenblatt) % is 17.29%, which is 26% above median its own 10-year median of 13.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telekom Srpske a.d stock overvalued right now?
Based on GuruFocus' analysis, Telekom Srpske a.d (XBLB:TLKM-R-A) is currently considered Modestly Undervalued. The stock's GF Value™ is BAM1.25, compared to a current price of BAM0.99 — trading 20.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 17.29%, which is 26% above median its 10-year median of 13.67 and 13.3% above the Telecommunication Services industry median of 15.26. Telekom Srpske a.d's overall GF Score™ is 100/100 with 6 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 Telekom Srpske a.d (XBLB:TLKM-R-A), the current ROC (Joel Greenblatt) % is 17.29% as of Dec. 2025. 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 Telekom Srpske a.d (XBLB:TLKM-R-A) Overvalued in 2026?

Based on GuruFocus' analysis, Telekom Srpske a.d stock appears to be undervalued. The current stock price of BAM0.99 is trading 20.7% below its estimated GF Value™ of BAM1.25. GuruFocus considers Telekom Srpske a.d to be Modestly Undervalued.

Key valuation signals for XBLB:TLKM-R-A:

  • ROC (Joel Greenblatt) %: 17.29% (26% above median its 10-year median of 13.67)
  • GF Value™: BAM1.25 vs. price of BAM0.99 (20.7% below fair value)
  • GF Score™: 100/100 with 6 warning signs
  • Industry Position: 13.3% above the Telecommunication Services median (#162 of 363)

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


Telekom Srpske a.d Business Description

Address 93, Kralja Petra I, Karadordevica, Banja Luka, BIH, 78000
Telekom Srpske a.d is a telecommunications company. It offers telecommunication services in the field of mobile telephony, fixed telephony, digital television, the Internet and data transfer. In addition to its core business, the company also offers a wide range of other telecommunication services, including other fixed telephone services, data transfer, lease lines, as well as additional services in the field of mobile telephony, internet and multimedia services. The company also provides services in the field of leasing, construction, management and protection of telecommunication infrastructure.
100GF Score

Get the complete analysis for XBLB:TLKM-R-A

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

BAM0.99
Price
BAM1.25
GF Value