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Bulgarian Private Equity Fund ADXBUL:BPEF 62 ROC (Joel Greenblatt) % is 806.40% as of Mar. 2026, which is 623% above its 10-year median of 111.47. GuruFocus rates XBUL:BPEF with a GF Score™ of 62/100 and a GF Value™ of €3.85 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 680 Capital Markets companies, Bulgarian Private Equity Fund AD ranks better than 83.97% 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. Bulgarian Private Equity Fund AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 806.40%.
The historical rank and industry rank for Bulgarian Private Equity Fund AD's ROC (Joel Greenblatt) % or its related term are showing as below:
XBUL:BPEF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -845.56 Med: 111.47 Max: 829.69
Current: 474.56
During the past 13 years, Bulgarian Private Equity Fund AD's highest ROC (Joel Greenblatt) % was 829.69%. The lowest was -845.56%. And the median was 111.47%.
XBUL:BPEF's ROC (Joel Greenblatt) % is ranked better than 83.97% of 680
companies
in the Capital Markets industry
Industry Median: 34.39
vs XBUL:BPEF: 474.56
Bulgarian Private Equity Fund AD (XBUL:BPEF) 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.
Bulgarian Private Equity Fund AD ROC (Joel Greenblatt) % Chart
XBUL:BPEF vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Bulgarian Private Equity Fund AD'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.
Bulgarian Private Equity Fund AD ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bulgarian Private Equity Fund AD's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bulgarian Private Equity Fund AD's ROC (Joel Greenblatt) % falls into.
Bulgarian Private Equity Fund AD 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 806.40% mean?
Bulgarian Private Equity Fund AD (XBUL:BPEF) has a ROC (Joel Greenblatt) % of 806.40% 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 Bulgarian Private Equity Fund AD and its competitors. This is 623% above median its historical median of 111.47. According to the industry distribution chart, Bulgarian Private Equity Fund AD ranks #109 out of 680 companies in the Capital Markets industry, placing it in the top 16%.
Is Bulgarian Private Equity Fund AD's ROC (Joel Greenblatt) % too high?
Bulgarian Private Equity Fund AD's current ROC (Joel Greenblatt) % of 806.40% is 623% above median its 10-year median of 111.47. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.39. Bulgarian Private Equity Fund AD's value of 806.40% is 2244.9% above this industry median. Based on the distribution chart, Bulgarian Private Equity Fund AD ranks #109 out of 680 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bulgarian Private Equity Fund AD has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Private Equity Fund AD's ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Bulgarian Private Equity Fund AD ranks #109 out of 680 companies for ROC (Joel Greenblatt) %. This places Bulgarian Private Equity Fund AD in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.39. Bulgarian Private Equity Fund AD's value of 806.40% is 2244.9% above this benchmark. While the company's 10-year median is 111.47 vs. the industry median of 34.39, Bulgarian Private Equity Fund AD 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.39, based on 680 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. Bulgarian Private Equity Fund AD's current ROC (Joel Greenblatt) % of 806.40% is 2244.9% 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 Bulgarian Private Equity Fund AD and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Private Equity Fund AD's current ROC (Joel Greenblatt) % is 806.40%, which is 623% above median its own 10-year median of 111.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Private Equity Fund AD stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Private Equity Fund AD (XBUL:BPEF) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.85, compared to a current price of €1.30 — trading 66.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 806.40%, which is 623% above median its 10-year median of 111.47 and 2244.9% above the Capital Markets industry median of 34.39. Bulgarian Private Equity Fund AD's overall GF Score™ is 62/100 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 Bulgarian Private Equity Fund AD (XBUL:BPEF), the current ROC (Joel Greenblatt) % is 806.40% 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 Bulgarian Private Equity Fund AD (XBUL:BPEF) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian Private Equity Fund AD stock appears to be undervalued.
The current stock price of €1.30 is trading 66.2% below its estimated GF Value™ of €3.85.
GuruFocus considers Bulgarian Private Equity Fund AD to be Significantly Undervalued.
Key valuation signals for XBUL:BPEF:
ROC (Joel Greenblatt) %: 806.40% (623% above median its 10-year median of 111.47)
GF Value™: €3.85 vs. price of €1.30 (66.2% below fair value)
Industry Position: 2244.9% above the Capital Markets median (#109 of 680)
No single metric tells the full story. See the XBUL:BPEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian Private Equity Fund AD Formerly Bulgarian Equity Investment Fund AD is engaged in the acquisition, management & sale of shares in Bulgarian & foreign companies. It also offers commercial mediation & representation, purchase, sale & exchange of real estate, renting & real estate management.
62GF Score
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