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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. Piscines Jean Desjoyaux's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -2.20%.
The historical rank and industry rank for Piscines Jean Desjoyaux's ROC (Joel Greenblatt) % or its related term are showing as below:
XPAR:ALPDX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.22 Med: 22.76 Max: 65.42
Current: 8.22
During the past 13 years, Piscines Jean Desjoyaux's highest ROC (Joel Greenblatt) % was 65.42%. The lowest was 8.22%. And the median was 22.76%.
XPAR:ALPDX's ROC (Joel Greenblatt) % is ranked worse than 54.9% of 847
companies
in the Travel & Leisure industry
Industry Median: 9.91
vs XPAR:ALPDX: 8.22
Piscines Jean Desjoyaux's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -27.30% per year.
Piscines Jean Desjoyaux (XPAR:ALPDX) 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.
Piscines Jean Desjoyaux ROC (Joel Greenblatt) % Related Terms
Piscines Jean Desjoyaux ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Piscines Jean Desjoyaux'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.
Piscines Jean Desjoyaux ROC (Joel Greenblatt) % Chart
XPAR:ALPDX vs AS, HAS, LTH: ROC (Joel Greenblatt) % Comparison
For the Leisure subindustry, Piscines Jean Desjoyaux'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.
Piscines Jean Desjoyaux ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Piscines Jean Desjoyaux's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Piscines Jean Desjoyaux's ROC (Joel Greenblatt) % falls into.
Piscines Jean Desjoyaux 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 two times the semi-annual (Feb. 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 -2.20% mean?
Piscines Jean Desjoyaux (XPAR:ALPDX) has a ROC (Joel Greenblatt) % of -2.20% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Piscines Jean Desjoyaux and its competitors. Over the past decade, Piscines Jean Desjoyaux's ROC (Joel Greenblatt) % has ranged from 8.22 to 65.42. According to the industry distribution chart, Piscines Jean Desjoyaux ranks #465 out of 847 companies in the Travel & Leisure industry, placing it in the top 54.9%.
Is Piscines Jean Desjoyaux's ROC (Joel Greenblatt) % too high?
Piscines Jean Desjoyaux's current ROC (Joel Greenblatt) % is -2.20%. Over the past 10 years, this metric has ranged from a low of 8.22 to a high of 65.42. Based on the distribution chart, Piscines Jean Desjoyaux ranks #465 out of 847 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Piscines Jean Desjoyaux has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piscines Jean Desjoyaux's ROC (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Piscines Jean Desjoyaux ranks #465 out of 847 companies for ROC (Joel Greenblatt) %. This places Piscines Jean Desjoyaux in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.91. Historically, Piscines Jean Desjoyaux's own ROC (Joel Greenblatt) % has ranged from 8.22 to 65.42 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 9.91, based on 847 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 Piscines Jean Desjoyaux and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 9.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piscines Jean Desjoyaux's current ROC (Joel Greenblatt) % is -2.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piscines Jean Desjoyaux stock overvalued right now?
Based on GuruFocus' analysis, Piscines Jean Desjoyaux (XPAR:ALPDX) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.79, compared to a current price of €11.10 — trading 13.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is -2.20%. Piscines Jean Desjoyaux's overall GF Score™ is 68/100 with 7 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 Piscines Jean Desjoyaux (XPAR:ALPDX), the current ROC (Joel Greenblatt) % is -2.20% as of Feb. 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 Piscines Jean Desjoyaux (XPAR:ALPDX) Overvalued in 2026?
Based on GuruFocus' analysis, Piscines Jean Desjoyaux stock appears to be overvalued.
The current stock price of €11.10 is trading 13.4% above its estimated GF Value™ of €9.79.
GuruFocus considers Piscines Jean Desjoyaux to be Modestly Overvalued.
Key valuation signals for XPAR:ALPDX:
ROC (Joel Greenblatt) %: -2.20%
GF Value™: €9.79 vs. price of €11.10 (13.4% above fair value)
No single metric tells the full story. See the XPAR:ALPDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piscines Jean Desjoyaux is a France-based company engaged in the provision of home-use swimming pool solutions, spas, and above-ground pools, as well as in the construction of public swimming pools for hotels, local communities, and campsites. The company also offers pool equipment, such as coverings and shelters, solar showers, enclosures, heating pumps, electrical heaters and exchangers, and a wide range of accessories and products for the swimming pool maintenance.
68GF Score
Get the complete analysis for XPAR:ALPDX
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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