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Innovative-RFK SpAXPAR:MLIRF 65 ROC (Joel Greenblatt) % is 272.91% as of Dec. 2025, which is 795% above its 10-year median of 30.49. GuruFocus rates XPAR:MLIRF with a GF Score™ of 65/100 and a GF Value™ of €5.42 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 628 Asset Management companies, Innovative-RFK SpA ranks better than 67.36% 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. Innovative-RFK SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 272.91%.
The historical rank and industry rank for Innovative-RFK SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
XPAR:MLIRF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -148.89 Med: 30.49 Max: 594.74
Current: 272.91
During the past 9 years, Innovative-RFK SpA's highest ROC (Joel Greenblatt) % was 594.74%. The lowest was -148.89%. And the median was 30.49%.
XPAR:MLIRF's ROC (Joel Greenblatt) % is ranked better than 67.36% of 628
companies
in the Asset Management industry
Industry Median: 63.66
vs XPAR:MLIRF: 272.91
Innovative-RFK SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Innovative-RFK SpA ROC (Joel Greenblatt) % Related Terms
Innovative-RFK SpA ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Innovative-RFK SpA'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.
XPAR:MLIRF vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Innovative-RFK SpA'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.
Innovative-RFK SpA ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Innovative-RFK SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Innovative-RFK SpA'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 one times the 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 272.91% mean?
Innovative-RFK SpA (XPAR:MLIRF) has a ROC (Joel Greenblatt) % of 272.91% 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 Innovative-RFK SpA and its competitors. This is 795% above median its historical median of 30.49. According to the industry distribution chart, Innovative-RFK SpA ranks #205 out of 628 companies in the Asset Management industry, placing it in the top 32.6%.
Is Innovative-RFK SpA's ROC (Joel Greenblatt) % too high?
Innovative-RFK SpA's current ROC (Joel Greenblatt) % of 272.91% is 795% above median its 10-year median of 30.49. The Asset Management industry median ROC (Joel Greenblatt) % is 63.66. Innovative-RFK SpA's value of 272.91% is 328.7% above this industry median. Based on the distribution chart, Innovative-RFK SpA ranks #205 out of 628 companies in the Asset Management industry, which is above the industry midpoint. Overall, Innovative-RFK SpA has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Innovative-RFK SpA's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Innovative-RFK SpA ranks #205 out of 628 companies for ROC (Joel Greenblatt) %. This puts Innovative-RFK SpA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 63.66. Innovative-RFK SpA's value of 272.91% is 328.7% above this benchmark. While the company's 10-year median is 30.49 vs. the industry median of 63.66, Innovative-RFK SpA 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 63.66, based on 628 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. Innovative-RFK SpA's current ROC (Joel Greenblatt) % of 272.91% is 328.7% 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 Innovative-RFK SpA and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative-RFK SpA's current ROC (Joel Greenblatt) % is 272.91%, which is 795% above median its own 10-year median of 30.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative-RFK SpA stock overvalued right now?
Based on GuruFocus' analysis, Innovative-RFK SpA (XPAR:MLIRF) is currently considered Possible Value Trap. The stock's GF Value™ is €5.42, compared to a current price of €1.80 — trading 66.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 272.91%, which is 795% above median its 10-year median of 30.49 and 328.7% above the Asset Management industry median of 63.66. Innovative-RFK SpA's overall GF Score™ is 65/100 with 2 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 Innovative-RFK SpA (XPAR:MLIRF), the current ROC (Joel Greenblatt) % is 272.91% 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 Innovative-RFK SpA (XPAR:MLIRF) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative-RFK SpA stock appears to be undervalued.
The current stock price of €1.80 is trading 66.8% below its estimated GF Value™ of €5.42.
GuruFocus considers Innovative-RFK SpA to be Possible Value Trap.
Key valuation signals for XPAR:MLIRF:
ROC (Joel Greenblatt) %: 272.91% (795% above median its 10-year median of 30.49)
GF Value™: €5.42 vs. price of €1.80 (66.8% below fair value)
Industry Position: 328.7% above the Asset Management median (#205 of 628)
No single metric tells the full story. See the XPAR:MLIRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovative-RFK SpA is an investment fund investing in inventive Italian Small and medium-sized enterprises. The company's services include business consultancy services and corporate planning, management and operations consultancy on company policy, planning, organization, efficiency and control, company development and restructuring; consultancy services on marketing management to inventive start-ups and Small and medium-sized enterprises.
65GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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