Koninklijke Ahold Delhaize NVXSWX:AD 88 ROC (Joel Greenblatt) % is 17.05% as of Mar. 2026, which is 9% above its 10-year median of 15.65. GuruFocus rates XSWX:AD with a GF Score™ of 88/100 and a GF Value™ of CHF27.58 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 310 Retail - Defensive companies, Koninklijke Ahold Delhaize NV ranks better than 60.65% 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. Koninklijke Ahold Delhaize NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.05%.
The historical rank and industry rank for Koninklijke Ahold Delhaize NV's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:AD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.32 Med: 15.65 Max: 17.87
Current: 17.43
During the past 13 years, Koninklijke Ahold Delhaize NV's highest ROC (Joel Greenblatt) % was 17.87%. The lowest was 12.32%. And the median was 15.65%.
XSWX:AD's ROC (Joel Greenblatt) % is ranked better than 60.65% of 310
companies
in the Retail - Defensive industry
Industry Median: 13.375
vs XSWX:AD: 17.43
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.
XSWX:AD vs KR, SFM, ACI: ROC (Joel Greenblatt) % Comparison
For the Grocery Stores subindustry, Koninklijke Ahold Delhaize NV'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.
Koninklijke Ahold Delhaize NV ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Koninklijke Ahold Delhaize NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Koninklijke Ahold Delhaize NV'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 17.05% mean?
Koninklijke Ahold Delhaize NV (XSWX:AD) has a ROC (Joel Greenblatt) % of 17.05% 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 Koninklijke Ahold Delhaize NV and its competitors. This is near median its historical median of 15.65. Over the past decade, Koninklijke Ahold Delhaize NV's ROC (Joel Greenblatt) % has ranged from 12.32 to 17.87. According to the industry distribution chart, Koninklijke Ahold Delhaize NV ranks #122 out of 310 companies in the Retail - Defensive industry, placing it in the top 39.4%.
Is Koninklijke Ahold Delhaize NV's ROC (Joel Greenblatt) % too high?
Koninklijke Ahold Delhaize NV's current ROC (Joel Greenblatt) % of 17.05% is near median its 10-year median of 15.65. Over the past 10 years, this metric has ranged from a low of 12.32 to a high of 17.87. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.38. Koninklijke Ahold Delhaize NV's value of 17.05% is 27.5% above this industry median. Based on the distribution chart, Koninklijke Ahold Delhaize NV ranks #122 out of 310 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Koninklijke Ahold Delhaize NV has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koninklijke Ahold Delhaize NV's ROC (Joel Greenblatt) % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Koninklijke Ahold Delhaize NV ranks #122 out of 310 companies for ROC (Joel Greenblatt) %. This puts Koninklijke Ahold Delhaize NV in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 13.38. Koninklijke Ahold Delhaize NV's value of 17.05% is 27.5% above this benchmark. Historically, Koninklijke Ahold Delhaize NV's own ROC (Joel Greenblatt) % has ranged from 12.32 to 17.87 over the past decade. While the company's 10-year median is 15.65 vs. the industry median of 13.38, Koninklijke Ahold Delhaize NV 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.38, based on 310 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. Koninklijke Ahold Delhaize NV's current ROC (Joel Greenblatt) % of 17.05% is 27.5% 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 Koninklijke Ahold Delhaize NV and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koninklijke Ahold Delhaize NV's current ROC (Joel Greenblatt) % is 17.05%, which is near median its own 10-year median of 15.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koninklijke Ahold Delhaize NV stock overvalued right now?
Based on GuruFocus' analysis, Koninklijke Ahold Delhaize NV (XSWX:AD) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF27.58, compared to a current price of CHF32.33 — trading 17.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 17.05%, which is near median its 10-year median of 15.65 and 27.5% above the Retail - Defensive industry median of 13.38. Koninklijke Ahold Delhaize NV's overall GF Score™ is 88/100 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 Koninklijke Ahold Delhaize NV (XSWX:AD), the current ROC (Joel Greenblatt) % is 17.05% 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 Koninklijke Ahold Delhaize NV (XSWX:AD) Overvalued in 2026?
Based on GuruFocus' analysis, Koninklijke Ahold Delhaize NV stock appears to be overvalued.
The current stock price of CHF32.33 is trading 17.2% above its estimated GF Value™ of CHF27.58.
GuruFocus considers Koninklijke Ahold Delhaize NV to be Modestly Overvalued.
Key valuation signals for XSWX:AD:
ROC (Joel Greenblatt) %: 17.05% (near median its 10-year median of 15.65)
GF Value™: CHF27.58 vs. price of CHF32.33 (17.2% above fair value)
Industry Position: 27.5% above the Retail - Defensive median (#122 of 310)
No single metric tells the full story. See the XSWX:AD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Koninklijke Ahold Delhaize NV Business Description
Ahold Delhaize is the product of the July 2016 merger between Netherlands-based Ahold and Belgium's Delhaize, forming the seventh-largest grocer in the US and a top player in several parts of Europe. The US is its largest market, accounting for over 60% of group sales, and the network stretches from Maine to Georgia, including banners Stop & Shop, The Giant Company, Giant Food, Food Lion, and Hannaford. The Europe segment accounts for the rest of the revenue, with the firm operating in the Netherlands, Belgium, Greece, Romania, Serbia, and Luxembourg.
88GF Score
Get the complete analysis for XSWX:AD
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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