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. Bitcoin Group SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -1,158.10%.
The historical rank and industry rank for Bitcoin Group SE's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:ADE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -261.84 Med: 684.52 Max: 27564.56
Current: 22.17
During the past 13 years, Bitcoin Group SE's highest ROC (Joel Greenblatt) % was 27564.56%. The lowest was -261.84%. And the median was 684.52%.
XSWX:ADE's ROC (Joel Greenblatt) % is ranked worse than 58.66% of 629
companies
in the Asset Management industry
Industry Median: 63.35
vs XSWX:ADE: 22.17
Bitcoin Group SE's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Bitcoin Group SE (XSWX:ADE) 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.
Bitcoin Group SE ROC (Joel Greenblatt) % Related Terms
Bitcoin Group SE ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bitcoin Group SE'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.
XSWX:ADE vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Bitcoin Group SE'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.
Bitcoin Group SE ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Bitcoin Group SE's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bitcoin Group SE's ROC (Joel Greenblatt) % falls into.
Bitcoin Group SE 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 (Jun. 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 -1,158.10% mean?
Bitcoin Group SE (XSWX:ADE) has a ROC (Joel Greenblatt) % of -1,158.10% as of Jun. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Bitcoin Group SE and its competitors. According to the industry distribution chart, Bitcoin Group SE ranks #369 out of 629 companies in the Asset Management industry, placing it in the top 58.7%.
Is Bitcoin Group SE's ROC (Joel Greenblatt) % too high?
Bitcoin Group SE's current ROC (Joel Greenblatt) % is -1,158.10%. Based on the distribution chart, Bitcoin Group SE ranks #369 out of 629 companies in the Asset Management industry, which is below the industry midpoint. Overall, Bitcoin Group SE has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bitcoin Group SE's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Bitcoin Group SE ranks #369 out of 629 companies for ROC (Joel Greenblatt) %. This places Bitcoin Group SE in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 63.35. 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 63.35, based on 629 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 Bitcoin Group SE and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bitcoin Group SE's current ROC (Joel Greenblatt) % is -1,158.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitcoin Group SE stock overvalued right now?
Based on GuruFocus' analysis, Bitcoin Group SE (XSWX:ADE) is currently considered Possible Value Trap. The stock's GF Value™ is CHF170.50, compared to a current price of CHF24.02 — trading 85.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is -1,158.10%. Bitcoin Group SE's overall GF Score™ is 46/100 with 5 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 Bitcoin Group SE (XSWX:ADE), the current ROC (Joel Greenblatt) % is -1,158.10% as of Jun. 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 Bitcoin Group SE (XSWX:ADE) Overvalued in 2026?
Based on GuruFocus' analysis, Bitcoin Group SE stock appears to be undervalued.
The current stock price of CHF24.02 is trading 85.9% below its estimated GF Value™ of CHF170.50.
GuruFocus considers Bitcoin Group SE to be Possible Value Trap.
Key valuation signals for XSWX:ADE:
ROC (Joel Greenblatt) %: -1,158.10%
GF Value™: CHF170.50 vs. price of CHF24.02 (85.9% below fair value)
No single metric tells the full story. See the XSWX:ADE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bitcoin Group SE is a venture capital company. The Company focuses on the acquisition, sale and management of investments in companies, and the acquisition of strategic leadership, management and coordination of these companies.
46GF Score
Get the complete analysis for XSWX:ADE
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:ADE has been successfully added to your 
