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. Apollo Global Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for Apollo Global Management's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, Apollo Global Management's highest ROC (Joel Greenblatt) % was 8220.75%. The lowest was 307.32%. And the median was 1376.10%.
XSWX:APO's ROC (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 64.34 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Apollo Global Management's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Apollo Global Management (XSWX:APO) 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.
Apollo Global Management ROC (Joel Greenblatt) % Related Terms
Apollo Global Management ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Apollo Global Management'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.
Apollo Global Management ROC (Joel Greenblatt) % Chart
XSWX:APO vs KKR, STT, AMP: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Apollo Global Management'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.
Apollo Global Management ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Apollo Global Management's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Apollo Global Management's ROC (Joel Greenblatt) % falls into.
Apollo Global Management 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 0.00% mean?
Apollo Global Management (XSWX:APO) has a ROC (Joel Greenblatt) % of 0.00% 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 Apollo Global Management and its competitors. Over the past decade, Apollo Global Management's ROC (Joel Greenblatt) % has ranged from 307.32 to 8,220.75. According to the industry distribution chart, Apollo Global Management ranks #999999 out of 628 companies in the Asset Management industry.
Is Apollo Global Management's ROC (Joel Greenblatt) % too high?
Apollo Global Management's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 307.32 to a high of 8,220.75. Based on the distribution chart, Apollo Global Management ranks #999999 out of 628 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Apollo Global Management has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Apollo Global Management's ROC (Joel Greenblatt) % compare to KKR and STT?
According to the Asset Management industry distribution chart, Apollo Global Management ranks #999999 out of 628 companies for ROC (Joel Greenblatt) %. This places Apollo Global Management in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 64.34. Historically, Apollo Global Management's own ROC (Joel Greenblatt) % has ranged from 307.32 to 8,220.75 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 64.34, 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. 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 Apollo Global Management and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 64.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Global Management's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Global Management stock overvalued right now?
Apollo Global Management (XSWX:APO) has a current ROC (Joel Greenblatt) % of 0.00%. The stock's GF Value™ is CHF107.86, compared to a current price of CHF97.67 — trading 9.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Apollo Global Management's overall GF Score™ is 75/100 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 Apollo Global Management (XSWX:APO), the current ROC (Joel Greenblatt) % is 0.00% 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 Apollo Global Management (XSWX:APO) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Global Management stock appears to be undervalued.
The current stock price of CHF97.67 is trading 9.4% below its estimated GF Value™ of CHF107.86.
Key valuation signals for XSWX:APO:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: CHF107.86 vs. price of CHF97.67 (9.4% below fair value)
No single metric tells the full story. See the XSWX:APO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo is one of the world's largest alternative asset managers, with $938.4 billion in total assets under management, or AUM, including $709.1 billion in fee-earning assets, at the end of 2025. The company has two core operating segments: asset management and retirement services. Apollo operates with scale in each of its major product lines—private equity (with $128.4 billion in total AUM and $75.0 billion in fee-earning AUM), real estate/real assets ($60.8 billion/$27.6 billion), and credit ($749.2 billion/$606.5 billion). Apollo has a distribution profile that is likely not too far off from the industry averages—with 84% of its assets held by institutional investors and 16% by high-net-worth clients.
75GF Score
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