Flatexdegiro SEXSWX:FTK 83 ROC (Joel Greenblatt) % is 428.56% as of Dec. 2025, which is 23% above its 10-year median of 347.44. GuruFocus rates XSWX:FTK with a GF Score™ of 83/100 and a GF Value™ of CHF18.70. The stock has 2 warning signs investors should review. Among 675 Capital Markets companies, Flatexdegiro SE ranks better than 82.67% 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. Flatexdegiro SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 428.56%.
The historical rank and industry rank for Flatexdegiro SE's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:FTK'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 210.67 Med: 347.44 Max: 472.22
Current: 431.22
During the past 13 years, Flatexdegiro SE's highest ROC (Joel Greenblatt) % was 472.22%. The lowest was 210.67%. And the median was 347.44%.
XSWX:FTK's ROC (Joel Greenblatt) % is ranked better than 82.67% of 675
companies
in the Capital Markets industry
Industry Median: 34.76
vs XSWX:FTK: 431.22
Flatexdegiro SE's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.10% per year.
Flatexdegiro SE (XSWX:FTK) 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.
Flatexdegiro SE ROC (Joel Greenblatt) % Related Terms
Flatexdegiro SE ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Flatexdegiro 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:FTK vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Flatexdegiro 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.
Flatexdegiro SE ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Flatexdegiro SE's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Flatexdegiro SE's ROC (Joel Greenblatt) % falls into.
Flatexdegiro 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 (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 428.56% mean?
Flatexdegiro SE (XSWX:FTK) has a ROC (Joel Greenblatt) % of 428.56% 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 Flatexdegiro SE and its competitors. This is 23% above median its historical median of 347.44. Over the past decade, Flatexdegiro SE's ROC (Joel Greenblatt) % has ranged from 210.67 to 472.22. According to the industry distribution chart, Flatexdegiro SE ranks #117 out of 675 companies in the Capital Markets industry, placing it in the top 17.3%.
Is Flatexdegiro SE's ROC (Joel Greenblatt) % too high?
Flatexdegiro SE's current ROC (Joel Greenblatt) % of 428.56% is 23% above median its 10-year median of 347.44. Over the past 10 years, this metric has ranged from a low of 210.67 to a high of 472.22. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.76. Flatexdegiro SE's value of 428.56% is 1132.9% above this industry median. Based on the distribution chart, Flatexdegiro SE ranks #117 out of 675 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Flatexdegiro SE has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Flatexdegiro SE's ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Flatexdegiro SE ranks #117 out of 675 companies for ROC (Joel Greenblatt) %. This places Flatexdegiro SE in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.76. Flatexdegiro SE's value of 428.56% is 1132.9% above this benchmark. Historically, Flatexdegiro SE's own ROC (Joel Greenblatt) % has ranged from 210.67 to 472.22 over the past decade. While the company's 10-year median is 347.44 vs. the industry median of 34.76, Flatexdegiro SE 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.76, based on 675 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. Flatexdegiro SE's current ROC (Joel Greenblatt) % of 428.56% is 1132.9% 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 Flatexdegiro SE and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flatexdegiro SE's current ROC (Joel Greenblatt) % is 428.56%, which is 23% above median its own 10-year median of 347.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flatexdegiro SE stock overvalued right now?
Flatexdegiro SE (XSWX:FTK) has a current ROC (Joel Greenblatt) % of 428.56%. The stock's GF Value™ is CHF18.70, compared to a current price of CHF33.98 — trading 81.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 428.56%, which is 23% above median its 10-year median of 347.44 and 1132.9% above the Capital Markets industry median of 34.76. Flatexdegiro SE's overall GF Score™ is 83/100 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 Flatexdegiro SE (XSWX:FTK), the current ROC (Joel Greenblatt) % is 428.56% 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 Flatexdegiro SE (XSWX:FTK) Overvalued in 2026?
Based on GuruFocus' analysis, Flatexdegiro SE stock appears to be overvalued.
The current stock price of CHF33.98 is trading 81.7% above its estimated GF Value™ of CHF18.70.
Key valuation signals for XSWX:FTK:
ROC (Joel Greenblatt) %: 428.56% (23% above median its 10-year median of 347.44)
GF Value™: CHF18.70 vs. price of CHF33.98 (81.7% above fair value)
Industry Position: 1132.9% above the Capital Markets median (#117 of 675)
No single metric tells the full story. See the XSWX:FTK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flatexdegiro SE is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than a million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are flatex and Degiro. It derives maximum revenue from Degiro segment.
83GF Score
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