Hochtief AGXSWX:HOT 73 ROC (Joel Greenblatt) % is 90.90% as of Mar. 2026, which is 19% above its 10-year median of 76.19. GuruFocus rates XSWX:HOT with a GF Score™ of 73/100 and a GF Value™ of CHF145.39 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,776 Construction companies, Hochtief AG ranks better than 87.44% 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. Hochtief AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 90.90%.
The historical rank and industry rank for Hochtief AG's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:HOT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 67.45 Med: 76.19 Max: 115.52
Current: 95.22
During the past 13 years, Hochtief AG's highest ROC (Joel Greenblatt) % was 115.52%. The lowest was 67.45%. And the median was 76.19%.
XSWX:HOT's ROC (Joel Greenblatt) % is ranked better than 87.44% of 1776
companies
in the Construction industry
Industry Median: 19.375
vs XSWX:HOT: 95.22
Hochtief AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.40% per year.
Hochtief AG (XSWX:HOT) 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.
Hochtief AG ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Hochtief AG'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:HOT vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Hochtief AG'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.
Hochtief AG ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Hochtief AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hochtief AG'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 90.90% mean?
Hochtief AG (XSWX:HOT) has a ROC (Joel Greenblatt) % of 90.90% 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 Hochtief AG and its competitors. This is 19% above median its historical median of 76.19. Over the past decade, Hochtief AG's ROC (Joel Greenblatt) % has ranged from 67.45 to 115.52. According to the industry distribution chart, Hochtief AG ranks #223 out of 1776 companies in the Construction industry, placing it in the top 12.6%.
Is Hochtief AG's ROC (Joel Greenblatt) % too high?
Hochtief AG's current ROC (Joel Greenblatt) % of 90.90% is 19% above median its 10-year median of 76.19. Over the past 10 years, this metric has ranged from a low of 67.45 to a high of 115.52. The Construction industry median ROC (Joel Greenblatt) % is 19.38. Hochtief AG's value of 90.90% is 369.2% above this industry median. Based on the distribution chart, Hochtief AG ranks #223 out of 1776 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Hochtief AG has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hochtief AG's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Hochtief AG ranks #223 out of 1776 companies for ROC (Joel Greenblatt) %. This places Hochtief AG in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.38. Hochtief AG's value of 90.90% is 369.2% above this benchmark. Historically, Hochtief AG's own ROC (Joel Greenblatt) % has ranged from 67.45 to 115.52 over the past decade. While the company's 10-year median is 76.19 vs. the industry median of 19.38, Hochtief AG 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.38, based on 1,776 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. Hochtief AG's current ROC (Joel Greenblatt) % of 90.90% is 369.2% 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 Hochtief AG and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hochtief AG's current ROC (Joel Greenblatt) % is 90.90%, which is 19% above median its own 10-year median of 76.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hochtief AG stock overvalued right now?
Based on GuruFocus' analysis, Hochtief AG (XSWX:HOT) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF145.39, compared to a current price of CHF459.80 — trading 216.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 90.90%, which is 19% above median its 10-year median of 76.19 and 369.2% above the Construction industry median of 19.38. Hochtief AG's overall GF Score™ is 73/100 with 8 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 Hochtief AG (XSWX:HOT), the current ROC (Joel Greenblatt) % is 90.90% 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 Hochtief AG (XSWX:HOT) Overvalued in 2026?
Based on GuruFocus' analysis, Hochtief AG stock appears to be overvalued.
The current stock price of CHF459.80 is trading 216.3% above its estimated GF Value™ of CHF145.39.
GuruFocus considers Hochtief AG to be Significantly Overvalued.
Key valuation signals for XSWX:HOT:
ROC (Joel Greenblatt) %: 90.90% (19% above median its 10-year median of 76.19)
GF Value™: CHF145.39 vs. price of CHF459.80 (216.3% above fair value)
Industry Position: 369.2% above the Construction median (#223 of 1776)
No single metric tells the full story. See the XSWX:HOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hochtief AG develops and constructs building and infrastructure projects. It works on complex projects in transportation, energy, urban infrastructure, and mining markets. It expands transportation networks with roads, bridges, and tunnels, or designs and constructs office buildings, hospitals, and power plants. The company leans on expertise and technical know-how in developing, financing, building, and operating in designated business areas. Also, it will partner with external groups to work on specific components of a project. Its regional divisions are Americas, Asia Pacific, and Europe. The Americas and the Asia Pacific account for the majority of sales and are where the company's assets are located.
73GF Score
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