LEM HoldingXSWX:LEHN +0.93%68 ROC (Joel Greenblatt) % is 13.45% as of Mar. 2026, which is 82% below its 10-year median of 74.20. GuruFocus rates XSWX:LEHN with a GF Score™ of 68/100 and a GF Value™ of CHF822.64 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 2,487 Hardware companies, LEM Holding ranks better than 54.85% 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. LEM Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.45%.
The historical rank and industry rank for LEM Holding's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:LEHN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.21 Med: 74.2 Max: 92.94
Current: 12.63
During the past 13 years, LEM Holding's highest ROC (Joel Greenblatt) % was 92.94%. The lowest was 8.21%. And the median was 74.20%.
XSWX:LEHN's ROC (Joel Greenblatt) % is ranked better than 54.85% of 2487
companies
in the Hardware industry
Industry Median: 10.43
vs XSWX:LEHN: 12.63
LEM Holding's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -37.90% per year.
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.
LEM Holding ROC (Joel Greenblatt) % Historical Data
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The historical data trend for LEM Holding'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:LEHN vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, LEM Holding'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.
LEM Holding ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, LEM Holding's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where LEM Holding'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 two times the semi-annual (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 13.45% mean?
LEM Holding (XSWX:LEHN) has a ROC (Joel Greenblatt) % of 13.45% 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 LEM Holding and its competitors. This is 82% below median its historical median of 74.20. Over the past decade, LEM Holding's ROC (Joel Greenblatt) % has ranged from 8.21 to 92.94. According to the industry distribution chart, LEM Holding ranks #1123 out of 2487 companies in the Hardware industry, placing it in the top 45.2%.
Is LEM Holding's ROC (Joel Greenblatt) % too high?
LEM Holding's current ROC (Joel Greenblatt) % of 13.45% is 82% below median its 10-year median of 74.20. Over the past 10 years, this metric has ranged from a low of 8.21 to a high of 92.94. The Hardware industry median ROC (Joel Greenblatt) % is 10.43. LEM Holding's value of 13.45% is 29% above this industry median. Based on the distribution chart, LEM Holding ranks #1123 out of 2487 companies in the Hardware industry, which is above the industry midpoint. Overall, LEM Holding has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LEM Holding's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, LEM Holding ranks #1123 out of 2487 companies for ROC (Joel Greenblatt) %. This puts LEM Holding in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.43. LEM Holding's value of 13.45% is 29% above this benchmark. Historically, LEM Holding's own ROC (Joel Greenblatt) % has ranged from 8.21 to 92.94 over the past decade. While the company's 10-year median is 74.20 vs. the industry median of 10.43, LEM Holding 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.43, based on 2,487 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. LEM Holding's current ROC (Joel Greenblatt) % of 13.45% is 29% 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 LEM Holding and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LEM Holding's current ROC (Joel Greenblatt) % is 13.45%, which is 82% below median its own 10-year median of 74.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LEM Holding stock overvalued right now?
Based on GuruFocus' analysis, LEM Holding (XSWX:LEHN) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF822.64, compared to a current price of CHF434.00 — trading 47.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.45%, which is 82% below median its 10-year median of 74.20 and 29% above the Hardware industry median of 10.43. LEM Holding's overall GF Score™ is 68/100 with 6 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 LEM Holding (XSWX:LEHN), the current ROC (Joel Greenblatt) % is 13.45% 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 LEM Holding (XSWX:LEHN) Overvalued in 2026?
Based on GuruFocus' analysis, LEM Holding stock appears to be undervalued.
The current stock price of CHF434.00 is trading 47.2% below its estimated GF Value™ of CHF822.64.
GuruFocus considers LEM Holding to be Significantly Undervalued.
Key valuation signals for XSWX:LEHN:
ROC (Joel Greenblatt) %: 13.45% (82% below median its 10-year median of 74.20)
GF Value™: CHF822.64 vs. price of CHF434.00 (47.2% below fair value)
Industry Position: 29% above the Hardware median (#1123 of 2487)
No single metric tells the full story. See the XSWX:LEHN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LEM Holding SA develops electrical measurement solutions for energy and mobility applications. Its products are used in customer systems for measurement, monitoring, and control purposes. Its product portfolio includes Energy meters, Rogowski coils, Voltage sensors, Current sensors, and Integrated current sensors. The company's operations are organized in two reportable segments, namely, i) Region of Asia which includes China, Japan, South Korea, India, Southeast Asia; ii) Region of Europe/Americas which includes Europe, the Middle East, Africa, NAFTA and Latin America. The majority of revenue is derived from the Asia segment.
68GF Score
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