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. Chocoladefabriken Lindt & Spruengli AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 52.35%.
XSWX:LISP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.78 Med: 30.91 Max: 38.17
Current: 37.12
During the past 13 years, Chocoladefabriken Lindt & Spruengli AG's highest ROC (Joel Greenblatt) % was 38.17%. The lowest was 18.78%. And the median was 30.91%.
XSWX:LISP's ROC (Joel Greenblatt) % is ranked better than 84.52% of 1970
companies
in the Consumer Packaged Goods industry
Industry Median: 11.985
vs XSWX:LISP: 37.12
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.
* 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.
Chocoladefabriken Lindt & Spruengli AG ROC (Joel Greenblatt) % Chart
Chocoladefabriken Lindt & Spruengli AG Annual Data
XSWX:LISP vs MDLZ, HSY, TR: ROC (Joel Greenblatt) % Comparison
For the Confectioners subindustry, Chocoladefabriken Lindt & Spruengli 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.
Chocoladefabriken Lindt & Spruengli AG ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Chocoladefabriken Lindt & Spruengli AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chocoladefabriken Lindt & Spruengli AG's ROC (Joel Greenblatt) % falls into.
Chocoladefabriken Lindt & Spruengli AG 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 52.35% mean?
Chocoladefabriken Lindt & Spruengli AG (XSWX:LISP) has a ROC (Joel Greenblatt) % of 52.35% 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 Chocoladefabriken Lindt & Spruengli AG and its competitors. This is 69% above median its historical median of 30.91. Over the past decade, Chocoladefabriken Lindt & Spruengli AG's ROC (Joel Greenblatt) % has ranged from 18.78 to 38.17. According to the industry distribution chart, Chocoladefabriken Lindt & Spruengli AG ranks #305 out of 1970 companies in the Consumer Packaged Goods industry, placing it in the top 15.5%.
Is Chocoladefabriken Lindt & Spruengli AG's ROC (Joel Greenblatt) % too high?
Chocoladefabriken Lindt & Spruengli AG's current ROC (Joel Greenblatt) % of 52.35% is 69% above median its 10-year median of 30.91. Over the past 10 years, this metric has ranged from a low of 18.78 to a high of 38.17. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Chocoladefabriken Lindt & Spruengli AG's value of 52.35% is 336.8% above this industry median. Based on the distribution chart, Chocoladefabriken Lindt & Spruengli AG ranks #305 out of 1970 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Chocoladefabriken Lindt & Spruengli AG has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chocoladefabriken Lindt & Spruengli AG's ROC (Joel Greenblatt) % compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Chocoladefabriken Lindt & Spruengli AG ranks #305 out of 1970 companies for ROC (Joel Greenblatt) %. This places Chocoladefabriken Lindt & Spruengli AG in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Chocoladefabriken Lindt & Spruengli AG's value of 52.35% is 336.8% above this benchmark. Historically, Chocoladefabriken Lindt & Spruengli AG's own ROC (Joel Greenblatt) % has ranged from 18.78 to 38.17 over the past decade. While the company's 10-year median is 30.91 vs. the industry median of 11.99, Chocoladefabriken Lindt & Spruengli 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,970 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. Chocoladefabriken Lindt & Spruengli AG's current ROC (Joel Greenblatt) % of 52.35% is 336.8% 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 Chocoladefabriken Lindt & Spruengli AG and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chocoladefabriken Lindt & Spruengli AG's current ROC (Joel Greenblatt) % is 52.35%, which is 69% above median its own 10-year median of 30.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chocoladefabriken Lindt & Spruengli AG stock overvalued right now?
Based on GuruFocus' analysis, Chocoladefabriken Lindt & Spruengli AG (XSWX:LISP) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF12,636.78, compared to a current price of CHF9,635.00 — trading 23.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 52.35%, which is 69% above median its 10-year median of 30.91 and 336.8% above the Consumer Packaged Goods industry median of 11.99. Chocoladefabriken Lindt & Spruengli AG's overall GF Score™ is 86/100 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 Chocoladefabriken Lindt & Spruengli AG (XSWX:LISP), the current ROC (Joel Greenblatt) % is 52.35% 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 Chocoladefabriken Lindt & Spruengli AG (XSWX:LISP) Overvalued in 2026?
Based on GuruFocus' analysis, Chocoladefabriken Lindt & Spruengli AG stock appears to be undervalued.
The current stock price of CHF9,635.00 is trading 23.8% below its estimated GF Value™ of CHF12,636.78.
GuruFocus considers Chocoladefabriken Lindt & Spruengli AG to be Modestly Undervalued.
Key valuation signals for XSWX:LISP:
ROC (Joel Greenblatt) %: 52.35% (69% above median its 10-year median of 30.91)
GF Value™: CHF12,636.78 vs. price of CHF9,635.00 (23.8% below fair value)
Industry Position: 336.8% above the Consumer Packaged Goods median (#305 of 1970)
No single metric tells the full story. See the XSWX:LISP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chocoladefabriken Lindt & Spruengli AG Business Description
Swiss-based Chocoladefabriken Lindt & Spruengli is a manufacturer of premium chocolate. Key brands include Lindt, Lindor, Ghirardelli, Russell Stover, Whitman's, and Caffarel. The company bought US-based Russell Stover, its largest-ever acquisition, in 2014. It derives the bulk of its sales from Europe (47% of its consolidated base) but also competes in North America (40%) and the rest of the world (13%). The company operates 11 manufacturing plants in Europe and the United States. Its distribution network includes more than 620 own stores.
86GF Score
Get the complete analysis for XSWX:LISP
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:LISP has been successfully added to your 
