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Greenblatt on the BEL20

This ranking weighs EV/EBITDA ×4, Return on assets ×4, and nothing else, across the 20 companies we track on the BEL20. 8 of them clear Greenblatt’s hard limits right now, and 2 cannot be judged because a required figure is missing.

Ranked highest by Greenblatt on this market right now, which is not the same list as the one that clears the limits above:

  1. Umicore (UMI.BR) · Industrials · EV/EBITDA 5.0 · Return on assets 7.6%
  2. Colruyt (COLR.BR) · Consumer Defensive · EV/EBITDA 6.0 · Return on assets 4.5%
  3. UCB (UCB.BR) · Healthcare · EV/EBITDA 12.3 · Return on assets 9.0%
  4. AB InBev (ABI.BR) · Consumer Defensive · EV/EBITDA 11.1 · Return on assets 4.9%
  5. Melexis (MELE.BR) · Technology · EV/EBITDA 14.7 · Return on assets 10.0%

From data as of 2026-09-11 01:00:55 UTC. Rebuilt every hour; the table above is live.

All 20 companies on the BEL20, ranked by Greenblatt, as text
  1. Umicore (UMI.BR) · EV/EBITDA 5.0 · Return on assets 7.6%
  2. Colruyt (COLR.BR) · EV/EBITDA 6.0 · Return on assets 4.5%
  3. UCB (UCB.BR) · EV/EBITDA 12.3 · Return on assets 9.0%
  4. AB InBev (ABI.BR) · EV/EBITDA 11.1 · Return on assets 4.9%
  5. Melexis (MELE.BR) · EV/EBITDA 14.7 · Return on assets 10.0%
  6. Solvay (SOLB.BR) · EV/EBITDA 7.8 · Return on assets 3.7%
  7. Elia Group (ELI.BR) · EV/EBITDA 10.3 · Return on assets 3.9%
  8. Sofina (SOF.BR) · Return on assets 7.4%
  9. argenx (ARGX.BR) · EV/EBITDA 35.1 · Return on assets 11.6%
  10. Lotus Bakeries (LOTB.BR) · EV/EBITDA 34.8 · Return on assets 10.4%
  11. Ackermans & van Haaren (ACKB.BR) · EV/EBITDA 7.1 · Return on assets 2.5%
  12. Azelis (AZE.BR) · EV/EBITDA 11.3 · Return on assets 3.5%
  13. Syensqo (SYENS.BR) · EV/EBITDA 9.1 · Return on assets 2.2%
  14. D'Ieteren (DIE.BR) · EV/EBITDA 19.7 · Return on assets 4.2%
  15. WDP (WDP.BR) · EV/EBITDA 18.8 · Return on assets 3.3%
  16. Montea (MONT.BR) · EV/EBITDA 19.3 · Return on assets 2.8%
  17. GBL (GBLB.BR) · EV/EBITDA 14.2 · Return on assets 1.1%
  18. KBC (KBC.BR) · Return on assets 0.9%
  19. Aedifica (AED.BR) · EV/EBITDA 26.9 · Return on assets 2.6%
  20. Ageas (AGS.BR) · EV/EBITDA -1.3 · Return on assets 0.6%