Vulcan Materials CoVMC -0.52%91 ROC (Joel Greenblatt) % is 10.48% as of Mar. 2026, which is 37% below its 10-year median of 16.59. GuruFocus rates VMC with a GF Score™ of 91/100 and a GF Value™ of $277.27 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 409 Building Materials companies, Vulcan Materials Co ranks better than 71.39% 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. Vulcan Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.48%.
The historical rank and industry rank for Vulcan Materials Co's ROC (Joel Greenblatt) % or its related term are showing as below:
VMC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.31 Med: 16.59 Max: 19.17
Current: 16.67
During the past 13 years, Vulcan Materials Co's highest ROC (Joel Greenblatt) % was 19.17%. The lowest was 13.31%. And the median was 16.59%.
VMC's ROC (Joel Greenblatt) % is ranked better than 71.39% of 409
companies
in the Building Materials industry
Industry Median: 8.63
vs VMC: 16.67
Vulcan Materials Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.30% per year.
Vulcan Materials Co (NYSE:VMC) 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.
Vulcan Materials Co ROC (Joel Greenblatt) % Related Terms
Vulcan Materials Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Vulcan Materials Co'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.
VMC vs MLM, JHX, EXP: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, Vulcan Materials Co'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.
Vulcan Materials Co ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Vulcan Materials Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vulcan Materials Co's ROC (Joel Greenblatt) % falls into.
Vulcan Materials Co 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 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 10.48% mean?
Vulcan Materials Co (VMC) has a ROC (Joel Greenblatt) % of 10.48% 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 Vulcan Materials Co and its competitors. This is 37% below median its historical median of 16.59. Over the past decade, Vulcan Materials Co's ROC (Joel Greenblatt) % has ranged from 13.31 to 19.17. According to the industry distribution chart, Vulcan Materials Co ranks #117 out of 409 companies in the Building Materials industry, placing it in the top 28.6%.
Is Vulcan Materials Co's ROC (Joel Greenblatt) % too high?
Vulcan Materials Co's current ROC (Joel Greenblatt) % of 10.48% is 37% below median its 10-year median of 16.59. Over the past 10 years, this metric has ranged from a low of 13.31 to a high of 19.17. The Building Materials industry median ROC (Joel Greenblatt) % is 8.63. Vulcan Materials Co's value of 10.48% is 21.4% above this industry median. Based on the distribution chart, Vulcan Materials Co ranks #117 out of 409 companies in the Building Materials industry, which is above the industry midpoint. Overall, Vulcan Materials Co has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Materials Co's ROC (Joel Greenblatt) % compare to MLM and JHX?
According to the Building Materials industry distribution chart, Vulcan Materials Co ranks #117 out of 409 companies for ROC (Joel Greenblatt) %. This puts Vulcan Materials Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.63. Vulcan Materials Co's value of 10.48% is 21.4% above this benchmark. Historically, Vulcan Materials Co's own ROC (Joel Greenblatt) % has ranged from 13.31 to 19.17 over the past decade. While the company's 10-year median is 16.59 vs. the industry median of 8.63, Vulcan Materials Co 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.63, based on 409 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. Vulcan Materials Co's current ROC (Joel Greenblatt) % of 10.48% is 21.4% 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 Vulcan Materials Co and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Materials Co's current ROC (Joel Greenblatt) % is 10.48%, which is 37% below median its own 10-year median of 16.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Materials Co (VMC) is currently considered Modestly Overvalued. The stock's GF Value™ is $277.27, compared to a current price of $311.35 — trading 12.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.48%, which is 37% below median its 10-year median of 16.59 and 21.4% above the Building Materials industry median of 8.63. Vulcan Materials Co's overall GF Score™ is 91/100 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 Vulcan Materials Co (VMC), the current ROC (Joel Greenblatt) % is 10.48% 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 Vulcan Materials Co (VMC) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Materials Co stock appears to be overvalued.
The current stock price of $311.35 is trading 12.3% above its estimated GF Value™ of $277.27.
GuruFocus considers Vulcan Materials Co to be Modestly Overvalued.
Key valuation signals for VMC:
ROC (Joel Greenblatt) %: 10.48% (37% below median its 10-year median of 16.59)
GF Value™: $277.27 vs. price of $311.35 (12.3% above fair value)
Industry Position: 21.4% above the Building Materials median (#117 of 409)
No single metric tells the full story. See the VMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2024, Vulcan sold 219.9 million tons of aggregates, 13.6 million tons of asphalt mix, and 3.6 million cubic yards of ready-mix. As of Dec. 31, 2024, the company had 16.5 billion tons of aggregate reserves.
91GF Score
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