Applied Aerospace & DefenseAADX -1.06%11 ROC (Joel Greenblatt) % is 37.21% as of Dec. 2025, which is 20% above its 10-year median of 30.88. GuruFocus rates AADX with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 357 Aerospace & Defense companies, Applied Aerospace & Defense ranks better than 78.15% 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. Applied Aerospace & Defense's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 37.21%.
The historical rank and industry rank for Applied Aerospace & Defense's ROC (Joel Greenblatt) % or its related term are showing as below:
AADX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 24.55 Med: 30.88 Max: 37.21
Current: 37.21
During the past 2 years, Applied Aerospace & Defense's highest ROC (Joel Greenblatt) % was 37.21%. The lowest was 24.55%. And the median was 30.88%.
AADX's ROC (Joel Greenblatt) % is ranked better than 78.15% of 357
companies
in the Aerospace & Defense industry
Industry Median: 10.76
vs AADX: 37.21
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.
AADX vs YSS, ACHR, LUNR: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Applied Aerospace & Defense'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.
Applied Aerospace & Defense ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Applied Aerospace & Defense's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Applied Aerospace & Defense'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 one times the 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 37.21% mean?
Applied Aerospace & Defense (AADX) has a ROC (Joel Greenblatt) % of 37.21% 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 Applied Aerospace & Defense and its competitors. This is 20% above median its historical median of 30.88. Over the past decade, Applied Aerospace & Defense's ROC (Joel Greenblatt) % has ranged from 24.55 to 37.21. According to the industry distribution chart, Applied Aerospace & Defense ranks #78 out of 357 companies in the Aerospace & Defense industry, placing it in the top 21.8%.
Is Applied Aerospace & Defense's ROC (Joel Greenblatt) % too high?
Applied Aerospace & Defense's current ROC (Joel Greenblatt) % of 37.21% is 20% above median its 10-year median of 30.88. Over the past 10 years, this metric has ranged from a low of 24.55 to a high of 37.21. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.76. Applied Aerospace & Defense's value of 37.21% is 245.8% above this industry median. Based on the distribution chart, Applied Aerospace & Defense ranks #78 out of 357 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Applied Aerospace & Defense has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Applied Aerospace & Defense's ROC (Joel Greenblatt) % compare to YSS and ACHR?
According to the Aerospace & Defense industry distribution chart, Applied Aerospace & Defense ranks #78 out of 357 companies for ROC (Joel Greenblatt) %. This places Applied Aerospace & Defense in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.76. Applied Aerospace & Defense's value of 37.21% is 245.8% above this benchmark. Historically, Applied Aerospace & Defense's own ROC (Joel Greenblatt) % has ranged from 24.55 to 37.21 over the past decade. While the company's 10-year median is 30.88 vs. the industry median of 10.76, Applied Aerospace & Defense 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 an Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.76, based on 357 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. Applied Aerospace & Defense's current ROC (Joel Greenblatt) % of 37.21% is 245.8% 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 Applied Aerospace & Defense and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Aerospace & Defense's current ROC (Joel Greenblatt) % is 37.21%, which is 20% above median its own 10-year median of 30.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Aerospace & Defense stock overvalued right now?
Applied Aerospace & Defense (AADX) has a current ROC (Joel Greenblatt) % of 37.21%. The current ROC (Joel Greenblatt) % is 37.21%, which is 20% above median its 10-year median of 30.88 and 245.8% above the Aerospace & Defense industry median of 10.76. Applied Aerospace & Defense's overall GF Score™ is 11/100 with 3 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 Applied Aerospace & Defense (AADX), the current ROC (Joel Greenblatt) % is 37.21% 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.
Applied Aerospace & Defense Inc specializes in providing engineering and vertically integrated manufacturing solutions for space and defense technology companies. The company builds complex hardware for extreme operating environments, combining deep material science and IP-enabled process expertise with the ability to enable rapid prototyping, enhance new product development, and responsively scale production. The majority of the company's revenue is derived from the sales of Defense Aviation and Airborne Systems, followed by Space and Launch Systems, C5ISR and Precision Strike Systems.
11GF Score
Get the complete analysis for AADX
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
AADX has been successfully added to your 