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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. Abu Dhabi National Oil Co For Distribution PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 40.75%.
ADX:ADNOCDIST's ROC (Joel Greenblatt) % is ranked better than 80.62% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 11.63
vs ADX:ADNOCDIST: 36.21
Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) 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.
* 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.
Abu Dhabi National Oil Co For Distribution PJSC ROC (Joel Greenblatt) % Chart
Abu Dhabi National Oil Co For Distribution PJSC Annual Data
ADX:ADNOCDIST vs CASY, WSM, ULTA: ROC (Joel Greenblatt) % Comparison
For the Specialty Retail subindustry, Abu Dhabi National Oil Co For Distribution PJSC'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.
Abu Dhabi National Oil Co For Distribution PJSC ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
Abu Dhabi National Oil Co For Distribution PJSC 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 40.75% mean?
Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) has a ROC (Joel Greenblatt) % of 40.75% 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 Abu Dhabi National Oil Co For Distribution PJSC and its competitors. This is 15% above median its historical median of 35.50. Over the past decade, Abu Dhabi National Oil Co For Distribution PJSC's ROC (Joel Greenblatt) % has ranged from 26.56 to 41.25. According to the industry distribution chart, Abu Dhabi National Oil Co For Distribution PJSC ranks #219 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 19.4%.
Is Abu Dhabi National Oil Co For Distribution PJSC's ROC (Joel Greenblatt) % too high?
Abu Dhabi National Oil Co For Distribution PJSC's current ROC (Joel Greenblatt) % of 40.75% is 15% above median its 10-year median of 35.50. Over the past 10 years, this metric has ranged from a low of 26.56 to a high of 41.25. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.63. Abu Dhabi National Oil Co For Distribution PJSC's value of 40.75% is 250.4% above this industry median. Based on the distribution chart, Abu Dhabi National Oil Co For Distribution PJSC ranks #219 out of 1130 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Abu Dhabi National Oil Co For Distribution PJSC has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Abu Dhabi National Oil Co For Distribution PJSC's ROC (Joel Greenblatt) % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Abu Dhabi National Oil Co For Distribution PJSC ranks #219 out of 1130 companies for ROC (Joel Greenblatt) %. This places Abu Dhabi National Oil Co For Distribution PJSC in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.63. Abu Dhabi National Oil Co For Distribution PJSC's value of 40.75% is 250.4% above this benchmark. Historically, Abu Dhabi National Oil Co For Distribution PJSC's own ROC (Joel Greenblatt) % has ranged from 26.56 to 41.25 over the past decade. While the company's 10-year median is 35.50 vs. the industry median of 11.63, Abu Dhabi National Oil Co For Distribution PJSC 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.63, based on 1,130 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. Abu Dhabi National Oil Co For Distribution PJSC's current ROC (Joel Greenblatt) % of 40.75% is 250.4% 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 Abu Dhabi National Oil Co For Distribution PJSC and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abu Dhabi National Oil Co For Distribution PJSC's current ROC (Joel Greenblatt) % is 40.75%, which is 15% above median its own 10-year median of 35.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abu Dhabi National Oil Co For Distribution PJSC stock overvalued right now?
Based on GuruFocus' analysis, Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) is currently considered Fairly Valued. The stock's GF Value™ is د.إ3.98, compared to a current price of د.إ4.07 — trading 2.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 40.75%, which is 15% above median its 10-year median of 35.50 and 250.4% above the Retail - Cyclical industry median of 11.63. Abu Dhabi National Oil Co For Distribution PJSC's overall GF Score™ is 89/100 with 7 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 Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST), the current ROC (Joel Greenblatt) % is 40.75% 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 Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) Overvalued in 2026?
Based on GuruFocus' analysis, Abu Dhabi National Oil Co For Distribution PJSC stock appears to be overvalued.
The current stock price of د.إ4.07 is trading 2.3% above its estimated GF Value™ of د.إ3.98.
GuruFocus considers Abu Dhabi National Oil Co For Distribution PJSC to be Fairly Valued.
Key valuation signals for ADX:ADNOCDIST:
ROC (Joel Greenblatt) %: 40.75% (15% above median its 10-year median of 35.50)
GF Value™: د.إ3.98 vs. price of د.إ4.07 (2.3% above fair value)
Industry Position: 250.4% above the Retail - Cyclical median (#219 of 1130)
No single metric tells the full story. See the ADX:ADNOCDIST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Abu Dhabi National Oil Co For Distribution PJSC is engaged in the marketing of petroleum products, natural gas, and ancillary products. It owns retail fuel stations in the United Arab Emirates (UAE), the Arab Republic of Egypt, and the Kingdom of Saudi Arabia. In addition, the group also sells petroleum products to government and commercial customers, and provides aviation fuel and fueling services to its clients. Its reportable segments are Commercial (B2B) and Retail (B2C). Majority revenue is generated from the Retail (B2C) segment, which is engaged in the sale of gasoline and petroleum products, convenience store sales, car wash and other car care services, oil change services, vehicle inspection services, and property leasing and management through the retail sites.
89GF Score
Get the complete analysis for ADX:ADNOCDIST
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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