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ADNOC GasADX:ADNOCGAS -1.47%52 ROC (Joel Greenblatt) % is 23.51% as of Mar. 2026, which is 17% below its 10-year median of 28.47. GuruFocus rates ADX:ADNOCGAS with a GF Score™ of 52/100 and a GF Value™ of د.إ3.20 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,000 Oil & Gas companies, ADNOC Gas ranks better than 84.5% 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. ADNOC Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.51%.
The historical rank and industry rank for ADNOC Gas's ROC (Joel Greenblatt) % or its related term are showing as below:
ADX:ADNOCGAS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.33 Med: 28.47 Max: 31.56
Current: 27.93
During the past 5 years, ADNOC Gas's highest ROC (Joel Greenblatt) % was 31.56%. The lowest was -11.33%. And the median was 28.47%.
ADX:ADNOCGAS's ROC (Joel Greenblatt) % is ranked better than 84.5% of 1000
companies
in the Oil & Gas industry
Industry Median: 8.43
vs ADX:ADNOCGAS: 27.93
ADNOC Gas's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
ADNOC Gas (ADX:ADNOCGAS) 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.
The historical data trend for ADNOC Gas'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.
ADX:ADNOCGAS vs XOM, CVX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Integrated subindustry, ADNOC Gas'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.
ADNOC Gas ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ADNOC Gas's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ADNOC Gas'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 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 23.51% mean?
ADNOC Gas (ADX:ADNOCGAS) has a ROC (Joel Greenblatt) % of 23.51% 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 ADNOC Gas and its competitors. This is 17% below median its historical median of 28.47. According to the industry distribution chart, ADNOC Gas ranks #155 out of 1000 companies in the Oil & Gas industry, placing it in the top 15.5%.
Is ADNOC Gas' ROC (Joel Greenblatt) % too high?
ADNOC Gas' current ROC (Joel Greenblatt) % of 23.51% is 17% below median its 10-year median of 28.47. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.43. ADNOC Gas' value of 23.51% is 178.9% above this industry median. Based on the distribution chart, ADNOC Gas ranks #155 out of 1000 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, ADNOC Gas has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ADNOC Gas' ROC (Joel Greenblatt) % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, ADNOC Gas ranks #155 out of 1000 companies for ROC (Joel Greenblatt) %. This places ADNOC Gas in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.43. ADNOC Gas' value of 23.51% is 178.9% above this benchmark. While the company's 10-year median is 28.47 vs. the industry median of 8.43, ADNOC Gas 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.43, based on 1,000 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. ADNOC Gas's current ROC (Joel Greenblatt) % of 23.51% is 178.9% 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 ADNOC Gas and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADNOC Gas's current ROC (Joel Greenblatt) % is 23.51%, which is 17% below median its own 10-year median of 28.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADNOC Gas stock overvalued right now?
Based on GuruFocus' analysis, ADNOC Gas (ADX:ADNOCGAS) is currently considered Fairly Valued. The stock's GF Value™ is د.إ3.20, compared to a current price of د.إ3.34 — trading 4.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 23.51%, which is 17% below median its 10-year median of 28.47 and 178.9% above the Oil & Gas industry median of 8.43. ADNOC Gas' overall GF Score™ is 52/100 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 ADNOC Gas (ADX:ADNOCGAS), the current ROC (Joel Greenblatt) % is 23.51% 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 ADNOC Gas (ADX:ADNOCGAS) Overvalued in 2026?
Based on GuruFocus' analysis, ADNOC Gas stock appears to be overvalued.
The current stock price of د.إ3.34 is trading 4.4% above its estimated GF Value™ of د.إ3.20.
GuruFocus considers ADNOC Gas to be Fairly Valued.
Key valuation signals for ADX:ADNOCGAS:
ROC (Joel Greenblatt) %: 23.51% (17% below median its 10-year median of 28.47)
GF Value™: د.إ3.20 vs. price of د.إ3.34 (4.4% above fair value)
Industry Position: 178.9% above the Oil & Gas median (#155 of 1000)
No single metric tells the full story. See the ADX:ADNOCGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADNOC Gas PLC is an integrated gas processing company. The Company is responsible for producing, processing, distributing, and marketing natural gas and its derivatives in the UAE and abroad. The company Gas operates a network of pipelines, processing plants, storage facilities, and export terminals that supply gas to various sectors, including power generation, water desalination, petrochemicals, industries, and households. The Company also exports liquefied natural gas (LNG) and liquefied petroleum gas (LPG) to regional and international markets.
52GF Score
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