Air TAIRT -1.86%62 ROC (Joel Greenblatt) % is 183.27% as of Mar. 2026, which is 2804% above its 10-year median of 6.31. GuruFocus rates AIRT with a GF Score™ of 62/100 and a GF Value™ of $26.08 (Fairly Valued). The stock has 9 warning signs investors should review. Among 560 Conglomerates companies, Air T ranks better than 91.07% 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. Air T's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 183.27%.
The historical rank and industry rank for Air T's ROC (Joel Greenblatt) % or its related term are showing as below:
AIRT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.42 Med: 6.31 Max: 79.4
Current: 79.4
During the past 13 years, Air T's highest ROC (Joel Greenblatt) % was 79.40%. The lowest was -16.42%. And the median was 6.31%.
AIRT's ROC (Joel Greenblatt) % is ranked better than 91.07% of 560
companies
in the Conglomerates industry
Industry Median: 14.73
vs AIRT: 79.40
Air T's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Air T (NAS:AIRT) 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 Air T'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.
AIRT vs BBXIA, ATVK, STRR: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Air T'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.
Air T ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Air T's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Air T'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 183.27% mean?
Air T (AIRT) has a ROC (Joel Greenblatt) % of 183.27% 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 Air T and its competitors. This is 2804% above median its historical median of 6.31. According to the industry distribution chart, Air T ranks #50 out of 560 companies in the Conglomerates industry, placing it in the top 8.9%.
Is Air T's ROC (Joel Greenblatt) % too high?
Air T's current ROC (Joel Greenblatt) % of 183.27% is 2804% above median its 10-year median of 6.31. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.73. Air T's value of 183.27% is 1144.2% above this industry median. Based on the distribution chart, Air T ranks #50 out of 560 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Air T has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air T's ROC (Joel Greenblatt) % compare to BBXIA and ATVK?
According to the Conglomerates industry distribution chart, Air T ranks #50 out of 560 companies for ROC (Joel Greenblatt) %. This places Air T in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.73. Air T's value of 183.27% is 1144.2% above this benchmark. While the company's 10-year median is 6.31 vs. the industry median of 14.73, Air T 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.73, based on 560 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. Air T's current ROC (Joel Greenblatt) % of 183.27% is 1144.2% 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 Air T and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air T's current ROC (Joel Greenblatt) % is 183.27%, which is 2804% above median its own 10-year median of 6.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air T stock overvalued right now?
Based on GuruFocus' analysis, Air T (AIRT) is currently considered Fairly Valued. The stock's GF Value™ is $26.08, compared to a current price of $27.48 — trading 5.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 183.27%, which is 2804% above median its 10-year median of 6.31 and 1144.2% above the Conglomerates industry median of 14.73. Air T's overall GF Score™ is 62/100 with 9 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 Air T (AIRT), the current ROC (Joel Greenblatt) % is 183.27% 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 Air T (AIRT) Overvalued in 2026?
Based on GuruFocus' analysis, Air T stock appears to be overvalued.
The current stock price of $27.48 is trading 5.4% above its estimated GF Value™ of $26.08.
GuruFocus considers Air T to be Fairly Valued.
Key valuation signals for AIRT:
ROC (Joel Greenblatt) %: 183.27% (2804% above median its 10-year median of 6.31)
GF Value™: $26.08 vs. price of $27.48 (5.4% above fair value)
Industry Position: 1144.2% above the Conglomerates median (#50 of 560)
No single metric tells the full story. See the AIRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, Commercial jet engines, and parts, Corporate, and Others. The company generates maximum revenue from the Commercial Jet Engines and Parts segment.
62GF Score
Get the complete analysis for AIRT
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
AIRT has been successfully added to your 
