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. Alliance Aviation Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -28.44%.
The historical rank and industry rank for Alliance Aviation Services's ROC (Joel Greenblatt) % or its related term are showing as below:
ALAVF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.98 Med: 10.94 Max: 16.75
Current: -7.98
During the past 13 years, Alliance Aviation Services's highest ROC (Joel Greenblatt) % was 16.75%. The lowest was -7.98%. And the median was 10.94%.
ALAVF's ROC (Joel Greenblatt) % is ranked worse than 91.27% of 996
companies
in the Transportation industry
Industry Median: 11.695
vs ALAVF: -7.98
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.
For the Airports & Air Services subindustry, Alliance Aviation Services'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.
Alliance Aviation Services ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Alliance Aviation Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Alliance Aviation Services'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 two times the semi-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 -28.44% mean?
Alliance Aviation Services (ALAVF) has a ROC (Joel Greenblatt) % of -28.44% 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 Alliance Aviation Services and its competitors. According to the industry distribution chart, Alliance Aviation Services ranks #909 out of 996 companies in the Transportation industry, placing it in the top 91.3%.
Is Alliance Aviation Services' ROC (Joel Greenblatt) % too high?
Alliance Aviation Services' current ROC (Joel Greenblatt) % is -28.44%. Based on the distribution chart, Alliance Aviation Services ranks #909 out of 996 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Alliance Aviation Services has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alliance Aviation Services' ROC (Joel Greenblatt) % compare to JOBY?
According to the Transportation industry distribution chart, Alliance Aviation Services ranks #909 out of 996 companies for ROC (Joel Greenblatt) %. This places Alliance Aviation Services in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.70. 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.70, based on 996 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. 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 Alliance Aviation Services and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alliance Aviation Services's current ROC (Joel Greenblatt) % is -28.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliance Aviation Services stock overvalued right now?
Based on GuruFocus' analysis, Alliance Aviation Services (ALAVF) is currently considered Possible Value Trap. The stock's GF Value™ is $2.59, compared to a current price of $0.37 — trading 85.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is -28.44%. Alliance Aviation Services' overall GF Score™ is 52/100 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 Alliance Aviation Services (ALAVF), the current ROC (Joel Greenblatt) % is -28.44% 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.
Is Alliance Aviation Services (ALAVF) Overvalued in 2026?
Based on GuruFocus' analysis, Alliance Aviation Services stock appears to be undervalued.
The current stock price of $0.37 is trading 85.6% below its estimated GF Value™ of $2.59.
GuruFocus considers Alliance Aviation Services to be Possible Value Trap.
Key valuation signals for ALAVF:
ROC (Joel Greenblatt) %: -28.44%
GF Value™: $2.59 vs. price of $0.37 (85.6% below fair value)
No single metric tells the full story. See the ALAVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alliance Aviation Services Ltd is an aviation services provider. The company is engaged in the provision of contract, charter, and allied aviation services to both the resource industry and airlines, both domestically and internationally. The group also provides specialised aviation services to airlines and clients, including aircraft dry leasing, airport management, aircraft trading, part sales, engine leasing, and engineering services.
52GF Score
Get the complete analysis for ALAVF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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