Argo BlockchainARBK +0.24%49 ROC (Joel Greenblatt) % is 363.76% as of Dec. 2025. GuruFocus rates ARBK with a GF Score™ of 49/100 and a GF Value™ of $33.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 675 Capital Markets companies, Argo Blockchain ranks better than 65.04% 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. Argo Blockchain's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 363.76%.
The historical rank and industry rank for Argo Blockchain's ROC (Joel Greenblatt) % or its related term are showing as below:
ARBK'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -160.41 Med: -8.42 Max: 111.17
Current: 111.17
During the past 8 years, Argo Blockchain's highest ROC (Joel Greenblatt) % was 111.17%. The lowest was -160.41%. And the median was -8.42%.
ARBK's ROC (Joel Greenblatt) % is ranked better than 65.04% of 675
companies
in the Capital Markets industry
Industry Median: 35.03
vs ARBK: 111.17
Argo Blockchain's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Argo Blockchain ROC (Joel Greenblatt) % Related Terms
Argo Blockchain ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Argo Blockchain'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.
ARBK vs BTCS, BGDE, PLUT: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Argo Blockchain'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.
Argo Blockchain ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Argo Blockchain's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Argo Blockchain'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 363.76% mean?
Argo Blockchain (ARBK) has a ROC (Joel Greenblatt) % of 363.76% 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 Argo Blockchain and its competitors. According to the industry distribution chart, Argo Blockchain ranks #236 out of 675 companies in the Capital Markets industry, placing it in the top 35%.
Is Argo Blockchain's ROC (Joel Greenblatt) % too high?
Argo Blockchain's current ROC (Joel Greenblatt) % is 363.76%. The Capital Markets industry median ROC (Joel Greenblatt) % is 35.03. Argo Blockchain's value of 363.76% is 938.4% above this industry median. Based on the distribution chart, Argo Blockchain ranks #236 out of 675 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Argo Blockchain has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Argo Blockchain's ROC (Joel Greenblatt) % compare to BTCS and BGDE?
According to the Capital Markets industry distribution chart, Argo Blockchain ranks #236 out of 675 companies for ROC (Joel Greenblatt) %. This puts Argo Blockchain in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 35.03. Argo Blockchain's value of 363.76% is 938.4% above this benchmark. 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 35.03, based on 675 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. Argo Blockchain's current ROC (Joel Greenblatt) % of 363.76% is 938.4% 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 Argo Blockchain and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 35.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argo Blockchain's current ROC (Joel Greenblatt) % is 363.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argo Blockchain stock overvalued right now?
Based on GuruFocus' analysis, Argo Blockchain (ARBK) is currently considered Possible Value Trap. The stock's GF Value™ is $33.02, compared to a current price of $3.31 — trading 90% below its estimated fair value. The current ROC (Joel Greenblatt) % is 363.76% and 938.4% above the Capital Markets industry median of 35.03. Argo Blockchain's overall GF Score™ is 49/100 with 5 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 Argo Blockchain (ARBK), the current ROC (Joel Greenblatt) % is 363.76% 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 Argo Blockchain (ARBK) Overvalued in 2026?
Based on GuruFocus' analysis, Argo Blockchain stock appears to be undervalued.
The current stock price of $3.31 is trading 90% below its estimated GF Value™ of $33.02.
GuruFocus considers Argo Blockchain to be Possible Value Trap.
Key valuation signals for ARBK:
ROC (Joel Greenblatt) %: 363.76%
GF Value™: $33.02 vs. price of $3.31 (90% below fair value)
Industry Position: 938.4% above the Capital Markets median (#236 of 675)
No single metric tells the full story. See the ARBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argo Blockchain PLC is a blockchain technology company focused on the large-scale mining of Bitcoin. It mines bitcoin using purpose-built computers (or mining machines) to solve complex cryptographic algorithms on the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. The company acquires and deploys mining technology solutions in North American facilities that utilize predominantly renewable and inexpensive electricity.
49GF Score
Get the complete analysis for ARBK
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
ARBK has been successfully added to your 
