Ascopiave SpAASCOF 86 ROC (Joel Greenblatt) % is 32.79% as of Mar. 2026, which is 51% below its 10-year median of 67.45. GuruFocus rates ASCOF with a GF Score™ of 86/100 and a GF Value™ of $3.99. The stock has 3 warning signs investors should review. Among 505 Utilities - Regulated companies, Ascopiave SpA ranks better than 88.71% 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. Ascopiave SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.79%.
The historical rank and industry rank for Ascopiave SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
ASCOF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 27.02 Med: 67.45 Max: 237.39
Current: 56.91
During the past 13 years, Ascopiave SpA's highest ROC (Joel Greenblatt) % was 237.39%. The lowest was 27.02%. And the median was 67.45%.
ASCOF's ROC (Joel Greenblatt) % is ranked better than 88.71% of 505
companies
in the Utilities - Regulated industry
Industry Median: 10.84
vs ASCOF: 56.91
Ascopiave SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -26.00% 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.
Ascopiave SpA ROC (Joel Greenblatt) % Related Terms
Ascopiave SpA ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ascopiave SpA'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.
ASCOF vs ATO, NI, UGI: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Gas subindustry, Ascopiave SpA'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.
Ascopiave SpA ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Ascopiave SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ascopiave SpA'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 32.79% mean?
Ascopiave SpA (ASCOF) has a ROC (Joel Greenblatt) % of 32.79% 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 Ascopiave SpA and its competitors. This is 51% below median its historical median of 67.45. Over the past decade, Ascopiave SpA's ROC (Joel Greenblatt) % has ranged from 27.02 to 237.39. According to the industry distribution chart, Ascopiave SpA ranks #57 out of 505 companies in the Utilities - Regulated industry, placing it in the top 11.3%.
Is Ascopiave SpA's ROC (Joel Greenblatt) % too high?
Ascopiave SpA's current ROC (Joel Greenblatt) % of 32.79% is 51% below median its 10-year median of 67.45. Over the past 10 years, this metric has ranged from a low of 27.02 to a high of 237.39. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.84. Ascopiave SpA's value of 32.79% is 202.5% above this industry median. Based on the distribution chart, Ascopiave SpA ranks #57 out of 505 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Ascopiave SpA has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Ascopiave SpA's ROC (Joel Greenblatt) % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Ascopiave SpA ranks #57 out of 505 companies for ROC (Joel Greenblatt) %. This places Ascopiave SpA in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.84. Ascopiave SpA's value of 32.79% is 202.5% above this benchmark. Historically, Ascopiave SpA's own ROC (Joel Greenblatt) % has ranged from 27.02 to 237.39 over the past decade. While the company's 10-year median is 67.45 vs. the industry median of 10.84, Ascopiave SpA 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 Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.84, based on 505 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. Ascopiave SpA's current ROC (Joel Greenblatt) % of 32.79% is 202.5% 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 Ascopiave SpA and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ascopiave SpA's current ROC (Joel Greenblatt) % is 32.79%, which is 51% below median its own 10-year median of 67.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ascopiave SpA stock overvalued right now?
Ascopiave SpA (ASCOF) has a current ROC (Joel Greenblatt) % of 32.79%. The stock's GF Value™ is $3.99, compared to a current price of $3.33 — trading 16.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 32.79%, which is 51% below median its 10-year median of 67.45 and 202.5% above the Utilities - Regulated industry median of 10.84. Ascopiave SpA's overall GF Score™ is 86/100 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 Ascopiave SpA (ASCOF), the current ROC (Joel Greenblatt) % is 32.79% 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 Ascopiave SpA (ASCOF) Overvalued in 2026?
Based on GuruFocus' analysis, Ascopiave SpA stock appears to be undervalued.
The current stock price of $3.33 is trading 16.5% below its estimated GF Value™ of $3.99.
Key valuation signals for ASCOF:
ROC (Joel Greenblatt) %: 32.79% (51% below median its 10-year median of 67.45)
GF Value™: $3.99 vs. price of $3.33 (16.5% below fair value)
Industry Position: 202.5% above the Utilities - Regulated median (#57 of 505)
No single metric tells the full story. See the ASCOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ascopiave SpA is an Italy-based company engaged in the utility sector. It operates mainly in the field of natural gas distribution through its natural gas and LPG distribution networks across several towns. The Group is also present in the renewable energy sector, owning hydroelectric and wind power plants. Additionally, it is present in the field of cogeneration and heat management, as well as in the water sector, through its strategic investments. Ascopiave's operating business segments are: Gas Distribution, Renewables energies, and Other. Maximum revenue is generated from its Gas Distribution business. Geographically, the Group operates only in Italy.
86GF Score
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