Sunbelt Rentals HoldingsASHGY +1.17%49 ROC (Joel Greenblatt) % is 9.90% as of Apr. 2026, which is 45% below its 10-year median of 18.01. GuruFocus rates ASHGY with a GF Score™ of 49/100. The stock has 4 warning signs investors should review. Among 1,081 Business Services companies, Sunbelt Rentals Holdings ranks worse than 58.46% 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. Sunbelt Rentals Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 9.90%.
The historical rank and industry rank for Sunbelt Rentals Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
ASHGY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.32 Med: 18.01 Max: 21.43
Current: 13.6
During the past 13 years, Sunbelt Rentals Holdings's highest ROC (Joel Greenblatt) % was 21.43%. The lowest was 13.32%. And the median was 18.01%.
ASHGY's ROC (Joel Greenblatt) % is ranked worse than 58.46% of 1081
companies
in the Business Services industry
Industry Median: 20.97
vs ASHGY: 13.60
Sunbelt Rentals Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.00% 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.
Sunbelt Rentals Holdings ROC (Joel Greenblatt) % Related Terms
Sunbelt Rentals Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Sunbelt Rentals Holdings'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.
ASHGY vs AER, UHAL, R: ROC (Joel Greenblatt) % Comparison
For the Rental & Leasing Services subindustry, Sunbelt Rentals Holdings'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.
Sunbelt Rentals Holdings ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Sunbelt Rentals Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sunbelt Rentals Holdings'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 (Apr. 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 9.90% mean?
Sunbelt Rentals Holdings (ASHGY) has a ROC (Joel Greenblatt) % of 9.90% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Sunbelt Rentals Holdings and its competitors. This is 45% below median its historical median of 18.01. Over the past decade, Sunbelt Rentals Holdings' ROC (Joel Greenblatt) % has ranged from 13.32 to 21.43. According to the industry distribution chart, Sunbelt Rentals Holdings ranks #632 out of 1081 companies in the Business Services industry, placing it in the top 58.5%.
Is Sunbelt Rentals Holdings' ROC (Joel Greenblatt) % too high?
Sunbelt Rentals Holdings' current ROC (Joel Greenblatt) % of 9.90% is 45% below median its 10-year median of 18.01. Over the past 10 years, this metric has ranged from a low of 13.32 to a high of 21.43. The Business Services industry median ROC (Joel Greenblatt) % is 20.97. Sunbelt Rentals Holdings' value of 9.90% is 52.8% below this industry median. Based on the distribution chart, Sunbelt Rentals Holdings ranks #632 out of 1081 companies in the Business Services industry, which is below the industry midpoint. Overall, Sunbelt Rentals Holdings has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Sunbelt Rentals Holdings' ROC (Joel Greenblatt) % compare to AER and UHAL?
According to the Business Services industry distribution chart, Sunbelt Rentals Holdings ranks #632 out of 1081 companies for ROC (Joel Greenblatt) %. This places Sunbelt Rentals Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.97. Sunbelt Rentals Holdings' value of 9.90% is 52.8% below this benchmark. Historically, Sunbelt Rentals Holdings' own ROC (Joel Greenblatt) % has ranged from 13.32 to 21.43 over the past decade. While the company's 10-year median is 18.01 vs. the industry median of 20.97, Sunbelt Rentals Holdings has consistently been below 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 20.97, based on 1,081 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. Sunbelt Rentals Holdings's current ROC (Joel Greenblatt) % of 9.90% is 52.8% below 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 Sunbelt Rentals Holdings and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 20.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunbelt Rentals Holdings's current ROC (Joel Greenblatt) % is 9.90%, which is 45% below median its own 10-year median of 18.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunbelt Rentals Holdings stock overvalued right now?
Sunbelt Rentals Holdings (ASHGY) has a current ROC (Joel Greenblatt) % of 9.90%. The current ROC (Joel Greenblatt) % is 9.90%, which is 45% below median its 10-year median of 18.01 and 52.8% below the Business Services industry median of 20.97. Sunbelt Rentals Holdings' overall GF Score™ is 49/100 with 4 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 Sunbelt Rentals Holdings (ASHGY), the current ROC (Joel Greenblatt) % is 9.90% as of Apr. 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.
Sunbelt Rentals (formerly UK-based Ashtead Group) is the number two equipment rental company in the US (11% market share), with a smaller presence in Canada and the UK. Sunbelt operates a rental fleet of just over $15 billion across a network of 1,200 stores in the US, nearly CAD 2 billion of fleet and 135 stores in Canada, and GBP 1.1 billion and 190 stores in the UK. The company has experienced rapid growth over the past decade as its customers increasingly turn to rental versus owning equipment outright. The general tool business has been augmented by the Specialty Rental business, which has grown to 30% of the mix. Revenue is now greater than 50% nonconstruction, with the remainder focused more directly on commercial construction.
49GF Score
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