Progressive Planet SolutionsASHXF 34 ROC (Joel Greenblatt) % is -14.40% as of Jan. 2026. GuruFocus rates ASHXF with a GF Score™ of 34/100 and a GF Value™ of $0.15 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,499 Metals & Mining companies, Progressive Planet Solutions ranks better than 81.63% 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. Progressive Planet Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was -14.40%.
The historical rank and industry rank for Progressive Planet Solutions's ROC (Joel Greenblatt) % or its related term are showing as below:
ASHXF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -211.13 Med: -56.29 Max: 10.8
Current: 10.8
During the past 13 years, Progressive Planet Solutions's highest ROC (Joel Greenblatt) % was 10.80%. The lowest was -211.13%. And the median was -56.29%.
ASHXF's ROC (Joel Greenblatt) % is ranked better than 81.63% of 2499
companies
in the Metals & Mining industry
Industry Median: -22.36
vs ASHXF: 10.80
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 Other Industrial Metals & Mining subindustry, Progressive Planet Solutions'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.
Progressive Planet Solutions ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Progressive Planet Solutions'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 (Jan. 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 -14.40% mean?
Progressive Planet Solutions (ASHXF) has a ROC (Joel Greenblatt) % of -14.40% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Progressive Planet Solutions and its competitors. According to the industry distribution chart, Progressive Planet Solutions ranks #459 out of 2499 companies in the Metals & Mining industry, placing it in the top 18.4%.
Is Progressive Planet Solutions' ROC (Joel Greenblatt) % too high?
Progressive Planet Solutions' current ROC (Joel Greenblatt) % is -14.40%. Based on the distribution chart, Progressive Planet Solutions ranks #459 out of 2499 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Progressive Planet Solutions has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Planet Solutions' ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Progressive Planet Solutions ranks #459 out of 2499 companies for ROC (Joel Greenblatt) %. This places Progressive Planet Solutions in the top 18% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 Progressive Planet Solutions and its competitors. Progressive Planet Solutions's current ROC (Joel Greenblatt) % is -14.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Planet Solutions stock overvalued right now?
Based on GuruFocus' analysis, Progressive Planet Solutions (ASHXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.15, compared to a current price of $0.23 — trading 56.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is -14.40%. Progressive Planet Solutions' overall GF Score™ is 34/100 with 2 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 Progressive Planet Solutions (ASHXF), the current ROC (Joel Greenblatt) % is -14.40% as of Jan. 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 Progressive Planet Solutions (ASHXF) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive Planet Solutions stock appears to be overvalued.
The current stock price of $0.23 is trading 56.4% above its estimated GF Value™ of $0.15.
GuruFocus considers Progressive Planet Solutions to be Significantly Overvalued.
Key valuation signals for ASHXF:
ROC (Joel Greenblatt) %: -14.40%
GF Value™: $0.15 vs. price of $0.23 (56.4% above fair value)
No single metric tells the full story. See the ASHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive Planet Solutions Inc is a manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. It owns a diatomaceous earth mine and a bentonite mine both located in Canada, and is also an operator and partial owner of a zeolite mine. Its expertise lies in developing critical low-carbon and carbon sequestering solutions. The company is also engaged in research and development activities to expand its current operations by developing products for the agricultural and supplementary cementing materials markets. Geographically, its products are sold in the United States where it generates maximum revenue, and in Canada.
34GF Score
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