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AJ Lucas GroupASX:AJL ROC (Joel Greenblatt) % is 151.74% as of Dec. 2025, which is 2571% above its 10-year median of 5.68. The stock has 5 warning signs investors should review. Among 632 Steel companies, AJ Lucas Group ranks better than 96.84% 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. AJ Lucas Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 151.74%.
The historical rank and industry rank for AJ Lucas Group's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:AJL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -119.38 Med: 5.68 Max: 80.18
Current: 80.18
During the past 13 years, AJ Lucas Group's highest ROC (Joel Greenblatt) % was 80.18%. The lowest was -119.38%. And the median was 5.68%.
ASX:AJL's ROC (Joel Greenblatt) % is ranked better than 96.84% of 632
companies
in the Steel industry
Industry Median: 7.095
vs ASX:AJL: 80.18
AJ Lucas Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
AJ Lucas Group (ASX:AJL) ROC (Joel Greenblatt) % Explanation
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.
AJ Lucas Group ROC (Joel Greenblatt) % Related Terms
AJ Lucas Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for AJ Lucas Group'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.
ASX:AJL vs HCC, AMR, METC: ROC (Joel Greenblatt) % Comparison
For the Coking Coal subindustry, AJ Lucas Group'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.
AJ Lucas Group ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, AJ Lucas Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AJ Lucas Group's ROC (Joel Greenblatt) % falls into.
AJ Lucas Group ROC (Joel Greenblatt) % Calculation
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 151.74% mean?
AJ Lucas Group (ASX:AJL) has a ROC (Joel Greenblatt) % of 151.74% 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 AJ Lucas Group and its competitors. This is 2571% above median its historical median of 5.68. According to the industry distribution chart, AJ Lucas Group ranks #20 out of 632 companies in the Steel industry, placing it in the top 3.2%.
Is AJ Lucas Group's ROC (Joel Greenblatt) % too high?
AJ Lucas Group's current ROC (Joel Greenblatt) % of 151.74% is 2571% above median its 10-year median of 5.68. The Steel industry median ROC (Joel Greenblatt) % is 7.10. AJ Lucas Group's value of 151.74% is 2038.7% above this industry median. Based on the distribution chart, AJ Lucas Group ranks #20 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers.
How does AJ Lucas Group's ROC (Joel Greenblatt) % compare to HCC and AMR?
According to the Steel industry distribution chart, AJ Lucas Group ranks #20 out of 632 companies for ROC (Joel Greenblatt) %. This places AJ Lucas Group in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.10. AJ Lucas Group's value of 151.74% is 2038.7% above this benchmark. While the company's 10-year median is 5.68 vs. the industry median of 7.10, AJ Lucas Group 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 a Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.10, based on 632 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. AJ Lucas Group's current ROC (Joel Greenblatt) % of 151.74% is 2038.7% 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 AJ Lucas Group and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AJ Lucas Group's current ROC (Joel Greenblatt) % is 151.74%, which is 2571% above median its own 10-year median of 5.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AJ Lucas Group stock overvalued right now?
Based on GuruFocus' analysis, AJ Lucas Group (ASX:AJL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.01 — trading 20% below its estimated fair value. The current ROC (Joel Greenblatt) % is 151.74%, which is 2571% above median its 10-year median of 5.68 and 2038.7% above the Steel industry median of 7.10. 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 AJ Lucas Group (ASX:AJL), the current ROC (Joel Greenblatt) % is 151.74% 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.
AJ Lucas Group Ltd is a provider of drilling services to the Australian coal industry, and an operator, through its subsidiary Cuadrilla Resources Holdings Limited, of exploration and appraisal of conventional and unconventional oil and gas prospects in the United Kingdom (UK). The Group is structured with two principal operating segments: Drilling (Australian operations) provides drilling services to the energy and resources sectors, but focuses on delivering a suite of degasification and exploration drilling and related services to Australian metallurgical coal mines; Oil & Gas Operations (UK investments operations) include the Exploration of unconventional and conventional hydrocarbons in the UK. It generates the majority of revenue from the Australian Operations segment.
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