Echelon ResourcesASX:ECH 55 ROC (Joel Greenblatt) % is 15.59% as of Dec. 2025, which is 138% above its 10-year median of 6.56. GuruFocus rates ASX:ECH with a GF Score™ of 55/100 and a GF Value™ of A$0.50 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,000 Oil & Gas companies, Echelon Resources ranks better than 67.6% 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. Echelon Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.59%.
The historical rank and industry rank for Echelon Resources's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:ECH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -65.08 Med: 6.56 Max: 19.07
Current: 15.53
During the past 13 years, Echelon Resources's highest ROC (Joel Greenblatt) % was 19.07%. The lowest was -65.08%. And the median was 6.56%.
ASX:ECH's ROC (Joel Greenblatt) % is ranked better than 67.6% of 1000
companies
in the Oil & Gas industry
Industry Median: 8.415
vs ASX:ECH: 15.53
Echelon Resources'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.
Echelon Resources ROC (Joel Greenblatt) % Related Terms
Echelon Resources ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Echelon Resources'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:ECH vs COP, EOG, FANG: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, Echelon Resources'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.
Echelon Resources ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Echelon Resources's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Echelon Resources'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 15.59% mean?
Echelon Resources (ASX:ECH) has a ROC (Joel Greenblatt) % of 15.59% 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 Echelon Resources and its competitors. This is 138% above median its historical median of 6.56. According to the industry distribution chart, Echelon Resources ranks #324 out of 1000 companies in the Oil & Gas industry, placing it in the top 32.4%.
Is Echelon Resources' ROC (Joel Greenblatt) % too high?
Echelon Resources' current ROC (Joel Greenblatt) % of 15.59% is 138% above median its 10-year median of 6.56. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. Echelon Resources' value of 15.59% is 85.3% above this industry median. Based on the distribution chart, Echelon Resources ranks #324 out of 1000 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Echelon Resources has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Echelon Resources' ROC (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Echelon Resources ranks #324 out of 1000 companies for ROC (Joel Greenblatt) %. This puts Echelon Resources in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.42. Echelon Resources' value of 15.59% is 85.3% above this benchmark. While the company's 10-year median is 6.56 vs. the industry median of 8.42, Echelon Resources 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.42, based on 1,000 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. Echelon Resources's current ROC (Joel Greenblatt) % of 15.59% is 85.3% 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 Echelon Resources and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Echelon Resources's current ROC (Joel Greenblatt) % is 15.59%, which is 138% above median its own 10-year median of 6.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Echelon Resources stock overvalued right now?
Based on GuruFocus' analysis, Echelon Resources (ASX:ECH) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.50, compared to a current price of A$0.35 — trading 31% below its estimated fair value. The current ROC (Joel Greenblatt) % is 15.59%, which is 138% above median its 10-year median of 6.56 and 85.3% above the Oil & Gas industry median of 8.42. Echelon Resources' overall GF Score™ is 55/100 with 6 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 Echelon Resources (ASX:ECH), the current ROC (Joel Greenblatt) % is 15.59% 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 Echelon Resources (ASX:ECH) Overvalued in 2026?
Based on GuruFocus' analysis, Echelon Resources stock appears to be undervalued.
The current stock price of A$0.35 is trading 31% below its estimated GF Value™ of A$0.50.
GuruFocus considers Echelon Resources to be Possible Value Trap.
Key valuation signals for ASX:ECH:
ROC (Joel Greenblatt) %: 15.59% (138% above median its 10-year median of 6.56)
GF Value™: A$0.50 vs. price of A$0.35 (31% below fair value)
Industry Position: 85.3% above the Oil & Gas median (#324 of 1000)
No single metric tells the full story. See the ASX:ECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Echelon Resources Ltd Formerly New Zealand Oil & Gas Ltd is an oil and gas exploration and production company with producing assets in New Zealand. It operates through Kupe Oil and Gas Field, Amadeus Basin Oil and Gas Exploration, and Cue Energy Resources Limited segments. The company generates maximum revenue from Cue Energy Resources Limited. It has a presence in Indonesia and Australia.
55GF Score
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