Eneco RefreshASX:ERG ROC (Joel Greenblatt) % is 9.35% as of Dec. 2025. The stock has 2 warning signs investors should review. Among 115 Beverages - Non-Alcoholic companies, Eneco Refresh ranks worse than 88.7% 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. Eneco Refresh's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.35%.
The historical rank and industry rank for Eneco Refresh's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:ERG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -171.57 Med: -14.82 Max: 6.11
Current: -10.03
During the past 13 years, Eneco Refresh's highest ROC (Joel Greenblatt) % was 6.11%. The lowest was -171.57%. And the median was -14.82%.
ASX:ERG's ROC (Joel Greenblatt) % is ranked worse than 88.7% of 115
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 20.27
vs ASX:ERG: -10.03
Eneco Refresh'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.
Eneco Refresh ROC (Joel Greenblatt) % Related Terms
Eneco Refresh ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Eneco Refresh'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:ERG vs KO, PEP, MNST: ROC (Joel Greenblatt) % Comparison
For the Beverages - Non-Alcoholic subindustry, Eneco Refresh'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.
Eneco Refresh ROC (Joel Greenblatt) % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Eneco Refresh's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Eneco Refresh'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 9.35% mean?
Eneco Refresh (ASX:ERG) has a ROC (Joel Greenblatt) % of 9.35% 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 Eneco Refresh and its competitors. According to the industry distribution chart, Eneco Refresh ranks #102 out of 115 companies in the Beverages - Non-Alcoholic industry, placing it in the top 88.7%.
Is Eneco Refresh's ROC (Joel Greenblatt) % too high?
Eneco Refresh's current ROC (Joel Greenblatt) % is 9.35%. The Beverages - Non-Alcoholic industry median ROC (Joel Greenblatt) % is 20.27. Eneco Refresh's value of 9.35% is 53.9% below this industry median. Based on the distribution chart, Eneco Refresh ranks #102 out of 115 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers.
How does Eneco Refresh's ROC (Joel Greenblatt) % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Eneco Refresh ranks #102 out of 115 companies for ROC (Joel Greenblatt) %. This places Eneco Refresh in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.27. Eneco Refresh's value of 9.35% is 53.9% below this benchmark. 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 Beverages - Non-Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Non-Alcoholic companies is 20.27, based on 115 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. Eneco Refresh's current ROC (Joel Greenblatt) % of 9.35% is 53.9% 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 Eneco Refresh and its competitors. For the Beverages - Non-Alcoholic industry, the median ROC (Joel Greenblatt) % is 20.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eneco Refresh's current ROC (Joel Greenblatt) % is 9.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eneco Refresh stock overvalued right now?
Based on GuruFocus' analysis, Eneco Refresh (ASX:ERG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.02, compared to a current price of A$0.02 — trading 25% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.35% and 53.9% below the Beverages - Non-Alcoholic industry median of 20.27. 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 Eneco Refresh (ASX:ERG), the current ROC (Joel Greenblatt) % is 9.35% 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.
Eneco Refresh Ltd is engaged in the production and distribution of bottled water and accessories. The company is also the producer of distilled drinking water and also distributes filtration systems and water purifiers. It also offers water tanks, caravan tanks, jerrycans, watering cans, vehicle parts, etc. It has its own range of selling Ampi activity toys.
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